IG Review for India 2026: RBI Alert List, Regulation, Login, and Forex Risk
IG review for India in 2026: see the RBI Alert List entry, overseas regulation, login checks, forex limits, and a clear broker safety checklist.
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FCA Warning: EnclaveFX Receives Withdrawal Complaints
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Abstract：Regulation is one of the most critical factors that must be considered when you evaluate a forex broker.
Regulated brokers are required to adhere to strict rules and regulations set by regulators, and through this, client fund security can be ensured.
EnclaveFX is a non-regulated broker, whose activities are not overseen by any authorities. Moreover, it has a warning record from FCA.
Quick overview
EnclaveFX(https://enclavefx.com/) is a self-claimed pre-eminent forex broker based in London, United Kingdom. The broker delivers the most sought-after tried and tested trading instruments for traders to invest Forex, CFDs, Metals and Cryptos. Other features include four account types, multiple deposit options and a trading MT5 platform.
Is EnclaveFX regulated？
EnclaveFx is a non-regulated forex broker firm that is registered in the UK with the number 13596354. Even though its headquarters is in London, it is not registered with and does not fall under the FCA, the authority that supervises financial services and products of most forex entities in the UK.
In other words, EnclaveFx is operating from the UK without an approval, and is therefore an illicit entity.
A warning record from FCA
On 3 Feb 2022, the FCA issued a warning against EnclaveFX for providing financial services or products in the UK without any authorisation.
Clients complaints and feedback
According to research to several independent reviewers' channels, we found the company receives a lot of complaints. The broker has been accused of multiple issues, including misappropriating funds, withdrawal problems, customer support even though it labels that it consists of a team of highly qualified and experienced people dedicated to the field of brokerage service. Let us share some screenshots below.
An Iranian investor funded his account with $2500 and started trading. He made profits and his balance reached $11500. When he had open orders on his account after a few days, his account was blocked and he was also blocked by the broker on all channels.
Based on the above information, we can conclude that EnclaveFX is a scam.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Further Reading
Orbex Review 2026: Are Traders Worried Over Profit Confiscations & High Commissions?
Orbex, a Cyprus-based brokerage entity, has recorded 30 exposure complaints on WikiFX, a leading forex broker regulation inquiry tool, so far. Other review websites have also recorded a healthy number of complaints against the brokerage firm. These complaints largely talk about the alleged profit confiscations by the broker in the name of trading violations, difficulty in accessing fund withdrawals, capital losses due to artificial slippage, etc. In this Orbex review, we have investigated user complaints and provided a regulatory overview of the broker.
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