HugosWay Review 2020

HugosWay Rated 3/5
learn more Learn more about eToro. 75% of retail investor accounts lose money when trading CFDs with this provider.
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HugosWay Guide

HugosWay are an online broker founded in 2017 offering Forex trading, Cryptocurrency trading, and Stocks trading.

HugosWay are a global broker and 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 shares in HugosWay on one of the worlds global market exchanges.

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

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of HugosWay we break down the pros and cons. What HugosWay are able to offer, what countries HugosWay are available in. Who HugosWay are regulated by and more.

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. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with HugosWay

Open HugosWay's Website

Your capital is at risk

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

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

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. 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 what you should know

HugosWay offer three ways to trade: Forex, Cryptocurrency, Stocks.

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 3 years HugosWay have a head office in St. Vincent and the Grenadines.

HugosWay is regulated. This means HugosWay are supervised by and is checked for conduct by the None regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to HugosWay, this will be honored. If HugosWay violate any regulatory rules their regulated status could be stripped.

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.

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.

Broker hugosway eToro IC Markets FP Markets
Year Established 2017 2006 2007 2005
Head Office St. Vincent and the Grenadines Cyprus, UK Australia Australia
Regulation None Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Used By 5,000+ 12,000,000+ 60,000+ 10,000+
Negative balance protection Yes No Yes Yes
Guaranteed Stop Loss No No No No
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

HugosWay Pros and Cons

What we like about HugosWay

  • Used by over 5,000 traders
  • Established in 2017
  • Regulated by None
  • Min. deposit from $10

What we don't like about HugosWay

HugosWay Financial Regulation and Supervision in more detail

We have checked and HugosWay is regulated and supervised by reputable organisations. You are able to check every HugosWay supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with HugosWay. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect HugosWay traders and provide a safe trading environment.

  • None

HugosWay is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as HugosWay you should be sure they're legitimate online agent.

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.

What can you trade with HugosWay?

Be aware that Different entities under HugosWay Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

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

If you are looking at trading currency pairs HugosWay offer over 55 currency pairs.

Compare HugosWay with eToro and IC Markets below.

Your capital is at risk

Broker hugosway eToro IC Markets FP Markets
Instruments Available 100 100 232 100
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, IRESS, Mac, Web Trader, Tablet & Mobile apps
FX / Currencies Visit HugosWay Visit eToro Visit IC Markets Visit FP Markets
Forex pairs offered 55 50 65 60
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies Yes Yes Yes Yes
Commodity CFDs Visit HugosWay Visit eToro Visit IC Markets Visit FP Markets
Commodities Offered 0 0 19 18
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs Visit HugosWay Visit eToro Visit IC Markets Visit FP Markets
Stocks Offered 64 957 100 10000
UK Shares No Yes No Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes

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

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.

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. Overall our feeling is that you would be better served with an alternative HugosWay broker.

  • HugosWay have a good track record of offering Forex, Cryptocurrency, Stocks.
  • HugosWay has a history of over 3 years.
  • HugosWay has a reasonable sized customer support of at least 10.
  • HugosWay are regulated by None. 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 a Tier 1 reputable country.
  • 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 Disclaimer

Your capital is at risk

HugosWay not quite right?

Check out these HugosWay Alternatives

We have spent years researching the best alternatives to HugosWay. Click the links below to learn more.

If you feel some of the above HugosWay are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of HugosWay alternatives below.

Related HugosWay Comparisons

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 some indepth HugosWay VS pages below.

HUGOSWAY Frequently Asked Questions

Can I try HugosWay before I buy?

HugosWay offer a demo account so you can try before you put down and payment. 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 accept Credit cards, Bank Transfers, Skrill, Wire Transfer, among other payment methods.
Learn more here

Your capital is at risk

Is HugosWay safe?

HugosWay are considered safe as they are regulated by and checked for conduct by the None. 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.

Is HugosWay trading good?

HugosWay is considered good and reputable to trade with. HugosWayHugosWay is used by over HugosWay active traders. 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 3 years. HugosWay offers clients Forex trading, Cryptocurrency trading, and Stocks trading. All funds deposited to HugosWay are held in segregated tier 1 bank accounts for security. HugosWay is regulated by None so can be considered legit.

Is HugosWay a good broker?

HugosWay is overseen by the top tier financial regulators None so can be considered a good broker. HugosWay allows Forex trading, Cryptocurrency trading, and Stocks trading.

Is HugosWay trustworthy broker?

HugosWay can be considered trustworthy. All money funded to HugosWay is placed into a segregated tier 1 bank account. this means your money in not held by HugosWay directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also HugosWay is regulated by None.

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 but averages 2-5 days.

Is HugosWay regulated?

HugosWay is regulated by None.

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 None. 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 will not manipulate market prices. 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?

HugosWay is regulated and well established having been in business for over 3 years. HugosWay is definitely not a con.

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 5000 registered traders.

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 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 a Islamic accounts.

What are the funding methods for HugosWay?

HugosWay accept the following funding methods : Credit cards, Skrill, Bank Transfer.

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