Score

1.66 /10
Danger

Kudotrade

Saint Lucia

Within 1 year

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

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Score

Regulatory Index0.00

Business Index3.86

Risk Management Index0.00

Software Index7.73

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Kudo Trade Ltd

Company Abbreviation

Kudotrade

Platform registered country and region

Saint Lucia

Company website

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Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Kudotrade · Company summary
Kudotrade Review Summary
Founded2024
Registered Country/RegionSaint Lucia
RegulationUnregulated
Market Instruments250+, stocks, indices, commodities, forex, cryptos, metals
Demo Account
LeverageUp to 1000:1
SpreadFrom 0.7 pips (Standard account)
Trading PlatformMetaTrader 5
Min Deposit$50
Customer SupportLive chat
Tel: +44 208 068 2740
Email: contact@kudotrade.com
Twitter, Facebook, Instagram, YouTube and Linkedin
Address: Floor 38, Media One Tower, Dubai, UAE
Regional RestrictionsThe United States, United Arab Emirates

Kudotrade was registered in Saint Lucia in 2024 but not regulated. It supports a variety of trading instruments, allows for the opening of virtual accounts, and uses MT5 as its trading platform. Its leverage can reach up to 1:1000, with a minimum deposit of $50, and it also claims to offer low spreads.

Kudotrade's homepage

Pros and Cons

ProsCons
250+ tradable instrumentsNew to the market
Demo accountsUnregulated
Flexible leverage ratiosUnknown payment methods
Commission-free account offeredRegional restrictions
Support MT5
Acceptable minimum deposit
Live chat support

Is Kudotrade Legit?

No, Kudotrade is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.

No license
Domain information

What Can I Trade on Kudotrade?

Kudotrade offers over 100 stocks, over 10 indices, commodities, 90+ forex pairs, over 30 cryptos and metals.

Tradable InstrumentsSupported
Stocks
Indices
Commodities
Forex
Cryptos
Metals
Bonds
Options
ETFs
What Can I Trade on Kudotrade?

Account Type

Kudotrade offers two types of live accounts and allows for the opening of demo accounts.

Account TypeStandardPro
Base CurrenciesGBP, EUR, USDGBP, EUR, USD
Min Deposit$50$5,000
Execution TypeSTPECN
Account comparison

Leverage

Kudotrade offers different maximum leverage ratios for different asset classes.

Asset ClassLeverage
Forex1:1000
Stocks
Commodities
Metals
Indices1:200
Crypto1:10

Spread and Commission

Spreads and commissions vary on the account type.

Account TypeSpreadCommission
STANDARDFrom 0.7 pips
PROFrom 0 pips$8 per lot

Trading Platform

Kudotrade uses MT5 as a trading platform.MT5 is developed by MetaQuotes Software Corp. This company has rich experience in the field of financial trading software. MT5 is a product upgraded and expanded on the basis of the success of MT4 (MetaTrader 4), aiming to provide more advanced and flexible trading solutions for global investors and financial institutions.

Trading PlatformSupportedAvailable DevicesSuitable for
MT5/Experienced traders
MT4/Beginners
MT5

News

NewsKudotrade Launch Copy Trading App

Introducing the Kudo Copy Trader: Revolutionising Investment OpportunitiesIn the dynamic world of trading, innovation is paramount. At Kudotrade, we are dedicated to empowering our clients with cuttin

WikiFX
2024-10-06 17:38
Kudotrade Launch Copy Trading App

NewsKudotrade Launch It's New WebTrader

Kudotrade have now launched their custom web trader into their client portal!

WikiFX
2024-08-06 22:40
Kudotrade Launch It's New WebTrader

NewsKudotrade Available Asset Classes

Kudotrade has launched with over 250 tradable assets on it's innovative & advanced trading platform!

WikiFX
2024-08-06 22:22
Kudotrade Available Asset Classes

ExposureKudotrade: A Comprehensive Overview

Kudotrade, a relatively new player in the forex trading arena, has been operating for less than a year. Registered in Saint Lucia, the broker is a trading name of Kudo Trade Ltd. Despite its efforts to present itself as a versatile trading platform, Kudotrade faces significant challenges that prospective traders should be aware of.

WikiFX
2024-07-29 15:02
Kudotrade: A Comprehensive Overview

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