What Is Hugofx?

We are unable to locate your account as you have not provided your email address in your review. We operate as a fully transparent ECN/STP Broker, and all orders are executed using Straight Through Processing to exclude the possibility of any manual interference. Our margin requirements are in line with the industry standard, and we ensure that these rules are followed by all clients in order to protect their trading accounts from excessive loss. They are shady they will force close your trades before hitting the stop loss to take your money. Commissions and fees aside, let’s take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Skilling is regulated by CySEC, while Hugofx regulated by Not regulated.

What is HugoFX

The support team can be reached on email, live chat, contact us form and ‘request a call back’ form. There is no contact number provided on the website which is unusual for an online brokerage. There are no ongoing account costs to gain access to higher leverage. There are no set stipulations such as trade a certain amount of lots per month to gain high leveraged trading.

Hugofx Location: Map

The guides include how to purchase Bitcoin to make depositing and withdrawing from the site a seamless process. Live quotes that can be customised to display and monitor the trader’s favourite instruments. Hugo’s Way protects its network with a 256-bit Secured Socket Layer encryption. This SSL technology encrypts all user data before transmission to the Hugo’s Way servers. That way, internet fraudsters are deterred from attacking the network and victimizing clients. VLoad is a quick and efficient funding method that uses vouchers to top up your account fast and easy. There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

All of these assets can be traded on the classic MetaTrader 4 platform, which also happens to be HugoFX’s only trading platform. Although this certainly doesn’t make the broker stand out in any way, it is still common among forex brokers to rely solely on the MT4 as their platform. And since it is still among the most popular trading platforms in the world, 8ema traders seem to be fine with it for the time being. Hugo’s Way offers the MetaTrader 4 forex trading top platform. HugosWay.com offers over 50 forex currency pairs, cfds, indices, stocks, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options. Objectively, Hugofx is more reliable based on our criteria above.

What is HugoFX

Only Hugofx offers demo account, allowing you to test their platform to see which is suitable for you. Hugofx has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. MetaTrader platform is a comprehensive trading platform that is often touted as being the best for forex trading. Hugofx offers a wider range of platforms making it easier for the traders to choose one that matches their needs most.

In terms of account security, HugoFX uses a Two-Factor Authentication with Authy or Google Authenticator. For added measure, account access can also require SMS validation for a verified mobile number. Most of the details listed above may often be subject to change. Therefore, for updated information, please look into the broker’s official website. Do https://forexhero.info/ keep in mind that some of the products and services listed below may be different or inaccessible, depending on the location of the client due to legal restrictions. HugoFX is partnered with over 50 top-tier banks that act as its liquidity providers, offering its clients the best in terms of spreads, execution speeds, and a No-Dealing Desk process.

Is Hugosway A Regulated Broker?

Its NOT regulated, even though site looks good with details, but if not regulated, that means something is FISHY. Never miss a trading opportunity again by staying up to date with the latest market events with MT4 mobile trading. Smartphone and tablet-optimized, MT4 mobile supports all trading functions and comes equipped with broad analytical capabilities featuring technical indicators among other graphical objects. To open an account, click on ‘Sign Up’ found on the topmost right hand side of the website. You can also fill the form on the homepage of the website. Accounts can be opened in EUR, USD, GBP, CAD, AUD, BTC. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. There are also information sheets on what Forex is, all about Cryptocurrencies, how to start your trading journey and much more.

Hugo’s Way is a new competitor in the social trading sphere. The space is fairly crowded with services like MyFxBook’s Autotrade, Zulutrade and eToro. That being said, Hugo’s way is still in “beta” – the company is not fully operational and we will have to update this review in the future. Forex trading imposes a high level of risks and is not suited for all traders and investors.

It’s very simple to use, easy to update, and my customers are able to order their fruit and veg online now which is a massive plus. The team at HugoFox worked hard to ensure my website was of a good standard, and they helped me every step of the way, from initial set-up to setting up the domain name. HugoFox is jam packed with simple and smart features designed to make managing your community website and promote your services. Hugo Fox helps you create and manage a powerful web site, so you can promote your offers and events, with no technical knowledge required. If you read this hugosway, consider paying your customer the respect they deserve, reputation is everything in this game.

  • HugoFX has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets.
  • You can use our free broker comparison tool to compare online brokers including Hugo’s Way.
  • Hugo’s Way is not ranked in our best forex brokers, best stock brokers,best cfd brokers, best crypto brokers or best online brokers categories.
  • HugoFX offers a wider range of platforms making it easier for the traders to choose one that matches their needs most.
  • Objectively, HugoFX is more reliable based on our criteria above.
  • Only HugoFX offers demo account, allowing you to test their platform to see which is suitable for you.

There is no designated government or non-government body to supervise the activities of HugosWay or to resolve complaints. Overall not experienced any negative sides to Hugosway when it comes to crypto trading, so very happy and they tick all the boxes i was looking Retail foreign exchange trading for. Came across Hugosway when looking to expand my trading over the weekends for cryptocurrencies. They always manipulate the trades and take you off before you know it. Even when using Credit/Debit Card, the clients are redirected to a third-party to buy Bitcoin.

A Good Choice For Forex And Crypto Service Use: Livelength Of Use: Over 1 Year

™Forex Peace Army, ForexPeaceArmy, FPA, and the FPA Shield Logo are all trademarks of the Forex Peace Army. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up.

The help centre has a Frequently Asked Questions section which is like a knowledge base. It consists of over 60 questions and answers on common questions covering account management, security, trading, etc.

ProfitiX has a wider range of languages in which customer service is offered making the broker more accessible. One of the criteria we looked at before opening an account on a forex broker is the minimum deposit amount. ProfitiX broker offers lower minimum deposit requirement.

What is HugoFX

You should of course understand and be aware of the risks involved with trading leveraged positions. Hugo’s Way is not ranked in our best forex brokers, best stock brokers,best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Hugo’s Way. Objectively, HugoFX is more reliable based on our criteria above. Only HugoFX offers demo account, allowing you to test their platform to see which is suitable for you. HugoFX has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. HugoFX offers a wider range of platforms making it easier for the traders to choose one that matches their needs most.

Compare Forex Brokers Skilling Vs Hugofx

As HugoFX offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades. HugoFX is regulated by Not regulated, while Kot4x regulated by Not regulated. By trading with securities you are taking a high degree of risk. You should start trading only if you are aware of this risk. Onlineforextrading.net is not providing any investment advice, we only help you find the best broker suitable for your needs. Onlineforextrading is free for everyone, but earns commission from some of the brokers.

What is HugoFX

As Hugofx offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades. The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. Objectively, ProfitiX is more reliable based on our criteria above. Because if you fund your account in the same currency as your bank account, currency conversion fees won’t be charged.

Opening an account with HugoFX is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account. HugoFX lets you request a withdrawal of funds from your account via the following means; Credit/Debit Cards, Bitcoin, Bank Transfer. Yes, HugoFX is regulated by top-tier regulators, Not regulated inclusive.

Comprehensive Review

I certainly will not reinstate it and I encourage others to find a more reliable broker. HugoFX accepts clients from all over the world, excluding Burma, Congo, Cuba, Iran, Iraq, Japan, Lebanon, Libya, Malta, North Korea, Somalia, Sudan, Syria, Vietnam, Zimbabwe. Anastasia is a developed cryptoinvestor entrepreneur and a person with extensive practical experience. In this blog she talks about investment strategies, technical aspects of brokerage organizations and gives advice from her personal, rich experience.

For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money. ProfitiX is regulated by N/A, while Hugofx regulated by Not regulated. FxGlory is regulated by IFSA, while Hugofx regulated by Not regulated. Moreover, its simplistic design and excellent user interface ensures the seamless implementation of any trading strategy no matter the complexity.

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