Caveofx

Based on its operational profile, Caveofx presents significant reliability concerns. According to WikiFX data, its overall SkyEye risk score is 3.16 out of 10, indicating a high-risk profile. The broker has been in operation for less than a year and holds only an offshore derivatives license from the Seychelles FSA. This means it lacks direct supervision from major global financial authorities, which is a critical safety consideration for traders.

Caveo FX Limited holds a single regulatory license. It is authorized by the Seychelles Financial Services Authority (FSA) under license number SD213 as a "Derivatives Trading License (EP)." This is classified as an offshore regulation. Notably, the broker does not hold any licenses from top-tier regulators such as the UK's FCA, Australia's ASIC, or the EU's CySEC, which limits the level of investor protection and oversight.

The minimum deposit requirement at Caveofx varies by account type. Its most basic account, the Standard account, requires a minimum entry deposit of $100. Other account types, such as the Adventure account, have a higher minimum deposit of $250.

WikiFX assessment indicates that Caveofx currently does not support the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms. The absence of these industry-standard platforms may limit trading tool availability and user experience for many traders.