This New CFD Broker Will Launch Prop Trading, but Can It Compete with OANDA and Axi?

KudoTrade, which launched a contracts for differences (CFDs) brokerage in recent months, is now entering prop trading and plans to launch the services in the “coming weeks.” It remains unclear whether the broker will offer the prop trading platform under its own brand or a separate name.

A New Entrant in the Prop Trading Arena

The broker confirmed today (Wednesday) that its prop trading services are currently “in final testing.” It will provide early access to “selected users” and is expected to launch to the public. However, it did not mention how it will select the initial users.

“We built our prop trading platform with one core mission: to give talented traders the tools and capital they need to thrive,” said Finley Wilkinson, Director at KudoTrade. “Our plans are a major step toward that mission.”

Wilkinson, according to his LinkedIn profile, joined KudoTrade last year as its Chief Marketing Officer and later became its Chief Operating Officer. Prior to that, he worked for several years at TeamFX, a UK-based trading education platform.

The KudoTrade brand was only established in 2024 and is offering services under a Mauritius licence. It has recently recruited several experienced CFD professionals based in Cyprus.

In October, Konstantinos Chrysikos joined the company after previously working for CAPEX.com; he now serves as Director and Head of Customer Relations. Marc Olivier also moved to KudoTrade from Amana Capital and Zenfinex. The broker also hired Catharine Ioannou, who previously worked at BDSwiss and SquaredFinancial, as its new Global Head of Human Resources.

Prop Trading Is Now a Supplementary Service for CFDs Brokers

The interest of CFDs brokers in prop trading is not new. Giants like OANDA, Axi, Hentec, IC Markets, ThinkMarkets and many others already offer prop trading services alongside their CFDs brokerage.

Interestingly, a survey by PipFarm, another prop brand, showed that about 60 per cent of traders trust broker-backed prop trading platforms.

Meanwhile, established prop brands are expanding their services to include brokerage. In a surprising deal, FTMO agreed to buy OANDA, while FundedNext launched brokerage services under a Comoros licence and is seeking approvals from Dubai and Mauritius.

Many other prop firms also obtain offshore brokerage licences and register in jurisdictions like St Lucia, which do not license brokers but allow firms to acquire MetaTrader licences.