Broker Details
| Minimum Trade Size: | 0.01 |
|---|
| Maximum Leverage: | 500:1 |
|---|
| Minimum to Open Live: | $10 |
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| Established: | 2018 |
| Address: | Beachmont Business Centre, Suite 65, Kingstown, St. Vincent and the Grenadines, Saint Vincent And Grenadines |
| Contact: | support@hugosway.com |
| Regional offices: | |
| Regulators: | |
| Prohibited countries: |
| Trading platforms: | MT4, WebTrader, Desktop Terminal |
| Web Trading: | Yes |
| Mobile Trading: | Yes |
| ECN: | Yes |
| Currencies: | (55+) |
| Cryptocurrencies: | (35+) Bitcoin, Litecoin, Ethereum |
| CFD: | (170+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities |
| EAs/Robots: | Yes |
| News Spike Trading: | Yes |
| Scalping: | Yes |
| Deposit Methods: | Bank Wire, VISA, MasterCard, Bitcoin, VLoad |
| Withdrawal Methods: | Bank Wire, Bitcoin, VLoad |
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Traders Reviews
Great low-cost broker
I have opened two PAMM accounts and i am really happy with the fast service
Hugo's PAMM account
Top notch company
Great Broker who can be trusted
New, fresh, motivated, competitive - keep it up guys!
PROS:
Have been trading mainly cryptos. Huge diversity of crypto pairs offered. AMAZING leverage also!
Fast support!
Telegram group. Keeping in touch with other traders and Hugo's way guys live is great. No more phone calls required, waiting for weeks to get a reply to your email...
The new members area is fascinating, sleek and easy to navigate, so well done guys!
The deposit options they offer really grab your attention.
CONS
- i'd with we had better swaps for when i'm holding long term positions (weeks/months) but then again which broker doesn't charge swaps right?
great service and products
so far very satisfied with the service. customer service very fast transparent and professional, spread and execution good, no requotes, a wide choice of instruments.
as it's a quite new broker they are constantly making improvements to the product list, and to their CRM platform, which they recently renewed completely for a better one.
deposit and withdrawals fast.
would definitely recommend it, and hope that they grow in size soon so they can negotiate better spreads, which is the only aspect I would improve and I am sure they will over time.
ESMA free broker
The only improvements I would like to see are better spreads, swaps for traders who have deposited more than $250,000 and maybe you can give us a free vps like your competitors.
Since you are a real ECN broker and you benefit from us being profitable maybe you should invest more in educating your clients. You should invite profitable traders to do webinars once a month.
Avoid news trading with HugosWay.com
website says: “With liquidity from over 50 different banks and dark pool liquidity”
I decided to try this broker to trade on news with an EA today
Executions not the best. So their liquidity is not the best.
Starting balance $100
Demo account result: $109
Real account result: $76
Are they robbing me ? :) May be not them but their liquidity providers. I don't know
With the other broker today I made ~60% during the same news event.
That was cons but their pros - withdrawal process to the bank card took less than hour - very fast
So probably it is good enough broker - just not for me at the moment
Frequently Asked Questions
Is HugosWay a regulated broker?
HugosWay is not regulated at this time. There is no designated government or non-government body to supervise the activities of HugosWay or to resolve complaints.
Please read unbiased traders reviews on Forex Peace Army here: https://www.forexpeacearmy.com/forex-reviews/14070/hugosway-forex-brokers#faq-is-hugosway-a-regulated-broker
And recent forums posts here: https://www.forexpeacearmy.com/community/tags/hugosway/ to decide whether HugosWay is a good forex broker for your trading needs.
How long does it take to withdraw money from HugosWay?
Withdrawal time from HugosWay depends on the withdrawal method.
- Bitcoin transfers happen within one day and can be tracked at blockchain.info.
- Withdrawals to cards up to the amount deposited by card can take up to a week to be credited by your bank.
- Withdrawals by bank wire are processed within 1 day, but may take up to 6 days to arrive.
How do I deposit money into HugosWay?
HugosWay accepts deposit by Bitcoin and Bank Wire as well as by Visa and Mastercard credit and debit cards.
Link: https://www.forexpeacearmy.com/forex-reviews/14070/hugosway-forex-brokers#faq-how-do-i-deposit-money-into-hugosway
Where is HugosWay located?
The postal address for HugosWay is at Global Gateway 8, Rue de la Perle, Providence Mahe, Seychelles.
Link: https://www.forexpeacearmy.com/forex-reviews/14070/hugosway-forex-brokers#faq-where-is-hugosway-located
What is HugosWay?
HugosWay is a forex trading broker. Hugos Way offers not only currency pairs, but also permits clients to trade cryptocurrencies and CFDS on stocks and commodities including precious metals.
Link: https://www.forexpeacearmy.com/forex-reviews/14070/hugosway-forex-brokers#faq-what-is-hugosway
Is HugosWay legal?
Although HugosWay is not regulated, many countries have no laws requiring regulation of forex brokers.
Link: https://www.forexpeacearmy.com/forex-reviews/14070/hugosway-forex-brokers#faq-is-hugosway-legal