This is a brokerage company that was opened in 2017. It is registered in St. Vincent and the Grenadines and has an additional office in Kingstown. This company offers trading CFDs (i.e. earnings without owning an asset), today it is the most popular method of trading within the day. The platform on which it is offered to work – MT4. This platform does not need to be advertised and is available free of charge, with desktop and mobile versions.
The company’s arsenal includes more than 150,000 assets divided by types: currency pairs, idex, cryptocurrencies, commodities, stocks. It is known that not all brokerage companies welcome scalping and hedging. Here, there is no such thing, any client will be welcomed by the company.
As assured by the broker, the liquidity he receives from more than fifty different banks. The execution speed allows for minimal slippage. The company has managed to achieve the minimum spreads.
The company does not interfere with the trading operations, so it follows the STP principle, which guarantees the best prices and the high speed of execution and excludes the possibility of market manipulation.
The company is not regulated but this does not mean that it is unreliable. The broker operates according to its internal rules and gets a number of advantages: the ability to provide leverage, the ability to provide bonuses and remove a number of restrictions on clients. All of this combined allows for minimal commissions. Despite the lack of regulation, this does not apply to financial transactions; confirmation of identity and residence address is required for any payment.
The company welcomes two-factor authentication. It can be done either by connecting an sms service or using a third party application, like Google Authenticator. This is the guarantor of the client’s trading account security. The company strictly follows the KYC rules, which means the client confirms his identity and residence address. All the necessary documents and rules are available on the company’s website.
Hugo’s Way protects its network with SSL encryption, so the server server sends all the data already encrypted, so even in the event of hacker attack they can not get any customer information.
The trading platform company works in partnership with Metatrader and provides its clients with the fourth version of the trading platform of the same name. The platform is full of trading tools, a lot of indicators, all opportunities to reduce risks. Also using this platform client can use advisors for trading in automatic mode.
The company contains a lot of materials which will help you to adapt to exchange environment, you will learn what is cryptocurrency, how to buy it, how to sell it, how to earn on it. There you will also learn about deposit and withdrawal options, generally all the basic information you need to get started will be found on the pages of this broker.
Each trader receives wallets in fiat currency when registering: dollar, euro, pound, and in BTC.
Within a trading account, you can transfer from WBT to currency, to your account on the Metatrader platform, and vice versa. Immediately after registration, you are allowed to make deposits in cryptocurrencies, and after verification, you can deposit and withdraw funds via bank transfers and plastic cards.
The company has a commission, on average for currency pairs the commission is $5 per lot. Spread is not high e.g. for the most popular currency pair EUR / USD 0.7. The leverage offered in the basic version is quite high and does not require fulfillment of any norms in order to use it. Registration itself on the platform is absolutely no money is possible, the minimum deposit amount of $10.
In fact, the company has only one real account – the account Hugo’s Way ECN with a leverage of 1:500, dozupny variations for accounts of the company.
A demo or trial account is provided with a virtual balance of $100,000 without any payment from the trader. Leverage is set up at client’s discretion.
Trading on a demo account gives you access to the same functionality as on a real account, but at the same time, without any risk to your budget, you will be able to fine tune your skills and abilities.
As the company focuses on customers from different countries, you can open an account in one of the five currencies: dollars (American, Canadian, Australian), Euro, GBP and Bitcoin. It allows you to save a lot of money on conversions.