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On 3 Feb 2022, the UK Financial Conduct Authority (FCA) issued a warning against EnclaveFX for providing financial services or products in the UK without any authorisation. You may visit: https://www.fca.org.uk/news/warnings/enclavefx
EnclaveFX is not a reliable broker for traders even though it states offers that look good to be true. EnclaveFX claims to be operated by EnclaveFX Limited, a company registered in the Companies House of the United Kingdom (CH) with the number 13596354. We indeed find a match result to EnclaveFX in CH, but CH is the United Kingdom's registrar of companies that has no legit rights to regulate any forex activities. Having registration does not mean having any regulation.
As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). We searched in FCA but only found this firm had already been warned by FCA for providing financial services or products without authorization.
The truth is that EnclaveFX is not regulated by any regulators. Investor' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
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