Eneca has been flagged by Finansinspektionen for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". Loan Fee Fraud
Eneca
Stockholm 10465
Sweden
Telephone: 0766925118
E-mail: [email protected] This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.eneca.se.
Eneca has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Intuitive for beginners|Fast deposits|Segregated accounts|API access
Cons: Would like more payment methods|Account statements could be more detailed
Eneca offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Low minimum deposit|Personal attention
Cons: Wait times can be long during peak hours
I was contacted by Eneca through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
I joined Eneca after a family member had a good experience and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Economic calendar|Dedicated account manager|Regular platform improvements|Transparent fees
Cons: Spreads widen during volatile periods
After seeing ads for Eneca online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Finansinspektionen. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Pros: Website looks legitimate on the surface
Cons: Flagged by Finansinspektionen|Cannot verify credentials
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Eneca said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Stable platform|Dedicated account manager|Personal attention|Comprehensive tools
Cons: Onboarding videos are outdated|Spreads widen during volatile periods
I looked into Eneca and found they appear in the regulatory warnings database. Finansinspektionen has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
If you are reading this considering Eneca - run. I wish I had read more negative reviews through word of mouth in my investment club. I thought the positive ones were real. Maybe some are. My experience over since mid-2025 has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Multi-currency support|Fast execution|Regular updates|Multiple order types
Cons: Research section could be deeper|No crypto staking
Eneca changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Fast deposits|Two-factor authentication|API access|Copy trading available
Cons: No fractional shares