Company Summary
| Kudotrade Review Summary | |
| Founded | 2024 |
| Registered Country/Region | Saint Lucia |
| Regulation | Unregulated |
| Market Instruments | 250+, stocks, indices, commodities, forex, cryptos, metals |
| Demo Account | ✅ |
| Leverage | Up to 1000:1 |
| Spread | From 0.7 pips (Standard account) |
| Trading Platform | MetaTrader 5 |
| Min Deposit | $50 |
| Customer Support | Live 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 Restrictions | The 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 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 |
brothersfx
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
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
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
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
FX3628882596
United Kingdom
I used the kudo broker and I think it's good,it was easy and fast to deposit
Positive
rita580
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
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
United Kingdom
Scam broker, my trade didn't even get to a minute before it hit stop loss, I don't recommend
Exposure
kenny4031
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
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
greatfx921
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
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
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
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
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
France
After depositing it took less than 2 minutes to arrive that was very fast
Positive