I wanna try Kudotrade, but haven't seen many reviews. How's this broker?

https://www.kudotrade.com/#

Dear Investor,

Kudotrade claims to operate as Kudo Trade (Mauritius) Ltd, which is licensed by the Mauritius Financial Services Commission (FSC). While a matching entity appears on the FSC’s register, the regulator does not disclose associated websites or trading names, making it challenging to confirm the link between the broker and the licensed company.

It is also important to note that the Mauritius FSC is an offshore regulator with relatively light oversight and limited investor protection. Therefore, holding an FSC license alone does not guarantee strong safeguards for your funds.

Additionally, Kudotrade states it is incorporated in Cyprus, but there is no record of it being licensed by the Cyprus Securities and Exchange Commission (CySEC). This raises concerns that it may be conducting regulated activities in Cyprus without proper authorization.

Given these uncertainties and regulatory gaps, we strongly advise you to exercise caution and conduct thorough due diligence before engaging with this broker.