HugoFX
- Information
- Parameters
- Types of accounts
- Reviews (1)
HugoFX is a Forex broker founded in 2017 in Saint Vincent and the Grenadines. The broker accepts clients from all over the world with the exception of the USA and other countries where restrictions apply.
HugoFX - regulated broker?
HugoFX, also called Hugo's Way, is a legally registered broker located in Saint Vincent and the Grenadines, but not regulated by any government agencies.
Nevertheless, the broker states that all client funds are kept separately from the company's fixed capital in special segregated accounts in first-tier banks.
What is the maximum leverage in HugoFX?
The leverage offered by HugoFX is one of the highest in the industry and is 1:500 for major currency pairs and 1:100 for cryptocurrencies.
Trading instruments
As for the instruments that HugoFX clients can trade, the selection includes more than 50 currency pairs and CFDs on shares of more than 70 companies, as well as CFDs on stock indices, metals and energy carriers. Finally, the broker also offers a selection of over 30 cryptocurrencies, which is much more than most other Forex brokers.
Trading Platforms
All these assets can be traded on the classic MetaTrader 4 (MT4) platform, which is also the only HugoFX trading platform.
What types of accounts does HugoFX offer?
HugoFX is an STP/ECN broker with high institutional liquidity from leading banks. It offers only one type of account with narrow spreads from 1.2 pips for the EURUSD currency pair.
What is the minimum deposit in HugoFX?
Trading accounts in HugoFX can be replenished by bank transfer, credit and debit card, VLoad e-wallet and by sending bitcoins. The minimum deposit is $50.
Conclusions
HugoFX is an ECN broker with high leverage, narrow spreads and a wide range of assets, including cryptocurrencies. Of the minuses, we can note the lack of regulation. The advantages of this broker are also the ability to replenish the account with bitcoins and round-the-clock support 7 days a week.
Before choosing a broker, we recommend that you read the reviews of HugoFX, as well as see our rating of Forex brokers.
| General information of HugoFX | |
|---|---|
| Broker Name | HugoFX |
| Year of foundation | 2017 |
| Headquarters | Saint Vincent and the Grenadines |
| Regulation | — |
| Trading Platforms | MT4 |
| EURUSD Spread | 1.2 pips |
| Demo account | + |
| Minimum deposit | 50$ |
| Base currencies | USD |
| Maximum leverage | 1:500 |
| Assets | Currency pairs, indices, stocks, metals, cryptocurrencies |
| Deposit replenishment | BankTransfer, Visa/MasterCard, VLoad, BTC |
| Withdrawal fee | + |
| Payment for inaction | — |
| Islamic Accounts | — |
| Segregated accounts | + |
| PAMM accounts | — |
| Partner account | + |
| Scalping | + |
| Automatic trading | + |
| Mobile Trading | + |
| Web terminal | + |
| Social trading | — |
| Signals | — |
| VPS | — |
| Deposit bonuses | — |
| Contests | — |
| Support 24/5 | + |
- Year of foundation 2017
- Head Office address Beachmont Business Centre, Suite 65, Kingstown, St. Vincent and the Grenadines
- Maximum leverage 1:500
- Min. deposit $50
- Regulation
- Trading Platforms
- Payment systems for input Bank Transfers, Debit/Credit Cards , BitCoin
- Payment systems for withdrawal Bank Transfers, Debit/Credit Cards , BitCoin
- Number of trading instruments 55
- Number of CFD instruments 120
- Number of futures 1
- Number of metals 3
