HugosWay Review 2020

HugosWay General Fees

• HugosWay withdrawal fees varies on payment method
• HugosWay doesn't charge inactivity fees
• HugosWay doesn't charge deposit fees

Broker	hugosway	eToro	IC Markets	FP Markets
Min Deposit	10	200	200	100
Withdrawal Fees	varies	Yes	No	No
Inactivity Fees	No	Yes	No	No
Deposit Fees	No	No	Varies	Yes
CFD Commission Fees	Yes	No	Yes	Yes

HugosWay Commissions

• HugosWay does charge commission on CFD instruments.

Trading on HugosWay web platforms and other applications

HugosWay offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

HugosWay also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

HugosWay Trading benefits :

• Allows scalping
• Allows hedging
• Offers STP
• Low min deposit
• Offers Negative Balance Protection

HugosWay Trading Accounts Offered :

• Demo account
• Micro account
• Mini account
• Standard account
• STP account
• Islamic account

Can I try HugosWay before I buy?

HugosWay offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

HugosWay withdrawal and funding methods.

Please note that the list of payment methods below depend on the HugosWay Entity and the Clients Country of Residence.

HugosWay offer the below funding payment methods. learn more about HugosWay

• Credit cards
• Bank Transfer
• Skrill

Broker	hugosway	eToro	IC Markets	FP Markets
Bank transfer	Yes	Yes	Yes	Yes
Credit Cards	Yes	Yes	Yes	Yes
Paypal	No	Yes	Yes	Yes
Skrill	Yes	Yes	Yes	Yes
Payoneer	No	Yes		No
Neteller	No	Yes	Yes	Yes

How can I start trading with HugosWay?

When opening a trading account with HugosWay, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on HugosWay trading platforms here.

Performing trades with HugosWay

HugosWay allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. HugosWay allow you to execute a maxium trade of 100 Lot. As HugosWay offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

HugosWay are one of very few brokers that claim to have no requotes, so you don't have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the instruments.

HugosWay also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You can see all of the account features offered by HugosWay here.

HugosWay Leverage and HugosWay CFDs Explained

let's take a look at some of the basics of using HugosWay leverage.

HugosWay offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

HugosWay leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the HugosWay trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The HugosWay leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

HugosWay CFDs are typically used for short to medium term trades. For example HugosWay intraday trading.

Limiting Your Risk When Trading with HugosWay Negative Balance Protection

We should say something about negative balance protection with HugosWay. When trading using leverage an adverse move could result in losing more than your trading account balance at HugosWay. Your HugosWay account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.

Limit Risk When Trading with HugosWay Stop Loss, HugosWay Stop Limit Orders

A stop-loss order is an order placed with a broker like HugosWay to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at HugosWay

To trade effectively with HugosWay, it's important to get a have a good understanding of the HugosWay trading tools and the markets.

HugosWay offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with HugosWay.

Take time to look around the HugosWay platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at HugosWay

HugosWay support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish

See how HugosWay Support Compares Against Other Brokers

Broker	hugosway	eToro	IC Markets	FP Markets
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Languages	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish	English, German, Spanish, French, and Italian	English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more	English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese
Learn More	Visit HugosWay	Visit eToro	Visit IC Markets	Visit FP Markets
Risk Warning	Your capital is at risk	75% of retail investor accounts lose money when trading CFDs with this provider.	Losses can exceed deposits	Losses can exceed deposits

What you will need to open an account with HugosWay

As HugosWay is regulated by None, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under HugosWay Brand may be different.

• A scanned colour copy of your passport, driving license or national ID
• A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore HugosWay's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with HugosWay you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://hugosway.com/ on 12th August 2018.

HugosWay review written by Andrew Blumer and Mark Hansen