Kudotrade Forex Broker

Kudotrade Review SummaryFounded2024Registered Country/RegionSaint LuciaRegulationUnregulatedMarket Instruments250+, stocks, indices, commodities, forex, cryptos, metalsDemo Account✅LeverageUp to 1000:1SpreadFrom 0.7 pips (Standard account)Trading PlatformMetaTrader 5Min Deposit$50Customer SupportLive chatTel: +44 208 068 2740Email: contact@kudotrade.comTwitter, Facebook, Instagram, YouTube and LinkedinAddress: Floor 38, Media One Tower, Dubai, UAERegional 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.Pros and ConsProsCons250+ tradable instrumentsNew to the marketDemo accountsUnregulatedFlexible leverage ratiosUnknown payment methodsCommission-free account offeredRegional restrictionsSupport MT5Acceptable minimum depositLive chat supportIs 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 InstrumentsSupportedStocks✔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 TypeStandardProBase CurrenciesGBP, EUR, USDGBP, EUR, USDMin Deposit$50$5,000Execution TypeSTPECNLeverage Kudotrade offers different maximum leverage ratios for different asset classes.Asset ClassLeverageForex1:1000StocksCommoditiesMetalsIndices1:200Crypto1:10Spread and Commission Spreads and commissions vary on the account type.Account TypeSpreadCommissionSTANDARDFrom 0.7 pips❌PROFrom 0 pips$8 per lotTrading 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 forMT5✔/Experienced tradersMT4❌/Beginners