Score
Kudotrade
Saint Lucia|Within 1 year| https://www.kudotrade.com
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
United KingdomContact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Saint Lucia
Within 1 year Suspicious Regulatory License MT5 Full License Regional Brokers High potential riskAccount Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
kudotrade.com
Server Location
United States
Website Domain Name
kudotrade.com
Server IP
162.159.135.42
Company Summary
| Kudotrade Review Summary | |
| Founded | 2024 |
| Registered Country/Region | Saint Lucia |
| Regulation | Unregulated |
| Market Instruments | 250+, stocks, indices, commodities, forex, cryptos, metals |
| Demo Account | ✅ |
| Leverage | Up to 1000:1 |
| Spread | From 0.7 pips (Standard account) |
| Trading Platform | MetaTrader 5 |
| Min Deposit | $50 |
| Customer Support | Live 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 Restrictions | The 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.
Pros and Cons
| Pros | Cons |
| 250+ tradable instruments | New to the market |
| Demo accounts | Unregulated |
| Flexible leverage ratios | Unknown payment methods |
| Commission-free account offered | Regional 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.
What Can I Trade on Kudotrade?
Kudotrade offers over 100 stocks, over 10 indices, commodities, 90+ forex pairs, over 30 cryptos and metals.
| Tradable Instruments | Supported |
| Stocks | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Forex | ✔ |
| Cryptos | ✔ |
| Metals | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Kudotrade offers two types of live accounts and allows for the opening of demo accounts.
| Account Type | Standard | Pro |
|---|---|---|
| Base Currencies | GBP, EUR, USD | GBP, EUR, USD |
| Min Deposit | $50 | $5,000 |
| Execution Type | STP | ECN |
Leverage
Kudotrade offers different maximum leverage ratios for different asset classes.
| Asset Class | Leverage |
| Forex | 1:1000 |
| Stocks | |
| Commodities | |
| Metals | |
| Indices | 1:200 |
| Crypto | 1:10 |
Spread and Commission
Spreads and commissions vary on the account type.
| Account Type | Spread | Commission |
|---|---|---|
| STANDARD | From 0.7 pips | ❌ |
| PRO | From 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 Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | / | Experienced traders |
| MT4 | ❌ | / | Beginners |
Keywords
- Within 1 year
- Suspicious Regulatory License
- MT5 Full License
- Regional Brokers
- High potential risk
News
News Kudotrade 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
2024-10-06 17:38
News Kudotrade Launch It's New WebTrader
Kudotrade have now launched their custom web trader into their client portal!
2024-08-06 22:40
News Kudotrade Available Asset Classes
Kudotrade has launched with over 250 tradable assets on it's innovative & advanced trading platform!
2024-08-06 22:22
News Kudotrade Launches With a Full MT5 License From Day One!
Kudotrade has started off with a full license from leading software company Meta Quotes!
2024-08-01 17:50
Exposure Kudotrade: 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.
2024-07-29 15:02
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