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Caveo Review - is it scam or safe?

Caveo Review - Is scam or good forex broker?

RATING: 1.5 / 1 REVIEWS ForexBrokerz Caveo
Caveo is an offshore broker. Your money is not safe.


Trading Accounts & Conditions


Account type  Minimum deposit Maximum leverage Spread
MT4 $250 1:400 From 1.7 pips*
MT5 $250 1:400 From 1.0 pips*

*these are the levels we saw at each platform’s demo account. We aren’t certain what levels a real account holder will get.


Caveo Brokerage is a forex and CFD broker in Kuwait. They target mostly the local market and put a great emphasis on educating clients. While their offers seems very attractive, especially for newcomers to the world of trading, there are a few issues which we have with them. Read the full review to see what they are.


Caveo Advantages


Tools suited for Arab speaking clients

Caveo does an exceptional job at providing extra material for their clients. The company has an online academy, a YouTube channel and even a dedicated mobile app called Caveo Plus.




As we don’t speak Arabic, we can’t judge the quality of their content, but the fact they are willing to provide a localized service is nice.


MT4 and MT5 offered

Caveo supports both versions of the popular trading platform MetaTrader. This is the industry Standard when it comes forex. The charts are some of the best in the business, the software is light on the hardware and there are mobile and web versions also available. The most unique thing about MetaTrader is the support for Expert Advisors and custom technical indicators, which is done via the proprietary coding environment. Here is a preview of the MT5 platform offered by this company:


Caveo’s MetaTrader5


>>Find other MT5 brokers here<<


Competitive spreads in the demo accounts

The demo accounts for both platforms revealed very nice spreads. Even the “worse” ones which we saw, when testing MT4 – around 1.7 pips for EUR/USD are still acceptable. That being said, the company doesn’t officially mention the trading conditions provided.


>>Live account spreads, from some of the industry-leading brokers<<


Leverage as high as 1:400

Trading on margin is risky. While all brokers reiterate this, we also feel the need to mention it, as newcomers to trading frequently loose their entire accounts as they simply open too large positions for their investment. With that in mind and presuming you follow risk management rules, Caveo will provide enough leverage to suit any trading style.


Caveo Disadvantages


Only Ministry of Commerce and Industry registration

Caveo is registered in Kuwait and registered with the local Ministry of Commerce and Industry. While we aren’t experts in the country’s legal system, we know the Capital Markets Authority (CMA) is the place where a financial services intermediary should be licensed. This means, in the context of forex brokers, Caveo is unregulated. 


Targeting the Arab market

This will obviously only be an issue for non-Arab clients. While the company’s English website is fully functional and they will probably accept clients from across the globe, their service is specialized towards the locals. In essence, this isn’t a problem with the company, but a deliberate strategic choice.


Issues with MT4

While we provided the MT5 screenshot in the “advantages” section, the MT4 platform provided by this broker wasn’t operating as smoothly. Spreads were significantly higher, and executing an order was impossible (due to lag or a technical issue with their server). Here is a preview of the waiting screen:


After several minutes of waiting our order wasn’t executed


Instruments and conditions not presented

Caveo Brokerage doesn’t provide a detailed list of all the assets which can be traded. The website also has a cryptocurrency offer, which is apparently related to CFDs, but this also isn’t obvious at first sight.


$250 minimum deposit 

This may not seem like that high of an entry barrier to some clients, but other brokers accept even smaller clients. Remember to never risk more than you are comfortable loosing.


Only classic payment methods (+ a local one)

Caveo accepts Bank Transfers and Credit Card payments. The local Knet system (which we aren’t familiar with) is also supported. This offer isn’t that bad, but more internationally popular e-wallets like Skrill aren’t available,




Caveo Brokerage is a Kuwait-based forex and CFD broker, which mostly targets Arab-speaking clinets. The company is registered with the local Ministry of Commerce and Industry, but not with the Capital Markets Authority (CMA). This fact makes us doubt their offer, despite the nice demo trading environment. 


Financial regulation will always be the key factor for us, when comparing forex brokers. Caveo is basically registered as a legal entity, but not overseen by the appropriate commission.  We like to recommend brokers, which are monitored by reputable financial regulators, like the UK’s Financial Conduct Authority (FCA).


>>FCA-regulated brokers can be found here<<


Such a company must provide a fair trading environment, always honor client withdrawal requests and follow strict rules. Client funds must be segregated from the firm’s other balances, by special banking rules. On top of that, all FCA brokers are a part of the Financial Services Compensation Scheme (FSCS), a system which protects traders (for up to £50,000), if their broker goes bankrupt.


The main points about Caveo Brokerage:


Pros Cons
Tools suited for Arab speaking clients Only Ministry of Commerce and Industry registration
MT4 and MT5 offered Targeting the Arab market
Competitive spreads in the demo accounts Issues with MT4
Leverage as high as 1:400 Instruments and conditions not presented
  $250 minimum deposit 
  Only classic payment methods (+ a local one)


Latest news about Caveo
No news about Caveo. Check back later.
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Reply on review

Dear All

Thanks for taking the time to review our company.
We always open to hear our weakness before our strength points.

We appreciate your team efforts to evaluate the company services and I would like to invite you to re-evaluate the system after major improvements were applied.

system could get some technical issues and we take this issues very series to make sure the clients trading environment is not effected.

I'm confident that the system we been able to provide to investors and the trading services around it is not bad. so I took the chance to contact you and offer even a real trading account for testing purposes and excited to hear a second review from you.

Hossam El Kashif
Caveo Brokerage

Hossam ElKashif 05/15/2019
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