Hugosway Review present by 55brokers and other brokers reviews, Before signing an account you should always check on broker reliability and compare its trading offering. 

What’s Hugosway broker?

  • Company name: Hugo’s Way Limited
  • Registration/license: Seychelles

Is Hugo’s Way a scam or legit broker?

No, Hugo’s Way broker is not safe to trade with it . Hugo’s Way is own by Hugo’s Way Limited which is an offshore company registered in Seychelles.

Seychelles is notorious for its easy process of financial or investment firm establishment, through a very low list of requirements, small budgets and what is more crucial with no strict overseeing of the brokers’ operation or history. Therefore, it became an offshore zone for shady forex brokers such as FXLinked, UKFinvest and more.

Hugo’s Way offers forex currency pairs, indices, commodities and stocks and also cryptocurrency trading. It claims to offer a new level of trading and is able to offer market-leading pricing and trading conditions.

hugosway reviews from 55 brokers.com
According to the broker’s website, the company is going through the process of applying for a license, however, for now, it remains unregulated. As proof, the website states that Hugo’s Way is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.

We advise all investors and traders to avoid Hugo’s Way and other brokers from Seychelles. Generally, all the traders are advised to avoid unregulated/offshore brokers as there is a huge risk of losing money with such firms. Instead, choose those that are regulated with reliable regulator agencies. Traders should invest with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as etoro and plus500.

55brokers.com for Forex Broker Reviews

brokers reviews may you interested

No news available.

One response to “hugosway reviews”

  1. Been with Hugos for around a year, the only positive point I could find is their support. Very reponsive, they have weird opening hours if you trade WTI and some commodities, stupid high spread but that didn’t bother me that much since I do swing trades. You will get a ”market closed” or ”invalid” when theres a lot of volatility in the markets which makes you unable to place trades.

    I used BTC to fund my account because it didn’t require any KYC (I like BTC because of its privacy aspect) When I asked a withdrawal because I am leaving their broker they made me take a selfie of me while holding an ID while holding a piece of paper where I had instructions of putting date/withdrawal amount/signature, they tell you it’s for ”safety purpose” Keep in mind that the only info they had was my name and phone number, for me this is total bullshit (I had an authenticator and been using the same IP/IPS since the opening of this account a year ago)

    They don’t know how to do business, if a customer wants to leave just give him his money, because of this I will not recommend this broker to any of my friends+ will tell my close people to move over to vantagefx because they now offer BTC funding/withdrawal, better spread, more instruments..everything better basically except if you’re a 100+ lot trader. I will take 2 hours of my time posting this comment on every possible review website.

    If you read this hugosway, consider paying your customer the respect they deserve, reputation is everything in this game. Imagine how much customers will look for another broker after reading this comment, a unhappy customer can have a huge effect these days with all the medias and shit.

Leave a Reply

Your email address will not be published. Required fields are marked *

* code