What Account Types and Fees Does Caveo Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Elite Account |
Experienced traders with higher capital |
Low spreads from 1.4 pips, leverage up to 1:400 |
Minimum deposit of $250 required |
| Prime Account |
Professional traders and institutions |
Very low spreads from 0.8 pips, advanced trading conditions |
Minimum deposit of $25,000 required |
| Demo Account |
Beginners and new traders |
No risk trading environment, practice with virtual funds |
Available for all users; no minimum deposit |
Account Opening Process
To open an account with Caveo, follow these steps:
1. Submit your personal information, including your name, date of birth, and contact details.
2. Provide employment details and financial background to assess your trading experience.
3. Upload identity verification documents, such as a government-issued ID and proof of address (like a utility bill).
4. After completing these steps, you can choose your account type. Note that you can upgrade to a professional account later if you meet the requirements.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (Elite: $3.5/lot) |
Tight spreads for premium accounts |
| Forex (GBP/USD) |
1.0 |
$0 (Elite: $3.5/lot) |
Competitive rates for major pairs |
| CFDs (Stocks) |
Varies (typically 0.1 – 0.5%) |
$10 per lot |
Standard rates apply to major stocks |
| CFDs (Indices) |
1.5 |
$0 |
No commission for index trading |
| CFDs (Commodities) |
2.0 |
$0 |
Standard rates apply to commodities |
Other Fees
Caveo has various other fees that traders should be aware of, including:
– Deposit/withdrawal fees: Free for bank wire transfers, other methods may incur charges.
– Inactivity fees: Charged after a period of inactivity (specific duration not disclosed).
– Platform usage fees: None for standard accounts, premium accounts may have additional benefits.
– Overnight interest (swap rates): Applicable for positions held overnight; rates vary based on asset class.
– Currency conversion fees: Charged on conversions to and from different currencies during trading.
