I tried several times throughout a week or so but they kept denying it. Eventually they allowed it through and I haven’t traded with them since. I’m not sure if it’s zoo monkeys or carnival barkers running this show but save your money and get a different broker.
I’ve been using them more than an year, may be almost 2 even. They was may be one of the first mixed FX and Crypto brokers. My key points to start with them was the good crypto pairs amount, deposit/withdraw methods and speed and the option for anonymity trading. At second point i found that their client support is also good and responsive. The low deposit minimum is very useful for some crazy strategy experiments.
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, otherwise your cash is not protected. Withdrawals are fast often within a few hours, customer support was good for one server issue I had .
If you opt to trade with a smaller lot size, the commission fee will be adjusted based on the lot size selected. For example, if you decide to place a trade with 0.5 lots, you would be charged $2.50. Deposits with HugosWay do not require a fee, and you do not have to wait a long time for your deposits to be processed.
The data contained in this website may not be real-https://forexhero.info/ and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.
- Traders can then transfer money from wallet to wallet or from their wallet into their MT4 account for trading.
- This web trader should be connected to a trading account to function.
- The how-to-guides include topics such as how to purchase Bitcoin with your debit card or how to become the best trader.
- People talk about regulated brokers but doesn’t mean as much as you think.
If you alhugofxy use another broker or are already trading with a different broker’s MT4 web platform, you can also connect it to Hugosway. The broker blocked your account; You cannot login back into your account … Unfortunately, most people don’t understand the complexities, and others take huge risks in the hopes of making a lot of money quickly. Yes, HugosWay offers an MT4 platform as an app for Android and iOS devices. Do not trust such scams and do not think you will have any commission. Instead, you might get some money that your friend invested and lost.
Please note that this procedure could delay your withdrawal from hours. You should receive the funds in a much less time frame than we provided, that timeframe is given just in case we need to do more thorough checks.” This is simply one of the checks executed to ensure that your funds are being released safely. Even if you do not have open trades or low Margin Level, we still require this time to look into the withdrawal and ensure we are releasing it in a secure manner. Kindly note that that the withdrawal process must align with the anti-money laundering and anti-terrorism funding regulations and therefore, cannot be circumnavigated by any client whatsoever.
What funding methods do hugosway accept?
The legal entity behind Hugo’s Way is called Hugo’s Way Limited, registered at Beachmont Business Centre in St. Vincent and the Grenadines, a country widely considered as an offshore tax haven. The company doesn’t hold a regulatory license, hence it is not regulated by any financial authority. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up.
Doing so helps keep client funds separate from Hugosway funds. I withdrew some money from my account and received it in under an hour. Just create a withdrawal request, and the money will be in your bitcoin wallet that day.
Connect to an Account – Getting Started – MetaTrader 5 Help
It can be downloaded for Windows and Mac devices and provides an option to view trading history and real-time prices. It’s the best platform industry offers and is highly recommended due to the increased security level. According to one of the most significant websites for reviews, Trustpilot, Hugosway is rated as poor.
Deposit was easy, almost too easy with having NOT to verify much as the user Investing was easy. If I didn’t report online, my withdrawal will be pending till date. We understand that due process can be frustrating however, the requests made before performing actions or granting access to any accounts must always meet global security standards. In 2 years with them this has been their “go-to guarantee” every time you’re in an open position! IMHO they are the Indian phone scammers of Brokerages.
In 2023, the first step in trading Forex without restrictions is to select the best offshore Forex brokers accepting US clients. Absolutely agree with some others opinions about their support. Deposits and withdraws are one of the fastest i’ve ever had.
It is also possible to download MT4-compatible third-party expert advisors or trading bots. If you are training and setting up an EA, ensure you are calibrating it to Hugo’s Way’s server time, which is GMT+2 or GMT+3, depending on the time of year. You can view the server time zone on MT4 by clicking “Market Watch”.
Besides, we do not recommend signing in with Hugo’s Way as the broker is not regulated by serious regulators like FCA company. U.S-regulated trading platforms besides trading with Offshore and non-regulated firms is never advised due to high risks of scam too. 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. And if you’re trading with an unregulated broker, they’re taking the opposite of your trade so they want you to use high leverage AND blow your account so they profit. You might not have issues but imo, it’s just not worth the risk trading with an unregulated broker when there are plenty who are regulated. As I live in Europe and shitty EU regulations don’t allow decent leverage, therefore maybe some brokers are not regulated simply so they can offer high leverage to customers.
ScamBroker.com is a broker reviews website, and does not offer any investing advice or service. Nothing on this website should be considered a recommendation or endorsement. We are not responsible for any losses you may incur, by investing with a company mentioned on this website. We may receive compensation from the companies we write about. Always verify that your broker, is licensed by your local financial regulator. I have been with Hugosway for a few months, no issues yet really.
Stay tuned for further instruments to be added in the future. We always appreciate your suggestions and thank you for choosing Hugo’s Way. @hugosway …more than the music and video industry combined. The company is ranked 115th on the Fortune 500 and is part of FAANG, a group of stocks representing the five most prominent American technology companies. Netflix is the largest entertainment/media company by market…
Of course, we’ve checked what kind of issues traders are experiencing and why they consider HugoFX as an inadequate broker. HugosWay is yet another online offshore brokerage that opened during the Covid-19 pandemic in an offshore country. Unfortunately, these kinds of brokers are rarely legit, and the only thing they see is an opportunity to make quick money by stealing clients’ funds. You can log in to MT4 with your broker account from any location in the world. It is available to download as a desktop platform for Windows, Linux, and Mac or can be used as a web platform or mobile app on Android and iOS devices.