HugosWay Review

2.846 · 124 REVIEWS

Hugo's Way

Updated: Apr 16, 2021 ·  · Is this your company?

Hugo'sWay is a forex broker. Hugo's Way offers the MetaTrader 4 forex trading top platform. offers over 50 forex currency pairs, cfds, indices, stocks, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.


Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $10
Established: 2018
Address: Beachmont Business Centre, Suite 65, Kingstown, St. Vincent and the Grenadines, Saint Vincent And Grenadines
Regional offices:
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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2.846 · 124 REVIEWS
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Traders Reviews

london, United Kingdom,
Jun 16, 2020,

great easy broker yo use

Service use: Live

Length of use: over 1 Year

been using this broker for a while now with some EA's and have to say the customer service is top notch. and the withdrawls are mostly same day.
Reply by hugosway submitted Jun 19, 2020:
Thank you
Kent, United Kingdom,
Jun 16, 2020,
Registered user

Does what I expect a broker to do

Service use: Live

Length of use: over 1 Year

With so many brokers on the market it is hard to really distinguish between bad, ok, good and great for me as they should all just serve a purpose but maybe I have my expectations set too high!

After looking around for brokers I came across Hugosway and read some reviews which were generally very good. My other broker IC Markets, while decent lacks the crypto assets that I was keen to look into. I had already aware of the lack of regulation and this was not a concern of mine as I never keep more in a broker than I can afford to lose anyway and I favoured the higher leverage and lower fees offered.

I opened a demo and account and the experience is good. The webtrader is a nice addition to use if you want access to the account without downloading MT4. Spreads were generally ok, particularly on the cryptos. The chat facility was good and the staff very friendly but in 2020 isn't that something that should be the norm?

I went on to a live account and found the bitcoin deposits ok. Takes a little longer to hit the account than card but the trade off is that withdrawals are much quicker. In my experience they take around 2 hrs, give or take. In my time of using them live I can't say I have ever noticed any voiding of trades or random movements not accounted for on Trading View or anything so it is a stable platform to trade on. The number of assets, indices, cryptos, etc to trade is also quite impressive.

Overall a decent experience, perhaps tempered by my expectations of what a broker should offer. This should be normal so I have graded based on that sentiment. Sadly there are certainly worse brokers out there. It is a shame that finding a decent one is the first battle you face without the challenge of learning to trade itself!
  1 trader has found this review helpful
Reply by hugosway submitted Jun 19, 2020:
Thank you very much for your kind review
Wales, United Kingdom,
Jun 14, 2020,
Registered user

Good broker had no issues.

Been using these for sometime now, was first interested because of the ability to deposit and withdraw with bitcoin. I found the spreads on forex pairs to be very good and the amount of crypto’s to trade there are more than most brokers have. Withdrawals have been quick and when I’ve used the customer support they’ve been very responsive.
Reply by hugosway submitted Jun 16, 2020:
Thank you for providing a review of our service
Lagos, Nigeria,
Jun 12, 2020,
Registered user

Withdrawal issue

Service use: Live

Length of use: 0-3 Months

I've been having a pending withdrawal issue for about a week now contacted the support with no response till now
  1 trader has found this review helpful
Reply by hugosway submitted Jun 16, 2020:
Hi, i have tried to locate your account under your profile name of Ibraheem Rahman and i'm afraid that we do not have any clients with that name on our system. Please could you reach out to support again or edit this review with some account information so we can locate your account and respond to the issues that you are having?
Some where, USA,
Jun 12, 2020,
Registered user


Service use: Live

Length of use: 3-6 Months

They manipulate the market and trade against you run! I have proof from FTMO that I’m a damn good trader but for some reason I can’t win a trade to save my life at Hugo’s way!? Stay away from B book brokers! Take the bad reviews to heart and ignore the lure of high leverage because you will never be profitable with Hugosway unless your a YouTuber or a representative for Hugos way.
  1 trader has found this review helpful
Reply by hugosway submitted Jun 16, 2020:
Hi, i'm so sorry that you felt the need to provide us with a bad review based on your experience trading with us. Unfortunately you did not leave any account information via FPA when placing the review so we cannot locate your account and dig deeper into the problems that you may be facing. Please reach out to support again providing your account information or edit this review and we will be more than happy to review your account and publicly respond.
Essex, United Kingdom,
Jun 11, 2020,
Registered user

Good broker forex and crypto

I have been using Hugosway since March 2019 and would recommend them as a good all round broker. I use them for forex and 24/7 crypto. I have found the leverage good for both as well as the amount of pairs available to trade. Also impressive is the fact that all my withdrawals so far have been made same day.
Reply by hugosway submitted Jun 16, 2020:
Thank you for taking the time to review us
fanling, Hong Kong,
Jun 9, 2020,
Registered user

Made good money on this platform thanks to the crypto trading

Service use: Live

Length of use: over 1 Year

I joined Hugosway over a year ago now due to them offering 24/7 crypto trading. Its something i wanted to explore more as the forex markets are closed over weekends.
The leverage worked well for me mostly trading Bitcoin as i find a broker mt4 platform much easier to navigate than a crypto exchange. I havent had any issues with deposits or withdrawals (and ive done quite a few withdrawals). Long live bitcoin as ill be here like always trading it up and down. I would recommend this platform for the ease of use and good trading conditions
Reply by hugosway submitted Jun 16, 2020:
Thank you for taking the time to post a review
England, United Kingdom,
Jun 8, 2020,
Registered user

Great broker for 18 months

Service use: Live

Length of use: over 1 Year

I've been using hugosway for over 18 months now and I've been very happy. I can't think of any reason not to use them. Leverage is ideal for me and spreads are good enough. Withdrawals have been timely. I always deposit with bitcoin which is processed pretty quick. All the currency pairs I need. Don't do loads of crypto but there's plenty on there. Gets my vote 
Reply by hugosway submitted Jun 9, 2020:
Thank you for your kind words
Varna, Bulgaria,
Jun 4, 2020,
Registered user

Good experience

Length of use: over 1 Year

I have only good experience with them. One of my favorite brokers. The big pluses for me are fast withdraws and 24/7 crypto trading.
Reply by hugosway submitted Jun 9, 2020:
Thank you, we try our best to make withdrawing as smooth as possible
Illinois, USA,
Jun 3, 2020,
Registered user

Stole my money

Service use: Live

Length of use: 0-3 Months

On Wednesday morning (June 3rd, 2020) I was up early in the morning and my last trade had closed out at around 5am. I checked over everything one last time at about 7:30am. I woke up from a nap at 8:30am and there was a Gold trade that had been entered with a 2.0 lot. Two trades to be exact. Neither of them were executed by me. And the trades lost $2344 of my $2740.94 balance. A 2.0 sized lot is totally inconsistent of my risk history especially being a Gold trade. I have no idea why this was able to happen without my authorization but these trades were not my doing. This broker ran with my money and basically told me they won't do anything when i reached out for support.
  4 traders have found this review helpful
Reply by hugosway submitted Jun 9, 2020:
Hi KDORSEY13, thank you for providing us with your account information via FPA for us to properly reply to your complaint. I have managed to locate your account and analysed the two gold trades you refer to in your review. I can see that both trades were placed via the mobile app (which you normally use to place trades), however I do also see that it was made from an IP address that you do not normally use. This leads me to believe that you have shared your MT4 account credentials with a third party.

We have also analysed the trades that were placed which you can see in the following screenshot: . The red arrow shows the time and price your trades were entered (7 seconds apart). It appears that the two BUY trades were entered in an upward trend with the hopes that the trend would continue. Unfortunately a few minutes after the trades were opened the trend changed, which as a result of no stoploss in place, the account got margin called.

We cannot stress enough for traders to never share their account information with third parties. We can assure you that HW did not and will never open any positions for clients and categorically did not steal your money as your review claims.

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:

And recent forums posts here: 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
  • 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.


Where is HugosWay located?

The postal address for HugosWay is at Global Gateway 8, Rue de la Perle, Providence Mahe, Seychelles.


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.


Although HugosWay is not regulated, many countries have no laws requiring regulation of forex brokers.