Hugosway Review Is Hugosway a Scam or Legit Broker

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It offers charting & analytical tools, indicators, EAs, scripts… 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. We are committed to the fair handling of reviews and posts regardless of such relations. There was a disconnection on the side of our liquidity provider and some crypto pairs were not available during that time.

At the 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. In conclusion a good all-around broker without any issues for me. Our service is not exclusive to trading and can be used with any regular Windows application, as well as all types of trading, all brokers, and all software platforms. Each VPS is deployed with an isolated installation of Windows Server 2008 R2, which looks and responds just like a normal PC. You can launch Chrome or Firefox to browse the internet, access email, etc., and download any applications that you might need.

Ultimately, Hugo’s Way Review is a safe broker to trade with despite not being regulated. Some traders are hesitant to upload such personal documents, but they are protected with a 256-bit Secured Socket Layer encryption. This means that the documents are encrypted before they are even transmitted to Hugo’s Way servers. This deters hackers and fraudsters from attacking the Hugo’s Way servers to seek personal information. Many countries do not require fx brokers to be regulated, which is how this broker operates legally in some countries. FP Markets has developed a proud reputation as a Forex broker.

KYC is an internationally recognized due diligence process for the finance industry to help brokers identify who their clients are and the sources of the client’s funds. This process means Hugo’s Way clients have to provide anti-money laundering details about themselves. Backtestingis an intuitive tool for traders to check their trading strategies, based on historical data; to compare how their account would have performed in previous years. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.

The lack of investment into the technology infrastructure counters claims of lightning fast execution. Interestingly enough, Hugo’s Way is transparent about the lack of reliability. Hugo’s Way is an unregulated broker operating out of St. Vincent and the Grenadines and remains opaque about its ownership structure. This broker fails to provide a business registration number. While the SVGFSA does not regulate Forex brokers, proper registration is mandatory.

The Payoneer debit card allows money to be used online or at point-of-sale with the Payoneer debit cards. The company specializes in facilitating cross-border B2B payments. The company facilitates cross-border transactions in more than 200 countries and territories, as well as more than 150 local currencies.

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You will need to input your first and last name, your email, and a password. If you are opening demo accounts, it will need to have a different password than any future live accounts. Although Hugos Way only offers one type of account, the broker offers tight spreads depending on the trading condition of the market.

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