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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
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

Related broker

No Regulation
Kudotrade
Company name:Kudo Trade (Mauritius) Ltd
Score
1.20
Website:https://www.kudotrade.com
1-2 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.20

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