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Kudotrade
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Kudotrade

Seychelles
2024-05-09
1.5
Rating Index
Legal Environment
4.972
License Value
0
Risk Management
1.374
Investor Protection
4.86
Regulatory Policy
0
Industry Classification
C
High Risk
Trading Platforms
MT5

Basic Information

  • Registered Region
    Seychelles
  • Operation Status
    Suspected of fraud
  • Operating Period
    2024-05-09
  • Deposit Methods
    /
  • Website
  • Market Type
    Forex
  • Support Languges
    English
    France
    Germany
    Italy
    Spain
  • Main Business
    Foreign exchange, stocks, commodities, precious metals, indices, cryptocurrencies
  • Business Type
    Brokerage
  • Social Media
  • Contact Details
  • Type of Accounts
    Demo Account
  • Trading Platforms
    MT5
  • Withdraw Methods
    /
  • Auto Trading
    Yes

Pros and Cons

Pros: Low minimum deposit threshold ($50), supports multiple assets (forex, commodities, stocks, crypto, indices), offers demo accounts, uses the mainstream MT5 platform, supports automated trading/CopyTrade, flexible account types. Cons: Lack of strict regulation (mainly offshore/non-mainstream regulation); weak/opaque fund and customer protection mechanisms; questionable withdrawal methods/speed/reliability (complaints exist); potential slippage/unstable spreads/order execution issues/unfair pricing; low transparency of company information and management team; newly established (2024) — stability and credibility unclear.

Company Background

Kudotrade is a contract-for-difference brokerage firm registered in Saint Lucia on April 10, 2024. It primarily offers investors services in the trading markets of CFDs for stocks, indices, commodities, forex, cryptocurrencies, and metals. It does not provide services in jurisdictions where doing so would violate local laws or regulations, such as the United States, United Arab Emirates, and the United Kingdom.

Fund Security

Kudo Trade (Mauritius) Ltd. (“we”, “us” or “Kudotrade”) is an international company authorised and regulated by the Financial Services Commission of Mauritius under license number GB24203599, with registered address 6 St Denis Street, 1st Floor River Court, Port Louis, Mauritius. Our primary objective is to assist traders and Introducing Brokers (IBs) in achieving their business objectives and personal aspirations. We prioritize integrity and trust, offering a blend of innovative products, competitive trading conditions, and high-quality, personalized service. Our mission at Kudotrade is to empower FOREX traders and IBs to realize their personal and business aspirations by combining innovative products with competitive trading conditions and exceptional customer service.

Account Opening

The account opening process with Kudotrade involves visiting the broker’s official website, clicking on “START TRADING” or “OPEN ACCOUNT” at the top right corner of the homepage, filling in your name, email, and setting a login password. After submitting the account application form, you need to upload identity and address verification documents in the account settings to deposit funds and begin trading.

Trading Fees

STANDARD ACCOUNT: Spreads: From 0.7 pips Trading Commission: None Trading Platform: MetaTrader5 Minimum Deposit: $50 Execution Type: STP Base Currency: GBP, EUR, USD PRO ACCOUNT: Spreads: From 0 pips Trading Commission: $8 per lot Trading Platform: MetaTrader5 Minimum Deposit: $5,000 Execution Type: ECN Base Currency: GBP, EUR, USD

Trading Instruments

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 Technology

Kudotrade offers the MT5 trading platform, including web and mobile versions. The broker provides users with ready-to-use login credentials. As a result, the information displayed on MT5 indicates that users can only connect to existing accounts, not open new real trading accounts through MT5.

Research and Education

Academy / Help Center / Free Trading Course / Market Analysis / Economic Calendar / Glossary / Video Tutorials

Customer Support

Our support teams are here to assist you for any questions or requests you might have. contact@kudotrade.com+44 208 068 27406 St Denis Street, 1/F River Court, Port Louis, Mauritius
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Rating Instructions
Rating Index
Kudotrade
Kudotrade
Unregulated
Legal Environment
4.972
License Value
0
Risk Management
1.374
Investor Protection
4.86
Regulatory Policy
0
  • Legal Environment

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  • Risk Management

    Evaluates the regulator's financial stability and risk management capacity, including budgeting, reserves, revenues, expenditures, and ability to respond to market or financial shocks.

  • Investor Protection

    Examines the regulator's complaint-handling and investor protection systems, assessing fairness, responsiveness, and enforcement effectiveness in safeguarding investor rights.

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