Broker Details
Minimum Trade Size: | 0.01 |
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Maximum Leverage: | 500:1 |
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Minimum Deposit: | $10 |
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Established: | 2018 |
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Address: | Beachmont Business Centre, Suite 65, Kingstown, St. Vincent and the Grenadines, Saint Vincent And Grenadines |
Customer Service: | support@hugosway.com |
Regional offices: | |
Regulations: | |
Prohibited countries: |
Trading platforms: | MT4, WebTrader, Desktop Terminal |
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Web Trading: | ✅ Yes |
Mobile Trading: | ✅ Yes |
ECN: | ✅ Yes |
Trading Instruments |
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Currencies: | (55+) |
Cryptocurrencies: | (35+) Bitcoin, Litecoin, Ethereum |
CFD: | (170+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities |
Trading Conditions |
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EAs/Robots: | ✅ Yes |
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News Spike Trading: | ✅ Yes |
Scalping: | ✅ Yes |
Managed Accounts & Social Trading |
Deposit Methods: | Bank Wire (Bank Transfer), VISA, MasterCard, Bitcoin, VLoad |
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Withdrawal Methods: | Bank Wire (Bank Transfer), 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
Pretty decent broker so far
Pros: fast deposits and withdrawals, crypto, 1:500 leverage, the spread is decent but could be better on other non-major pairs
Cons: sometimes the connection to the server going out and it could be out for about 10 minutes which can be frustrating when you want to take an instant market execution trade
best broker EVER
Not many other brokers allow you to buy only 0.01 micro of cryto.
And AGAIN ...I hate FXCM that was in USA... and Me and others bankrupt them in USA....They were " regulated" haha...and cheating clients!
Hugosway ...is the best broker I have had so far! 500:1 even for usa clients.
NO BODY IS BETTER
Nov 3, 2017 - No Rating Hello. I want to highly recommend this broker who is also my friend. He is one of the only one offering FOREX BITCOINS at leverage 100:1. I am a refering broker there fyi and also a trader who you can folow with 93 % performance in 24 days. Not onoy does hugosways provide some of the best spreads and excutions in the market but we are all like a family there of clients who are fed up with regulated USA brokers. If you have a US regulated you cannot be put in a pamn account ( managed and get that 93 % ) .... REMEMBER FXCM USA...trading against their clients and trowing their winning client out! REMEMBER THAT JERK "jason" who works for fxcm representing them here? I am responsable ( me and others like me ) for BANKCRUPTCING them in USA and SEND THEM PACKING to other countries. At hugosways...I can sleep at peace at night with the best spreads and a honest broker. I have a link that you can request by email and you will not be charge 30% performance fee but only 20% . Even if I were not a ib for them ....I most highly recommend them and also LMFX...all the rest I just don't like them . I traded 20 years ...trust me I have seen it all. Most people are "o my God " not USA regulated...Seriously stop being mind controlled by USA....they dont want any of us to succeed bit ridiculous leverage of 50:1 ....you may as well burn your money !
Only 2 options to deposit funds

As you can see on the FAQs on our website, there are three different methods in which you can deposit funds, which includes Credit/Debit Card. Unfortunately, this method is temporarily unavailable to our clients until we find an alternative processor which can provide our clients the facility which meets our high standards. It is for this reason, we had made the decision to stop using the previous processor because customer satisfaction is paramount to us.
However, the two options which are available to our clients are proven to be the quickest and most efficient way to fund their account, especially when it comes to withdrawals and receiving funds faster than Credit/Debit Cards.
We do highly recommend Bitcoin. And we are also offering to refund your fee’s when you purchase it and send it into Hugosway, Have you ever considered looking into this method? If not, please do come and visit our Live Chat where one of our dedicated Support Agents will walk you through the process. We guarantee you that you will be pleasantly surprised and satisfied when it come to quick deposits and faster withdrawals. Also, the good news is, you can still fund your Bitcoin wallet with your credit/debit card.
We thank you for your feedback and rest assured we are working hard at implementing additional payment methods for your convenience.
Hugo's the GOAT!
So far, a good experience; one of the rare honest broker in this industry.
I would give 5 stars if they had more funding options, but I'm pretty sure they are actively working on this.

Hugos way is simply the best if you're not on them your missing out!

Amazing broker with the best Customer Support!
The customer service is the best experience I have received their response time is impeccable and always resolve every issue you have or may have without looking at you just like another number in their books.
All around I give the broker a 5 star rating cause they have never disappointed me and resolve/ help with any issues I have. The company must be operated by a trader/former trader because honestly it’s the most user friendly site you could ever use!


Was not able to act on my trade (close, stop loss, take profit)
Trust me, be very careful of trading with them.. I was a new trader, and didn't know better. Shop around for real brokers, and avoid getting scammed...

I have tried to find your name in the system but cannot, What you have stated is untrue at Hugo's way our policy is if there is every a technical error we will always refund the client to break even or honor their take profit which ever is more beneficial to the client.
Sometimes technical errors happen, sometimes its our server problem and sometimes its an external liquidity provider such as Bitfinex, its unfortunate and unavoidable but what sets us apart is how we resolve these issues for our clients after the fact.
I would be happy to personally review any issues you had if you can email me robert@hugosway.com
5 stars all the way!
5 Stars all the way for Hugo's Way

Great broker and customer service

Hugosway is exceptional!



I have tried to find your name in the system but cannot, What you have stated is untrue at Hugo's way our policy is if there is every a technical error we will always refund the client to break even or honor their take profit which ever is more beneficial to the client.
Sometimes technical errors happen, sometimes its our server problem and sometimes its an external liquidity provider such as Bitfinex, its unfortunate and unavoidable but what sets us apart is how we resolve these issues for our clients after the fact.
With regards to someone stealing your phone and placing trades, Yes you are right there is nothing we can do about this, its is ultimately the traders responsibility to ensure his logins and passwords are not compromised, We are a True ECN and as such all trades go to the market we cannot recall them or cancel them if your phone is stolen. Its very unfortunate that this happened.
With regards to withdrawing to BTC you are free to do so once you close the loop on your deposits, all deposits must be returned the same way as it comes in this is not a silly rule Hugo’s Way have this is the industry standard and falls in line with anti-Money laundering international laws which we must adhere to.
I would be happy to personally review any issues you had if you can email me robert@hugosway.com

GREAT BROKER!


I have tried to find your name in the system but cannot, What you have stated is untrue at Hugo's way our policy is if there is every a technical error we will always refund the client to break even or honor their take profit which ever is more beneficial to the client.
Sometimes technical errors happen, sometimes its our server problem and sometimes its an external liquidity provider such as Bitfinex, its unfortunate and unavoidable but what sets us apart is how we resolve these issues for our clients after the fact.
I would be happy to personally review any issues you had if you can email me robert@hugosway.com

This was true for your region at the time, we have multiple deposit and withdraw methods depending on clients locations, we are constantly adding more so please do check back with us every now and then. I believe for your location now there is Cards and Bitcoin and Wires available.
We are also adding CAD trading accounts very soon
I would be happy to personally review any issues you had if you can email me robert@hugosway.com
They don’t care about you

I have tried to find your name in the system but cannot, Our pricing is provided by streaming liquidity providers Bids and Asks and depth of volumes together to provide MT4 with a BID and ASK price and the difference is spread.
A lot of traders don’t understand that a sell trade uses the ASK price and not the BID price and a candle in MT4 only every shows the BID Price and not the ask price. You can turn the ask price on your chart by setting it on the chart properties.
Sometimes generally at 5pm EST spreads can widen either on the Bid or the ask side this is due to rollover when a lot of LP's actually close for 5 minutes and swaps get applied and interbank settle the daily positions. this can cause the spreads to widen sometimes but a little sometimes by a lot.
We are a true ECN and as such we have no plugins or tools to manipulate anything this is the raw pricing feed from our aggregated liquidity pool. Being a True ECN we do not profit or lose from clients losses or profits and as such we have no motivation for you to lose, we would actually prefer you win which means you will trade more and we will earn more from the trade commissions.
Hugo's way our policy is if there is ever a technical error we will always refund the client to break even or honor their take profit which ever is more beneficial to the client.
Sometimes technical errors happen, sometimes its our server problem and sometimes its an external liquidity provider such as Bitfinex, its unfortunate and unavoidable but what sets us apart is how we resolve these issues for our clients after the fact.
I would be happy to personally review any issues you had if you can email me robert@hugosway.com
Stay away if you wanna win
Stay away from hugosway, the name itself sounds dishonest.

I have tried to find your name in the system but cannot, What you have stated is untrue and there is not one price for forex, when your looking at trading view you are looking at another brokers pricing not ours, pricing is provided by streaming liquidity providers Bids and Asks and depth of volumes together to provide MT4 with a BID and ASK price and the difference is spread. A lot of new traders don’t understand that a sell trade uses the ASK price and not the BID price and a candle in MT4 only every shows the BID Price and not the ask price. You can turn the ask price on your chart by setting it on the chart properties.
Sometimes generally at 5pm EST spreads can widen either on the Bid or the ask side this is due to rollover when a lot of LP's actually close for 5 minutes and swaps get applied and interbank settle the daily positions. this can cause the spreads to widen sometimes but a little sometimes by a lot.
We are a true ECN and as such we have no plugins or tools to manipulate anything this is the raw pricing feed from our aggregated liquidity pool. Being a True ECN we do not profit or lose from clients losses or profits and as such we have no motivation for you to lose, we would actually prefer you win which means you will trade more and we will earn more from the trade commissions.
Trading view does not show the ask price and only shows the Bid price so your not getting a full picture by only using that feed.
Hugo's way our policy is if there is ever a technical error we will always refund the client to break even or honor their take profit which ever is more beneficial to the client.
Sometimes technical errors happen, sometimes its our server problem and sometimes its an external liquidity provider such as Bitfinex, its unfortunate and unavoidable but what sets us apart is how we resolve these issues for our clients after the fact.
I would be happy to personally review any issues you had if you can email me robert@hugosway.com
Dec 17, 2018 - 1 Star Hugo sells your entry and stop loss to the banks just like every other broker. Ive seen it happen several times with them now. Amd auppose to have 500:1 leverage yet they dont give you that. Of course i would never use max leverage. I am leaning to them being a scam broker now 100% they are not regulated. The way to send money is through zelle which is great except its in some guys name under a travel agency if that doesnt say scam I dont know what does. And they only offer mt4 and why is that because they use the mt4 plug in to manipluate it and go back and fix it later i have caught then doing that thank god i wasnt in that trade but many in my company was. If you dont know about the mt4 plug in go watch a broner who shows what it is and how they use it and does it live to people. Any legit broker would be offering ctrader or at least mt5 that no scam plug ins can be used on to manipulate it. And the broker that is warning everyone even explained how they are trained ro say oh that was a stop out or slippage as if we are stupid and haven't been trading probably longer than them. Ill stick with lmfx it may take a few days to a week to get my money but at least they arent scamming people. And good luck trying to get money sent back to your account with zelle fron hugo it wont happen. Do not use hugo total scam broker. Its time our government do something about these crooks steeling peoples money frankly the loser thiefs doing it need minimum thrown in priaon for 20years minimum.

I have tried to find your name in the system but cannot, What you have stated is untrue at Hugo's way our policy is if there is every a technical error we will always refund the client to break even or honor their take profit which ever is more beneficial to the client.
Sometimes technical errors happen, sometimes its our server problem and sometimes its an external liquidity provider such as Bitfinex, its unfortunate and unavoidable but what sets us apart is how we resolve these issues for our clients after the fact.
I would be happy to personally review any issues you had if you can email me robert@hugosway.com

I have tried to find your name in the system but cannot, What you have stated is untrue at Hugo's way our policy is if there is every a technical error we will always refund the client to break even or honor their take profit which ever is more beneficial to the client.
Sometimes technical errors happen, sometimes its our server problem and sometimes its an external liquidity provider such as Bitfinex, its unfortunate and unavoidable but what sets us apart is how we resolve these issues for our clients after the fact.
I would be happy to personally review any issues you had if you can email me robert@hugosway.com
STAY AWAY SCAM/FRAUD MANIPULATING STOP LOSS/ENTRY/TAKE PROFIT

Hugosway.com Did Not treat me properly(26) Trades that I did Not Place were on my Account.
Great Traders get Lock Out and Shown Different Chart
Not legit broker
Terrible broker, steals money.

Thieves
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.
Overall great
Awful
TP skipped Buy/Sell stops moved
C:\Users\me\Desktop\Hugofuckedupbigly.png
Good
2 weeks and still no money
Service use: Live
Length of use: 6-12 Months
Even after I've given them everything they requested, it's now been over 2 weeks and my money hasn't reached my bank account.
What a sorry excuse for a broker.
Please avoid them if you like your hard earned money.
Jun 4, 2019 - 1 Star Last update for hugosway. 06/04/2019.
So I had an open trade with a trail stop in place. But as soon as the price hit, right before my eyes the candle changed shape, gapped and then I wasn't able to update the trade. Obvious price manipulation.
I opened a ticket with hugosway but they refused to refund me the losses even after admitting that THEY had server issues. This alone cost me 1800 dollars. They claim that if it's their fault they will refund you, but it's all a lie. This is a scam broker. They have convenient server issues all of the time and don't care about thier customers. They got off to a good start but quickly fell off. Stay away from this broker if you want to keep your money.
I have withdrawn all of my money. Goodbye hugosway.
Apr 5, 2019 - 1 Star So this is an updated review. This broker started off well so I had given them a 4 star review but now I see why there are so many recent bad reviews. Here are the things I've noticed:
1. Terrible slippage - Slippage is normal in trading but man is it bad with hugosway. When a trade hits your SL, there is plenty of slippage, but when it hits your take profit, they give the exact amount, no matter how fast the trade goes past it.
2. Server down - HW's servers go down frequently. During NFP today, they were down for a whole 3 hours which is ridiculous. If they manage to retain any customers after today, it will be a miracle. I personally missed out on about 5k thanks to this "hiccup."
3. Customer Service - I've noticed that they are very responsive but not necessarily very helpful. They give you scripted answers every time and tell you they are not trading experts.... wtf? Then why even be there?
4. We're about to find out today how good they are with withdrawals... I'm taking my 6-figure account out of there before any worst damage is done!
In summary, I no longer recommend hugosway. What a shame.
Feb 24, 2019 - 4 Stars I'm reading a lot of recent bad reviews for Hugosway, but I haven't had any issues yet. I've grown my account by over 70% in 1.5 months and haven't see anything shady from them.
I will mention that an inordinate amount of trades in the past week have gone 0.3- 0,5 pips (yes less than one pip) away from Take profit and then reversing, but this I attribute to bad luck. If more of this happens, then maybe I'll raise an eyebrow.
Other than this, Fast deposits/withdrawals and good options, decent spreads and 1:500 leverage, half pip commissions and great customer service via chat, this makes HW a top broker in my opinion. Haven't noticed anything shady like stop hunting or any other type of manipulation, but I've been winning so haven't looked too closely.
I just opened a decently large account with them, so I'll have more in the coming days/weeks. Hopefully they maintain this awesome track record.
Some recommendations for HW to get 5 stars:
1. Add more deposit/withdrawal options (i.e. CC). Although, I did do a wire and from submittal to money being in my account, it took 2 business days, which is awesome.
2. Offer free/paid VPS for those who want to use EA's or trade multiple accounts with trailing stop losses. I fall into the latter.
3. Consider increasing leverage.
4. No commission option.
5. I've been with good brokers that really fall off due to greed. Please keep up the good work and don't fall into the greed trap.
Bitcoin Trading Shut Down
Great broker
Service use: Live
Length of use: over 1 Year
Good until it was real bad
Service use: Live
Length of use: over 1 Year
Problems
Service use: Live
Length of use: 3-6 Months
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
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.
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