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Hugo’s Way FX Broker Review
Updated: May 10, 2023
Last Updated On May 10, 2023
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 Kenyan 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
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 Kenyan 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
Accepts Kenyan 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 FX Scouts Kenya
Hugo’s Way FX Trading Cost Comparison
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