Kudotrade Review: Safety, Regulation & Forex Trading Details

KEY TAKEAWAYS: Is Kudotrade Safe?

• Unregulated Status:Kudotrade currently holds no valid regulatory license from any financial authority.
• High Risk Score: With a low WikiFX Score of 2.05, the platform is classified as high-risk.
• Execution Issues: Multiple user reports cite severe slippage, price manipulation, and inconsistent spreads.
• New Market Entrant: Established in 2024, this broker lacks a long-term operational track record.

Kudotrade Broker Summary: Safety Score and Market Presence

In this Kudotrade review, we analyze a Forex broker that has rapidly generated concern despite being established recently in 2024. Headquartered in Mauritius, Kudotrade offers trading via the MT5 platform and self-developed software.

According to WikiFX records, the broker has an influence rank of “C”, mainly active in regions like Belgium, Canada, and the UK. However, the primary concern remains its safety profile. Kudotrade has accumulated 12 formal complaints within the last three months alone, resulting in a low safety score of 2.05.

While the platform provides standard account types like “PRO” and “STANDARD” with entry conditions starting from $50, the lack of safety nets lowers its reliability for serious investors.

Kudotrade Regulation: Is the License Real?

Regulatory oversight is the most critical factor in a Kudotrade regulation analysis. A regulated Forex broker must adhere to strict financial standards to protect client funds.

WikiFX records indicate that Kudotrade does not currently hold any valid regulatory authorization. Users are not protected by compensation schemes or segregated fund requirements typically enforced by Tier-1 regulators.

Because Kudotrade is unregulated, it operates without external supervision. This status often correlates with the operational risks described in user complaints, such as the inability to appeal to a financial ombudsman in case of disputes.

Kudotrade Forex User Reviews: Slippage and Manipulation Complaints

Analyzing Kudotrade broker feedback reveals a troubling pattern. The WikiFX database currently lists high-severity complaints, specifically focused on trade execution rather than simple login errors. The primary issues reported by users include severe slippage, price manipulation, and stop-loss hunting.

Common User Complaints (Evidence from August 2025):

• Severe Slippage: Multiple traders, including those from Croatia and Spain, reported that trades were hit with slippage that flipped profits into losses. Note Case 1: “A trade that should have closed in profit was instead hit with severe slippage.”

• Price Manipulation: Users allege that the broker's price feeds do not match independent market data. Case 4 (Netherlands) states: “The brokers numbers were consistently off... this 'coincidence' drained more than 35% of my account.”

• Stop-Loss Hunting: Reports indicate that stop-loss orders are triggered at price levels that were never reached on other charts. Case 6 (UK) mentions: “My trade didn't even get to a minute before it hit stop loss.”

• Withdrawal Obstacles via Execution: While direct withdrawal denials are less cited, Case 12 warns that severe slippage creates a deficit that makes it “impossible to withdraw funds.”

These reports suggest unfair trading conditions that erode client capital regardless of their strategy.

Conclusion: Final Kudotrade Review Recommendation

Based on this Kudotrade review, the broker presents a significant risk to safety. The combination of zero regulation, a low WikiFX Score of 2.05, and serious allegations of price manipulation makes it an unsuitable choice for secure trading.

Kudotrade fails to meet the basic safety standards required for a reliable Forex broker. Investors are strongly advised to choose platforms regulated by top-tier authorities (such as the FCA or ASIC) to ensure capital protection and transparent execution.