On this page, we review the Hugos Way broker. Hugo’s way broker has won several awards with different titles in 2019; stay with us for more information about this broker.
| Broker name | Hugo’s Way |
| Established year | 2017 |
| Spread rate | Low |
| Central office | .... |
| Regulation | - |
| Minimum deposit | 10 $ |
| The easiest way to deposit and withdraw | Bitcoin |
Cent Account
Copy Trading
Spread Reduction Trick
Islamic Account
Permission To Trade Scalping
Hugo’s way is the name of one of the active brokers in the forex market, which offers only one ECN account to users, the spread of which starts from a small amount of 0.4 pips. This broker, having strong support 24 hours a day, seven days a week, answers all traders’ questions.
Suppose you want to be more confident about the credibility of a broker. In that case, it is better to open an account with brokers under regulatory organizations’ supervision and have a more extended history. It is also better to open a trial account with that broker before opening an account with the broker in question. Check the amount of spread and commission received by the broker. Hugos Way broker is not under the supervision of any regulatory organization and started its activity in 2017.
Unfortunately, the Hugos Way broker does not have any regulations according to the reviews we did.
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Hugo’s way broker was established in 2017 and had been providing services to traders ever since.
| Profile / account name | Ecn |
|---|---|
| Minimum deposit for opening | 10 $ |
| Spreads | Starting from 0.4 pips |
| Commission | $5 per trade lot |
| Maximum leverage | 1:500 |
| Ability to trade currency pairs | Yes |
| Ability to trade stocks and indices | Yes |
| Possibility of digital currency trading | Yes |
| Scalp permission | Yes |
| Permission to use Expert | Yes |
According to the above table, Hugo’s Way broker offers users only one trading account that can be opened with a minimum deposit of 10 dollars; this account has a maximum leverage of 1:500; in fact, this broker has different maximum leverage for different symbols. For example, the maximum usable leverage for indices is 1:200, and for digital currencies is 1:100. The minimum leverage that can be used in this broker is 1:1, of course, if users want leverage of less than 1:50. Use this case must be checked by the hougos way broker’s trading desk, the spread of this account also starts from 0.4 pips. The broker receives a commission of $5 per lot from traders. One of the noteworthy points of this account is that it is possible to use expert and scalping in this account.
According to our research, the spread of hugosway broker starts from 0.4 pip, and the spread of this broker can be considered from less than 1 pip.
Unfortunately, currently Hugos Way broker does not support Islamic accounts or accounts without overnight swaps, but according to our reviews and the conversations we had with the support team of this broker, it seems that this broker intends to launch Islamic accounts as soon as possible. Yes, if this broker enables the use of Islamic accounts for users, we will definitely update the information in this section of the website.
Unfortunately, currently, Hugos Way broker does not support Islamic accounts or accounts without overnight swaps. Still, according to our reviews and the conversations we had with the support team of this broker, it seems that this broker intends to launch Islamic accounts as soon as possible. Yes, if this broker enables the use of Islamic accounts for users, we will definitely update the information in this section of the website.
The deposit and harvest methods in the hugosway broker include Bitcoin and Payredeem, but you should note that the minimum deposit using bitcoin is $ 50, and the use of Payredeem requires KYC.
According to our reviews, hugosway broker currently does not offer any bonuses to users.
To verify your identity in Hugo’s Way broker, you need to confirm your identity and address; for this purpose, you need documents such as certificate, passport, and identity card, as well as documents confirming your address, such as water and electricity bills, bank statements, etc. Send to the support of this broker.
Tradable and trading assets in hugosway broker include digital currencies, currency pairs, stocks and indices, energy and…
The trading platform that can be offered in the Hugo’s Way broker is MetaTrader 4, which users can take advantage of. You can click on the links below to download this platform.
Unfortunately, Hugo’s Way broker has not activated the possibility of using copy trading account for its users, which can be considered as one of the disadvantages of Hougos Way Broker because many traders tend to use this system and copy the transactions of other traders. Also, this system can be considered one of the most profitable systems for professional traders.
We answer this question in the following way: how has the quality of the service provided by this broker been during the years of its activity if the broker in question has had security problems during its years of activity and users have had bitter experiences from working with this broker, such as fraud and …, we will inform our audience about these things, but so far our audience has not given us any report about the fraud of this broker.
