Caibull
Caibull: full review of terms and risks
At a glance: what Caibull offers
Caibull offers Forex and CFD trading on MetaTrader 5 through four accounts: Cent, Pro, Raw and VIP. Cent starts at $10 and is limited to Forex and gold. The other accounts offer a wider CFD range, with different spreads, commissions 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 a phone, scroll the table sideways. Spreads are shown as minimums, not averages.
| 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, a maximum deposit of $1,000 and one account per client. The broker presents it as a way to trade micro-lots with a small balance.
- Pro: all available instruments, up to five accounts per client and a minimum trade size of 0.01 lot. There is no separate FX commission; costs include the spread.
- Raw: all available instruments, up to five accounts, a minimum trade size of 0.01 lot and a dedicated account manager. Commission is charged alongside the spread.
- VIP: all available instruments, up to five accounts, a minimum trade size of 0.01 lot and a dedicated account manager.
All four accounts are denominated in USD and use market execution. The broker offers CFDs on currencies, shares, indices, metals, energy and cryptocurrencies; Cent is limited to Forex and gold. Buying a share or crypto CFD does not give you ownership of the asset.
Sources: full comparison, Cent, Pro, Raw, VIP.
Costs: spreads, commission, swaps and payments
Raw: $4 per Forex lot plus the spread. Confirm how the commission is charged with the broker. Cent lists up to $0.10 without specifying the charging unit. Pro and VIP list 0% commission for FX only.
Pro, Raw and VIP list a $0.02 shares fee; confirm the charging unit in the instrument specification. All accounts advertise a swap-free option. Any holding charges depend on its terms. In addition to spreads and commission, allow for currency conversion and payment fees.
Under the agreement, an account becomes dormant after a month without financial transactions or trades being opened or closed. The monthly fee is $5 until the balance reaches zero. If less than $5 remains, the whole balance is charged. The broker may collect fees missed for technical reasons retroactively.
The agreement permits a price mark-up or mark-down, commission, or a combination, including on Raw. Accounts may be archived after 60 days of inactivity, with specific rules for pending orders. The balance is moved to the Client Area, and restoring the account is at the company's discretion.
Raw terms · Account and fee table · Account Opening Agreement: 13.10, 15.1-15.6, 16.1-16.6.
Leverage, margin and stop-out
Leverage of up to 1:2000 is not available on every account or instrument. In the dynamic model, it depends on net open lots in each instrument: the difference between long and short positions. For major FX pairs, the published tiers are 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 has a separate published limit of up to 1:1000; Raw lists up to 1:1500.
The maximum is 1:500 for metals, major indices and oil, and 1:10 for crypto. As net exposure grows, available leverage falls and the required margin rises. Both account and instrument limits apply to a trade.
The margin-call level is 50% on every account. Stop-out is 30% for Cent and Pro, and 20% for Raw and VIP.
The agreement provides for adjustment of the full negative balance caused by Stop Out. This provision covers that balance, not every possible debt, and does not reimburse a lost deposit.
Dynamic leverage and tiers · Margin levels · Account Opening Agreement: 17.4.
Platform and trading tools
Caibull uses MetaTrader 5, available on Windows, macOS, iOS and Android, and in a browser through WebTrader. The broker describes indicators, depth of market, stop-loss and take-profit orders, and Expert Advisors. Downloads link to MetaQuotes resources. To sign in, you need your MT5 trading-account number, its password and the Caibull server; your website password is not a substitute.
Contract size, permitted volume, trading hours and costs are listed in the instrument specification in Market Watch. The site also links to copy trading and PAMM. Strategy availability and any extra fees need to be checked separately.
Deposits and withdrawals: methods, timing and limits
The help centre lists Visa, Mastercard, bank transfers, crypto deposits and regional e-wallets. Availability depends on your country. Before transferring, confirm fees, timing and payment details with support, including the coin and network for crypto.
- Processing. Back-office hours are Monday-Friday, 08:00-17:00 GMT+2, or GMT+3 during daylight saving time. The withdrawal terms state same-business-day processing, or the next working day for requests made outside those hours. Bank crediting time is separate.
- Return method. Funds go back through the method used for the deposit. Card refunds cannot exceed the amount deposited from that card; any excess uses another method. An alternative withdrawal method is provided for expired cards and card deposits older than six months.
- Fees. The broker states that it charges no deposit or withdrawal fee of its own. Bank, gateway or card-company charges are paid by the sender or recipient. The broker may pass third-party costs to the client.
- Client checks. Withdrawals require completed KYC and account approval. Incorrect details, the wrong withdrawal method or missing documents can lead to cancellation. You will need to resubmit once the issue is resolved.
Keep payment confirmations and correspondence. Disputes follow the broker's complaints-handling procedure.
Caibull international card: what to clarify
The issuer, fees, eligible countries and usage rules for the Caibull international card remain unconfirmed. Until you have the current agreement and fee schedule, do not base your choice of broker on the card. Request the documents through official contacts.
Legal entities, licences and country restrictions
The published brokerage agreement names CAIBULL Ltd. The company lists registration HY01123442, MISA licence T2023415 and an address on Mohéli, Union of Comoros.
Finorka Ltd is listed separately as a group company: C186708, with claimed FSC Mauritius licence GB22200267. Cyprus-based Modisa Fintech Ltd, HE 441220, facilitates payments but does not provide trading terminals. Finorka's licence does not automatically cover an account with CAIBULL Ltd. The governing law and complaints process depend on the agreement with the specific company.
The broker lists the United States, Sudan, Syria, Iran, North Korea, Myanmar and the UAE as restricted jurisdictions. Acceptance of clients elsewhere depends on local restrictions and the broker's rules. The broker states that client funds are segregated; this is not a guarantee of compensation for losses.
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. The validity of the MISA and FSC licences has not been independently confirmed.
CAIBULL Ltd, MISA T2023415: register entry linked by Caibull. The broker publishes this link; licence validity has not been independently confirmed.
Features, limitations and risks
- For comparison: four accounts with different minimum deposits, MT5 across devices, published account conditions and withdrawal rules.
- Limitations: Cent offers only Forex and gold and has a deposit cap. Fees depend on the account and instrument, margin changes with exposure, and payment methods and services depend on location. AML/KYC rules require identity verification; this is not an anonymous trading service.
- Risk of loss: you can lose your deposit on a live account, including Cent. Leverage magnifies losses, while spreads and fees reduce trading results. Gaps or slippage can cause stop-loss and stop-out orders to execute at worse prices. Copy trading and automated systems can incur losses through trading or technical errors.
Under the contractual terms, the company may act as market maker and hold positions opposite to a client's. In those markets, it does not undertake to quote continuously with a specified maximum spread. The agreement also provides for implied costs that may not be visible to the client. Market execution in MT5 does not itself mean every trade goes to an exchange.
Account features · Terms of Business: 6.5-6.12 · Risk Disclosure (EN PDF) · AML & KYC Policy (EN PDF).
Who might consider Caibull
Caibull may be worth comparing with other brokers if you already use MT5 and understand how margin, fees and contractual jurisdiction affect your trading. Cent is an option for small Forex and gold trades, subject to its restrictions. If you need other CFDs, the choice between Pro, Raw and VIP depends on total trading costs and margin and stop-out rules.
Caibull is not suitable for buying cryptocurrency into your own wallet or trading anonymously without KYC. It is not a substitute for a bank deposit. Trading here requires an understanding of margin and stop-out. If you need protection in a particular jurisdiction, its applicability depends on the company in your agreement.
Before your first deposit
- Check whether the broker accepts residents of your country. Obtain the agreement naming the company, and read the risk warning and complaints procedure.
- Choose an account by instruments, total commission and stop-out level. Clarify the charging basis for fees and any costs under swap-free terms.
- Register and submit KYC documents. Confirm that the account is fully approved before funding it: withdrawals are unavailable without approval.
- Install MT5 from an official source and check the server and instrument specification. Never share passwords or 2FA codes, including with support.
- Confirm the funding method, payment details, limits, provider charges and withdrawal method. Keep the documents and payment identifier.
- Before trading, decide how much you can afford to lose and size the position accordingly. If a payment problem arises, give support the transaction date and identifier, not your login credentials.
Support and available material
Caibull advertises 24/5 support. The help centre covers account access, MT5, payments and security; the site also has an Academy and risk calculators. For a payment query, have the transaction date and identifier ready. Do not share passwords or one-time codes.
Bonuses and individual terms
The agreement provides for a Trading Rebate: a share of the spread calculated from trading volume. The company may grant it at its discretion on a client's request. Eligible accounts are shown in the Client Area. Obtain written terms for any bonus, spread rebate or personal discount, including restrictions and any effect on withdrawals.
Public account terms · Account Opening Agreement: 13.8 · Contract documents.
Verdict and editorial score
The choice of Caibull account depends primarily on instruments and costs. Cent is limited to Forex and gold, Pro has no separate FX commission, Raw combines spreads with commission, and VIP has a different entry deposit and spread. Beyond trading fees, the agreement includes a dormancy charge. Withdrawal rules and legal entities are covered above; the international card terms remain unconfirmed.
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 offers Forex and gold, has a $1,000 maximum deposit and allows one account per client. Pro, Raw and VIP have different minimum deposits.
How should I compare Pro and Raw?
Pro lists spreads from 1.7 pips with 0% FX commission; Raw lists spreads from 0.0 pips plus $4 per FX lot. Confirm how Raw commission is charged with the broker. Compare costs for the same instrument and trade size.
Is 1:2000 leverage always available?
No. It is the dynamic model's maximum for major FX pairs at the lowest volume tier. Leverage depends on the account, instrument and net exposure. Pro and Raw list separate limits.
Which platform is available?
MetaTrader 5 on desktop, mobile and in a browser.
How fast are withdrawals?
The withdrawal terms state same- or next-working-day processing, depending on when you submit the request. Bank crediting time is separate. Processing requires completed KYC and correct request details.
Are withdrawals really free?
The broker states that it charges no fee of its own. A bank, gateway or card company may charge fees payable by the client, including costs passed through the broker.
Can profits go back to the same card?
Card refunds are capped at the amount deposited from that card. Profits and any other excess need a different withdrawal method. Expired cards and card deposits older than six months also require another method.
Can I use the service without documents?
No. Opening an account requires identity verification, and withdrawals also require account approval. Funding with crypto does not remove KYC requirements.
Are international card terms confirmed?
No. The issuer, fees, eligible countries and usage rules remain unconfirmed. Ask support for the current card agreement and fee schedule first.
Whose licence does the site describe?
The broker lists MISA T2023415 for CAIBULL Ltd and an FSC Mauritius licence for the separate group company Finorka Ltd. Finorka's licence does not automatically cover an agreement with CAIBULL Ltd. Licence validity has not been independently confirmed.
Is it suitable for buying cryptocurrency?
A CFD is not suitable for receiving coins into your own wallet: it gives exposure to price changes, not the cryptocurrency itself. A crypto deposit is a separate payment transaction; confirm the coin and network before sending it. Cent offers only Forex and gold.
Where should a beginner start, and what does 9.0 mean?
Start by understanding margin, trading costs and possible losses. The 9.0 score is editorial opinion, not a guarantee of results. Do not transfer money you cannot afford to lose.
Links to the account terms and payment rules are collected below.
Sources
Review updated: 2026-10-22. The review is based on Caibull's published pages and documents; the PDFs are in English. We did not open an account or test trade execution, support or withdrawals.
- 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