Hugo Forex Broker

Hugo's Way Review SummaryRegistered On2017-02-19Registered Country/RegionSeychellesRegulationUnregulatedMarket InstrumentsForex, Cryptocurrencies, and StocksDemo Account/LeverageUp to 1:500Spread/Trading PlatformMT4 (iOS, Web, Android, and Windows)Min Deposit$10Customer Supportsupport@hugosway.comHouse of Francis, Room 303, Ile Du Port, Mahe, SeychellesHugo's Way Information Hugo's Way is an ECN-connected broker that uses an STP (Straight-Through Processing) execution model with no dealer intervention. It offers the MT4 trading platform and provides various trading instruments such as forex, cryptocurrencies, and stocks. Meanwhile, the platform offers 24/7 customer support.Pros and ConsPros Cons Multiple trading instrumentsUnregulatedLeverage up to 1:500Single Bitcoin withdrawal methodMT4 availableHigh leverage riskLimited account informationUnclear fee informationIs Hugo's Way Legit? Hugo's Way is unregulated, so its security is relatively low. It is recommended to choose brokers regulated by top regulatory authorities.What Can I Trade on Hugo's Way? On the Hugo's Way platform, traders can conduct diverse trading, including cryptocurrencies, energies, futures, forex, indices, metals, and stocks.Tradable Instruments Supported Forex✔Eenergies✔Stocks✔Cryptocurrencies✔Precious Metals✔Futures✔Indices✔Bonds❌Mutual Funds❌Leverage The platform offers flexible and high leverage ratios, with a maximum of 1:500 for forex and stock trading, and a maximum of 1:100 for cryptocurrency trading.Trading Platform Hugo's Way provides the mainstream platform MT4, supporting multiple trading versions, including iOS, Web, Android, and Windows.Trading PlatformSupported Available Devices Suitable for MT4✔iOS, Web, Android, and WindowsBeginnersDeposit and Withdrawal The minimum deposit is $10. Hugo's Way supports deposit methods including direct Bitcoin deposits (minimum $50), purchasing and transferring Bitcoin via Instacoins (minimum $50), and wire transfers via Instacoins (minimum $100). Additionally, Bitcoin withdrawals can be processed as quickly as 1 hour.