Kudo, formerly Kudotrade, offers international forex and multi-asset CFD trading through a Mauritius account. Its Standard and Pro pricing models use MetaTrader 5, with a separate copy-trading service. The current product pages cover currencies, shares, indices, oil and agricultural commodities, precious metals and cryptocurrencies. Recent additions include a distinct weekend gold CFD contract and automated crypto withdrawals, which are a separate payment service.[1][4][17][18][19]
Accounts and access
Sections ↑Current advertised accounts
| Account | Opening deposit | Pricing model | Minimum trade / platform |
|---|---|---|---|
| Standard | 50 units of the selected base currency in the June help article; main page displays $50 | Spreads from 0.7 pips; no per-lot trading commission | 0.01 lot; MetaTrader 5Source 2Source 26 |
| Pro | 5,000 units of the selected base currency in the June help article; main page displays $5,000 | Spreads from 0.0 pips; quoted $8 round-turn commission per standard lot | 0.01 lot; MetaTrader 5Source 3Source 26 |
Both account pages advertise the same maximum leverage of 1:500, with lower instrument limits described below. Pro is an account-pricing name; it does not by itself establish a change in the client’s regulatory classification. The deposit minimum is also distinct from the margin needed for an actual order. A demo route is available from the account menu.[2][3][1]
Country acceptance is restricted. The currently linked policy includes the United States, Canada, Russia and Ukraine among its exclusions and applies screening during onboarding. That document is version 1.1, reviewed in May 2026 with an August review scheduled; the scheduled date is not proof that a new version was issued. Its company restriction list is not treated as an independently verified current list of sanctioned countries.[24][1]
Markets, leverage and gold contract sizes
Sections ↑Published market range and headline limits
| Market | Examples | Published maximum / scope |
|---|---|---|
| Forex | EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD and EUR/GBP | Up to 1:500; the zero-pip minimum is associated with selected Pro pairs.Source 5 |
| Precious metals | Gold, silver, platinum and palladium | The general metals page advertises up to 1:500; gold has lower symbol-specific limits.Source 7Source 6 |
| Energy and agriculture | WTI, Brent, natural gas, coffee, wheat, sugar and cotton | Up to 1:200 on the commodity page; symbol specifications determine the actual contract.Source 10 |
| Equity indices | S&P 500, FTSE 100, DAX 40, Nikkei 225 and other global indices | Up to 1:200; index CFDs, not ownership of a constituent share portfolio.Source 9Source 22 |
| Stock CFDs | Apple, Microsoft, Tesla, Amazon, Alphabet and Meta | Up to 1:20; no underlying share ownership.Source 8 |
| Cryptocurrency CFDs | Crypto is explicitly included in the markets, Pro and MT5 descriptions | A complete current symbol-by-symbol crypto tariff was not established; crypto payment support is a separate service.Source 4Source 3Source 11 |
Two gold symbols with different lot sizes
| Specification | XAUUSD: regular gold CFD | XAUUSD247: weekend-capable gold CFD |
|---|---|---|
| Published schedule | Monday to Friday | 24 hours a day, seven days a weekSource 6 |
| One lot represents | 100 oz | 1 ozSource 6 |
| Minimum order | 0.01 lot = 1 oz | 1 lot = 1 ozSource 6 |
| Maximum order | Varies by account type | 50 lots = 50 ozSource 6 |
| Maximum leverage | 1:200 | 1:100Source 6 |
| Published spread description | Variable with market conditions | From 2 pips; cash value of that pip is not defined in the tableSource 6 |
Kudo announced XAUUSD247 on 15 October 2026. Ten lots of that symbol represent 10 ounces, while 0.10 lot of the regular 100-ounce XAUUSD contract represents the same quantity. The announcement warns that weekend liquidity, pricing and execution can differ. Continuous availability therefore does not establish identical terms across the two symbols or guarantee an uninterrupted market.[18]
Trading costs, financing and inactivity
Sections ↑Standard’s spread-only pricing and Pro’s separate round-turn commission are published account terms, not measured average costs. The website’s quote widgets expressly say their prices are illustrative and not live, so their displayed bid/ask values are not used as observed spread evidence. A minimum spread and a commission component cannot establish a typical total trading cost without compatible symbol and holding-period inputs.[2][3][4]
Financing and other recurring charges
| Item | Current published treatment |
|---|---|
| Overnight forex | Swap debit or credit; the agreement permits a transaction charge up to 10% of that swap amount. Wednesday rollover incorporates the period through Monday.Source 20 |
| Spot CFDs | Overnight financing depends on the contract and reference rate; Friday treatment covers the weekend.Source 20 |
| Designated swap-free spot CFDs | Seven nights without the stated swap, subject to the anti-abuse rules; financing can apply from day eight and retrospectively for abuse.Source 20 |
| Swap-Free Account | A separate arrangement using an administration fee instead of swaps. Conversion requires written request and closed/reconciled positions; the public agreement does not give a complete numeric administration tariff.Source 20 |
| Inactivity | 15 units of the account’s base currency per month after 90 consecutive days with no trading activity, no deposits AND no withdrawals. USD, EUR and GBP examples are explicitly listed.Source 20 |
Platforms, orders and trading restrictions
Sections ↑Trading and account-management routes
| Route | Established capability | Availability or control boundary |
|---|---|---|
| MT5 | Windows, iOS and Android download links; charts, order management and desktop Expert Advisors | The desktop automation environment and mobile monitoring are different functions.Source 11 |
| Web trading and Kudo’s own app | Several FAQ passages describe web/app access | The current navigation still marks Web Trader and the Kudo iOS app as coming soon. Those generic passages do not establish an available dedicated new app or working browser terminal.Source 1Source 11Source 16 |
| Kudo Copy Trader | Linked MT5 account and Pelican copy-trading service | Select providers and allocation/risk settings; trades remain in the client’s account.Source 12Source 40Source 41 |
| Client portal | Funding, requests, same-owner account transfers and credential management | Transfers to a different client are not supported by the help procedure.Source 36Source 38Source 33 |
The execution policy makes Kudo the principal counterparty and sole contractual execution venue, even when liquidity providers are used. Market gaps can lead to a fill at the next available price. Its abnormal-market provisions allow requotes and declined orders, despite the account pages’ no-requote and sub-20-millisecond marketing. These are published claims and contractual conditions, not results from an execution test.[21][2][5]
The agreement permits day orders expiring at 22:00 GMT and good-till-cancelled instructions. The execution policy applies a 50-point distance restriction to specified pending orders on certain account types; the account scope is not fully listed. Once the trigger price is reached, amendment or cancellation may no longer be possible. A stop-loss does not guarantee its requested execution price.[20][21]
The current help article and agreement use a 50% stop-out level. Margin-call language differs inside the agreement: section 7.3 uses an 80% alert, while section 14.2 describes margin-call mode below 100%. The document also gives inconsistent wording for which position closes first; the current help says the largest floating loss. Confirm the platform’s operative settings rather than treating every quoted threshold or ordering rule as interchangeable.[20][47]
The Pro and MT5 pages promote algorithms and scalping, while the agreement’s default and suspicious-trading provisions include scalping, price-error exploitation and software that manipulates or unfairly exploits quotations. Those provisions can lead to action against orders or balances. The marketing language is not unrestricted permission for every high-frequency strategy; establish the permitted strategy and account conditions before relying on automation.[3][11][20]
Deposits, withdrawals, currencies and credit
Sections ↑Funding routes and published timing
| Route or process | Published information | Qualification |
|---|---|---|
| Card and digital-wallet deposits | Cards, Apple Pay, Google Pay and other regional methods may be offered; successful card/Apple Pay payments are usually credited promptly | No Kudo deposit fee; external bank/provider charges can apply. Actual portal options depend on country, currency and account.Source 27Source 28Source 29 |
| Bank-wire deposits | Usually one to three working days | A published expectation, dependent on the banking chain.Source 28 |
| General withdrawal guidance (June help) | June help asks clients to allow three to five business days to complete a request; the contact page says processing within one business day, then method-dependent arrival | The clocks and wording are not aligned. Neither is treated as a measured guaranteed receipt time.Source 30Source 16 |
| Crypto withdrawals: 19 October announcement | Eligible USDT (TRC20/ERC20), USDC on supported networks, Bitcoin and Ethereum withdrawals can be processed automatically 24/7 | Kudo says it pays the processing and blockchain charges; flagged requests still go to manual review and network conditions affect arrival.Source 19 |
The new crypto feature concerns automated withdrawal processing, not the first evidence of any crypto payment option: the June help already listed conditional crypto withdrawals. The 19 October announcement describes eligible requests processed in seconds with typical arrival in minutes, subject to verification and network conditions. A fee-free crypto withdrawal is not a blanket zero-fee statement for every payment method.[19][32]
The help centre’s FIFO rules concern returning money to funding sources: card principal may be refunded to the original card before profits or excess funds use another approved route. They are not a rule requiring the oldest trading position to close first. Withdrawals can be blocked by insufficient free margin, incomplete verification or method restrictions. The help acknowledges a withdrawal minimum without giving a universal numeric amount.[31][34][35]
Pending withdrawal requests can be cancelled in the portal’s Requests area; an approved, processed or transmitted payment may no longer be reversible. Use its actual status before submitting another request. The contract also permits withholding where margin, identity/source-of-funds checks, fraud concerns or legal obligations require it.[33][20]
The June help lists USD, EUR, GBP, AED and CHF as possible account currencies, subject to availability, whereas agreement section 5.3 expressly lists only USD, GBP and EUR. The agreement converts payments and realised results into the account currency using applicable spot rates and says Kudo levies no separate conversion fee. That does not establish an identical bank rate or support for every currency in every account; confirm the selected currency and applicable terms at opening.[25][20]
Promotional credit under the current agreement
| Question | Contractual distinction |
|---|---|
| Is it deposited cash? | No. Granted bonus credit supports margin and is separate from deposited funds, cash and wallet balances. It is not withdrawable or transferable unless a specific promotion expressly says otherwise.Source 20Source 46 |
| How long does it last? | Promotional, bonus or goodwill credit expires after 30 days unless a different period is agreed in writing. Removal can reduce margin support.Source 20 |
| Is there a published cap? | The agreement caps total credit at 10,000 USD/EUR/GBP in the currencies it expressly names. This is a limit, not an entitlement to receive that amount.Source 20 |
| What affects profits and withdrawals? | Offer-specific turnover, verification and compliance rules can apply. Withdrawal can proportionally reduce remaining non-turnover bonus; abuse can trigger credit/profit removal, withholding or a 5% deposit penalty.Source 20 |
Client money, protection limits and security
Sections ↑The current legal hub assigns all trading accounts opened through kudo.com to its Mauritius company and distinguishes the UAE introduction business. The company’s current licence claim is recorded with that scope; an independent live firm-level FSC entry was not retrieved in this review. An introduction licence in another country is not treated as the permission governing the execution of these trades.[13][15]
The agreement describes segregated client accounts, but expressly says segregation does not eliminate loss risk. It distinguishes ordinary client money from money applied to contractual trading obligations and contains further counterparty-use provisions for specified wholesale clients. The applicable client classification therefore matters. The risk disclosure separately identifies broker, bank and payment-provider insolvency exposure.[20][22]
Negative-balance protection is conditional. The execution and risk policies limit it to normal-market circumstances and exclude force majeure, abnormal conditions and agreement breaches. Agreement section 14 provides for support notification and a discretionary review of qualifying deficits; other accounts can be offset before relief. This is not unconditional insurance against losses beyond a single account balance. No separately evidenced insurance policy or fixed compensation-scheme entitlement is established by the reviewed protection documents.[21][22][20]
Portal password recovery uses the registered email and can involve extra identity verification. MT5 credentials are reset separately through Account Settings → My Trading Accounts → Update TP Password. A portal password reset should not be confused with resetting a trading account or receiving permission to withdraw. The inspected help does not specify a fixed cash-withdrawal lock after a reset.[37][38]
Support, outages, complaints and records
Sections ↑Current published contacts
Scope Account access, verification, deposits, withdrawals and platform assistance.
Hours 24/7 email/chat offer; email replies advertised within 24 hours.
The agreement permits Kudo, at its discretion, to accept telephone or email instructions and requires clients to arrange alternatives when online access fails. That is conditional dealing authority, not a guarantee that the general support line can execute every requested order. Supply the account/order details through an official channel and obtain execution confirmation; a sent email or unanswered call does not close a position.[20][16]
The complaints PDF requires acknowledgement within 24 hours unless a simple complaint is resolved within that period, plus an update if unresolved after three weeks. The contact page instead advertises acknowledgement within five business days. These published timeframes differ. The policy allows escalation to the Mauritius FSC’s relevant complaint mechanism after dissatisfaction with the broker’s outcome; it does not promise a compensation payout.[23][16]
The agreement provides electronic trade confirmations and daily/monthly statements, including emailed statements where applicable, with a 48-hour discrepancy-reporting period. The help identifies order details and P&L in MT5 history. Account closure requires positions closed, balance withdrawn and outstanding transactions, disputes or checks resolved before support confirms closure. Retain records before access ends; the broker’s seven-year retention provision is not a promise of continuing customer portal access or a prepared tax return.[20][45][39]
Copy trading, automation and related services
Sections ↑Kudo Copy Trader uses the Pelican network and places copied trades directly into the linked MT5 account. The help lists Fixed Size, Mirror Size, Mirror Risk by Equity and Mirror Risk by Balance as sizing choices. Providers’ trades can be skipped when margin, settings, linkage or subscription conditions prevent copying; an earlier provider position is not automatically included merely because a new subscription begins.[40][41][44]
Providers may set a displayed performance-fee percentage on realised copied-trade profits. The help’s 20% illustration is not a universal tariff, and its statement that Pelican charges no separate copying-platform fee does not remove brokerage trading costs. The website’s provider returns and rankings are expressly marked illustrative until a live feed is integrated; they are not independently verified manager records.[42][12]
Stopping copying ends new replication. The documented interface may let the client keep existing copied trades for manual management or close them, depending on the selected setting. Confirm that choice and any outstanding provider fee before withdrawing. The reviewed fee guide does not clearly settle fees on positions retained after disconnection, so stopping is not presented as an automatic flat account or immediate fee-free exit.[43][42]
MT5’s Expert Advisors are the published automation route. A public API with specified payment or withdrawal permissions was not established, and no managed AI trading service is inferred from algorithmic-platform marketing. The company timeline separately mentions Kudo Funded; a proprietary-trading challenge is a different service and does not turn this retail CFD deposit into broker-provided funding.[11][17][20]
Brand history and corporate roles
Sections ↑Kudo dates its launch to 2024 and describes a 2026 transition from Kudotrade to kudo.com. The prior name is retained as an alias for this single broker profile. The timeline also records the copy-service launch and subsequent Dubai expansion; these are company-reported milestones, not independently verified customer or trading-volume statistics.[17]
The UAE company is described as handling promotion and introductions and expressly not holding trading funds or executing orders. Kudo Systems Ltd in Cyprus supports administration and payments; its company registration is not used as evidence of a CySEC brokerage permission. The legal hub tells clients to check the trading entity in the welcome email or the portal’s Account → User Settings → Profile area.[13][14][15][20]
- Headquarters
- Mauritius trading entity: Port Louis
- Founded
- 2024
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Kudo Trade (Mauritius) Ltd
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Financial Services CommissionGB24203599 | Not verified | Checked 19 Oct 2026Current company agreement and legal hub claim an investment-dealer licence, excluding underwriting, for company C215955. A current firm-level regulator entry was not independently retrieved. UAE promotion/introduction and Cyprus support roles are kept separate.Source 20Source 15 |
Sources & further reading
- Kudo: current international website Kudo · Accessed 19 Oct 2026
- Standard account: pricing and account comparison Kudo · Accessed 19 Oct 2026
- Pro account: standard-lot round-turn commission Kudo · Accessed 19 Oct 2026
- Current forex and CFD market menu Kudo · Accessed 19 Oct 2026
- Forex markets and account-specific minimum spread Kudo · Accessed 19 Oct 2026
- Gold specifications: XAUUSD versus XAUUSD247 Kudo · Accessed 19 Oct 2026
- Precious-metal CFD offer Kudo · Accessed 19 Oct 2026
- Stock CFDs: instrument examples and leverage Kudo · Accessed 19 Oct 2026
- Index CFDs: examples and leverage Kudo · Accessed 19 Oct 2026
- Energy and agricultural commodity CFDs Kudo · Accessed 19 Oct 2026
- MT5: download routes and automated trading Kudo · Accessed 19 Oct 2026
- Kudo Copy Trader: controls and illustrative provider display Kudo · Accessed 19 Oct 2026
- Legal hub: Mauritius trading and UAE introduction roles Kudo · Accessed 19 Oct 2026
- Current legal-document links and entity lookup procedure Kudo · Accessed 19 Oct 2026
- Current corporate roles and licence claims Kudo · Accessed 19 Oct 2026
- Support departments, hours and processing claims Kudo · Accessed 19 Oct 2026
- Company timeline and Kudotrade-to-Kudo rebrand Kudo · Accessed 19 Oct 2026
- Launch of XAUUSD247 on MT5 Kudo · 15 Oct 2026 · Accessed 19 Oct 2026
- Launch of automated cryptocurrency withdrawals Kudo · 19 Oct 2026 · Accessed 19 Oct 2026
- Client agreement: currently linked Terms and Conditions, PDF title V1.1 Kudo Trade (Mauritius) Ltd · Accessed 19 Oct 2026
- Order Execution Policy, PDF title V1.2 Kudo Trade (Mauritius) Ltd · Accessed 19 Oct 2026
- Risk disclosure, PDF title V1.1 Kudo Trade (Mauritius) Ltd · Accessed 19 Oct 2026
- Complaints handling policy, PDF title V1.1 Kudo Trade (Mauritius) Ltd · Accessed 19 Oct 2026
- Restricted regions policy V1.1; reviewed May 2026 Kudo Trade (Mauritius) Ltd · Accessed 19 Oct 2026
- What account currencies does Kudo offer? Kudo Help Centre · Accessed 19 Oct 2026
- What is Kudo's minimum deposit? Kudo Help Centre · Accessed 19 Oct 2026
- Which deposit methods do you offer? Kudo Help Centre · Accessed 19 Oct 2026
- How long until my deposit is reflected in my account? Kudo Help Centre · Accessed 19 Oct 2026
- Do you have any deposit fees? Kudo Help Centre · Accessed 19 Oct 2026
- How long does a withdrawal take? Kudo Help Centre · Accessed 19 Oct 2026
- What are your FIFO (First-In-First-Out) rules? Kudo Help Centre · Accessed 19 Oct 2026
- What withdrawal methods do you offer? Kudo Help Centre · Accessed 19 Oct 2026
- How can I cancel my withdrawal? Kudo Help Centre · Accessed 19 Oct 2026
- Why can't I see a withdrawal option? Kudo Help Centre · Accessed 19 Oct 2026
- Why is there an error when I try to withdraw? Kudo Help Centre · Accessed 19 Oct 2026
- Can I transfer my funds to another Kudo account? Kudo Help Centre · Accessed 19 Oct 2026
- I forgot my Kudo password, how can I reset it? Kudo Help Centre · Accessed 19 Oct 2026
- How to reset my MT5 login / password? Kudo Help Centre · Accessed 19 Oct 2026
- How can I close my Kudo account? Kudo Help Centre · Accessed 19 Oct 2026
- How does the Kudo Copy Trader work? Kudo Help Centre · Accessed 19 Oct 2026
- Will the trades be copied onto my MT5 account? Kudo Help Centre · Accessed 19 Oct 2026
- How and when will I be charged fees on the Kudo Copy Trader? Kudo Help Centre · Accessed 19 Oct 2026
- How do I stop copying someone on the Kudo Copy Trader? Kudo Help Centre · Accessed 19 Oct 2026
- Why are my trades on the Kudo Copy Trader not copying? Kudo Help Centre · Accessed 19 Oct 2026
- Why have my trades closed automatically? Kudo Help Centre · Accessed 19 Oct 2026
- What is the difference between Equity, Credit and Balance? Kudo Help Centre · Accessed 19 Oct 2026
- What is Margin, Free Margin and a stop-out level? Kudo Help Centre · Accessed 19 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.