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Hugo’s Way FX Broker Review
Updated: November 24, 2024
Last Updated On November 24, 2024
2.09
/ 5
| 🏦 Min. Deposit | USD 10 |
| 🛡️ Regulated By | FSA-St-Vincent |
| 💵 Trading Cost | USD 13 |
| ⚖️ Max. Leverage | 500:1 |
| 💹 Copy Trading | Yes |
| 🖥️ Platforms | MT4 |
| 💱 Instruments | Forex, Cryptocurrencies, Metals, Stock CFDs, Futures, Energies |
Accepts Zambian 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 November 24, 2024
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 Zambian 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. Deposit | USD 10 |
| 🛡️ Regulated By | FSA-St-Vincent |
| 💵 Trading Cost | USD 13 |
| ⚖️ Max. Leverage | 500:1 |
| 💹 Copy Trading | Yes |
| 🖥️ Platforms | MT4 |
| 💱 Instruments | Forex, Cryptocurrencies, Metals, Stock CFDs, Futures, Energies |
Overall Summary
Deposit & Withdrawal Methods
Supported Platforms for Hugo’s Way FX
Account Information
Trading Conditions
Company Details
Deposit & Withdrawal Methods
Supported Platforms for Hugo’s Way FX
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Editorial Team
Chris Cammack
Head of Content
Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.
Alison Heyerdahl
Senior Financial Writer
Alison joined the team as a writer in 2021. She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers, and she now has over eight years experience in research and content development. She has tested and reviewed 100+ brokers and has a great understanding of the Forex trading world.
Ida Hermansen
Financial Writer
Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.
Vanessa Marcos
Financial Writer
Vanessa joined the team in 2023. Born and raised in southern Portugal, she has a BA in Journalism and a Master’s in Literary Theory, both from Lisbon University. Since 2011, she has worked in social media, copywriting, content management, ghost-writing, and SEO. Vanessa loves to write, and although she is a generalist in digital marketing, she always draws on her creativity in her work. She is constantly researching new subjects and finds the analytical depth of Forex trading fascinating.
Compare Brokers
Find out how Hugo’s Way FX stacks up against other brokers.
Accepts Zambian 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.
2.09
/ 5
Data provided by FxScouts
Hugo’s Way FX Trading Cost Comparison
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