HugosWay review: Is it a legit or scam forex broker?
5 star HugosWay review by HeavenLeighRob, USA
I liked being able to open an account with $10 in the beginning. I know that isn't much to get started, but I was hesitant as a beginner and felt more comfortable starting with a small amount. I liked that this broker didn't pressure me to deposit more and that I was able to trade with lower than average spreads without depositing hundreds or thousands of dollars. It's also helpful knowing that their customer support team can be reached so easily in case it's ever needed.
What is HugosWay?
HugosWay is a forex broker online since August 2018. Headquarters is located in St. Vincent and the Grenadines and the broker is not regulated.
Hugo Fx trading instruments include over 55 currencies, 35+ cryptos, and 170+ CFDs including precious metals, stocks, indexes, and commodities.
MT4 platform is hugo sole trading platform. It is available as browser WebTrader, Mac and PC desktop versions, and also as Apple and Android mobile.
Hugo Way's special features are Bitcoin funding and withdrawals, and the notable company blog.
Please read HugosWay com Reviews below and share your live trading experiences with this broker.
|Minimum Trade Size:||0.01|
|Minimum to Open Live:||$10|
|Address:||Beachmont Business Centre, Suite 65, Kingstown, St. Vincent and the Grenadines, Saint Vincent And Grenadines|
|Trading platforms:||MT4, WebTrader, Desktop Terminal|
|Web Trading:||✅ Yes|
|Mobile Trading:||✅ Yes|
|Cryptocurrencies:||(35+) Bitcoin, Litecoin, Ethereum|
|CFD:||(170+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities|
|News Trading:||✅ Yes|
|Deposit Methods:||Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin, VLoad|
|Withdrawal Methods:||Bank Wire (BankTransfer/SWIFT), Bitcoin, VLoad|
Recent User Reviews of HugosWay
Decent all round broker
So i found out about Hugosway when i first started my crypto journey about a year ago now, i was looking for a broker that had decent leverage as i didnt just want to buy a coin and hold it, i wanted to make some money trading the charts. selling the dips and then buying again.
After i finished my research (as we all should be doing) i came across these guys, and as i do with all new brokers i want to test to see how well they do, so i open a demo account first of all, then contacted customer support and asked a ton of questions which they replied pretty quickly. so that was a very good thing to see.
i then opened a live account, deposited my money and withdraw it the very next day and i was so surprised how fast the withdrawal took, within a few hours it was back in my account without any issues what so ever.
As ive been trading for a good few years on another broker, i want to check out their forex leverage, i was happy to see it matched my previous broker with 1:500 leverage which is just what i was used to, with there crypto option for weekend trading at 1:100 it was a no brainer, i completely did a switch so now Hugosway is the only broker i use for forex and Crypto, withdrawals havent slowed down at all still a year later i get my withdrawals within a few hours.
Spreads are decent. i cant complain on this at all.
Customer support are out of this world.
forex and crypto leverage are exactly what i need.
Overall opinion on this broker 5 stars easily and wouldnt change to anyone else now. so thank you. keep up the great work.
Easy and hassle free to use for first time trader
After deciding that I wanted a broker with higher leverage and one that enabled me to trade both Crypto and Forex I chose Hugosway. I was able to sign up and use a demo account first and then moved onto a live account when I was ready, and it was very quick and smooth.
I will say the live chat has been incredibly helpful. As a new trader, I had what I now regard as very silly questions but at the time having someone there to answer them and keep me moving forward was a lifeline, or at least thats how it felt :)
So for me, it is so far so good trading on Hugosway.
The leverage they have a better than what a lot of brokers are offering especially on the crypto’s and they also have a good variety of them to trade along with the currency pairs and other assets.
Ive withdrawn a few times with them and each time it’s arrived in my wallet the same day, if you’re after a broker that excepts bitcoin funding it’s definitely worth checking these out.
Ticks the boxes
There support is also available 24/7, so if there’s a particular market you prefer to trade and it’s first thing in the morning, the support is there if needed.
Would suggest trying these out as been going a while and spreads, leverage and amount of pairs to trade tick the boxes I need.
For me it has been smooth
Their deposits are quick and so are their withdrawals. They refund your money if there was a legit issue, though I haven't done this before but I've seen them refund other peoples money.
Before you trade, just put an SL/TP and I don't trade during high impact news anyway, just the hour before or after. DURING, you're asking for trouble, from any broker.
Find Similar Brokers
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?
- 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?
Where is HugosWay located?
What is HugosWay?
Is HugosWay legal?