Score

1.33 /10
Danger

Kudotrade

Mauritius

1-2 years

Suspicious Regulatory License

Self-developed

Suspicious Scope of Business

High potential risk

C

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Comparison

Quantity 12

Exposure

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Score

Regulatory Index0.00

Business Index4.97

Risk Management Index0.00

Software Index4.58

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
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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 (Mauritius) Ltd

Company Abbreviation

Kudotrade

Platform registered country and region

Mauritius

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2025-09-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • WikiFX has received a total of 12 user complaints against this broker, please be aware of the risks and do not be scammed!

WikiFX Verification

Pyramid scheme complaint
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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 Secures Regulator License

    The Financial Services Commission (FSC) of Mauritius has awarded Kudotrade, a pioneer in international financial trading services, a prestigious licence. Kudotrades dedication to operating at the high

    WikiFX
    2025-01-19 19:10
    Kudotrade Secures Regulator License

    NewsCatharine joins Kudotrade as Global Head of HR

    Kudotrade has welcomed Catharine Ioannou as their new Global Head of Human Resources. Bringing her extensive expertise in people strategies and organisational development, Catharine is set todriveKudo

    WikiFX
    2025-01-09 20:10
    Catharine joins Kudotrade as Global Head of HR

    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

    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

    User Reviews

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    User comment

    16

    Comments

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    brothersfx
    6-12months
    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
    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
    Translate to English
    2025-08-19 18:32
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    kingjamesfx
    6-12months
    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
    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
    Translate to English
    2025-08-19 17:36
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    12