About EnclaveFX
Founded in 2018, EnclaveFX, a trading name of EnclaveFX Limited, is allegedly a broker based and registered in the UK that provides its clients with the industry-standard MetrTrader5 trading platform, leverage up to 1:500, variable spreads on over 120 tradable financial products, as well as a choice of eight different live account types and 24/5 customer support service. EnclaveFX advertises that it offers more than 120 trading instruments across a wide range of asset classes like forex, CFDs, metals, and cryptocurrencies. However, WikiFX gives this broker a low rating of 1.40/10. But why？
Recently, we received a lot of complaints from Turkey claiming that this broker blocked investors withdrawal requests, causing a huge loss to the traders. We think it is a typical action of scams.
Regulation: Is EnclaveFX legit？
EnclaveFX is not regulated as The regulatory status of the United States NFA (license number: 0550789) is abnormal, the official regulatory status is Unauthorized.
Fake Website
As we know so far, there are two fake clones of EnclaveFX on WikiFX. There are a lot of clones that use other names to scam traders.
Victims evidence
The investor submitted a withdrawal request after he invested with EnclaveFX. EnclaveFX's customer service team informed the investor that his withdrawal request was being processed. However, the investor cannot receive his funds, even after a long time has passed. This broker uses excuses to delay the withdrawal. Eventually, EnclaveFX stopped responding to the investor, no matter how many emails and messages they received from him.
The victim told WikiFX that https://portal.enclavefx.com/#/auth/login is the website of EnclaveFX that scammed him. WikiFX contacted EnclaveFX, and the official (https://enclavefx.com/ ) denied the claim, saying that this website is fake and has nothing to do with them. However, after we click the “logo” button on EnclaveFX, the website looks exactly like the so-called “fake website” https://portal.enclavefx.com/#/auth/login. Even the domain name is the same.
EnclaveFX on Whoisdog
When we check this broker through Whoisdog. We find that this website is created in 2020 and updated in 2022. it is very new compared to the establish date of this broker(2018).
Conclusion
Protecting the legitimate rights and interests of forex traders are always the primary concern of WikiFX. WikiFX exposed this case to the public to remind all traders of the potential risks. All traders should be vigilant when investing in a broker.
WikiFX is actively reaching out to the victims hoping to find more evidence to air this brokers dirty laundry to the public. Please stay tuned for more information.
WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!
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