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Kudotrade Forex Broker provides real users with 4 positive reviews, * neutral reviews and 10 exposure review!

Kudotrade Broker Review

Rating Index

WikiFX Detection

Business

Influence C

License

No license

Kudotrade Review 14

Latest All(14) Positive(4) Exposure(10)
Exposure

Trading with this broker has been a costly mistake. Severe slippage caused me to lose money on trades that, under normal execution conditions, would have been profitable. The manipulation is not occasional—it’s systemic and designed to drain client accounts.

loveth5521
Verified
2025-08-15
Positive

It has a easy to work interface, it was also fast to deposit, I haven't had any issues on this broker yet, let's see how it goes

FX1530089562
2025-08-15
Positive

I used the kudo broker and I think it's good,it was easy and fast to deposit

FX3628882596
2025-08-14
Exposure
impossible to win

Every time I opened a trade, I compared the execution price to multiple independent feeds. The broker’s numbers were consistently off, always in a way that hurt my positions. Over two months, this 'coincidence' drained more than 35% of my account.

rita580
Verified
2025-08-14
Exposure
Too Many losses on one account

I really don't like this broker I had to always shift my stop loss because of spread and didn't have any profit.

FX4104049496
Verified
2025-08-13
Exposure

Scam broker, my trade didn't even get to a minute before it hit stop loss, I don't recommend

FX1950769879
Verified
2025-08-12
Exposure

Over the course of three months, my account balance dropped significantly because of constant slippage on my trades. Even during calm market conditions, my entries and exits were shifted in the broker’s favor, turning winning trades into losses. I have never experienced such consistent manipulation elsewhere

kenny4031
Authenticated
Verified
12h
Positive

kudo trade broker is not that bad, I think I like the fact that it's deposit threshold is affordable for everyone and very fast too

FX4606933812
08-08

Kudotrade 2025 Review: Everything You Need to Know

Kudotrade has emerged as a new player in the Forex and CFD brokerage space, claiming to offer competitive trading conditions and a user-friendly platform. However, the reviews and analyses available paint a mixed picture, with significant red flags regarding its legitimacy and operational practices. Notably, users have raised concerns about withdrawal issues and the broker's regulatory status, which warrants a closer examination.

Note: It's important to highlight that Kudotrade operates under different entities in various jurisdictions, which complicates its regulatory standing and overall trustworthiness. This review aims to present a balanced view based on multiple sources to ensure fairness and accuracy.

Rating Overview

Criteria Score (out of 10)
Account Conditions 4
Tools and Resources 5
Customer Service and Support 3
Trading Setup/Experience 4
Trustworthiness 2
User Experience 3

We rate brokers based on user feedback, expert analysis, and factual data regarding their operations.

Broker Overview

Kudotrade, established in 2024, operates as an online trading platform under the name Kudotrade Ltd, claiming to be registered in Saint Lucia and Mauritius. The platform utilizes the widely recognized MetaTrader 5 (MT5) for trading, offering access to a variety of asset classes including Forex, CFDs on stocks, commodities, and cryptocurrencies. However, it lacks regulation from major financial authorities, which raises concerns about its operational integrity.

Detailed Analysis

Regulatory Status:

Kudotrade is registered in Saint Lucia, a jurisdiction known for minimal regulatory oversight in Forex trading. According to multiple sources, including BrokersView, the Financial Services Regulatory Authority (FSRA) of Saint Lucia does not regulate Forex activities. Additionally, while it claims to have an office in Dubai, no verification of this has been found with local authorities. This lack of regulation poses significant risks for investors.

Deposit and Withdrawal Options:

The broker allows deposits through credit cards and cryptocurrencies, but the details on withdrawal processes are vague and often lead to complaints from users about delays. Reports suggest that users have experienced prolonged waiting periods for fund withdrawals, with some claiming to wait up to 28 days. This issue is highlighted in several reviews, indicating a pattern of withdrawal challenges that could deter potential traders.

Minimum Deposit and Bonuses:

The minimum deposit requirement for opening a standard account is set at $50, which is relatively low compared to industry standards. However, the absence of clear promotional offers or bonuses is notable, as many brokers in the industry leverage such incentives to attract new clients.

Cost Structure:

Kudotrade's cost structure is somewhat unclear. While the standard account claims to have zero commissions, the lack of transparency regarding spreads and other fees raises concerns. The pro account, which uses ECN technology, charges a commission of $8 per lot, which is relatively high compared to other brokers. This ambiguity in cost can lead to unexpected expenses for traders.

Leverage and Trading Platforms:

The broker offers leverage up to 1:1000, which is significantly higher than what is typically allowed by reputable regulatory bodies. This high leverage can amplify both profits and losses, making trading with Kudotrade particularly risky. The trading platform, MT5, is generally well-regarded, but users have reported limitations in account management, as they cannot independently open new accounts.

Restricted Regions and Customer Support Languages:

Kudotrade does not provide a comprehensive list of restricted regions, which is concerning for potential users. Customer support appears to be limited, with reports of unresponsive service when users encounter issues. The primary language for customer support is English, which may not cater to a global audience effectively.

Repeated Rating Overview

Criteria Score (out of 10)
Account Conditions 4
Tools and Resources 5
Customer Service and Support 3
Trading Setup/Experience 4
Trustworthiness 2
User Experience 3

Detailed Breakdown

  • Account Conditions: The low score reflects the unclear fee structure and high commissions on pro accounts. Users have expressed dissatisfaction with the lack of transparency regarding account terms.

  • Tools and Resources: The availability of MT5 is a positive, but the absence of additional analytical tools or resources diminishes the overall offering.

  • Customer Service and Support: The significant complaints regarding slow responses and unhelpful service contribute to a low rating in this category.

  • Trading Setup/Experience: While the platform is functional, the user experience is hampered by issues related to account management and withdrawal processes.

  • Trustworthiness: The lack of regulation, along with numerous negative reviews regarding withdrawal issues, leads to a very low trust rating.

  • User Experience: Overall user experiences are mixed, with many reporting difficulties in accessing funds and inadequate support.

  • Conclusion

    In conclusion, while Kudotrade presents itself as a legitimate trading platform with low entry barriers, the significant red flags surrounding its regulatory status, withdrawal challenges, and overall trustworthiness should give potential investors pause. The lack of transparency and high leverage options further complicate its appeal. Prospective traders are advised to exercise caution and consider alternative, more regulated brokers for their trading needs.

Kudotrade review