Brokerage firm Kudotrade has acquired a license in Mauritius.
The company was launched earlier this year and previously had an entity registered in St Lucia, a popular place for start up firms as set up costs are low and there is no regulation governing CFD trading.
“Obtaining the FSC license is a pivotal step for Kudo Trade as we continue to grow and enhance our offerings in the financial trading space,” said Finley Wilkinson, Director at Kudotrade.
“This license not only solidifies our presence in the Forex and CFD market but also reflects our unwavering commitment to regulatory excellence and client satisfaction. We are excited to bring more investment opportunities and trading innovation to our clients globally.”
Kudotrade appears to have employees across the UK, Cyprus, and Dubai. Some executives have prior experience at firms like NAGA and Taurex.
Mauritius has become, alongside the Seychelles, one of the most popular places to start a broker today. Alongside more favourable regulations on leverage, getting licensed under the local Financial Services Commission also means you can access better banking services.
