ANSWER KUD is not a licensed or regulated broker even though it states offers that look good to be true. KUD claims to be a registered broker with authorization from the United Kingdom Financial Services Authority (FSA) under registration number 220929. But as forex traders, you should know that the current forex regulator in the United Kingdom is Financial Conduct Authority (FCA) not FSA. So when we searched in FCA, with no doubts, we did not find any match results to this broker in FCA.Besides, KUD shows its company address is in Hong Kong. As per relevant law, all regulated forex brokers in Hong Kong are monitored by the Hong Kong Securities And Futures Commission (HK SFC). But we did not find any match results to KUD in HK SFC.The truth is, KUD is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like KUD and trade with licensed brokers.
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