Caibull
Caibull: full review of terms and risks
At a glance: what Caibull offers
Caibull offers Forex and CFDs on MetaTrader 5, four accounts named Cent, Pro, Raw and VIP, and a $10 entry deposit on Cent. The main choice is between Cent with Forex and gold and the broader CFD range on the other accounts, followed by comparison of spreads, commission and margin requirements.
The 9.0/10 score reflects editorial opinion, not customer reviews or a guarantee of reliability. Your account terms, costs and contractual protections matter more when choosing a broker.
Accounts: Cent, Pro, Raw and VIP
On narrow screens, scroll the table horizontally. “From” figures are neither average spreads nor a promise of execution at that price.
| Account | Deposit from | Spread from | FX commission | Leverage |
|---|---|---|---|---|
| Cent | $10 | 1.2 pips | up to $0.10 | Dynamic |
| Pro | $25 | 1.7 pips | 0% | 1:1000 |
| Raw | $100 | 0.0 pips | $4 per lot | 1:1500 |
| VIP | $200 | 0.8 pips | 0% | Dynamic |
- Cent: Forex and gold, maximum deposit $1,000, one account per client. The broker positions it for micro-lots and a small starting balance; it is not a risk-free learning product.
- Pro: all available instruments, up to five accounts, minimum trade size 0.01 lot. It provides a spread-based model without a separate FX commission to compare with Raw, not free trading.
- Raw: all available instruments, up to five accounts, 0.01 lot, and a dedicated account manager. Raw spreads come with commission; a lower spread alone does not establish a lower total cost.
- VIP: all available instruments, up to five accounts, 0.01 lot, and a dedicated account manager. The VIP label and higher entry deposit do not establish stronger protection of funds.
All four account types use USD and market execution. Forex, shares, indices, metals, energy and crypto are presented as CFDs; Cent does not offer the entire range. A share or crypto CFD is not ownership of the underlying asset.
Sources: full comparison, Cent, Pro, Raw, VIP.
Costs: spreads, commission, swaps and payments
Raw FX commission is $4 per lot. The terms do not specify whether this is per side or per completed round trip; do not double it or treat it as a complete round-trip cost without confirmation. Cent lists “up to $0.10” without sufficient detail about the charging basis. Pro and VIP list 0% on FX, not on every instrument.
Pro, Raw and VIP list a $0.02 shares fee; confirm its unit and charging basis in the symbol specification. A swap-free option is advertised for all accounts, but that does not prove the absence of every overnight cost. Before trading, check the actual spread, commission, swap or swap-free conditions, currency conversion and payment-provider charges.
Compare the same instrument, size, trading time and holding period. A zero minimum spread alone does not show average trading costs or execution quality.
Contractual costs outside trading: Account Opening Agreement, clauses 16.1-16.6, classifies an account as dormant after one month without financial transactions or opening/closing trades. It specifies a $5 monthly fee until the balance reaches zero; a smaller remaining balance is charged in full. The broker reserves the right to apply fees missed for technical reasons retroactively. This matters for a small unused balance, not just active trading. Check the applicable agreement version and account-closure procedure.
Account Opening Agreement, clause 13.10, also permits mark-up/mark-down, commission or a combination; Raw marketing does not replace the applicable tariff. Clauses 15.1-15.6 separately provide for archiving after 60 days of inactivity with specific rules for pending orders; the balance is transferred to the Client Area, and restoration is at the company’s discretion. For a long pause, clarify account closure and treatment of the remaining balance rather than assuming no costs.
Raw terms · Account and fee table · Account Opening Agreement: 13.10, 15.1-15.6, 16.1-16.6.
Leverage, margin and stop-out
Up to 1:2000 does not mean that leverage is available on every account or instrument. In the dynamic-leverage model, the maximum depends on net open lots per symbol — the difference between long and short positions. For major FX pairs it publishes tiers of 0-5 lots up to 1:2000, 6-10 up to 1:500, 11-20 up to 1:300, and 21-50 up to 1:200. Pro separately lists up to 1:1000 and Raw up to 1:1500; confirm the applicable parameters for your account.
Maximum leverage is 1:500 for metals, major indices and oil, and 1:10 for crypto. These are published model ceilings, not a personal offer. Increasing net exposure reduces leverage and raises margin requirements. Account conditions and the symbol specification matter more than the headline maximum.
The margin-call level is 50% for all account types, with stop-out at 30% for Cent/Pro and 20% for Raw/VIP. Stop-out does not guarantee preservation of the remaining balance: a gap or slippage can worsen the closing price. A small deposit does not automatically make market risk acceptable.
Account Opening Agreement, clause 17.4, provides for adjustment of the full negative balance caused by Stop Out. This provision concerns a balance caused by Stop Out, not unconditional protection against every debt. Confirm its applicability to your account; it does not reimburse the loss of a positive deposit.
Dynamic leverage and tiers · Margin levels · Account Opening Agreement: 17.4.
Platform and trading tools
Caibull offers MetaTrader 5 for Windows, macOS, browser-based WebTrader, iOS and Android. It describes indicators, depth of market, stop-loss, take-profit and Expert Advisors. Download links lead to MetaQuotes resources; signing in requires the MT5 trading-account number, password and correct Caibull server, not simply the website password.
Before placing an order, open the symbol specification in Market Watch and check contract size, permitted volume, trading hours and costs. The page also links to copy trading and PAMM. The links do not establish manager returns, availability of a particular strategy to a client or absence of extra charges. Automation does not remove errors or loss risk.
Deposits and withdrawals: methods, timing and limits
The help centre lists Visa, Mastercard, bank transfers, crypto deposits and regional e-wallets. Not every method is necessarily available in your country. Confirm fees and processing times with support and in Withdrawal Conditions. Confirm the available coins, networks and payment details before transferring.
- Withdrawal Conditions, clause 3.1: back-office hours are Monday-Friday 08:00-17:00 GMT+2/GMT+3 DST, with stated processing the same business day or the next working day for requests outside working hours. Request processing is not the bank’s crediting time and is not a withdrawal guarantee.
- Clauses 3.2-3.6: the default is return through the original method; card refunds cannot exceed the amount deposited, with excess sent through an alternative method. Expired cards and card deposits older than six months have restrictions and an alternative route.
- Clause 3.7: the broker states it does not charge its own deposit or withdrawal fee, but gateway, bank and card-company charges fall on the sender/recipient, and third-party costs may be passed to the client. “No fee” therefore does not mean zero total cost.
- Clause 3.9 and section 4: a partially approved client cannot withdraw until KYC documentation and account approval are complete. Incorrect details, the wrong method or missing requested documents can lead to cancellation and a need to resubmit.
Retain transaction confirmations and correspondence; section 5 points to the complaints procedure for disputes.
Caibull international card: what to clarify
Caibull international card terms need to be confirmed separately: the issuer, fees, eligible countries and usage rules remain unconfirmed. Do not choose the broker for a card before obtaining the current agreement and fee schedule. Request them through official contacts.
Legal entities, regulation and geography
The broker lists CAIBULL Ltd as its brokerage-services provider: registration HY01123442, MISA licence T2023415, with an address on Mohéli, Union of Comoros. Licence validity and fund protection have not been confirmed by an independent registry check.
Finorka Ltd is described separately as a group company, C186708, with claimed FSC Mauritius licence GB22200267. Modisa Fintech Ltd, HE 441220 in Cyprus, is listed as facilitating payments, not operating trading terminals. A group relationship does not transfer a company’s licence or protections to every agreement under the Caibull brand. Check the exact entity in your agreement, complaint process and governing law before funding.
The published restricted list includes the United States, Sudan, Syria, Iran, North Korea, Myanmar and the UAE. Absence from that list does not guarantee onboarding or legality for a client. The broker also states that client funds are segregated. This is not a compensation guarantee.
Entities and restrictions · Document parties, section 1 · Agreements and policies.
Licences: entity-specific documents
CAIBULL Ltd — MISA T2023415: broker agreement, section 1 (PDF, EN)
Finorka Ltd — FSC Mauritius GB22200267: group information in broker terms, section 1.2 (PDF, EN)
Finorka Ltd — own website and licence particulars
These are company documents and statements, not regulator extracts. Independent confirmation of the MISA and FSC records was unavailable. The published Caibull agreement names CAIBULL Ltd; Finorka’s licence does not establish protection for an account with CAIBULL Ltd. Check the party to your own agreement before funding.
Features, limitations and risks
- Features to compare: different entry deposits, MT5 across devices, a published account table and separate withdrawal rules. These are useful comparison points, not evidence of superiority over competitors.
- Product limitations: Cent is restricted to Forex and gold with a deposit cap; fees depend on account/instrument, margin is dynamic, availability is regional and identity verification is required. Privacy is not anonymity: the AML/KYC policy provides for identity checks.
- Market risks: leverage magnifies losses, gaps and slippage can worsen stop execution, and spreads and fees reduce results. Stop-loss orders and market execution do not guarantee a selected price.
- Reliability cannot be judged from a service description alone. This review provides no independent reserve audit or withdrawal statistics; promises of speed or safety are not a substitute for those data.
Conflict of interest: Terms of Business, clauses 6.5-6.12, allows the company to act as market maker and hold positions opposite to clients. For those markets, the document does not promise continuous quotes with a defined maximum spread and describes implied costs not always visible to the client. MT5 market execution does not establish an agency-only model routing every trade to an exchange.
Account features · Terms of Business: 6.5-6.12 · Risk Disclosure (EN PDF) · AML & KYC Policy (EN PDF).
Who may find it suitable, and who may not
An experienced MT5 user who can assess margin, costs and contractual jurisdiction may include Caibull in a comparison shortlist. For small live exposure to Forex/gold, Cent has a clear published entry deposit but a restricted instrument range. For a wider CFD range, compare Pro, Raw and VIP on total costs and risk rules first.
It is not a substitute for a bank deposit, guaranteed income, buying coins into your own wallet, anonymous no-KYC trading or choosing a broker solely for an unverified card. A beginner unfamiliar with margin and stop-out should not treat $10 as permission to take risk. A client requiring specific local protections must first confirm that those protections apply to the contracting entity.
Practical process before the first transfer
Before the first transfer, check the account terms, documents and return-withdrawal route. Approval depends on the broker’s rules and client checks.
- Check eligibility for the country of residence, obtain the agreement naming the precise entity, and read the risk and complaint procedures.
- Compare accounts by instruments, commission and stop-out; clarify missing fee units and swap-free rules.
- Register and provide KYC documents. Confirm full approval before transferring, because approval affects withdrawal eligibility.
- Install MT5 from an official source, check the server and symbol specification, and never share passwords or 2FA codes with support.
- Before funding, confirm the method, details, limits, provider charges and return-withdrawal route. Keep documents and the transaction identifier.
- Before trading, decide the acceptable loss and position size. For a payment problem, send support the date and transaction identifier, not secret login information.
Support and available material
The broker advertises support 24/5. The help centre contains access, MT5, payment and security material, and site navigation includes an Academy and risk calculators. Support hours do not guarantee response times, and the presence of learning material does not establish its quality. For a specific payment query, help asks for the transaction date and identifiers. Never disclose passwords or one-time codes.
Bonuses and individual terms
Account Opening Agreement, clause 13.8, permits the company, at its discretion and on a client request, to share a Trading Rebate, a percentage of the spread calculated from trading volume. Eligible accounts are shown in the Client Area. This is a conditional possibility in the document, not a promise of a current offer for every client. For any bonus, rebate or personal discount, obtain written rules, restrictions and withdrawal effects before accepting; the VIP label alone does not determine them.
Public account terms · Account Opening Agreement: 13.8 · Contract documents.
Verdict and editorial score
Useful parts of the public offer for comparison are four differentiated accounts, MT5, visible base fees and separate withdrawal rules. Key trade-offs are leverage risk, the gap between headline maximums and a particular account, required KYC and the need to check contractual protections. The international card is not part of the rationale. A choice should depend on verified terms for your account, not merely a ranking position.
Editorial scores: overall 9.0/10; reliability 9.2, platforms 9.0, trading conditions 8.8, support 9.1, education 8.7. These are subjective opinions, not reliability measurements, customer reviews or personal advice. Consider the costs, risks and terms of your own agreement.
Frequently asked questions
Which account starts at $10?
Cent: Forex and gold, a $1,000 maximum deposit and one account per client. $10 is not the minimum for Pro, Raw or VIP and does not make trading safe.
How should I compare Pro and Raw?
Pro lists spreads from 1.7 pips and 0% FX commission; Raw lists from 0.0 plus $4 per FX lot. Compare the total cost on the same symbol and clarify whether commission applies per side or round trip. Minimum spreads alone do not decide the winner.
Is 1:2000 leverage always available?
No. It is the upper dynamic-model limit for major FX pairs at the lowest volume tier. Account, instrument and net-exposure restrictions apply, and Pro and Raw publish separate limits.
Which platform is available?
MT5 for desktop, mobile and browser. A chart or calendar on a website does not establish support for another trading terminal.
How fast are withdrawals?
Clause 3.1 of Withdrawal Conditions states processing the same or next working day depending on request timing. This is not a guaranteed crediting time: KYC and request accuracy affect processing.
Are withdrawals really free?
Under clause 3.7 the broker states no fee of its own, but the bank, gateway or card company may impose charges. Such costs can be passed to the client; confirm the full amount beforehand.
Can profits go back to the same card?
The document caps card refunds at the initial deposit amount. Excess requires an alternative method. Expired cards and deposits older than six months have separate restrictions.
Can I use the service without documents?
There is no basis to promise this. Onboarding includes identity verification, and withdrawal clause 3.9 requires KYC and account approval. Privacy and crypto funding do not mean anonymity.
Are international card terms confirmed?
The issuer, fees and eligible countries remain unconfirmed. Ask support for current terms and obtain the agreement before choosing the broker for a card.
Whose licence does the site describe?
The broker claims MISA T2023415 for CAIBULL Ltd. Finorka Ltd is separately described as a group company with FSC Mauritius regulation. This is neither an independent registry check nor transfer of Finorka protections to every agreement.
Is it suitable for buying cryptocurrency?
A crypto CFD and a crypto deposit are different operations. A CFD does not deliver coins to your own wallet. Confirm supported coins, network and account conditions before transferring; Cent is restricted to Forex and gold.
Where should a beginner start, and what does 9.0 mean?
Start with understanding margin, trading costs and the possibility of losing money, not a ranking score. 9.0 is editorial opinion, not a performance guarantee. Do not use money you cannot afford to lose.
The account and payment terms behind these answers are linked below.
Sources
Updated: 2026-10-22. Sources are Caibull pages and documents; PDFs are in English. This review covers public terms: no account was opened, and execution, support and withdrawals were not tested. Terms may change — check the latest version and your agreement before deciding.
- Account comparison, fees and margin
- Cent, Pro, Raw, Vip
- Dynamic leverage
- MT5 and setup
- Deposits and withdrawals
- Withdrawal Conditions: 1, 3.1-3.9, 4, 5
- Entities and geography
- Contract-document listing
- Risk Disclosure and Warning Notice
- AML & KYC Policy
- Terms of Business
- Account Opening Agreement
- Support and request for card terms