Hugo’s Way Review 2022
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| Hugo's Way is an unregulated forex, crypto and CFD broker with MT4 access and impressive assets, leverage rates and security measures. | ||
Hugo's Way is broker that offers traders CFD, Forex, Cryptocurrency, Stocks and Futures. Hugo's Way allows traders to use the MetaTrader 4 trading platform, but unfortunately not MetaTrader 5 at this point.
In terms of features offered to traders, Hugo's Way has Demo Accounts but is missing Islamic Accounts, Social Trading, Signals and Auto Trading.
Cryptocurrency traders will have lots of options at Hugo's Way, with 22 different coins to trade: BTC, BCH, BIT, DASH, DOGE, EDO, EOS, ETH, QTUM, ETP, IOTA, USDT, LTC, NEO, OMG, ETC, SAN, TRX, XMR, IOST, XRP and ZEC.
Please note that Hugo's Way is an unregulated broker. With no regulatory oversight a broker can offer higher leverage and other features that regulated brokers can not, but it also means that traders need to be more careful. Don't deposit large sums before you feel confident that the operator is trustworthy.
Hugo's Way Summary
Hugo's Way is an unregulated forex, crypto and CFD broker with MT4 access and impressive assets, leverage rates and security measures.
Ratings
| Bonus | None |
|---|---|
| Instruments | CFD, Forex, Crypto, Stocks, Futures |
| Demo Account | ✓ |
| Min. Deposit | $50 |
| Min. Trade | 0.01 lots |
| Regulated By | |
| MetaTrader 4 | ✓ |
| MetaTrader 5 | ✗ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✓ |
| Mobile Apps | iOS & Android |
| Auto Trading | ✗ |
| Trade Signals | ✗ |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✗ |
CFD Trading
| Leverage | 1:500 |
|---|---|
| FTSE Spread | 0.77 |
| GBPUSD Spread | 1.2 |
| Oil Spread | 0.87 |
| Stocks Spread |
Forex Trading
Hugo's Way supports CFD trading in 55 major, minor and exotic forex pairs on the industry-renowned MT4 trading platform.
| GBPUSD Spread | 1.2 |
|---|---|
| EURUSD Spread | 0.5 |
| EURGBP Spread | 0.4 |
| Assets | 55 |
Cryptocurrency Trading
Hugo's Way is a Bitcoin-based crypto exchange and CFD broker with a wide range of major and minor cryptocurrency crosses.
| Spread | Variable |
|---|---|
| Coins | BTC, BCH, BIT, DASH, DOGE, EDO, EOS, ETH, QTUM, ETP, IOTA, USDT, LTC, NEO, OMG, ETC, SAN, TRX, XMR, IOST, XRP, ZEC |
Payment Methods
Hugo's Way accepts the following payment methods:
- Bitcoin Payments
- Credit Card
- Wire Transfer
- Visa
- Mastercard
FAQ
Is Hugo's Way Safe?
In our review we gave Hugo's Way a low trust score of 20%, which means that traders should try things out before they deposit any larger amounts. What impacted the trust score the most is the fact that Hugo's Way is not regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.
Does Hugo's Way Accept PayPal?
No, Hugo's Way does not accept PayPal payments. See our list of brokers that accept PayPal for alternatives.
Is Hugo's Way Halal?
Probably not, as Hugo's Way does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.
What trading platforms does Hugo's Way support?
Hugo's Way only supports the MetaTrader 4 trading platform at this time.
Is Hugo's Way Regulated in the UK?
No, Hugo's Way is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for safer options
Is Hugo's Way Regulated?
No, unfortunately Hugo's Way is unregulated as far as we know. Prudent traders will want to check out the list of FCA regulated brokers for alternatives.
Hugo's Way vs Other Brokers
If you want to compare Hugo's Way with other brokers, use the detailed comparisons below.
Hugo's Way vs |
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| Hugo's Way is an unregulated forex, crypto and CFD broker with MT4 access and impressive assets, leverage rates and security measures. | ||