Kudotrade Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-06 10:53

Abstract：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 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.