Top Features of Hugo’s Way

The Key Features of Hugo's Way

We know what you are thinking – the intro itself was comprehensive. That's just one of the features of good trading companies – qualities that require multiple mentions. 

In this section, let us have a detailed look at some of the features of this relatively new yet promising broker company:

The Company's Objective

Hugo's Way has one purpose to serve: provide services to active traders. It wants investors to have easy access to all kinds of financial markets. 

Hugosway Affiliate Program

Many businesses offer an affiliate program for their customers/members to increase their customer base. It refers to a referral program that allows existing customers to reach out to potential investors. It offers a five-level program that offers $2 at each level. At later levels, partners get up to 40 percent commission. A good thing about the program is that it pays weekly – this incentivizes people and gets more people to sign up with Hugo Way's.

Rebate Programs

What's one thing that every consumer loves – discounts! It doesn't matter what age we are and what items we are looking for, the word "discount" does make all of us happy. One of the features that Hugo's Way is famous for is its rebate and discount programs.

The company has a partnership with Traders Union, which lets customers effectively reduce their trading costs. And this is done by registering on the website of the Traders Union – the registration is free. Once customers have created an account, they start trading by using the partner link. By doing so, customers will get a rebate – this is not influenced by the result of your trading.

Reliability

Hugo's Way is a reliable platform that has been satisfying its customers ever since it emerged in the stock market scene. Its order execution technology is based on the ECN-STP model, from which trading is carried out. Through this arrangement, investors can offer the smallest spread and maintain high-level liquidity.

Another thing that can attest to the company's reliability feature is that even though it is a young enterprise, it has not received serious complaints. Customers haven't gone on the record to say that they have been dissatisfied with the company. However, it's worth mentioning that some costumes have complained about delays in transactions. The company, however, is still evolving, and it has, in various instances, promised to offer more products to customers and an overall better experience.

Useful Services

At present, all that Hugo's Way can offer to its clients is the MT4 platform. But it doesn't mean that things will remain like that in the future. The company is working on the development of other technical tools. And soon, it will be able to offer hard-to-miss services and tools to its clients.

More about Hugo's Way

This trading company is indeed a good addition to the overall brokers' landscape. However, it is not "global," which means there are certain countries where the company could restrict access. They are:

• The Bahamas

• Botswana

• Burma

• Cambodia

• Congo

• Cuba

• Democratic Republic of Congo (DPRK)

• Democratic Republic of Congo (Republic of Zaire)

• Ethiopia

• Ghana 

• Iran

• Iraq

• Japan

• Kenya

• Lebanon

• Libya

• Malta

• North Korea

• Pakistan

• Panama

• Somalia

• Sri Lanka

• Sudan

• Syria

• Trinidad and Tobago

• Tunisia

• United Kingdom

• Vietnam

• Yemen

• Zimbabwe

Countries in the ESMA are not restricted.

Now that we have the list of restricted countries, it is all the more important to disclose the list of accepted countries. 

• Australia

• Canada

• Denmark

• France

• Germany

• Hong Kong

• India

• Italy

• Kuwait

• Luxembourg

• Norway

• Qatar

• Saudi Arabia

• Singapore

• South Africa

• Sweden

• Thailand

• United Arab Emirates

• United Kingdom

• United States

• – and other countries.

Hugo Way's Margin Requirements

The company also has some margin requirements, and they are:

– Stop Out Level: 70%

– Margin Call: 100%

In case you reach 100%, you cannot open trades – meaning that you have gotten a margin call. On the other hand, if you reach below 70%, the MT4 will close your open positions – this is so done to prevent negative balances.

Customer Support

No business can thrive if it doesn't have active customer support. The company provides a live chat option, which is extremely responsive. Also, Hugo Way's has a list of FAQs on its website, which gives a comprehensive overview of its services and tools. In case people have more questions, the company's helpful team is always up for providing guidance. 

Also, there are a few things that you must know when you are operating your account. The message "invalid account" usually pops up when there is some problem with your server selection or password. If you want to begin trading, make sure that you are entering the "trader password" and not the "investor password."

Pros of Hugo's Ways

Let's wrap up. In this section, we'll list down some advantages that you may benefit from when using Hugo's Way:

Assets

The company has an impressive range of cryptos, stocks, indices, forex pairs and other commodities. 

Leverage

Hugo's Way offers one of the highest possible leverage that you can get in this market. Its current leverage is 1:100 – now think about using this leverage for crypto trade – yes, the prices will soar.

MT4 Platform

The company has the MT4 platform – which, at the moment, is the most-trusted one.

Cons of Hugo's Way

Like every other thing, Hugo's Way does come with its set of disadvantages. Here are some of them: 

Unregulated

While it is true that an unregulated broker does offer some advantages, one of the biggest disadvantages is that investors are not protected. Fully registered brokers offer financial compensation to their clients. So, in this case, Hugo's Way loses a point as it won't be able to offer that compensation.

High Commission

Hugo's Way's commission rates are also quite high – $5 per lot. It means that for 100 lots, you will have to pay somewhere close to $500. Other brokers, however, charge around $3.5 per lot.

No Extra Features

As we discussed above, Hugo's Way doesn't have unique tools or services. This could be a disadvantage for it. Many brokers offer real-time analysis to help investors invest money sensibly. Hugo's Way, on the other hand, lacks such services. While most investors won't pay any attention to this, beginners would want to have some services and tools that could make their experience worthwhile. 

Currency

Hugo's Way deals only in Bitcoin. And, yes, it is somewhat a big deal because you won't be able to trade on the platform if you have accounts in USD, GBP, ZAR, etc. You would need to have your cash converted to Bitcoin. 

But not all is lost: there are several platforms that do allow you to convert your currency into Bitcoin. The only reservation that people may have is with regard to the volatility of Bitcoin – how constantly its value changes. But, overall, it may not create major issues.

The Final Word

The verdict is in! While we agree that Hugo's Way is unregulated, this one drawback doesn't negatively affect the company's overall performance, which is making strides in the field. Hugo's Way has a good range of assets, and it does provide good leverage to its customers. Its other features are also aimed at securing people's deposits while simultaneously ensuring access to the best trading options.

The world of trading is not free from risks. Hugo's Way does have its risks. But it is how the trading world operates. If you pay more attention to the downsides, you won't choose a broker. The good thing is that there haven't been many complaints about the company. People have mentioned the delays in transactions. But, overall, almost everyone has been satisfied.