Forex Broker
Min. deposit
Trading Platforms
Payment systems for withdrawal Bank Transfers, Debit/Credit Cards , BitCoin
Low initial deposit
Segregated accounts
Affiliate program
Wide selection of trading instruments
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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 broker

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.

HugoFX spreads

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.


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 NameHugoFX
Year of foundation2017
HeadquartersSaint Vincent and the Grenadines
Trading PlatformsMT4
EURUSD Spread1.2 pips
Demo account+
Minimum deposit50$
Base currenciesUSD
Maximum leverage1:500
AssetsCurrency pairs, indices, stocks, metals, cryptocurrencies
Deposit replenishmentBankTransfer, Visa/MasterCard, VLoad, BTC
Withdrawal fee+
Payment for inaction
Islamic Accounts
Segregated accounts+
PAMM accounts
Partner account+
Automatic trading+
Mobile Trading+
Web terminal+
Social trading
Deposit bonuses
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
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HugoFX, known as Hugo's Way, offers a MetaTrader 4 platform and a variety of trading instruments including forex, cryptocurrencies, stocks, and commodities. The account opening is straightforward, and they provide high leverage, which, while attractive, also increases trading risks. Reviews on their deposit and withdrawal processes are mixed, with some concerns over delays and fees. Customer support experiences vary, ranging from responsive to less helpful. A significant concern is HugoFX's lack of regulation by major financial authorities, raising questions about fund security. They offer competitive spreads, but traders should be wary of potential hidden fees. Educational resources are limited, potentially disadvantaging beginners.