What is hugosway?
HugosWay is an offshore Forex broker, that opened in February 2017. You should take a minute and read the article: “ The Difference Between Regulated & Offshore Brokers “. For complaints and withdrawal problems, read this. Forex Investors at HugosWay are given the popular Forex trading platform known as MT4 (MetaTrader4).
Is hugosway an offshore broker?
Hugosway is an offshore broker and is owned by the company Hugosway LTD in St Vincent and the Grenadines, a country in the Caribbean. Hugosway is a fairly new fx broker, as they have only been around since 2017.
How many assets does Hugos way offer?
The broker has 27 forex exotics, 21 forex crosses, 7 major forex pairs, 6 metals, 31 crypto trading assets, 63 stocks, 11 indices, 1 future asset, and 3 energy instruments. Again, Hugos Way also offers over 150 trading assets.
Is there any risk in investing with hugosway?
Any capital you invest is at risk. Established in 2017, and in operation for 4 years HugosWay have a head office in St. Vincent and the Grenadines. HugosWay is not regulated.
Which is better Tradersway or Hugosway?
Overall, after reviewing Hugosway vs Tradersway trading account features, the best offshore forex broker is Tradersway. Tradersway accommodates the needs of all types of traders, offers high leverage of 1:1000 and overall lower trading commissions ($3 per 1 standard lot) on the ECN account.
Is Oanda a FIFO?
Earlier this week, forex broker Oanda announced that as of May 30, 2011, it will have FIFO trade rules implemented on all its platforms.
How do you get around the FIFO rule?
3:406:50How to Hedge and Get Around FIFO with a US Forex Account - YouTubeYouTubeStart of suggested clipEnd of suggested clipSo we close that first one out and then i'm going to close this other one out now let's start allMoreSo we close that first one out and then i'm going to close this other one out now let's start all over. Let's say i want to sell one position okay and now let's say i want to open a second position.
What broker does Hugosway use?
HugosWay Review. Hugosway is an STP & ECN style unregulated forex broker that offers 56 currency pair, 16 Cryptocurrency and 37 crosses through the MetaTrader 4 forex trading platform and Payments with Bitcoin.
How can we avoid the FIFO rule?
1:254:18Solutions to FIFO and Hedging for US Based Forex traders. 2 ... - YouTubeYouTubeStart of suggested clipEnd of suggested clipIn must be the first out. You also cannot close to unless one has been closed. So that's that's theMoreIn must be the first out. You also cannot close to unless one has been closed. So that's that's the rule first-in first-out. So they have to be closed in order.
What is a FIFO broker?
FIFO: Stands for: First In First Out. If your broker is required to adhere to FIFO, then for each currency pair, they must make you close out your oldest trades before you can close out trades that you opened more recently.
Can you hedge with Oanda?
OANDA's MT4 Hedging Compatibility† product simulates the trading of multiple long and short forex and CFD positions in the same instrument (often referred to as “hedging”) over the OANDA MT4 platform.
Is forex hedging legal?
Is Hedging Legal? As previously mentioned, the concept of hedging in Forex trading is deemed to be illegal in the US. Of course, not all forms of hedging are considered illegal, but the act of buying and selling the same currency pair at the same or different strike prices are deemed to be illegal.
How do you hedge forex?
Forex correlation hedging strategy A common hedging strategy is seeking a correlation between currency pairs. This would involve selecting two currencies that typically have a positive correlation (move in the same direction) and then taking opposing positions on them.
Can Hugosway be trusted?
Ive been using hugosway since January of 2019, haven't had any of the issues many people encounter thankfully, no complaints at all, withdrawals and deposits are fairly quick i use cryptocurrency as method of deposit. No issues with support. Always available in chat, no broker is perfect but no complaints as of yet.
Is Hugosway a true ECN broker?
Hugo FX True ECN Broker Hugo's Way offers a new level of trading and is able to offer market-leading pricing and trading conditions through the MT4 platform by providing clients with true ECN connectivity.
Is Hugosway an ECN?
Hugo's Way is able to offer market-leading pricing and trading conditions through the MT4 platform by providing clients with true ECN connectivity.
What is Hugosway?
Hugosway is a broker that offers Forex and CFD trading. Hugosway is owned by Hugo’s Way Limited which is an offshore company registered in Seychelles.
Is Hugosway legit or a scam?
No, Hugosway broker is not safe to trade with it . Hugosway is owned by Hugo’s Way Limited which is an offshore company registered in Seychelles. S...
What is Hugosway minimum deposit?
Hugosway minimum deposit for all account holders is $100
What trading platforms does Hugosway offer ?
Hugosway offers MT4 as its trading platform
is Hugosway regulated
Hugosway is not-well regulated. It is an offshore company, based in Seychelles and regulated by the Seychelles International Business Authority (SI...
Is HugosWay safe?
While HugosWay may not be considered unsafe, they are not regulated or supervised by any major regulatory body. Depending on your trading style thi...
Can I try HugosWay?
HugosWay offer a demo account so you can try before putting down funding payments. Open a practice account.
What funding methods do HugosWay accept?
Payoneer, Credit cards, Bank Transfer, PayPal, Neteller, Debit cards among other payment methods.
How can I start trading with HugosWay?
HugosWay offer a demo account so you can try the HugosWay platform before you put down a payment.
Is my money safe with HugosWay?
HugosWay is regulated by Unregulated. One of the most important criteria for traders when choosing a broker like HugosWay is the regulatory body an...
Is HugosWay trading good?
While HugosWay may not necessarily be considered bad, they are not regulated. We would recommend trading with only regulated brokers.HugosWay is us...
Is HugosWay trading Legit?
HugosWay was founded in St. Vincent and the Grenadines in 2017. HugosWay has been facilitating trade on the financial markets for over 5 years. Hug...
Is HugosWay a good broker?
HugosWay is not regulated by a top tier financial regulator. While many traders may still find trading with HugosWay useful, we recommend only trad...
Is HugosWay trustworthy broker?
While having many plus points because HugosWay is not regulated we personally would not trade with them. Make any broker you trade with is regulate...
What is the minimum deposit for HugosWay?
The minimum deposit to trade with HugosWay is 10.
Where is Hugosway located?
Hugosway is an offshore broker and is owned by the company Hugosway LTD in St Vincent and the Grenadines, a country in the Caribbean. Hugosway is a fairly new fx broker, as they have only been around since 2017.
What is 2FA in Hugosway?
In addition to the limitations, Hugosway regulates its payment service as traders can enable Two Factor Authentication (2FA) with an authentication app or a verified phone number over SMS. The 2FA is meant to provide additional security to traders’ money.
What is Hugosway trading?
Hugosway is an online broker that focuses on the MetaTrader 4 forex trading platform. With over 150 trading instruments on the trading platform and over 50 currency pairs, trading CFDs, stocks, silver, gold, indices, oil, and bitcoin, there’s something for every trader. Traders may have a risk of losing money with Hugosway as they are not ...
What happens if you use a wire transfer on Hugos?
If you use a bank wire transfer, your accounts lose money because there is a transaction fee of $25. Ultimately, the best way to make deposits and withdrawals on your Hugos Way trading account is with credit or debit cards or Bitcoin.
How long does it take to get money from Hugos Way?
The minimum deposit via wire transfer is $100, and it can take up to 7 days to reach your trading account. If you use a bank wire transfer, your accounts lose money because there is a transaction fee of $25.
How to create a Hugosway account?
Creating an account on Hugosway is easy, simply go to their website and click on ‘sign up’ to create your account. You will need to input your first and last name, your email, and a password. If you are opening demo accounts, it will need to have a different password than any future live accounts.
How many lots can you trade on Hugo's Way?
The smallest trade clients can make on Hugo’s way is one micro lot, 0.01. This is a good starting point for beginners as it is one of the lowest possible risk levels in trading. On the other hand, the largest trade size is 1,000 lots.
Who owns Hugo's Way?
Hugo’s Way is owned by Hugo’s Way Limited which is an offshore company registered in St. Vincent and the Grenadines. However, the fact is that St. Vincent and the Grenadines is an offshore zone, which does register the financial investment firm, but provides very poor if none requirements to the company operation.
Is Hugo's Way a broker?
Hugo’s Way in the USA. The USA is not on the restricted list, which means the broker accepts US residents. However, as per the U.S law, brokers regulated by CFTC are the only brokers allowed for the USA traders. So, except for Hugo’s Way, you are only permitted to trade with the U.S regulated trading platforms.
Is Hugo's Way regulated in India?
Hugo’s Way in India. Hugo’s Way has no mention of complying with any Indian regulators on its website. It is also worth mentioning that Forex trading is actually prohibited in India. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here.
What is Hugosway?
HugosWay is a multi asset platform with 100+ tradable Assets . Assets available on HugosWay include Forex, Cryptocurrency, Stocks . HugosWay trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex, Cryptocurrency, Stocks ...
What is Hugosway platform?
The HugosWay platform is available to use on multiple devices inclding IOS devices like iPhones and iPads, Android devices and online through a Web Browser . HugosWay offers an easy to use trading platform with tools for both New Traders and Seasoned Experts.
How much do you need to trade with Hugosway?
HugosWay offer three ways to trade: Forex, Cryptocurrency, Stocks. With HugosWay you will need a minimum deposit of $10. You can sign up for a demo account to acquaint yourself with HugosWay platform . HugosWay are able to accommodate various levels of traders whether you are experienced or a beginner.
Where is Hugosway located?
HugosWay are a global broker. HugosWay have a head office in St. Vincent and the Grenadines.
Does Hugosway charge fees?
HugosWay does not charge a fee for inactive accounts. An account inactivity fee is a fee charged to the registered brokerage client. Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.
Does Hugosway have negative balance protection?
If your broker is regulated by the FCA Negative Balance Protection should be set in place by your broker as standard. Your HugosWay account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.
Is Hugosway a global platform?
Yes, HugosWay is global as HugosWay is available in over 188 countries. HugosWay is a global trading platform in the sense that it operates in 188 nations including nations in Europe, Asia, Oceania, and Africa. Major countries HugosWay covers include the UK, Germany, Australia, South Africa, Thailand, and China.
Does Hugos Way offer swap free?
As for an Islamic Account option, at present, Hugo’s Way does not offer a Swap-free Account. However, clients of the Islamic faith can open such an account with IC Markets. The broker’s all three main account types support a swap-free account option, “where no interest fees will be credited or debited.”
Can Hugosway be contacted?
By comparison, Hugo’s Way can only be contacted via live chat and email. Traders can get hold of Hugosway on the phone by requesting a “Request a Callback.”
Is IC Markets a FIFO?
Overall, IC Markets offer a wider option of trading platforms, faster execution speed, no FIFO rule, high-quality VPS service and advanced trading tools. Traders looking for more than just the MT4 platform can satisfy their needs by opening an account with IC Markets.
How to get money back from Hugosway?
With so many scammers out there, recovery companies are becoming popular. The best way to get your money back from the HugosWay scam is to hire someone who is experienced in recovering money in these types of situations. This can be tricky considering the number of fraudulent recovery companies that are operating.
Is Hugosway a scam?
HugosWay has had a lot of bad reviews since they began operating in February of 2017. Many claim that the company is operating some kind of scam. One of the main issues that people have with HugosWay is that they have a hard time withdrawing their money, there’s also a growing concern that they are not regulated.
Can Hugosway return money?
However, if you continue to read below, you will see that they legally cannot return any profits to your debit or credit card. You can only get back the amount that you invested.
Do people get their money back from HugoFX?
In fact, most people never got their money back at all. The only cases where it seems that clients of HugoFX received their funds back is in cases where the client was being convinced to deposit more money and received a small withdrawal in order to earn trust. You can read more about that here.
Is Hugosway a fake review?
While there have been a few halfway decent reviews posted online, they seem suspicious since they have no detailed information about who they are. This is common practice and we can guarantee that a positive Hugosway Review is a fake Hugosway Review. It could also be a new customer who hasn’t tried to withdraw his or her money yet.
Is Hugosway a regulated broker?
Those who are not regulated can get away with doing whatever they want because they have no rules that they must follow. In many cases, brokers who are not regulated abuse the system and are not reliable. Hugosway is not a regulated broker.
What is Hugo's way?
Hugo’s Way is an ECN/STP broker, meaning all client trades are sent directly to external liquidity providers. This means that no trades may be altered on behalf of a client as our quotes are provided by liquidity providers based on available rates at the time of trading.
Is Hugo's Way a safe broker?
Hugo’s Way provides a safe and secure trading environment for clients through the award-winning MT4 platform. As an ECN/STP broker, we offer fast transactions without any intermediaries, meaning there can be no third-party interference whatsoever. Moreover, our low spreads are provided directly by our liquidity providers.
Is Hugosway regulated?
HugosWay is not regulated at this time. There is no designated government or non-government body to supervise the activities of HugosWay or to resolve complaints. Please read unbiased traders reviews on Forex Peace Army here: https://www.forexpeacearmy.com/forex-reviews/14070/hugosway-forex-brokers#faq-is-hugosway-a-regulated-broker.
Is Hugosway a regulated broker?
Forex brokers in the United States must be licensed and regulated by the CFTC, otherwise your cash is not protected. Hugosway is not a licensed or regulated broker.
Is Hugosway a scam?
HugosWay is Not Regulated. The way you know a Forex broker is not a scam, is by checking their regulatory status. When you see that they hold a valid license from your governments financial regulator, you can be sure that they are a legitimate broker. Forex brokers in the United States must be licensed and regulated by the CFTC, ...
5-Level Commission Structure
For every client who signs up through your unique Affiliate link, you – the ‘Master Affiliate – will gain a commission of $2 per lot traded by each referral. If one of your referred traders refers another trader to the platform, the Master Affiliate will continue to earn a further commission per lot traded.
Exclusive Affiliate Manager
As part of our commitment to ensure our Affiliates develop a successful campaign, Hugo’s Way grants Affiliates with their own exclusive Affiliate Manager.
Marketing Tools
Apart from an Affiliate Manager, Hugo’s Way also provides a range of marketing tools to help make your campaign shine. Using the right combination of marketing tools and affiliate consultation will enable you to increase your earning potential!
