Search
Home
/
Categories
/

Kudotrade

Kudotrade

Non-Regulation

Kudotrade

1.15
1.15
Industry Tier:
E
🇱🇨Saint Lucia
Within 1 year
Contact
Kudotrade

Non-Regulation

Kudotrade
🇱🇨Saint Lucia
Within 1 year
Contact
1.15
1.15
Industry Tier:
E

Basic Information

Country
Saint Lucia
Industry
CFD
Categories
Services
Stocks, Indices, Commodities, Forex, Cryptocurrencies, Metals
Supported Languages
English, French, German, Italian, Spanish
Domain Registration
2024-04-16
Status
Non-Regulation
Entity
Download
Risk Scan
Announcement
Documents

User Reviews

1.15

Rated by 0 people

All Rating

No Comment YetNo Comment Yet

Profile & Analysis

Powered by AI
Some content is AI-generated and for reference only; it is not investment advice.
Profile

Kudotrade is a contract-for-difference brokerage firm registered in Saint Lucia on April 10, 2024. It primarily offers investors services in the trading markets of CFDs for stocks, indices, commodities, forex, cryptocurrencies, and metals. It does not provide services in jurisdictions where doing so would violate local laws or regulations, such as the United States, United Arab Emirates, and the United Kingdom.

Company Registration and Regulatory Status

According to publicly available information on Kudotrade’s official website (www.kudotrade.com), the company's registered entity in Saint Lucia is Kudo Trade Ltd with the registration number 2024-00239. The broker does not mention any regulatory details on its website.

Kudotrade

Upon verification, Kudo Trade Ltd’s registration information can indeed be found with Saint Lucia's International Business Companies and International Trust Registry (ifc). However, there is no regulatory information available on Kudotrade with major financial regulatory bodies such as the United States Financial Industry Regulatory Authority (FINRA), the U.S. Securities and Exchange Commission (SEC), the UK Financial Conduct Authority (FCA), the European Securities and Markets Authority (ESMA), or the Australian Securities and Investments Commission (ASIC).

Therefore, Kudotrade is essentially an unregulated fraudulent brokerage website.

Kudotrade

Kudotrade

Kudotrade

Kudotrade

Kudotrade

Kudotrade

Trading Products

Kudotrade offers a variety of trading products including forex, indices, metals, commodities, and cryptocurrencies through CFDs.

  • Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from currency fluctuations.
  • Indices: Index trading allows speculation on the performance of entire markets or specific industries without trading individual stocks, offering diversified trading opportunities and high leverage to enhance potential returns.
  • Commodities: Commodity trading covers key resources in global markets, allowing traders to buy and sell various raw materials including metals, energy, and agricultural products.
  • Precious Metals: Trading precious metals involves the buying and selling of gold, silver, platinum, and palladium. Due to their rarity and industrial use, they are often seen as a hedge against inflation and a means of value preservation.
  • Stocks: Stock CFDs allow traders to speculate on individual stock price movements without owning the underlying shares. This enables traders to profit from stock price movements without holding the actual asset.
  • Cryptocurrencies: Cryptocurrency trading involves buying and selling digital currencies in the crypto market. With the rise of blockchain technology and the widespread adoption of digital currencies, cryptocurrency trading has become a significant investment area for global investors.

Account Opening

The account opening process with Kudotrade involves visiting the broker’s official website, clicking on “START TRADING” or “OPEN ACCOUNT” at the top right corner of the homepage, filling in your name, email, and setting a login password. After submitting the account application form, you need to upload identity and address verification documents in the account settings to deposit funds and begin trading.

Kudotrade

Trading Accounts

Kudotrade offers two types of real trading accounts and a demo account: STANDARD ACCOUNT and PRO ACCOUNT.

STANDARD ACCOUNT:

  • Spreads: From 0.7 pips
  • Trading Commission: None
  • Trading Platform: MetaTrader5
  • Minimum Deposit: $50
  • Execution Type: STP
  • Base Currency: GBP, EUR, USD

PRO ACCOUNT:

  • Spreads: From 0 pips
  • Trading Commission: $8 per lot
  • Trading Platform: MetaTrader5
  • Minimum Deposit: $5,000
  • Execution Type: ECN
  • Base Currency: GBP, EUR, USD

Trading Platform

Kudotrade offers the MT5 trading platform, including web and mobile versions. The broker provides users with ready-to-use login credentials. As a result, the information displayed on MT5 indicates that users can only connect to existing accounts, not open new real trading accounts through MT5.

Kudotrade

Deposit and Withdrawal

Kudotrade has not clearly published its deposit and withdrawal methods on its official website.

Summary

Kudotrade is a CFD broker established less than a year ago and is not regulated by any authority. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation to avoid unnecessary financial losses.

Currently, this broker is labeled as "Operating Illegally" on Traderknows.

FAQ About Kudotrade

01

where is Kudotrade located?

Kudotrade's registration address is Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia. Operational office address is Floor 38, Media One Tower, Dubai, UAE.

02

How to fund Kudotrade account?

Sign into the Kudotrade portal, click on 'Deposit,' and select the appropriate funding method to fund your Kudotrade account.

03

what is Kudotrade?

Kudotrade is a broker that offers CFD trading on a variety of instruments, including stocks, indices, futures, forex, cryptocurrencies, and precious metals.

04

Is Kudotrade regulated?

Kudotrade is currently not regulated by any reputable regulatory authority, and users who trade on Kudotrade do not have any security guarantees.

05

Who owns Kudotrade?

Kudotrade is owned by Mr. John Morrell, who serves as the Person with Significant Control (PSC) and Director. He is British, resides in the United States, and was born in January 1991.

06

What platform does Kudotrade use?

Kudotrade uses MetaTrader 5 (MT5) as their trading platform.

Industry Tier

E
E
D
C
B
A
S
SS

Risk Warning

TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.

Entity
Download
Risk Scan
Announcement
Documents

User Reviews

1.15

Rated by 0 people

All Rating

No Comment YetNo Comment Yet

Basic Information

Country
Saint Lucia
Industry
CFD
Categories
Services
Stocks, Indices, Commodities, Forex, Cryptocurrencies, Metals
Supported Languages
English, French, German, Italian, Spanish
Domain Registration
2024-04-16
Status
Non-Regulation

Profile & Analysis

Powered by AI
Some content is AI-generated and for reference only; it is not investment advice.
Profile

Kudotrade is a contract-for-difference brokerage firm registered in Saint Lucia on April 10, 2024. It primarily offers investors services in the trading markets of CFDs for stocks, indices, commodities, forex, cryptocurrencies, and metals. It does not provide services in jurisdictions where doing so would violate local laws or regulations, such as the United States, United Arab Emirates, and the United Kingdom.

Company Registration and Regulatory Status

According to publicly available information on Kudotrade’s official website (www.kudotrade.com), the company's registered entity in Saint Lucia is Kudo Trade Ltd with the registration number 2024-00239. The broker does not mention any regulatory details on its website.

Kudotrade

Upon verification, Kudo Trade Ltd’s registration information can indeed be found with Saint Lucia's International Business Companies and International Trust Registry (ifc). However, there is no regulatory information available on Kudotrade with major financial regulatory bodies such as the United States Financial Industry Regulatory Authority (FINRA), the U.S. Securities and Exchange Commission (SEC), the UK Financial Conduct Authority (FCA), the European Securities and Markets Authority (ESMA), or the Australian Securities and Investments Commission (ASIC).

Therefore, Kudotrade is essentially an unregulated fraudulent brokerage website.

Kudotrade

Kudotrade

Kudotrade

Kudotrade

Kudotrade

Kudotrade

Trading Products

Kudotrade offers a variety of trading products including forex, indices, metals, commodities, and cryptocurrencies through CFDs.

  • Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from currency fluctuations.
  • Indices: Index trading allows speculation on the performance of entire markets or specific industries without trading individual stocks, offering diversified trading opportunities and high leverage to enhance potential returns.
  • Commodities: Commodity trading covers key resources in global markets, allowing traders to buy and sell various raw materials including metals, energy, and agricultural products.
  • Precious Metals: Trading precious metals involves the buying and selling of gold, silver, platinum, and palladium. Due to their rarity and industrial use, they are often seen as a hedge against inflation and a means of value preservation.
  • Stocks: Stock CFDs allow traders to speculate on individual stock price movements without owning the underlying shares. This enables traders to profit from stock price movements without holding the actual asset.
  • Cryptocurrencies: Cryptocurrency trading involves buying and selling digital currencies in the crypto market. With the rise of blockchain technology and the widespread adoption of digital currencies, cryptocurrency trading has become a significant investment area for global investors.

Account Opening

The account opening process with Kudotrade involves visiting the broker’s official website, clicking on “START TRADING” or “OPEN ACCOUNT” at the top right corner of the homepage, filling in your name, email, and setting a login password. After submitting the account application form, you need to upload identity and address verification documents in the account settings to deposit funds and begin trading.

Kudotrade

Trading Accounts

Kudotrade offers two types of real trading accounts and a demo account: STANDARD ACCOUNT and PRO ACCOUNT.

STANDARD ACCOUNT:

  • Spreads: From 0.7 pips
  • Trading Commission: None
  • Trading Platform: MetaTrader5
  • Minimum Deposit: $50
  • Execution Type: STP
  • Base Currency: GBP, EUR, USD

PRO ACCOUNT:

  • Spreads: From 0 pips
  • Trading Commission: $8 per lot
  • Trading Platform: MetaTrader5
  • Minimum Deposit: $5,000
  • Execution Type: ECN
  • Base Currency: GBP, EUR, USD

Trading Platform

Kudotrade offers the MT5 trading platform, including web and mobile versions. The broker provides users with ready-to-use login credentials. As a result, the information displayed on MT5 indicates that users can only connect to existing accounts, not open new real trading accounts through MT5.

Kudotrade

Deposit and Withdrawal

Kudotrade has not clearly published its deposit and withdrawal methods on its official website.

Summary

Kudotrade is a CFD broker established less than a year ago and is not regulated by any authority. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation to avoid unnecessary financial losses.

Currently, this broker is labeled as "Operating Illegally" on Traderknows.

FAQ About Kudotrade

01

where is Kudotrade located?

Kudotrade's registration address is Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia. Operational office address is Floor 38, Media One Tower, Dubai, UAE.

02

How to fund Kudotrade account?

Sign into the Kudotrade portal, click on 'Deposit,' and select the appropriate funding method to fund your Kudotrade account.

03

what is Kudotrade?

Kudotrade is a broker that offers CFD trading on a variety of instruments, including stocks, indices, futures, forex, cryptocurrencies, and precious metals.

04

Is Kudotrade regulated?

Kudotrade is currently not regulated by any reputable regulatory authority, and users who trade on Kudotrade do not have any security guarantees.

05

Who owns Kudotrade?

Kudotrade is owned by Mr. John Morrell, who serves as the Person with Significant Control (PSC) and Director. He is British, resides in the United States, and was born in January 1991.

06

What platform does Kudotrade use?

Kudotrade uses MetaTrader 5 (MT5) as their trading platform.

Risk Warning

TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.

Risk Warning
TraderKnows provides a comprehensive database of financial companies, with information sourced from public channels or user submissions, for reference only. We do not verify the compliance of individual companies, and the information provided is not investment advice. Users are encouraged to conduct their own due diligence and make informed decisions. If you suspect any company of illegal activity, please report it to compliance@traderknows.com, and we will review and take appropriate action as necessary.
Risk Warning
TraderKnows provides a comprehensive database of financial companies, with information sourced from public channels or user submissions, for reference only. We do not verify the compliance of individual companies, and the information provided is not investment advice. Users are encouraged to conduct their own due diligence and make informed decisions. If you suspect any company of illegal activity, please report it to compliance@traderknows.com, and we will review and take appropriate action as necessary.

Contact Us

Social Media

Region

Region

Revise
Contact