Kudotrade Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.kudotrade.com/get-started/, the company's legitimate regulatory information United KingdomFCACommon Business Registration, to enhance the security of the company's address 6 St Denis Street, 1/F River Court, Port Louis, Mauritius.
Kudotrade Forex Broker
Basic information
Mauritius
1-2 years Regulated in United Kingdom Common Business Registration MT5 Full License Regional Brokers Suspicious Overrun Medium potential riskCompany profile
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 Cons
| 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 |
Is 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 Instruments | Supported |
| Stocks | ✔ |
| 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 Type | Standard | Pro |
|---|---|---|
| Base Currencies | GBP, EUR, USD | GBP, EUR, USD |
| Min Deposit | $50 | $5,000 |
| Execution Type | STP | ECN |
Leverage
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 |
Spread and Commission
Spreads and commissions vary on the account type.
| Account Type | Spread | Commission |
|---|---|---|
| STANDARD | From 0.7 pips | ❌ |
| PRO | From 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 Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | / | Experienced traders |
| MT4 | ❌ | / | Beginners |