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Score

0123456789
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0123456789
0123456789
/10

Hugo’s Way

Seychelles|5-10 years|
Suspicious Regulatory License|MT4/5 White Label|Global Business|High potential risk|

https://hugosway.com/

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

HugosWay-Demo3

United States
MT4
3

Influence

A

Influence index NO.1

United States 8.11

MT4/5 Identification

MT4/5 Identification

White Label

3
Server Name
HugosWay-Demo3 MT4
Server Location United States

Influence

Influence

A

Influence index NO.1

United States 8.11

Surpassed 67.03% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

support@hugosway.com
https://hugosway.com/
House of Francis, Room 303, Ile Du Port, Mahe, Seychelles
https://www.facebook.com/hugoswayofficial

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Broker Information

More

Company Name

Hugo's Way Limited

Company Abbreviation

Hugo’s Way

Platform registered country and region

Seychelles

Company website
Facebook
Instagram

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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Hugo’s Way · Company Summary

Company Summary

Company profile

General Information & Regulation

HUGO FX is a St. Vincent and the Grenadines registered online Forex and CFD broker and is not currently subject to any active regulation.

Market Instruments

Tradable financial instruments offered by HUGO FX include major currency pairs, cross-currency pairs, odd currency pairs, cryptocurrencies, metals, indices, stocks, USD futures, and energy.

Minimum Deposit

HUGO FX offers personal accounts, corporate accounts, and demo accounts. However, the minimum initial deposit for accounts are not fully disclosed.

Spreads & Commissions

HUGO FX official website shows the real-time spreads for various instruments. The minimum spreads offered 0.5 pips for EURUSD, 1.2 pips for GBPUSD, 1.1 pips for NZDUSD, 1.1 pips for CAD, 0.30 pips for XAUUSD, 0.25 pips for XAUEUR, 0.26 pips for XAGUSD, the minimum spread for both USOil and UKOilfrom 0.86 pips, the minimum spread for AUS200 from 1.10 pips, for GER30 from 4.40 pips, and the minimum spread for Bitcoin USD is from 110.77 pips.

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HUGO FX Leverage

Trading leverage varies depending on various instruments. The maximum trading leverage for major currency pairs is up to 1:500, Indices 1:200, Metals 1:500, Stocks 1:20, Cryptos 1:100. Trading leverage offered by HUGO FX is relatively high. ince leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Trading Platforms

HUGO FX offers investors the market-leading and highly acclaimed MT4 trading platform, as well as MT4 for Windows, MT4 for iOS, MT4 for Android, and WebTrader. The MetaTrader4 trading platform is available for traders of all skill levels through advanced technical analysis, flexible trading systems, algorithmic trading and expert advisors, and mobile trading applications. Moreover, its simple design and excellent user interface ensure seamless execution of any trading strategy, regardless of its complexity.

Deposit & Withdrawal

HUGO FX supports traders to deposit and withdraw funds to and from their accounts via Bitcoin, VISA, MasterCard credit cards, and wire transfers. It is important to note that deposits via Bitcoin are subject to a number of restrictions on refunds.

image.png

Customer Support

HUGO FX claims that it offers 24/7 customer service support, but no phone number is provided. Traders can reach HUGO FX customer service team though a contact form, live chat, as well as some social mdeia platforms including Facebook, Twitter, Instagram.

HUGO FX Cons

HUGO FX Disadvantages Include:

1. No regulation

2. Minimum initial deposit information unknown

3. Spreads not competitive

4. Limited deposit & withdrawal options

5. Official website available for one language version only

News

All About Cryptocurrencies

NewsAll About Cryptocurrencies

2021-12-10 09:54

Cryptocurrencies are the latest buzzword in the industry and many believe that they are the future. The technologies used in cryptocurrency transactions can make all kinds of financial transactions very secure and reduce the number of fraudulent interactions. Cryptocurrencies are still an unfamiliar concept for many prospective investors and business owners. Most are intimidated by this concept and have a limited understanding of its potential. Here’s a brief look at cryptocurrencies:

WikiFX
2021-12-10 09:54
News
All About Cryptocurrencies

User Reviews

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5

Comments

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Youngblack3157890
more than one year
Here is something I gonna tell you, I haven't experienced any inactivity fees yet, but it's worth noting that Hugo's Way may charge an inactivity fee for accounts that remain dormant for an extended period.
2023-04-06 10:02
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0
0
Youngblack3157890
more than one year
During my time trading with Hugo's Way, I noticed that they offer variable spreads, which tend to fluctuate based on market conditions and the specific asset being traded. Although they claim to provide competitive spreads, I found that the actual spreads varied at different times of the day and across different trading instruments. As for the overnight interest fees, I held a few positions overnight and was charged high swap fees, which i was seriously dissatified.
2023-04-06 10:01
Reply
0
0
oooo
more than one year
Amazing people work in customer service. My experience here has been excellent, and I must point out that they have incredibly kind personnel, always easy to reach and eager to assist.
2023-02-20 12:19
Reply
0
0
FX1210236230
more than one year
You know what? The weird thing is that you can see clearly on this broker’s “Live Spreads” section that spreads on various trading instruments are narrow, but when you start real trading, things changed. I trade currency pairs, and indices on this platforms, spreads reaching up to 80 pips on the AUD/USD pair…
2023-02-16 10:18
Reply
0
0
Stevano
more than one year
Even though the company's website looks great, I wouldn't recommend you to trade with a financial company registered in St. Vincent and the Grenadines, and it doesn't have any regulatory information.
2022-12-12 11:20
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0
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