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0 1 2 3 4 5 6 7 8 9
/10
The WikiFX Score of this broker is reduced because of too many complaints!

Kudotrade

Mauritius Mauritius | 1-2 years |
Suspicious Regulatory License | Self-developed | Suspicious Scope of Business | High potential risk

https://www.kudotrade.com

Website

Rating Index

Influence

Influence

C

Influence index NO.1

United States United States 2.65
Surpassed 13.50% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+44 208 068 2740
contact@kudotrade.com
https://www.kudotrade.com
6 St Denis Street, 1/F River Court, Port Louis, Mauritius
The WikiFX Score of this broker is reduced because of too many complaints!
Licenses

No valid regulatory information, please be aware of the risk!

Warning: Low score, please stay away!
  • It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Mauritius Mauritius
Operating Period
1-2 years
Company Name
Kudo Trade (Mauritius) Ltd
Customer Service Email Address
contact@kudotrade.com
Contact Number
+442080682740
brothersfx

brothersfx

Verified

Croatia

My account balance dropped sharply, not because of my strategy, but because of execution failures outside my control. A trade that should have closed in profit was instead hit with severe slippage, flipping it into a loss

Exposure

kingjamesfx

kingjamesfx

Verified

Croatia

Despite claiming tight spreads, hidden markups and slippage have cost me heavily over time Stop-loss orders were triggered far beyond my set levels, resulting in unnecessary losses that shouldn’t happen with a fair broker

Exposure

loveth5521

loveth5521

Verified

France

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.

Exposure

FX1530089562

FX1530089562

Verified

United Kingdom

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

Positive

Positive

FX3628882596

FX3628882596

Verified

United Kingdom

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

Positive

Positive

rita580

rita580

Verified

Netherlands

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.

Exposure

FX4104049496

FX4104049496

Verified

United Kingdom

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

Exposure

FX1950769879

FX1950769879

Verified

United Kingdom

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

Exposure

kenny4031

kenny4031

Authenticated
Verified

United Kingdom

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

Exposure

FX4606933812

FX4606933812

Verified

United Kingdom

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

Positive

Positive

greatfx921

greatfx921

Verified

Finland

Based on my personal experience, I strongly advise against using this broker. They engage in highly questionable practices, including artificial price manipulation and sudden spread widening—often during low liquidity or high-impact news events—designed to trigger stop-losses and drain traders' equity. These tactics appear to be intentionally aimed at profiting from client losses. Despite presenting themselves as a legitimate trading platform, their operations lack transparency and integrity. I learned this lesson through significant personal losses, and I caution others to thoroughly research and choose only regulated, reputable brokers to safeguard their investments.

Exposure

salemfx

salemfx

Verified

Netherlands

This broker is unreliable. They manipulate the market and move prices however they want, just to wipe out traders’ accounts. Please don’t use them—you’ll likely lose your money too. I found out the hard way.

Exposure

kamalaf

kamalaf

Verified

Spain

when I open any trade it must always be in loss due to the severe slippage they went as far as taken my 15usd immediately I opened multiple positions

Exposure

mariafx

mariafx

Verified

Spain

After trading and getting a few dollars in profit they used price manipulation to blow up my account before adjusting the price back to normal and it happened so fast I couldn't even close the trade

Exposure

FX3876684479

FX3876684479

Verified

United Kingdom

The account price difference is too large (about 0.16 US dollars) and there is severe slippage, making it impossible to withdraw funds

Exposure

kingpasfx

kingpasfx

Verified

France

After depositing it took less than 2 minutes to arrive that was very fast

Positive

Positive

16
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Official website

Website

  • kudotrade.com
    162.159.135.42
    Server Location
    United States United States
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    --
    Website
    --
    Company
    --

Genealogy

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Relevant Enterprises

KUDO SYSTEMS LTD
Cyprus
KUDO SYSTEMS LTD
Active
Cyprus
Registration No. ΗΕ 462202
Established
Related sources Website Announcement

Company Summary

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

Keywords

  • 1-2 years
  • Suspicious Regulatory License
  • Self-developed
  • Suspicious Scope of Business
  • High potential risk

News

Kudotrade Secures Regulator License

News Kudotrade Secures Regulator License

The Financial Services Commission (FSC) of Mauritius has awarded Kudotrade, a pioneer in international financial trading services, a prestigious licence. Kudotrades dedication to operating at the high

Catharine joins Kudotrade as Global Head of HR

News Catharine joins Kudotrade as Global Head of HR

Kudotrade has welcomed Catharine Ioannou as their new Global Head of Human Resources. Bringing her extensive expertise in people strategies and organisational development, Catharine is set todriveKudo

Kudotrade Launch Copy Trading App

News Kudotrade Launch Copy Trading App

Introducing the Kudo Copy Trader: Revolutionising Investment OpportunitiesIn the dynamic world of trading, innovation is paramount. At Kudotrade, we are dedicated to empowering our clients with cuttin

Kudotrade Launch It's New WebTrader

News Kudotrade Launch It's New WebTrader

Kudotrade have now launched their custom web trader into their client portal!

Kudotrade Available Asset Classes

News Kudotrade Available Asset Classes

Kudotrade has launched with over 250 tradable assets on it's innovative & advanced trading platform!

Kudotrade: A Comprehensive Overview

Exposure Kudotrade: A Comprehensive Overview

Kudotrade, a relatively new player in the forex trading arena, has been operating for less than a year. Registered in Saint Lucia, the broker is a trading name of Kudo Trade Ltd. Despite its efforts to present itself as a versatile trading platform, Kudotrade faces significant challenges that prospective traders should be aware of.

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