Hugo’s Way FX Broker Review

Author Author:  Jeffrey Cammack Published: Oct 24, 2020
Editor Editor:  Chris Cammack Updated: May 10, 2023

Last Updated On May 10, 2023

Jeffrey Cammack
Broker Score
2.09 2.09 / 5
🏦  Min. DepositUSD 10
🛡️  Regulated By
💵  Trading Cost 
USD 13
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
AlertAccepts Filipino Clients. We do not recommend Hugo’s Way FX due to lack of regulation. Average spread EUR/USD 0.80 pips with 5 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 platform support. HugoswayFX is not regulated by a credible regulator. Use at your own risk.

Last Updated On May 10, 2023

Jeffrey Cammack

75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website you agree to our Terms of Service.

Our verdict on Hugo’s Way FX

We do not recommend Hugo’s Way to Filipino traders as it is completely unregulated and trading costs are high. If you are looking for a good ECN/STP broker we recommend Axi or FP Markets.

Hugo’s Way is an ECN/STP broker with a single account type and support offered for the MT4 platform only. Spreads are wide for an ECN/STP broker, starting at 0.8 pips on the EUR/USD. Hugo’s Way also charges a 5 USD commission per lot traded, making this broker one of the more expensive ECN/STPs to trade with. Forex education and market analysis are almost non-existent and customer support is limited to a contact form and a live chat system. 

🏦  Min. DepositUSD 10
🛡️  Regulated By
💵  Trading Cost 
USD 13
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

Overall Summary

Trust Rating
000000/ 5
Trading Conditions
111003/ 5
Trading Platforms
110002/ 5
Deposit & Withdrawal
100001/ 5
Education & Research
10.50001.5/ 5
Assets Available
111104/ 5
Customer Service
111104/ 5
Beginner Friendly
Poor
Welcome Bonus

Account Information

Base Currencies
AUD, EUR, GBP, NZD, USD
Number of FX Pairs
55
Crypto Pairs
35
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Account Name
Trading Desk
Commission
5 USD / Lot
EUR/USD
0.80 pips
GBP/USD
1.10 pips
USD/JPY
0.70 pips
Negative Balance Protection

Company Details

Company Name
Hugo’s Way Ltd
Founded
2017
Website
Website Language
English
Support Language
English
Office Locations
St. Vincent and the Grenadines

Pros

  • #N/A

Cons

  • #N/A

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AlertAccepts Filipino Clients. We do not recommend Hugo’s Way FX due to lack of regulation. Average spread EUR/USD 0.80 pips with 5 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 platform support. HugoswayFX is not regulated by a credible regulator. Use at your own risk.
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Broker Score
2.09 2.09  / 5
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Hugo’s Way FX Financial Regulation

Regulator License
Regulator License

Hugo’s Way FX Trading Cost Comparison

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