IC Markets vs Hugos Way, Updated for 2024
Read our In-Depth IC Markets vs Hugos Way Review - Updated for 2024
Our comprehensive analysis of IC Markets and Hugos Way has been updated for 2024 by industry experts boasting extensive financial experience in 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
Every trading platforms will have some pros and cons, so any comprehensive review of IC Markets and Hugos Way would not be complete without having a fair assessment.
Examine IC Markets and Hugos Way to understand just how they line up with each other prior to you decide to make an account. A side-by-side comparison will bring aspects in perspective in order that you're cognizant of the expectations.
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 realm of trading and brokers, so many facts will be perplexing for you. Getting into the area of trading demands expert analyzing skills and thorough knowledge. You will get proficient at all of the concepts of brokerage as you keep trading. For starters, you need to choose the right agent who will be transparent with you constantly.
In this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment plan has the potential to create hefty returns. IC Markets and Hugos Way are two such platforms that will take you and your investment into great heights. It's crucial to compare IC Markets vs Hugos Way until 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 everything you will need to know about trading with either IC Markets or Hugos Way. A fantastic agent can multiply your initial investments and give you favorable profits. If you would like to make profits, you should trade with a broker service that contrasts with your investing objectives.
There's absolutely no sure-fire method to guarantee profits; therefore, you should carefully assess your agent before you select them. It is a common misconception that all brokers will be the same, but that is not correct. Wrong judgment, initially, can put your investments at risk.
IC Markets and Hugos Way are both brokers that have forged their way successfully into the broker world. Within this review, we have tried to collate some of the vital facets of both IC Markets and Hugos Way. This review will allow you to know whether either Hugos Way or IC Markets is a good match for your investments or not. We've tried to breakdown all of the features and fees for your convenience.
Benefits of IC Markets and Hugos Way Compared
IC Markets has 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 allows you to trade around 232 financial instruments whilst Hugos Way allows you to trade around 232 on their platform.
The more financial instruments you can trade on the IC Markets and Hugos Way 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 seriously do not 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 an online trading platform through many ways is important. IC Markets and Hugos Way have the following contact details and social medias that you can use.
Broker | IC Markets | Hugos Way |
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Telephone Number | +248 467 19 76 | |
support@icmarkets.com | support@hugosway.com | |
Address | 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 | |
YouTube | IC Markets YouTube Channel | Hugos Way YouTube Channel |
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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.
This part of comparing IC Markets and Hugos Way will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of the apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. 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 only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
IC Markets vs Hugos Way - Awards
Broker | IC Markets | Hugos Way |
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Awards |
IC Markets have won a lot of industry awards over the time they have been operating as a financial broker. We detail the most recognised awards for IC Markets here.
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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 |
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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 head office 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 choice.
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 strong set of rules for ensuring fair trading on its individual platforms. For data encryption purposes, they provide industry-standard secure socket layer (SSL).
As per their individual privacy regulation, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare IC Markets vs Hugos Way Commission And Fees
IC Markets and Hugos Way are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online trading platforms are scaled much better. In other words, an online broker isn't necessarily influenced by the amount of customers they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly three different types of fees for this objective.
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 are billed trading charges. In these instances, you're paying a spread, funding rate, or even a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread refers to the gap between the buying and selling price. Financing or overnight rates are those that are charged when you hold a leveraged position for more than daily.
Apart from trading charges, online brokers also bill non-trading fees. These are determined by the activities you undertake on your account. They're charged for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither IC Markets or Hugos Way charge high fees in comparison to other online brokers. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for people who regularly exchange, such as weekly or daily trading.
But, non-trading fees billed by IC Markets and Hugos Way are relatively greater. As a result, you are charged more for non-trading activities in your trading accounts, like withdrawal and deposits. These aren't about the purchase and sale of resources.
This IC Markets vs Hugos Way review for 2024 breaks down each of the applicable 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 communicate completely with your trading broker is a key element when comparing online brokers to find your perfect broker. Not only for support but to ensure you understand everything on their site and inside their app as it is a key factor to success when trading forex.
Below you can find the languages that both IC Markets and Hugos Way support.
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 an online broker that is professional and one of the most simple ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many customers IC Markets and Hugos Way are active on their platform
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 and 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?