HugosWay is a forex broker. Hugos Way offers the MetaTrader 4 forex trading top platform. HugosWay.com offers over 5 forex currency pairs, indices, commodities and stocks for your personal investment and trading options.
Global Gateway 8, Rue de la Perle, Providence Mahe, Seychelles
(125+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities
Let other traders know if this service is worth checking or should be avoided.
– Excellent back office portal (quick and secure (2FA) and can make instant transfers, deposits and withdrawals)
– Deposits/withdrawals only by bitcoin (the fluctuating bitcoin prices can be a gamble… they should offer stable crypto options like trueusd)
– Trading costs and conditions, although not the worst, are not the best especially for night scalping
I have been using this broker for the last 6 months. I have a solid history trading just about everyday excited and looking forward to everyday trades. I have built a good history of trading I Studied XAUUSD pretty well. Ive lost many trades along the way. But when it went my way I made good money I woke up to my account being down $13,000 and in the negative for $607. If The trades had went against Id suck it up like a man. But they took all off my money and erased all the trade history that I built so there isnt any evidence against them. Fortunately I had many screenshots of my trades off which Im going to be sharing. after looking back at the candles. I have learnt my TP was met but they STOLE ALL OF MY FUNDS. I reached out to them via chat support. Answer I got was I AM NOT GOING TO ARGUE WITH U….I responded with if Im asking for my trade history and funds how is that arguing. She left the chat I got an email saying it is correct. If it is where is all the EVIDENCE ? Why have u deleted it? THEY ARE A SCAM. I know another gentleman they did the same to as well please beware. Theyre not only u regulated THEY ARE FRAUDS. HOPE THIS HELPS FOR ALL TRADERS THAT NEED BROKERS STAY AWAY!!!! CoinXx is a broker that has solid reviews, but they also arent regulated but they have decency and hopefully WILL NOT RUN AWAY WITH YOUR FUNDS AND ERASE YOUR HISTORY. Please I do not want anyone else to go through what I went through please STAY AWAY FROM HUGOs way.
Hugos way has great spreds but hate their withdrawal method, you can only withdraw with bitcoin and to deposit money it has to be through zell. This is hard to convert because I dont use bitcoin at all and dont know how to exchange it for dollars. Would not recommend as a broker if you like a smooth deposit and withdrawal.
Lies about connections – Lead to a considerable loss
Please note, I have been trading forex for 18 years and have used mt4 for all 18 years. Today I experienced what others have but I often assumed that the user had faults on their side (connection issue = internet issue).
I run mt4 on my phone (Verizon or WIFI connection), a remote desktop with full network battery backup, and a VPS all of which held my account.
With 45 minutes prior to market close I was preparing to close my positions for the day. I had no connection on my phone, so i turned wifi off and restarted mt4on Verizon network. I still had no connection but still had internet service. I then jumped on my laptop on wifi and had no connection on mt4. I then restarted MT4 and still no connection. I then remoted into my desktop, no connection. One last try onto the VPS and still no connection. about three minutes later, surprise, I received connection but the market had moved a ton as it tends to do 30 minutes before the daily switches. Just as I went to close trades out, I lost connection again. Then about 10 minutes after the new daily started I received a margin call and thousands lost.
I reached out to their team and they claimed that they have no issues and that I should have logged off and re-entered my Password.
This isnt a matter of me not knowing how to use mt4, not having ample redundancies, and not having a stable network. This has everything to do with a lack of network stability on their side and/or manipulation. I have traded with several brokers over the years and I have never once had this issue unless the broker themselves had an issue.
They claim they had no server interruptions, yet several have reported on this issue on multiple occasions. It is clear to me that they do not and will not stand by their claim to technicalities and how they refund the customer.
Again, I am an extremely competent and experienced user of MT4 and setting up stable and reliable networks. I have never in 18 years had to log off and log back on to an account that was already running as a solution to a connection problem.
Thousands of dollars lost, learn from my mistake, stay away from this broker (it brings me no joy to report this, but the morality is clearly clouded here)
Good old round broker, have moved to another now but still have a small account, good to trade crypto and forex
THIEVES!!! STAY AWAY and go to a different broker
I started ok with the software. Then out of no where when I am almost $50.00 in profit. I had a few open trades that were in the blue – when I closed them. They closed out in the red for some reason (BIG AMOUNTS). Swiping almost $70.00 easily. I then built account back up $30.00. – Almost to my starting amount of $94.00
I trade crypto and gold. Being that I am in US I do not have many options and the brokers are limited. I have not had enough issues that make me completely leave this broker. There has been slippage and compared to some of the others the spreads are crazy but I just factor that into my trading style. I would definitely stay away from scalping as the spreads are already very large and jump up pretty quick during volitility and stop loss hunting. I have had no issues with deposits and withdraws have been quick for me which is why I am still giving them a chance. Customer service is not that responsive in solution but they will respond quickly with what seems like scripted responses due to hearing the same concerns multiple times.
Issues I have. I have only been demo trading right now but this is the first broker Ive ever have that had a server go down, and then youre stuck without whatever the outcome is.
The candles to not match tradingview candles, not even close sometimes. I use tradingview for my TA and the candles on MT4 are completely different, sometimes to the point it would change my mind on the the direction of trade.
ALso, why is it that the candles will move buy the worth of my position will not, or is delayed.
I have an account with a US broker that I am also demo trading in and I can trade straight off of trading view from it and their MT4 and web platform candles are identical.
I had a trade open with this broker. News was hitting soon so I tightened my Stop loss to only 10 pips. News hit and my stop was slipped nearly 70 pips. Emailed Customer support and they told me they tried to close the trade but they were unable to, due to the News event. What is the point of using this broker if they dont honor a STOP LOSS.
Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.