Kudotrade Forex Review

Read our full Kudotrade review to get exact details about their safety, accounts, spreads, platforms, assets, support, and many more. Our unbiased Kudotrade opinion allows our readers to decide whether Kudotrade is a reliable broker.

Kudotrade Forex Broker History

Kudotrade is a young player in the FX trading scene as it was founded in 2024. The company is less experienced and operates under the name of Kudo Trade (Mauritius) Ltd. Despite this, the broker already managed to acquire one license and become regulated, which is a serious achievement. The company that offers payment services to Kudotrade is registered in Cyprus with the same name. Since its establishment, the broker started to offer trading services and several trading account types.

Kudotrade broker safety

Safety is paramount in online financial trading. Brokers without licenses can not be trusted. Kudotrade is regulated by the Mauritius Financial Services Commission (MU FSC). Although Mauritius offers some oversight, it is still less strict than top-tier regulators. The broker offers negative balance protection to all of its retail clients, which is a crucial safety policy, especially for beginner CFD traders. Kudotrade is a part of the investor compensation scheme and keeps client funds in segregated bank accounts, meaning it can not touch trader money.

Kudotrade Broker Review of Accounts

Kudotrade offers both standard and pro trading accounts. The standard account is for general FX trading and comes with the following specs:

• Minimum deposit: $50
• Spreads from 0.7 pips
• No commissions
• Leverage up to 1:500

The standard account is for commission-less trading and has a very competitive minimum deposit requirement.

The pro account from Kudotrade is more focused on seasoned traders who want to trade at the lowest spreads:

• Minimum deposit: $5,000
• Raw spreads starting from 0.0 pips
• Commission: $8 per lot per side
• Also allows up to 1:500 leverage

This account is for traders who have at least 5,000 USD for trading and want to access low spreads. However, the commission is more expensive than industry standards, which makes the broker unattractive.

Traders can also use a demo account which is free and allows them to test trading strategies or check trading conditions, which is useful.

Kudotrade instruments

Kudotrade offers a wide range of CFD instruments, such as:

• Forex pairs – majors, minors, and exotics
• Stocks – CFDs allow instant buy and sell features
• Commodities – metals and energies
• Indices – popular major indices
• Cryptos – crypto CFDs enable instant trading in both directions

These CFDs enable traders to speculate on price movements using high leverage of 1:500 which gives them super powers to control substantial amounts of lot sizes.

Kudotrade Reviews of Trading Platforms

Kudotrade provides access to MetaTrader 5 (MT5), which is a robust trading platform widely known for its advanced charting tools, algorithmic trading support via Expert Advisors, and custom indicators. The broker allows traders to use MT5 at its full capacity, which is flexible. Mobile trading is available via the MT5 mobile app, which is accessible on both Android and iOS devices. Kudotrade supports

Kudotrade Forex Review of Extra Features

Kudotrade broker includes various trading and educational resources such as:

• Market Analysis
• Risk Calculator
• Trading Glossary
• Video Tutorials & Trading Courses
• Economic Calendar
• Holiday Calendar

These tools make the platform attractive to even beginners and those looking to build their trading knowledge online.

Kudotrade Reviews of Customer Support

Customer service at Kudotrade is available through live chat, email, and hotline options, with multilingual support in five languages. The website is also available in multiple languages, and the live chat is integrated into the broker’s main page, making it convenient for real-time assistance. Email and phone support options are available in the help center.

Kudotrade Deposit and Withdrawal

Traders can fund their trading accounts using credit & debit cards, cryptos, and instant wire transfers. No deposit and withdrawal fees are charged and the minimum deposit starts at 50 USD on the standard account. However, the processing time for withdrawals is 3-5 business days, which is slower than competitors in the industry.

Kudotrade Review Conclusion – can you trust Kudotrade?

Kudotrade is a fresh entrant in the FX trading space with some promising offerings such as MT5 access, competitive spreads on standard accounts, and diverse educational and market analysis resources. However, its offshore regulation, high commissions on pro accounts, and slow withdrawal processing time are serious drawbacks for the broker. For beginners and casual traders, Kudotrade offers a decent entry point as it offers competitive spreads and low minimum deposit requirements, but pro traders might find the broker unattractive due to high commissions for low spreads.

FAQs on Kudotrade

Is Kudotrade a scam?

Kudotrade scam is highly unlikely as the broker is regulated by Mauritius and offers safety features like negative balance protection and segregated accounts.

What is the Kudotrade minimum deposit?

The minimum deposit starts at $50 for the standard account. The pro account requires $5,000.

Is Kudotrade a cheap broker?

For standard accounts, the broker is cheap and competitive, but it is expensive for pro accounts and has slow withdrawals.