Enclave FX

Reviewed broker: Enclave FX

Location: London, United Kingdom and Dubai

Since the founding of the company, it has branched out and today has a vast network of offices in countries like Europe, Africa, the Middle East, and South as well as Central Asia.

Established in 2018

Regulation: None

Enclave FX does not have any awards or recognition listed on the broker’s website.

Do not accept traders from USA, South Africa, Islamic Republic of Iran

Trading Conditions and Features

Trading instruments: over 100 financial instruments in forex, CFDs, Cryptocurrencies, and Metals

Spreads:

• Micro account – starts from 2.0 pips
• Standard account – starts from 1.4 pips
• ECN account – starts from 0.0 pips
• ECN Pro account – start from 0.0 pips.

The broker offers a unique Copy Trading feature that allows traders to copy the trades of professional traders. This feature is open to all account types and traders have the option to copy the trades of multiple traders simultaneously. 

Demo account: available

 Islamic Account (Swap Free): available

Maximum Leverage 1:500

Enclave FX offers traders various account types to choose from:

Micro

$10 Minimum Deposit

• Spreads From 2.2 Pips
• Zero Commissions
• Leverage Upto 1:500
• Swap Free
• Market Execution
• Regular/Islamic Account

Standard

$500 Minimum Deposit

• Spreads From 1.8 Pips
• Zero Commissions
• Leverage Upto 1:500
• Swap Free
• Market Execution
• Regular/Islamic Account

Silver

$1000 Minimum Deposit

• Spreads From 1.5 Pips
• Zero Commissions
• Leverage Upto 1:500
• Swap Free
• Market Execution
• Regular/Islamic Account

Gold

$1500 Minimum Deposit

• Spreads From 1.2 Pips
• Zero Commissions
• Leverage Upto 1:500
• Swap Free
• Market Execution
• Regular/Islamic Account

Platinum

$2500 Minimum Deposit

• Spreads From 1.0 Pips
• Zero Commissions
• Leverage Upto 1:500
• Swap Free
• Market Execution
• Regular/Islamic Account

Diamond

$5000 Minimum Deposit

• Spreads From 0.7 Pips
• Zero Commissions
• Leverage Upto 1:500
• Swap Free
• Market Execution
• Regular/Islamic Account

ECN

$2500 Minimum Deposit

• Spreads From 0 Pips
• 10$ Commission
• Leverage Upto 1:500
• Swap Free
• Market Execution
• Regular/Islamic Account

ECN Pro

$5000 Minimum Deposit

• Spreads From 0 Pips
• 7$ Commissions
• Leverage Upto 1:500
• Swap Free
• Market Execution
• Regular/Islamic Account

Enclave FX Trading Platform

The trading platform is the software that traders use to execute their trades. Each broker reserves the right to offer their own preferred trading platform. Where some brokers offer a variety of third-party platforms, others prefer offering their own proprietary platforms, if they have one.

The MT5 platform is described as follows:

• Connects clients worldwide
• Know real time pricing when trading with the MT5 platform
• Fast order execution
• Flexible trading options
• Zero Restriction
• Best trading environment
• Monitoring the market with precision
• Popular trading platform anywhere, anytime

MT5’s trading tools include more than 80 built-in technical indicators, multiple timeframes, and an extensive range of charting tools. The platform’s user-friendly interface makes it easy for traders to analyze market data, manage orders, and execute trades with precision.

In addition to the desktop version of the MT5 platform, EnclaveFX also provides a mobile app for both iOS and Android devices. This allows traders to access their trading accounts and execute trades while on the go.

Payment Options

The minimum deposit amount is $50

Payment methods: Bank wire transfer, Bitcoin, India Cash

Enclave FX does not offer a sign-up bonus. No sign-up bonus, a welcome bonus, or a deposit bonus is offered to traders who register a real account with Enclave FX for the first time.

Is EnclaveFX Scam?

EnclaveFX can be considered a scam broker due to its unregulated status. Despite being registered in the UK, the broker lacks regulatory oversight from any international or local regulatory. 

Education Materials

The educational and research tools section of the broker impresses a wide majority of traders. The platform offers a comprehensive forex education section that includes articles, videos, and webinars on various aspects of trading, including risk management, technical analysis, and trading psychology.

Customer Support

EnclaveFX offers customer support via several channels, including phone, email, and live chat. Traders can contact the broker’s support team 24/5 with any questions or concerns. 

FAQs

Is EnclaveFX Free?

To access the live trading features, users need to deposit a minimum amount of money in their trading account. The platform does not charge any fees for opening or maintaining an account, but it may charge commissions on trades or spreads on certain currency pairs.

How To Trade On Enclave FX?

To trade on EnclaveFX, users need to create an account, deposit funds, select a trading platform, and start trading. The platform offers a variety of trading tools, including charts, technical analysis indicators, and risk management features. Traders can also use the platform’s copy trading feature to copy the trades of other successful traders.

Where To Download EnclaveFX App?

The broker offers mobile apps for Android and iOS devices, which can be downloaded from the Google Play Store and Apple App Store, respectively. The desktop version of the trading platform can be accessed through the EnclaveFX website.

Why Is EnclaveFX Login Fails Many Times?

There could be various reasons why EnclaveFX login fails, including incorrect login credentials, technical issues with the platform, or account verification problems. If users are experiencing login issues, they should contact EnclaveFX customer support for assistance.

Does EnclaveFx Copy Trading Feature Actually Work?

EnclaveFX copy trading feature allows users to automatically copy the trades of successful traders on the platform. The feature can be useful for novice traders or traders who want to diversify their portfolios. 

However, as with any trading strategy, there is no guarantee of profits, and users should carefully evaluate the performance of the traders they choose to copy.

How was Enclave FX rated against other brokers? 

This 2023 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on EnclaveFX broker performance and features. 

Overall our online Enclave FX review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online EnclaveFX or you find inaccurate details EnclaveFX  broker review please get in touch with us and the changes will be applied.