HugosWay Rated 3/5

HugosWay Guide - Read our In Depth 2022 HugosWay Review

This HugosWay review was written by industry experts with over 20 years of financial experience in Forex, Cryptocurrency, Stocks.
The content in this HugosWay review does not apply to US users.

Benefits of Trading with HugosWay

HugosWay Review 2022 Quick Summary
๐Ÿ’ฐ Min Deposit 10
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 5,000 HugosWay users and traders
๐Ÿ“† Founded 2017
๐ŸŒ HQ St. Vincent and the Grenadines
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Unregulated
๐Ÿšซ Excluded Countries HugosWay is not available in the following countries : US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR

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Your capital is at risk


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78% of retail investor accounts lose money when trading CFDs with this provider.

What is HugosWay?

HugosWay are a global online financial trading platform and multi asset broker founded in 2017

Over 5 years later HugosWay has grown to offering retail investors Forex trading, Cryptocurrency trading, and Stocks trading.

HugosWay are a global broker. HugosWay have a head office in St. Vincent and the Grenadines.

HugosWay have a listed stock symbol. This means that HugosWay have publically listed and you can officially buy/sell shares in HugosWay on one of the worlds global stock market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this HugosWay review and assess how well the HugosWay platform functions in its role as an international multiple financial asset trading platform for traders in 2022.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like HugosWay can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of HugosWay we breakdown the pros and cons. What HugosWay are able to offer, what countries HugosWay are available in. Who HugosWay are regulated by and more.

HugosWay Review Screenshot

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. In order for you to have a good working profitable relationship, ensure that your needs fit the profile of your broker as well.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate, analyse, and trust your hard-earned cash with only the safest and best of brokers. We hope you find this HugosWay review useful.

This review of the HugosWay platform is very detailed. If you are interested in trading with HugosWay in any capacity please take the time to read and research the whole HugosWay review.

We have tried to explain the ins and outs of financial trading through the HugosWay platform as plainly as possible so that you the trader are as informed as possible before you start to use the HugosWay trading tools and depositing and withdrawing funds from HugosWay.

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with HugosWay like Forex trading, Cryptocurrency trading, and Stocks trading. You should have confidence in HugosWay and know that the management of your financial investments on the HugosWay platform are in good hands.

At the bottom of this HugosWay review you can also learn about some pretty good alternatives to HugosWay

With this HugosWay review we hope to help you see if HugosWay is a good fit for you.

It is a common myth that online trading is easy. Online trading is difficult and traders must do their own research and have a clear understanding of what they are doing. In this article, you will learn important information regarding HugosWay that will help you get off to a good start in the world of online trading.

HugosWay Review Table of Contents

HugosWay review
HugosWay is a Multi-Assets Trading Platform with over 100+ Assets

Learn more about HugosWay. HugosWay is a multi asset platform with 100+ tradable Assets. Assets available on HugosWay include Forex, Cryptocurrency, Stocks.

HugosWay trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex, Cryptocurrency, Stocks are considered financial assets.

Features of HugosWay

HugosWay review
What you should know

HugosWay offer three ways to trade: Forex, Cryptocurrency, Stocks. The assets and products available to you on the HugosWay trading platform depend on the region of the world you are in and what entity you have an account with.

With HugosWay you will need a minimum deposit of $10. You can sign up for a demo account to acquaint yourself with HugosWay platform.

HugosWay are able to accommodate various levels of traders whether you are experienced or a beginner.

Are HugosWay safe?

When choosing a broker like HugosWay the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2017, and in operation for 5 years HugosWay have a head office in St. Vincent and the Grenadines.

HugosWay is not regulated. This means HugosWay are not supervised by any regulatory bodies.

Regulated brokers are highly unlikely to manipulate market prices due to the regulations imposed. When you send in a withdrawal request to HugosWay, this will be honored.

Your capital is at risk

Is my money safe with HugosWay?

Any payments funded to HugosWay accounts by traders are held in a segregated bank account.

For added security HugosWay use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should HugosWay use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and are typically able to withstand unexpected losses.

What does it mean to have your funds in HugosWay deposited in a Tier 1 bank?

Having any money you deposit with HugosWay means that your funds are kept in a bank that has enough capital to accommodate your withdrawal wishes even if HugosWay goes out of business for some reason.

Therefore, we can safely conclude that HugosWay is reasonably secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex, Cryptocurrency, Stocks is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. HugosWay also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regarding HugosWay. let us look at the HugosWay features in more detail.

Try creating two accounts when you are working with HugosWay. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit HugosWay

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How HugosWay as a Company Compare Against Other Brokers

Broker hugosway eToro IC Markets Roboforex
Year Established 2017 2007 2007 2009
Head Office St. Vincent and the Grenadines Cyprus, UK Australia Cyprus
Regulation Unregulated Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC)
Used By 5,000+ HugosWay users 27,000,000+ eToro users 180,000+ IC Markets users 10,000+ Roboforex users
Negative balance protection Yes Yes Yes No
Guaranteed Stop Loss No No No No
Learn More Visit HugosWay Visit eToro Visit IC Markets Visit Roboforex
Risk Warning Your capital is at risk 78% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits Losses can exceed deposits

HugosWay review
HugosWay Pros and Cons

What we like about HugosWay

  • Used by over 5,000 HugosWay users and traders
  • Established in 2017
  • Min. deposit from $10

What we don't like about HugosWay

HugosWay review
HugosWay Regulation and Licensing in more detail

HugosWay are not supervised or regulated by any well known regulatory bodies. Its normal to find online brokers like HugosWay that are not regulated yet appear to be legitimate.

HugosWay maybe relatively new. Some brokers provide their service under offshore licenses to save operational costs. Regulatory licensing can be very costly. We recommend only trading with regulated brokers. Should anything go wrong with HugosWay you are not guarenteed help in a difficult situation.

  • Unregulated

Is HugosWay Global?

Yes, HugosWay is global as HugosWay is available in over 188 countries.

HugosWay is a global trading platform in the sense that it operates in 188 countries including nations in Europe, Asia, Oceania, and Africa. Major countries HugosWay covers include the UK, Germany, Australia, South Africa, Thailand and China. HugosWay has a total of more than 5,000 users.

HugosWay review
HugosWay Fees Explained

  • HugosWay withdrawal fees varies on payment method
  • HugosWay does not charge a fee for inactive accounts.
  • HugosWay doesn't charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.

How HugosWay Fees Compare Against Other Brokers

Broker hugosway eToro IC Markets Roboforex
Min Deposit 10 10 200 1
Withdrawal Fees varies Yes No Yes
Inactivity Fees No Yes No No
Deposit Fees No No Varies No
CFD Commission Fees Yes Yes Yes No

HugosWay Minimum Deposit

HugosWay require a minimum deposit of 10 GBP/USD/EUR when opening an HugosWay trading account.

A minimum deposit is the minimum amount of money required by HugosWay to open a new online brokerage account with them.

Don't be scared off by brokers like HugosWay charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on their platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make returns some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

HugosWay Withdrawal Fees

HugosWay withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your receiving currency and your payment provider.

For example HugosWay allows you to withdraw your funds to Payoneer, Credit cards, Bank Transfer, PayPal, Neteller, Debit cards.

HugosWay Inactivity Fees

HugosWay does not charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts and clients may have to fulfill.

If a clients trading account does not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

HugosWay Deposit Fees

HugosWay does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee.

The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

HugosWay Commission Fees

HugosWay does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

HugosWay review
What can you trade with HugosWay?

Be aware that different entities under the HugosWay Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client and the entity that holds the customer account. Additionally, the trading instruments offered by HugosWay may vary depending on the trading platform you choose to trade with.

You can trade a wide variety of instruments with HugosWay over 100 instruments infact.

If you are looking for Forex brokers to trade currency pairs on global Forex markets HugosWay offer over 55 currency pairs.

Compare HugosWay with eToro and IC Markets below.

Your capital is at risk

How HugosWay Trading Options Compare Against Other Brokers

Broker hugosway eToro IC Markets Roboforex
Instruments Available 100 2000 232 100
Platforms MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 55 50 65 35
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies (availability subject to regulation) Yes Yes Yes No
Commodity CFDs        
Commodities Offered 0 31 19 21
Metals No Yes Yes Yes
Energies No Yes Yes No
Agricultural Yes Yes Yes No
Indiced & Stock CFDs        
Stocks Offered 64 2042 110 0
UK Shares No Yes Yes Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit HugosWay
Your capital is at risk
Visit eToro
78% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits

HugosWay review
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.

See HugosWay's platforms

Is the HugosWay Trading Platform Secure?

HugosWay safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. HugosWay also urges its clients through its web platform to always look for the SSL security sign (a lock sign) on the browser while operating HugosWay.

HugosWay Trading Platform Options

Once you have logged into your HugosWay account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)

HugosWay does not offer the MetaTrader 5 (MT5) trading platform. If you are looking for a online platform that does support MT5 click here

HugosWay does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets explore each of these trading platforms in detail and what options HugosWay gives you.

HugosWay review
HugosWay MetaTrader 4 (MT4)

HugosWay MetaTrader 4

MetaTrader 4, also known as MT4, is one of the most popular trading platforms available and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface, and an extremely customisable trading environment, designed to fulfill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex, but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with HugosWay. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with HugosWay in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. HugosWay MetaTrader 4 is compatible with the latest macOS Mojave. HugosWay allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on HugosWay

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade HugosWay MetaTrader 4 on iOS Devices

You can download the HugosWay app or also trade with HugosWay through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. HugosWay customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade HugosWay MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. HugosWay provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android HugosWay MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade HugosWay MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

HugosWay MetaTrader 4 Advanced Trading Tools

The HugosWay advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. HugosWay offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade HugosWay MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

HugosWay MetaTrader 4 AutoChartist

HugosWay Autochartist provides the world's first Market Scanner available for MT4 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

HugosWay Trading benefits

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

HugosWay Trading Accounts Offered

Below we give an overview on the account types that HugosWay offer. Whatever you are looking to trade the varying HugosWay account types will be able to provide you with what you need.

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

Can I try HugosWay?

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

Your capital is at risk

HugosWay withdrawal and funding methods

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

All available HugosWay payment methods available to you can be found in your HugosWay members area checked on the HugosWay website.

HugosWay offer the below funding payment methods. You can use any of the below deposit options if available in your region. learn more about HugosWay

HugosWay Payment Methods

  • HugosWay accepts Payoneer
  • HugosWay accepts Credit cards
  • HugosWay accepts Bank Transfer
  • HugosWay accepts PayPal
  • HugosWay accepts Neteller
  • HugosWay accepts Debit cards
Broker hugosway eToro IC Markets Roboforex
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes Yes No
Skrill No Yes Yes Yes
Payoneer Yes Yes No Yes
Neteller Yes Yes Yes Yes

*please note available HugosWay and other broker payment methods depend on the clients country of residence.

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. You will need to provide some basic documentation to prove your identity as part of HugosWay onboarding and normal KYC identity checks. These checks are standard practice and help HugosWay provide a safe financial environment for their 5,000 users.

Your capital is at risk

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.

CFD Trading on HugosWay

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

HugosWay offer CFD which 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/sell 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 CFD trading. Although high risk because CFD trades are separate from the financial markets, a CFD trade can be more flexible than a traditional market trade where you own the underlying asset. CFD trades give access to CFD fractional shares, CFD international markets and CFD short selling. More advanced traders can also use CFDs to hedge.

Always be aware that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Your capital is at risk

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. If your broker is regulated by the FCA Negative Balance Protection should be set in place by your broker as standard. 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/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. Make sure you make full use of all education tools. This includes eduction tools with HugosWay and externally.

HugosWay offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy/sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing 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

As part of our HugosWay review we review customer service options, response times and HugosWay trading platform problem resolution effectiveness.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 Roboforex
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, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
Learn More Visit HugosWay Visit eToro Visit IC Markets Visit Roboforex
Risk Warning Your capital is at risk 78% 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 Unregulated, 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 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 5 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 the HugosWay trading platform here.

CFDs are leveraged products and can result in significant losses, excess of your invested 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 August 05, 2022.

Is HugosWay A Good Broker?

We spent over 3 months examining HugosWay in depth. Although we found some very useful aspects of the HugosWay platform that would be useful to some traders, our overall our feeling is that you would be better served with an alternative to HugosWay.

  • HugosWay have a good track record of offering Forex, Cryptocurrency, Stocks.
  • HugosWay has a history of over 5 years.
  • HugosWay has a reasonable sized customer support of at least 10.
  • HugosWay are regulated by the Unregulated. This means HugosWay fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • HugosWay have regulation from reputable regulators.
  • HugosWay has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • HugosWay have an international presence in multiple countries. This includes local HugosWay seminars and training.
  • HugosWay are able to hire people from various locations in the world who can better communicate in your local language.

HugosWay Risk Disclosure

Your capital is at risk

Trading Risk Disclaimer

Trading financial instruments including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss.

HugosWay not quite right?

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Related HugosWay Vs Comparisons

We have covered allot in this HugosWay review, If you want to see how HugosWay compares side by side with other brokers check out our HugosWay Vs pages.

If you would like to see how HugosWay stands up against other brokers you can read some of our HugosWay comparisons below. We compare side by side some of our top rated HugosWay versus comparisons. Read our indepth HugosWay VS pages below.

HugosWay review
HUGOSWAY Frequently Asked Questions

Read our detailed HugosWay FAQ Section updated for 2022.

Can I try HugosWay?

HugosWay offer a demo account so you can try the HugosWay platform with virtual trading before you put down a payment. Virtual trading with HugosWay is zero risk. Learn more here

What funding methods do HugosWay accept?

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

HugosWay offer the following funding payment methods Payoneer, Credit cards, Bank Transfer, PayPal, Neteller, Debit cards, among other payment methods.
Learn more here

Your capital is at risk

Is HugosWay safe?

While HugosWay may not be considered unsafe, they are not regulated or supervised by any major regulatory body. Depending on your trading style this may be okay. We recommend you trade with a regulated broker.Any payments funded to HugosWay accounts by traders are held in a segregated bank account. For added security HugosWay use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Your capital is at risk

Is HugosWay trading good?

HugosWay is considered good and reputable to trade with HugosWay. HugosWay is used by over 5,000 traders and HugosWay users. HugosWay offers Forex trading, Cryptocurrency trading, and Stocks trading. Minimum deposit with HugosWay is 10.

Is HugosWay trading Legit?

HugosWay was founded in St. Vincent and the Grenadines in 2017. HugosWay has been facilitating trade on the financial markets for over 5 years. HugosWay offers clients Forex trading, Cryptocurrency trading, and Stocks trading. All funds deposited to HugosWay are held in segregated bank accounts for security. HugosWay is not regulated. Although this doesnt mean HugosWay are awful, we recommend trading with regulated brokers.

Is HugosWay a good broker?

HugosWay is overseen by the top tier financial regulators Unregulated so can be considered a good broker. HugosWay allows Forex trading, Cryptocurrency trading, and Stocks trading.

Is HugosWay trustworthy broker?

While having many plus points because HugosWay is not regulated we personally would not trade with them. Make any broker you trade with is regulated and places any funded money into segregated bank accounts. If your money is in a segregated bank account the broker has no direct access to your funds so cannot misappropriate your money.

What is the minimum deposit for HugosWay?

The minimum deposit to trade with HugosWay is 10.

How long do HugosWay withdrawals take?

Withdrawing money from HugosWay processing time varies depending on the method but averages 2-5 days.

Is HugosWay regulated?

HugosWay is not regulated by a top tier financial regulator.

Is HugosWay a market maker?

HugosWay is a market maker. Stocks, currency and other commodities and instruments will be purchased by HugosWay even if no buyer is lined up.

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.

Is my money safe with HugosWay?

HugosWay is regulated by the Unregulated. One of the most important criteria for traders when choosing a broker like HugosWay is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers are highly unlikely to manipulate market prices due to the regulations imposed. When you send in a withdrawal request to HugosWay, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is HugosWay a con?

While we would noy say that HugosWay is a con. Because they are not regulated by a top tier financial regulator we would not trade with them.

Can you make money with HugosWay?

Although traders have had great success with HugosWay. Trading on the financial markets with HugosWay is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does HugosWay have fees?

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

When was HugosWay founded?

HugosWay was founded in 2017.

How many people use HugosWay?

HugosWay is used by over 5,000 registered HugosWay users.

What is HugosWay Headquarters country?

HugosWay has its head quarters office in St. Vincent and the Grenadines .

Does HugosWay offer negative balance protection?

HugosWay offers negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does HugosWay offer guaranteed stop loss?

HugosWay does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does HugosWay allow scalping?

HugosWay offers scalping.

Does HugosWay allow hedging?

HugosWay offers hedging.

Does HugosWay offer CFD trading?

HugosWay offers CFD trading.

Does HugosWay offer STP?

HugosWay offers STP trading.

How many people use HugosWay?

HugosWay is used by over 5000 HugosWay users and traders.

Is HugosWay an ECN broker?

HugosWay does not offer ECN trading.

Does HugosWay offer a demo account?

HugosWay offers a demo account.

Does HugosWay offer an Islamic account?

HugosWay offers an Islamic account.

What are the funding methods for HugosWay?

Please note that funding methods and funding options available with HugosWay can be found in the HugosWay Members area and depend on the HugosWay clientโ€™s country of residence. Please check your specific available payment methods on the HugosWay website. HugosWay accept the following funding methods : Payoneer, Credit cards, Bank Transfer, PayPal, Neteller, Debit cards.

HugosWay review written by Andrew Blumer and Mark Hansen

We hope you found our review of the HugosWay brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

HugosWay review written by Mark Hansen of Comparebrokers.co