Abstract:Hugo's Way is an ECN-connected broker that uses an STP (Straight-Through Processing) execution model with no dealer intervention. It offers the MT4 trading platform and provides various trading instruments such as forex, cryptocurrencies, and stocks. Meanwhile, the platform offers 24/7 customer support.
Hugo's Way Review Summary | |
Registered On | 2017-02-19 |
Registered Country/Region | Seychelles |
Regulation | Unregulated |
Market Instruments | Forex, Cryptocurrencies, and Stocks |
Demo Account | / |
Leverage | Up to 1:500 |
Spread | / |
Trading Platform | MT4 (iOS, Web, Android, and Windows) |
Min Deposit | $10 |
Customer Support | support@hugosway.com |
House of Francis, Room 303, Ile Du Port, Mahe, Seychelles |
Hugo's Way is an ECN-connected broker that uses an STP (Straight-Through Processing) execution model with no dealer intervention. It offers the MT4 trading platform and provides various trading instruments such as forex, cryptocurrencies, and stocks. Meanwhile, the platform offers 24/7 customer support.
Pros | Cons |
Multiple trading instruments | Unregulated |
Leverage up to 1:500 | Single Bitcoin withdrawal method |
MT4 available | High leverage risk |
Limited account information | |
Unclear fee information |
Hugo's Way is unregulated, so its security is relatively low. It is recommended to choose brokers regulated by top regulatory authorities.
On the Hugo's Way platform, traders can conduct diverse trading, including cryptocurrencies, energies, futures, forex, indices, metals, and stocks.
Tradable Instruments | Supported |
Forex | ✔ |
Eenergies | ✔ |
Stocks | ✔ |
Cryptocurrencies | ✔ |
Precious Metals | ✔ |
Futures | ✔ |
Indices | ✔ |
Bonds | ❌ |
Mutual Funds | ❌ |
The platform offers flexible and high leverage ratios, with a maximum of 1:500 for forex and stock trading, and a maximum of 1:100 for cryptocurrency trading.
Hugo's Way provides the mainstream platform MT4, supporting multiple trading versions, including iOS, Web, Android, and Windows.
Trading Platform | Supported | Available Devices | Suitable for |
MT4 | ✔ | iOS, Web, Android, and Windows | Beginners |
The minimum deposit is $10. Hugo's Way supports deposit methods including direct Bitcoin deposits (minimum $50), purchasing and transferring Bitcoin via Instacoins (minimum $50), and wire transfers via Instacoins (minimum $100). Additionally, Bitcoin withdrawals can be processed as quickly as 1 hour.