Hugo’s Way

Hugo’s Way is a company that provides a secure ECN trading environment that allows traders to trade exclusively online. The main operating principle of the company is the STP (Straight Through Processing) execution model, which means the absence of manipulation by the dealing center and requotes. This also eliminates the possibility of a conflict of interest. Each client’s trade is processed through the Hugo’s Way aggregator, which guarantees the best rates as they are selected from a pool of leading financial institutions providing liquidity.

Hugo’s Way was created with the goal of providing traders with the opportunity to trade in a transparent and fair ECN environment where the interests of clients always come first. The company strives to provide its clients with access to global financial markets with the best conditions, using modern technologies and providing a high level of support.

Hugo’s Way’s core missions include providing a reliable and efficient trading platform, providing competitive spreads and commissions, and providing 24/7 customer support. The company strives to constantly develop, introducing new technologies and expanding the range of financial instruments for trading.

The “About Us” page does not contain specific information about the launch date of the project, the place of registration of the company, or the presence of a license. Hugo’s Way focuses on transparency in its operations and providing quality support to its customers, which is a key aspect of its mission and corporate culture.

The problem is that none of the sections contain information regarding licensing. Accordingly, all statements regarding reliability are fake. Since the Central Bank of the Russian Federation knows nothing about the activities of the service, the license was not issued by the authority. At the same time, we note that the completely anonymous one insists on reliability, but at the same time does not provide the relevant documents.

Formats for communication with technical support

The following methods of contacting support are available:

• about online chat 24/7. Offers the opportunity to contact their support at any time of the day via live chat;
• Email;
• request for a call back. The site includes a call back request feature that allows you to leave your contact information so that a customer service representative can contact you.

The problem is that reviews of Hugo’s Way indicate serious problems with the quality of service. After registering and depositing funds, the trader simply becomes uninteresting.

How Hugo’s Way attracts users’ attention

Lie broker offers traders the opportunity to trade a wide range of assets, including:

• digital coins;
• energy resources. Trading on the energy goods market.
• the ability to work with futures contracts.
• currency pairs, including major (FX Majors), cross rates (FX Crosses) and exotic pairs (FX Exotics);
• world indices;
• metals. Including gold, silver and other valuable metals.
• trading shares of the world’s leading companies.

And here you can ask, where are the documents giving the right to do this? Of course there are none. Now regarding what other terms of cooperation the broker reports:

• minimum deposit. Trading is available with an initial deposit of $50;
• leverage up to 1:100 for cryptocurrencies and possibly higher for other assets;
• competitive spreads on various assets, including currency pairs and cryptocurrencies, but again without any specifics;
• trading platform. Hugo’s Way offers trading through the MetaTrader 4 platform, providing access to a deep liquidity pool and fast order execution;
• Various trading strategies are allowed, including the use of Expert Advisors, scalping, hedging and news trading;
• Margin Call and Stop Out levels: Margin Call occurs at a margin level of 100%, and Stop Out at 70%.

The company claims to have measures in place to ensure the security of customer funds, including two-factor authentication. Here it is important to remember that there is no license and legal registration has not been completed.

In addition, I would like to note the absence of a user agreement. In fact, there are footnotes to the document, but it is not valid. Since no one controls the activities of the broker, which means the company can easily change the terms of cooperation at any time.