ANSWER Dear Investor,
Caveo claims to be an authorized brokerage company located in Kuwait and licensed by the country's Ministry of Trade and Industry, offering various investment products such as Forex, Commodities, and Indices. However, it fails to provide details of any specific financial services licenses. It is a fundamental requirement that any company offering financial services must hold a valid financial license in its country of operation.
Upon investigation, we found that Caveo Brokerage Company is not authorized or regulated by the Capital Markets Authority of Kuwait, the relevant financial regulator.
The reality is that Caveo Brokerage Company is not regulated by any legitimate financial authority. Allowing it to hold or control investor funds is unsafe, as the money cannot be protected by any laws. Thereforex, we strongly advise against trading with this broker.
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