Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Basic information from HugosWay review
About the broker
| Web: | https://hugosway.com |
| Supported languages: | English |
| Year of foundation: | 2017 |
| Headquarters: | Global Gateway 8, Rue de la Perle, Providence Mahe, Seychelles |
| Methods of contacting customer support: | |
| Contact: | support@hugosway.com |
| Deposit methods: | Bank transfer, VISA, MasterCard, Bitcoin |
| Withdrawal methods: | Bank transfer, VISA, MasterCard, Bitcoin |
About trading with HugosWay
| Minimum deposit: | 10 USD |
| Min. trade: | 0.01 |
Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:500 |
| Spreads: | Look at the spread table - spread on the currency pair EUR/USD is 1.2 pips * on a standard account type |
Underlying assets: Might be a CFD. | Forex (55), cryptocurrencies (30) |
| Mobile app: |  |
| MetaTrader 4: | |
| Other trading platforms: | WebTrader |
| Social trading: |  |
Spreads & fees
Fees of most brokers change relatively often and unfortunately it is not in our possibilities to keep up-to-date information about fees at HugosWay, of course you can find current info on their website https://hugosway.com.
Spreads at HugosWay on standard account*
| EUR/USD | GBP/USD | USD/JPY | EUR/GBP | USD/CHF | EUR/JPY |
|---|---|---|---|---|---|
| 1.2 | 3.1 |
* Spread was taken 17.01.2020 at 21:18 from the web or trading platform of HugosWay.
Random reviews of competing CFD brokers: TopFX, ATFX, FXOpen and VTMarkets
Frequently Asked Questions
🧐 Is HugosWay a scam?
We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if HugosWay is a scam or not.
🆓 How to open a free demo account?
Opening a demo account with HugosWay is very simple, just register on their website.
📱 Does HugosWay offer the best mobile app for trading?
HugosWay offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.
We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the HugosWay mobile app.
We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.
| Broker | English | Min. deposit | Spread EUR/USD* | Platforms | License | |
|---|---|---|---|---|---|---|
 | | 100 USD | 1.0 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of Etoro. | In-house built platform | FCAASICCySec | etoro.comreview EUR/USD*: 1.0 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of Etoro. |
 | | 0 | 0.9 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of XTB. | In-house built platform | FCA CySec | xtb.comreview EUR/USD*: 0.9 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of XTB. 74% of retail investor accounts lose money when trading CFDs with this provider |
 | | 100 USD | 0.8 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of Plus500. | In-house built CFD platform | FCAASICCySec | plus500.comreview EUR/USD*: 0.8 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of Plus500. 80% of retail investor accounts lose money when trading CFDs with this provider |
* The spread is variable for most brokers and changes depending on market volatility.
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by Etoro 51% of retail investor accounts lose money when trading CFDs with this provider - advertising partner.
That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.
If you have any experience with HugosWay, please share it in the comments to help others to choose the suitable broker.
Been using Hugosway for a good amount of time now. All round great broker and I’d recommend them to anyone who asks. Costumer service is always great if ever any problems with withdrawals/etc. Definitely one of the best out there currently.
0
Been using Hugosway for a while now and I have to say it’s mainly been a positive experience. No issues with withdrawals and support has always been quick & pleasant anytime I’ve had questions along the way. Prices are pretty good once you compare to others so I’d say they’re a pretty solid option for anyone that wants an easy experience with low costs.
0
I am a day trader and I need to have decent leverage. I started trading with Hugosway mainly because of their offered leverage. Their same day withdrawal service comes handy for day trading as well. Usually, it takes only some hours to process a withdrawal. Less commission, decent spread and wide ranges of cryptos, currencies to trade are some of the features that make may trade with them.
I have been with them for over a year. I have not had any issue. On some occasions, I had to seek help from their customer service. They were helpful and solved my problem accordingly.
0
I find Hgosway pretty decent as I get to trade both Forex and Crypto markets. The spreads are a bit much but they compensate for the services and convenience that the broker offers. Love their support team too as they help me set up my MT4 in my initial stages and never my queries go unreplied.
0
I’ve been using them more than an year, may be almost 2 even. They was may be one of the first mixed FX and Crypto brokers. My key points to start with them was the good crypto pairs amount, deposit/withdraw methods and speed and the option for anonymity trading . At second point i found that their client support is also good and responsive. The low deposit minimum is very useful for some crazy strategy experiments. In conclusion a good all round broker without any issues for me.
0
HugosWay has been my go-to for nearly a year, and they have never let me down. Being able to trade crypto 24 hours a day, seven days a week is my favorite thing. Plus, having the option to use 1:500 leverage on FX and 1:100 leverage on crypto is also quite handy. The recent addition of a new server has improved stability even further, and the additional 24/7 chat feature is a plus. I hope they keep adding new altcoins, it’s easy to trade with them compared to exchanges.
0
My experience with Hugosway has been very good. I moved over to them from my previous broker (Etoro) as I was sick of the inbuilt platform which had too many restrictions and had been recommended to use MT4. They also have pretty much all of the assets you could need from forex to cryptos to stocks, all with decent leverage. Also love the fact I can hold my account balance in bitcoin which is what I want to keep accumulating for long term. Customer service being available 7 days is another plus factor, withdrawals have also been fast and efficient. Not had any issues to complain about so far. My only recommendation for them is that I would love to see them add some more crypto coins.
0
Been with Hugosway for a while now started out using for crypto with them offering 24/7 trading and large crypto offer on the whole. The spreads are decent and the offered leverage of 1:100 on crypto is more than enough. Withdrawals are always fast, and there forex list is just as good with more than enough pairs. rather then having 2 different brokers I moved every thing over to Hugosway which makes my life a lot easier. no reason to change again from what I can see using them.
0
been using them for well over a year now and not had a single issue. great support and fast withdrawals. everything im looking for
0
Used Hugosway for a few years now. Withdrawals are always same day (even on a weekend) and you can trade Crypto on a weekend.
0
Solid broker for me. Ive been happy with them for a while now. I use the 500:1 leverage to compounding small accounts. I use it to trade NAS and cryptos too
0
Hugosway has been around consistently for a good few years and introduced me to 24/7 trading and Crypto trading on the whole. the spreads are decent enough and the offered leverage of 1:500 is more than enough to make decent profits from small deposits. Fast execution of the withdrawals i’ve made too!
0
Been using this broker for years now and I’ve had no reason to use another. Decent spreads and withdrawals are always fast. Everything that I need really
Hugosway coerce it’s users to enable 2FA, so when one attempts to sign in a sms message is sent to the hand phone with the verification code. Unfornately, that OTP (one time password) many times never comes. Even after multiple attempts to resend. Very shady business.
No complaints from me, I mainly trade crypto with these, they have more than enough pairs to keep me busy and I can trade all weekend which is the best time for me. Spreads and commissions are as good as anywhere else and I’ve never had any issues with reliability. Their customer service has always been spot on when ever I have used it as well.
0
Hugosway is a broker that I have been using for nearly 2 years now. I have never had any problems with deposits/withdrawals and have always found the system easy to navigate. I like to use them as you can trade crypto 24/7 which I do along with forex during the week.
Been using Hugosway for the last year as I like to trade Crypto and Hugosway is 24/7. I have also had no issues with them as well
These guys are a solid broker . Good platform , I’m a MT4 diehard all good there . Lots on offer and if Crypto trading is your thing these are a cut above the rest. No complaints and I’ve no problem recommending them .
0
I’ve used Hugosway to trade both forex and crypto’s recently. They have some good leverage available and especially crypto’s where they have 1:100 which is hard to come by. I normally use mt4 to trade with them but also used their webtrader which was also quite quick and efficient.
I came across Hugosway whilst looking for a more comprehensive broker to trade crypto on. They provide a much better service than many other brokers and meet all my trading needs on crypto. In the end I also started trading Forex and having everything under one roof was very beneficial. Had an account with them now well over a year and found them very reliable.
0
I’ve been using Hugosway for about a year and they have been solid in that time. Being able to trade crypto 24/7 was a box I wanted ticking when picking a broker and with them I can not only do this but also trade FX in very competitive conditions. My BTC withdrawals generally hit my Coinbase wallet in 2hrs or less. 1:500 leverage on FX and 1:100 on crypto is also very useful to have the option to use. The recent addition of a new server has made things even more stable than before and the new 24/7 chat facility is excellent.
0
Great broker choice, especially if you like trading cryptos. Been with them a long time now and not had any issues with them. 24/7 trading and Customer Support is a big plus.
0
Been with these guys for about a year now, not had any real problems, the only thing I did have was fixed quickly, decent servers and spreads and same-day withdrawals, so not a bad broke at all. They also do 24/7 crypto trading which is great,
0
Really solid broker, they always process my withdrawals in a timely manner and have excellent customer service.
Been using hugosway for over a year now and ive been very happy with their trading platform. The thing i enjoy most and have made the most money on is trading bitcoin 24/7. With the leverage options available, its allowed me to trade my favorite asset alot better. Plus the fast bitcoin withdrawals are awesome
I use them and very happy overall. fast trade execution, mt4, good variety of tradable assets to diversify my portfolio and fast withdrawals. would recommend them