IC Markets vs Hugos Way, for 2024
Read our In-Depth IC Markets vs Hugos Way Review - for 2024
Our comprehensive analysis of IC Markets and Hugos Way has been revised for 2024 by knowledgeable insiders with extensive expertise across Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs Hugos Way does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Hugos Way Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Hugos Way
All platforms for online trading will have certain ups and downs, and a complete IC Markets and Hugos Way review cannnot be complete without having an objective perspective.
Compare Hugos Way and IC Markets in order to understand the way they line up to each other before you decide to create an account. Performing a side-by-side comparison can place factors into perspective in order that you remain informed about what to expect.
So you are looking for a professional broker and are choosing between IC Markets or Hugos Way. Who should you choose?
This IC Markets vs Hugos Way comparison contains the latest information so you can easily compare Hugos Way against IC Markets.
If you are a new entrant in the world of trading and brokers, so many facts will be confusing for you. Getting into the world of trading demands expert assessing skills and thorough knowledge. You'll acquire adept at all the concepts of broker since you continue trading. For starters, you have to choose the ideal agent who will be transparent with you constantly.
In this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment plan has the potential to generate hefty returns. IC Markets and Hugos Way are just two such trading platforms which will take you and your investment into great heights. It's crucial that you compare IC Markets vs Hugos Way before you trust them with your money.
Our IC Markets vs Hugos Way comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Hugos Way side by side.
Our full IC Markets vs Hugos Way Review covers all you will need to know about trading using either IC Markets or Hugos Way. A good agent can multiply your first investments and give you positive profits. If you would like to make profits, you must trade with a brokerage service that aligns with your investment objectives.
There is no sure-fire way to guarantee profits; therefore, you must carefully analyze your agent before you select them. It's a common misconception that all brokers are exactly the same, but that's not true. Wrong judgment, initially, can set your investments in danger.
IC Markets and Hugos Way are both brokers that have paved their way successfully into the broker world. In this review, we've attempted to collate a number of the vital facets of both IC Markets and Hugos Way. This review will help you to understand whether either Hugos Way or IC Markets is a good fit for your investments or not. We have attempted to breakdown all the qualities and charges for your advantage.
Benefits of IC Markets and Hugos Way Compared
IC Markets offers a minimum deposit of $200 while Hugos Way offers a $50 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Hugos Way compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
IC Markets has around 232 financial instruments whilst Hugos Way has around 232 on their platform.
The more financial instruments you can trade on the IC Markets and Hugos Way trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of IC Markets or Hugos Way.
IC Markets and Hugos Way Contact Details
Being able to contact your broker easily is vital. IC Markets and Hugos Way have the following contact details and social medias that you can use.
|+248 467 19 76
|Level 4, 50 Carrington Street, Sydney NSW 2000
|Beachmont Business Centre, Suite 65, Kingstown, St. Vincent and the Grenadines
|IC Markets Twitter Account
|Hugos Way Twitter Account
|IC Markets Facebook Page
|Hugos Way Facebook Page
|IC Markets Instagram Account
|Hugos Way Instagram Account
|IC Markets LinkedIn Page
|Hugos Way LinkedIn Page
|IC Markets YouTube Channel
|Hugos Way YouTube Channel
|Find Out More
Hugos Way and IC Markets Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of IC Markets and Hugos Way we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
IC Markets vs Hugos Way - Awards
IC Markets have won several industry awards over the years they have been operating as an online broker. We list the most notable awards for IC Markets below.
|At the time of writing this Hugos Way review, and despite Hugos Way’s impressive offering, the company has surprisingly not garnered any awards to date.
|Find Out More
IC Markets vs Hugos Way - Frequently Asked Questions
IC Markets vs Hugos Way - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
Hugos Way was founded in 2017 and has its headquaters in St. Vincent and the Grenadines.
What is the minimum deposit for Hugos Way or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Hugos Way is $50.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both IC Markets and Hugos Way are a good option.
IC Markets vs Hugos Way - Regulation And Licencing In More Detail
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
Hugos Way is regulated by Unregulated.
Hugos Way is unregulated but IC Markets has a powerful set of rules for ensuring fair trading on its own platforms. For data encryption functions, they supply industry-standard secure socket layer (SSL).
Compare IC Markets vs Hugos Way Commission And Fees
IC Markets and Hugos Way are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled better. That is, an internet broker isn't necessarily influenced by the number of customers they have.
But this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are mainly 3 different types of fees for this purpose.
The first sort of fees to look out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you're billed trading fees. In such instances, you're paying a spread, funding speed, or a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread denotes the gap between the buying and selling price. Funding or overnight prices are people who are charged when you hold a leveraged position for longer than daily.
Aside from trading fees, online brokers also charge non-trading fees. These are dependent on the activities you undertake on your accounts. They're charged for surgeries like depositing money, not investing for long periods, or withdrawals.
Generally, neither IC Markets or Hugos Way charge high fees in comparison to other online agents. For operations other brokers fee for, they do not charge a broker fee, or they charge a lesser amount. This is beneficial for people who regularly trade, such as daily or weekly trading.
However, non-trading fees billed by IC Markets and Hugos Way are comparatively higher. As a result, you are charged more for non-trading actions in your trading accounts, like deposits and withdrawal. These aren't about the sale and purchase of resources.
This IC Markets vs Hugos Way review for 2024 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For IC Markets And Hugos Way
What Languages Do IC Markets And Hugos Way Support?
Being able to chat easily with your online platform is a key part of comparing online brokers to find the best broker. Not only for support but to ensure you understand everything on their site and inside their application as it is a key part of success when trading forex.
Below you can find the languages that both IC Markets and Hugos Way offer communication in.
How Many Clients Do IC Markets and Hugos Way Have?
Both IC Markets and Hugos Way are well established with their customer base. It is important to work with a broker that is professional and one of the most simple ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many users IC Markets and Hugos Way have
What Payment Methods Do IC Markets and Hugos Way Accept?
IC Markets and Hugos Way both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at IC Markets and Hugos Way
What Can You Trade With IC Markets and Hugos Way?
IC Markets offers 232 trading instruments whilst Hugos Way offers 100.
Below you will find a full breakdown of what both IC Markets and Hugos Way offer.
IC Markets Review
IC Markets vs Hugos Way:
Table Of Contents
- Compare IC Markets vs Hugos Way
- Benefits of IC Markets and Hugos Way Compared
- Hugos Way and IC Markets Mobile App Comparison
- IC Markets vs Hugos Way - Awards
- IC Markets vs Hugos Way - Frequently Asked Questions
- What is the minimum deposit for Hugos Way or IC Markets
- IC Markets vs Hugos Way - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And Hugos Way
- What Languages Do IC Markets And Hugos Way Support?
- How Many Clients Do IC Markets and Hugos Way Have?
- What Payment Methods Do IC Markets and Hugos Way Accept?
- What Can You Trade With IC Markets and Hugos Way?