Some traders are hesitant to upload such personal documents, but they are protected with a bit Secured Socket Layer SSL encryption, hugosway forex. If you want to use a bank wire transfer to make a deposit or withdrawal on Hugos Way instead, you can. All clients on Hugosway will have their funds in segregated fund accounts. Are you considering trading forex with Hugosway? The broker does provide a complete asset listing on their website, so do visit that page to see if your preferred assets are made available. With the potential risks hugosway forex, having access to the offshore perks including hugosway forex huge leverage could also provide huge potential gains and upside for traders.
Trade with a True STP Broker
Hugosway forex recommend Forex trading. Forex stands for Foreign Exchange. You can trade in U. dollars, Euros, Canadian dollars, etc. The value of these currencies fluctuates regularly, so you can make profits from the differences in value, hugosway forex.
Some people consider it similar to stock trading as you can buy and sell currencies on the market as you would stocks of different public companies. Some individuals lose a lot of money because they have limited understanding of the Forex hugosway forex. Here are some things you should know:. Forex requires a little effort and dedication, but if you choose the right platform and are vigilant, you will earn profits. Trading platforms allow you to keep track of different investments, follow successful investors, and learn how to hugosway forex your money wisely on this platform.
Such platforms make investing in Forex easier for people unfamiliar with currencies trading. If you want to add new income streams, hugosway forex should consider Forex trading. Skip to content Login MT4 Trading ECN Trade Cryptocurrencies Funding Methods Withdrawal Methods About Us Affiliate Program Live Spreads FAQ Contact us Request a Callback.
What is Forex? What Should You Know About Forex? Here are some things you should know: Open Hours — As Forex is a global decentralized market, you can trade on it 24 hours a day and five days a week, hugosway forex. You can also do margin trading and look into international markets. Trading Might be a Misnomer — In the Forex market, regular stock marketing lingo like trading, buy, sell, etc, are tossed around regularly.
A Currency can Perform Well or Fall at the Same Time — A currency can fall and rise against different options at the same time. For example, the US dollar might fall against Euro but rise against Yen, hugosway forex. You need to keep track of the trading values in different positions before you invest. If you want big profits, you need big investments and a solid position.
See all posts. This competition will only take into account the direct referrals generated by affiliates ie. the Level 1 referrals who sign up using your affiliate link. Only referrals who deposit, open an MT4 account and trade will be counted. Transferring clients from other affiliate accounts is not allowed. Anybody who attempts to do so will be automatically disqualified.
Participants are not allowed to open multiple MT4 accounts, hugosway forex. The leaderboard will be sent out via email to all of the affiliates who have signed up to the competition, hugosway forex, which will be updated on a weekly basis. The winners will be announced on Friday 4th November. The prizes will be paid out into the trading account of the winners. Prizes are withdrawable! No turnover needed.
online forex trading
Above this, a small number of Metals, Indices, Futures, and Energies are also provided. The broker does provide a complete asset listing on their website, so do visit that page to see if your preferred assets are made available. This broker does offer excellent liquidity, having made connections with several major investment banks and liquidity providers. As a result of these relationships, they are able to offer some rather attractive trading conditions. Spreads start as low as 0.
The firm does provide live asset information on its website for those who are interested in checking out the latest rates. When paired with the fact that they allow micro-lot trading, this combination provides an excellent path to testing the platform with little risk.
There are, however, higher minimum requirements for some payment methods, and we have outlined the minimum and maximum limits for you below. The accepted deposit methods are as noted above. Of these, the only method that carries a deposit fee is bank wire transfer.
Bank wire transfer is, of course, a secure method of depositing, but the other payment options offer a much faster way to get funds into your account.
New and existing clients will find complete instructions for how to make a deposit using each of the accepted payment methods within the Hugos Way FAQ area. Each of the accepted deposit methods may also be used to make a withdrawal. Any request made prior to 1 pm GMT will be processed on the same day. When tested, support agents responded to live chat requests within mere seconds, and our request for a callback was completed within two hours.
An email sent to support hugosway. com was responded to within minutes, so the firm passed all customer service tests quite easily. Although not needed by experienced traders, novice traders do need educational tools.
As for trading tools, these are limited to only what the platform provides, which is a variety of technical indicators, analytical tools, and Expert Advisor capabilities. Free, unlimited demo accounts are available to anyone who wishes to test the platform.
A demo account can be opened directly from the website or from within the platform itself. Demo accounts allow end-users to select their desired leverage ratio and starting balance. It is possible to have more than one practice account if you wish, and each will remain active indefinitely, provided that they are logged into on a regular basis.
At the time of reviewing this FX broker, traders from the United States and Canada were permitted to create accounts and trade. and Canadian traders, both of which have limited broker options these days.
Their customer support team is stellar, their trading conditions attractive, and their platform reliable. The addition of some educational resources would be nice, but those can easily be found elsewhere. Using them more than year and half already and for that time there was no issues. Very professional and responsive support they have which is a big plus for me.
This is the most simple way to get a clean piece of charting software! At the time of me writing this article, the methods are:. Yep — bitcoin! They accept deposits with bitcoin and this, for a number of reasons, is why people love this broker.
I even tested this multiple times to see if it works efficiently and it honestly worked every single time with no issues.
From my Coinbase account to my Hugosway wallet took on average 2 hours, which is fairly fast compared to bank or wire transfers. Of course using bitcoin instead of a process like debit card and credit card can have risk due to the lack of paper trail, but that is also the perk of it. I only know of 2 other brokers right now actively offering bitcoin deposits like Hugosway are, these brokers are OctaFx and EagleFx.
Withdrawals are processed the same day and profits can be withdrawn via bank account and bitcoin. I took a bitcoin withdrawal and could see the progress the whole time on blockchain, which was amazing! The bank transfers can take up to 6 days to reach your account, although the broker processes it within a few hours. There are a few other options for contacting Hugosway:. Does this mean they are a scam?
This actually seems like a common theme with offshore brokers, when the others such as EagleFx also have the same issue.
Reviews from traders are really important when choosing a broker, so you can either follow in their footsteps or not make the same broker mistakes as they have! We cannot verify these reviews or that they are from legitimate users but based on the amount of them it is slightly worrying. As you can see there is definitely a mixed bag of reviews, so take them with a pinch of salt. These type of negative reviews are pretty common with unregulated forex brokers especially, such as this one.
There are definitely a lot of forex brokers out there with much higher reviews on the forums than this broker. With the potential risks aside, having access to the offshore perks including the huge leverage could also provide huge potential gains and upside for traders.
How do we mitigate this risk? We can reduce the exposure to Hugosway by using a trade copier. I would recommend splitting your capital between 2 brokers, for example, a regulated broker like BlackBull Markets and an unregulated broker like Hugosway — to get the best of both worlds. By using a trade copier like MT4 Copier , you can simultaneously copy your trades onto the copier account, by just trading one account like you usually would.
This is a great way to diversify and still get the benefits of offshore brokers. For more information feel free to have a look at our Top Forex Copiers List. In conclusion, Hugosway is a high risk forex trading broker. They offer amazing leverage and fairly competitive spreads and fees, along with great crypto options but they are based offshore and not regulated in the slightest. A lack of regulation is a huge worry as your money is at risk.
They also have a lot of negative reviews from traders around the world, in online forums and when I personally used Hugosway I was not too impressed with the data connection on MT4 compared to other brokers I have used. If you have any questions about this broker please do leave a comment and I will aim to answer them all.
In my opinion, there are other brokers out there with high leverage offering much better conditions. I have full reviews on FxPro and Blueberry Markets , 2 brokers that you may find a much more suitable fit. Only referrals who deposit, open an MT4 account and trade will be counted.
Transferring clients from other affiliate accounts is not allowed. Anybody who attempts to do so will be automatically disqualified. Participants are not allowed to open multiple MT4 accounts. The leaderboard will be sent out via email to all of the affiliates who have signed up to the competition, which will be updated on a weekly basis. The winners will be announced on Friday 4th November. The prizes will be paid out into the trading account of the winners. Prizes are withdrawable!
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