FSA licence SD213

By email at wecare@caveofx.com, by telephone on +44 7447 190930, or through the contact form on the site. Published hours are Monday to Friday, 9:00 to 18:00 Seychelles time, with 24/5 cover advertised while markets are open. No live chat is published.

The broker states that its products are not intended for residents of the United States or any other restricted jurisdiction, and may be accessed only where local law permits. It advertises service in more than 50 countries. Because the licence is Seychelles-only, it holds no permission to solicit clients in regulated markets such as the United Kingdom, the European Union or Australia.

There is no evidence of fraud, and the licence it advertises is real and matches the operating company. But it is an offshore broker with a short verifiable history, so it should be treated as high risk rather than proven safe: client money sits under a regime with no compensation scheme, and independent confirmation of its size and track record is not available. Trade only with money you can afford to lose and withdraw profits regularly.

Pricing is variable. On the entry-level tier the site quotes EUR/USD from 3 points on five-digit pricing, roughly 0.3 pips, with USD/CHF and NZD/USD also from 3 and GBP/USD from 4. Exotic pairs are far wider. The Core account applies zero margin on the first 2.5 lots. All figures are stated to vary with market conditions.

Yes. An Islamic option is published on the Core account. The site does not publish the administration charges, if any, that replace overnight swap on that option, so ask before opening one.

The published instrument list covers 35 currency pairs, 12 cryptocurrencies, 59 share CFDs, 4 indices, 6 commodities, 6 futures, 3 commodity futures and 2 special instruments. Spreads and commissions are shown per instrument and differ between the Rapid, Core and VIP tiers.

The published times are 24 hours for cryptocurrency and e-wallet payouts, one to three business days for bank wires, and three to five business days for card refunds, which must be returned to the card originally used. Wire, card and e-wallet withdrawals are advertised as free; crypto withdrawals carry network fees.

MetaTrader 5 only. Windows, Mac and Linux downloads are published on the trading accounts page, and the company also publishes its own mobile application for iOS and Android. There is no MetaTrader 4 and no cTrader.

Up to 1:200 on the Rapid account. The Core account uses what the broker calls dynamic leverage, which varies with position size, and VIP leverage is agreed individually. High leverage magnifies losses as well as gains, and the offshore licence carries no statutory negative balance protection.

50 USD on the entry-level Rapid account. The Core account starts at 250 USD and the VIP account at 50,000 USD. Individual funding channels have their own minimums: 50 USD by card or e-wallet, 100 USD by cryptocurrency and 500 USD by bank wire.

The website is operated by Caveo FX Limited, a Securities Dealer registered in the Republic of Seychelles under company number 810628-1, with a registered office at IMAD Complex, Office 9, 3rd Floor, Ile Du Port, Mahé, Seychelles. The same company is named as the licensee on the FSA licence, so the brand, the operator and the licensee all match. No parent company or ultimate owner is disclosed on the site.

Yes, but only offshore. Caveo FX Limited holds Securities Dealer licence number SD213 from the Financial Services Authority of Seychelles, issued under the Securities Act 2007. That is a genuine dealer authorisation, not a company registration, and it is the only licence the broker claims. It is a low-tier regime: there is no investor compensation fund and no onshore ombudsman behind it.