Kudotrade

Kudotrade is a forex broker who offers over 250 class assets through MT5 trading platform. It provides multiple types of live accounts and demo accounts with acceptable minimum deposits and low spreads. However, their license of FCA has been exceeded.

Pros and Cons

Is Kudotrade Legit ?

Kudotrade is regulated by the Financial Conduct Authority (FCA) (licence type: Common Business Registration, license number: 15871896). But FCA has been exceeded.

What Can I Trade on Kudotrade?

Kudotrade offers over 100 stocks, over 10 indices, commodities, 90+ forex pairs, over 30 cryptos and metals.

Account Type

Kudotrade offers two types of live accounts: standard and professional. Both are based on the MT5 platform with a minimum transaction size of 0.01 lot. Standard accounts have a spread of 0.7 points and no commission, while professional accounts have a spread of 0 points and pay a commission of $8 per lot.

Standard accounts are suitable for beginners who want to get into live trading, while professional accounts are more suitable for experienced traders.

Kudotrade's account opening process is very easy. You only need to provide basic information such as first name, last name, email and set a password.

Kudotrade Leverage

Kudotrade offers different maximum leverage ratios for different asset classes.

Kudotrade Fees (Spreads & Commissions)

Spreads and commissions vary on the account type.

Trading Platform

Kudotrade offers MT5 for their traders. Developed by MetaQuotes Software Corp, MT5 provides trading functionalities across a variety of asset classes, including forex, stocks, commodities, and cryptocurrencies to trade on this broker. It is suitable for both novice and experienced traders, providing powerful tools, high performance, and accessibility across multiple devices.

Education

Kudotrade provides a pool of educational resources and research including analysis, trading course, economic calendar, glossary, risk calculator, and video tutorials. For example, by participating in their weekly trade analysis, you will gain a clearer understanding of market dynamics and risk management techniques.

Customer Service

Kudotrade only supports online chat by AI and social media. They do not offer phone or email to contact.

The Bottom Line

In conclusion, in Kudotrade, you can trade all kinds of products via MT5 trading platform. You also can choose different types of account or demo accounts for getting familiar with the trading conditions. However, their license is exceeded and you might fail to trade if you are in the United States and United Arab Emirates.

FAQs

Is Kudotrade safe?

No. It dose not provides security measures and FCA has been exceeded.

Is Kudotrade a good for beginners?

Yes. It provides demo accounts and many educational resources for beginners. But there is a concern about its exceeded license of FCA.

At Kudotrade, are there any regional restrictions for traders?

Yes. It does not provide services for the residents of the United States, United Arab Emirates or any person in any country or jurisdiction where such distribution or use would be contrary to local law and regulation.