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Score
Mauritius
Suspicious Regulatory License
Self-developed
Suspicious Scope of Business
High potential risk
Influence
Add brokers
Comparison
Quantity 12
Exposure
Score
Regulatory Index0.00
Business Index4.97
Risk Management Index0.00
Software Index4.58
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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Company Name
Kudo Trade (Mauritius) Ltd
Company Abbreviation
Kudotrade
Platform registered country and region
Mauritius
Company website
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YouTube
Company summary
Pyramid scheme complaint
Expose
Scam broker, my trade didn't even get to a minute before it hit stop loss, I don't recommend
when I open any trade it must always be in loss due to the severe slippage they went as far as taken my 15usd immediately I opened multiple positions
My account balance dropped sharply, not because of my strategy, but because of execution failures outside my control. A trade that should have closed in profit was instead hit with severe slippage, flipping it into a loss
Trading with this broker has been a costly mistake. Severe slippage caused me to lose money on trades that, under normal execution conditions, would have been profitable. The manipulation is not occasional—it’s systemic and designed to drain client accounts.
I really don't like this broker I had to always shift my stop loss because of spread and didn't have any profit.
After trading and getting a few dollars in profit they used price manipulation to blow up my account before adjusting the price back to normal and it happened so fast I couldn't even close the trade
Despite claiming tight spreads, hidden markups and slippage have cost me heavily over time Stop-loss orders were triggered far beyond my set levels, resulting in unnecessary losses that shouldn’t happen with a fair broker
Over the course of three months, my account balance dropped significantly because of constant slippage on my trades. Even during calm market conditions, my entries and exits were shifted in the broker’s favor, turning winning trades into losses. I have never experienced such consistent manipulation elsewhere
The account price difference is too large (about 0.16 US dollars) and there is severe slippage, making it impossible to withdraw funds
This broker is unreliable. They manipulate the market and move prices however they want, just to wipe out traders’ accounts. Please don’t use them—you’ll likely lose your money too. I found out the hard way.
Every time I opened a trade, I compared the execution price to multiple independent feeds. The broker’s numbers were consistently off, always in a way that hurt my positions. Over two months, this 'coincidence' drained more than 35% of my account.
Based on my personal experience, I strongly advise against using this broker. They engage in highly questionable practices, including artificial price manipulation and sudden spread widening—often during low liquidity or high-impact news events—designed to trigger stop-losses and drain traders' equity. These tactics appear to be intentionally aimed at profiting from client losses. Despite presenting themselves as a legitimate trading platform, their operations lack transparency and integrity. I learned this lesson through significant personal losses, and I caution others to thoroughly research and choose only regulated, reputable brokers to safeguard their investments.
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 | 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 |
No, Kudotrade is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.
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 | ❌ |
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 |
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 |
Spreads and commissions vary on the account type.
Account Type | Spread | Commission |
---|---|---|
STANDARD | From 0.7 pips | ❌ |
PRO | From 0 pips | $8 per lot |
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 |
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