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    HUGO

    2-5 years
    |
    Suspicious Regulatory License
    |
    MT4/5 White Label
    |
    Regional Brokers

    Rating

    0 1 2 3 4 5 6 7 8 9
    .
    0 1 2 3 4 5 6 7 8 9
    0 1 2 3 4 5 6 7 8 9

     /10

    License Index

    0.00

    Business Index

    5.91

    Risk Management Index

    0.00

    Software Index

    4.00

    Regulatory Index

    0.00

    Licenses

    No valid regulatory information
    Please be aware of the risk!

    Overview

    • Company Name:

      Hugo's Way Limited
    • Company Abbreviation:

      HUGO
    • Place of registration:

      HUGOSaint Vincent and the Grenadines
    • Regulatory Status:

      No Regulatory
    • Customer Service Email Address:

      support@hugosway.com
    • Customer Service Phone Number:

      --
    • Company summary

      BasicInformation&RegulationHUGOFXisaSt.VincentandtheGrenadinesregisteredonlineForexandCFDbrokerandisnotcurrentlysubjecttoanyactiveregulation.SecurityAnalysisofHUGOFXThefirstandthemostrigidindicatortomeasureabrokersafeornotistoseeifitisstrictlyregulated.HUGOFXiscurrentlyanunregulatedbroker,whichmeansthatthesafetyofinvestors'fundsandtradingactivitiesarenotprotectedinanyeffectiveway.MarketInstrumentsofHUGOFXThemainfinancialinstrumentsofferedbyHUGOFXaremajorcurrencypairs,cross-currencypairs,oddcurrencypairs,cryptocurrencies,metals,indices,stocks,USDfutures,andenergy.AccountsHUGOFXofferspersonalaccounts,corporateaccounts,anddemoaccounts.Theminimuminitialdepositforaccountsisnotknownatthistime.Spreads&CommissionsofHUGOFXTheofficialwebsiteofHUGOFXshowsthereal-timespreadsforvariousfinancialproducts.Theminimumspreadsoffered0.5pipsforEURUSD,1.2pipsforGBPUSD,1.1pipsforNZDUSD,1.1pipsforCAD,0.30pipsforXAUUSD,0.25pipsforXAUEUR,0.26pipsforXAGUSD,theminimumspreadforbothUSOilandUKOilfrom0.86pips,theminimumspreadforAUS200from1.10pips,forGER30from4.40pips,andtheminimumspreadforBitcoinUSDisfrom110.77pips.TradingPlatformsAvailableofHUGOFXHUGOFXoffersinvestorsthemarket-leadingandhighlyacclaimedMT4tradingplatform,aswellasMT4forWindows,MT4foriOS,MT4forAndroid,andWebTrader.TheMetaTrader4tradingplatformisavailablefortradersofallskilllevelsthroughadvancedtechnicalanalysis,flexibletradingsystems,algorithmictradingandexpertadvisors,andmobiletradingapplications.Moreover,itssimpledesignandexcellentuserinterfaceensureseamlessexecutionofanytradingstrategy,regardlessofitscomplexity.DepositandWithdrawalofHUGOFXHUGOFXsupportstraderstodepositandwithdrawfundstoandfromtheiraccountsviaBitcoin,VISA,MasterCardcreditcards,andwiretransfers.ItisimportanttonotethatdepositsviaBitcoinaresubjecttoanumberofrestrictionsonrefunds.SummaryThemaindisadvantagesofHUGOFXare:1.Noregulation2.Minimuminitialdepositinformationunknown3.Spreadsnotcompetitive4.Limiteddeposit&withdrawaloptions5.Noreal-timecustomerservices6.Officialwebsiteavailableforonelanguageversiononly About More
    Pyramid scheme complaint

    WikiFX APP!

    Global Forex Broker Regulatory Inquiry APP!

    Warning: Low score, please stay away!

    Previous Detection: 2021.08.04 Risk: 1 Item

    • It has been verified that this broker currently has no valid regulatory, please be aware of the risk!

    WikiFX Verification

    • Exhibition Area

    • Survey

    • MT4/5

    • Website

    • Genealogy

    • Clones

    • Keywords

    • Time Machine

    • Score

    WikiResearch

    • Delivery Index

    • Market Analysis

    • Material Delivery

    • Ad Brand

    • Search Source

    • Language

    Last Updated Time 2021-08

    HUGO · MT4/5

    Identification Result

      HUGO · Website

      Most visited countries/areas

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          HUGO· Genealogy

          HUGO · Clones

          HUGO · Market Analysis

          The data are from WIKI Research    2021.08.04 updated

          WikiFX prompts you

          This broker's score is relatively low.

          Please choose wisely! Please avoid unnecessary loss

          Continue
          HUGO · Survey×

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          HUGO

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          HUGO · Chart
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          Data Sources WikiResearch 2021.08.04 Update

          WikiFX·pyramid scheme complaint
          1  Know about pyramid scheme  >
          2  Pyramid scheme complaint   >
          3  Done
          1. What is pyramid scheme complaint?
          With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
          2. 10 Features of Pyramid Scheme
          High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
          Report immediately
          Report This Platform
          HUGO
          * Contact number
          0086
          *Enter your phone number
          *Reporting Reasons

          *Enter your reason
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          Submit successfully!

          You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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          HUGO · Company summary

            Basic 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.

            Security Analysis of HUGO FX

            The first and the most rigid indicator to measure a broker safe or not is to see if it is strictly regulated. HUGO FX is currently an unregulated broker, which means that the safety of investors' funds and trading activities are not protected in any effective way.

            Market Instruments of HUGO FX

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

            Accounts

            HUGO FX offers personal accounts, corporate accounts, and demo accounts. The minimum initial deposit for accounts is not known at this time.

            Spreads & Commissions of HUGO FX

            The official website of HUGO FX shows the real-time spreads for various financial products. 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.

            Trading Platforms Available of HUGO FX

            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 and Withdrawal of HUGO FX

            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.

            Summary

            The main disadvantages of HUGO FX are:

            1. No regulation

            2. Minimum initial deposit information unknown

            3. Spreads not competitive

            4. Limited deposit & withdrawal options

            5. No real-time customer services

            6. Official website available for one language version only


          Risk Warning

          The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

          Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

          Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

          Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.