Score
Seychelles
|
5-10 years
| https://hugosway.com/
Website
Rating Index
Influence
B
Influence index NO.1
United States 5.89
LicensesNo valid regulatory information, please be aware of the risk!
Seychelles
WikiResearch
Dominica hugosway.com United States Dominica| Hugo's Way Review Summary | |
| Registered On | 2017-02-19 |
| Registered Country/Region | Seychelles |
| Regulation | Unregulated |
| Market Instruments | Forex, Cryptocurrencies, and Stocks |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | / |
| Trading Platform | MT4 (iOS, Web, Android, and Windows) |
| Min Deposit | $10 |
| Customer Support | support@hugosway.com |
| House of Francis, Room 303, Ile Du Port, Mahe, Seychelles | |
Hugo's Way is an ECN-connected broker that uses an STP (Straight-Through Processing) execution model with no dealer intervention. It offers the MT4 trading platform and provides various trading instruments such as forex, cryptocurrencies, and stocks. Meanwhile, the platform offers 24/7 customer support.
| Pros | Cons |
| Multiple trading instruments | Unregulated |
| Leverage up to 1:500 | Single Bitcoin withdrawal method |
| MT4 available | High leverage risk |
| Limited account information | |
| Unclear fee information |
Hugo's Way is unregulated, so its security is relatively low. It is recommended to choose brokers regulated by top regulatory authorities.
On the Hugo's Way platform, traders can conduct diverse trading, including cryptocurrencies, energies, futures, forex, indices, metals, and stocks.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Eenergies | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Precious Metals | ✔ |
| Futures | ✔ |
| Indices | ✔ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
The platform offers flexible and high leverage ratios, with a maximum of 1:500 for forex and stock trading, and a maximum of 1:100 for cryptocurrency trading.
Hugo's Way provides the mainstream platform MT4, supporting multiple trading versions, including iOS, Web, Android, and Windows.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | iOS, Web, Android, and Windows | Beginners |
The minimum deposit is $10. Hugo's Way supports deposit methods including direct Bitcoin deposits (minimum $50), purchasing and transferring Bitcoin via Instacoins (minimum $50), and wire transfers via Instacoins (minimum $100). Additionally, Bitcoin withdrawals can be processed as quickly as 1 hour.
Cryptocurrencies are the latest buzzword in the industry and many believe that they are the future. The technologies used in cryptocurrency transactions can make all kinds of financial transactions very secure and reduce the number of fraudulent interactions. Cryptocurrencies are still an unfamiliar concept for many prospective investors and business owners. Most are intimidated by this concept and have a limited understanding of its potential. Here’s a brief look at cryptocurrencies:
Hugo’s Way provides a wide variety of instruments, including forex, cryptocurrencies, stocks, and indices. As someone who trades a mix of these instruments, I appreciate having everything in one place on the Hugo trading platform.
Hugo's Way supports Bitcoin deposits via Instacoins and wire transfers. I personally like the ease of Bitcoin deposits, though the higher minimum for wire transfers ($100) could be a hurdle for some traders.
I’ve noticed that the minimum deposit is just $10, which is quite low and beneficial for those who want to start small. However, if you’re using Bitcoin, the minimum is $50, which is something to keep in mind. I prefer the flexibility of the $10 minimum deposit when starting out with a new platform like Hugo trading.
The major downside for me is that Hugo is unregulated. While the platform offers flexibility, including features like the Hugo demo account, the lack of oversight makes me wary about the safety of my funds.
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FX3445100313
Nigeria
Unable to make withdrawals from my trade account
Exposure
FX3445100313
Nigeria
I can’t withdraw from my account
Exposure
oooo
United Kingdom
Amazing people work in customer service. My experience here has been excellent, and I must point out that they have incredibly kind personnel, always easy to reach and eager to assist.
Positive
FX1210236230
Cyprus
You know what? The weird thing is that you can see clearly on this broker’s “Live Spreads” section that spreads on various trading instruments are narrow, but when you start real trading, things changed. I trade currency pairs, and indices on this platforms, spreads reaching up to 80 pips on the AUD/USD pair…
Neutral