IC Markets vs Hugos Way, Who's Better?
Read our In-Depth IC Markets vs Hugos Way Review - Updated for 2023
This comprehensive analysis of IC Markets and Hugos Way has been refreshed to reflect any changes for 2023 by industry experts with considerable financial experience in Forex, CFDs, & Social Trading.
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
Each trading platforms feature a few advantages and disadvantages, so any comprehensive IC Markets and Hugos Way review should not be complete without having an objective perspective.
Compare Hugos Way and IC Markets in order to understand just how they compare with each prior to you decide to create an account. A comprehensive comparison can put things into perspective to ensure that you are aware of what you should anticipate.
So you are looking for a professional broker and are choosing between IC Markets or Hugos Way. Which one is best in 2023?
Our IC Markets vs Hugos Way comparison contains the latest information so you can easily compare Hugos Way against IC Markets.
If you're a new entrant in the world of trading and brokerages, so many nuances will be confusing for you. Getting into the area of trading requires expert analyzing skills and thorough understanding. You will acquire adept at all the concepts of broker as you keep trading. For starters, you have to select the ideal agent who'll be clear with you always.
In this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. IC Markets and Hugos Way are just two such stages that will take you along with your investment into great heights. It's important to compare IC Markets vs Hugos Way before you trust them with your cash.
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 need to learn about trading using either IC Markets or Hugos Way. A fantastic agent can multiply your first investments and provide you favorable profits. If you would like to make profits, you should trade with a broker service that contrasts with your investment goals.
There's absolutely no sure-fire way to guarantee profits; thus, you should carefully analyze your broker before you choose them. It's a frequent misconception that all agents 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 which have found their way successfully into the broker world. Within this review, we have attempted to collate some 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 match for your own investments or not. We've attempted to breakdown all the qualities and charges for your advantage.
Benefits of IC Markets and Hugos Way Compared
IC Markets has a minimum deposit of $200 while Hugos Way has 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 while Hugos Way has around 232 available.
The more 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 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 through many ways is vital. IC Markets and Hugos Way have the following contact details and social medias that you can use.
|Broker||IC Markets||Hugos Way|
|Telephone Number||+248 467 19 76|
|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|
|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.
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 both apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start 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
|Broker||IC Markets||Hugos Way|
IC Markets have won numerous industry awards over the time they have been running as an online broker. We detail 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 strong set of rules for ensuring fair trading onto its platforms. For information encryption purposes, 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 many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. That is, an online broker is not necessarily influenced by the number of customers they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily 3 types of fees for this objective.
The first sort of fees to keep an eye out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you are charged trading fees. In these instances, you're spending a spread, funding speed, or even a commission. The kinds of trading fees and the prices vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the flip side, a spread refers to the difference between the buying and selling price. Funding or overnight prices are people who are billed when you maintain a leveraged position for longer than a day.
Aside from trading fees, online agents also charge non-trading fees. These are determined by the actions you undertake in your account. They are billed for surgeries like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither IC Markets or Hugos Way charge high fees compared to other online brokers. For operations other brokers fee for, they either do not charge a broker fee, or they charge a lesser amount. This can be beneficial for those who often exchange, such as daily or weekly trading.
But, non-trading fees billed by IC Markets and Hugos Way are relatively greater. As a result, you are billed more for non-trading activities in your trading accounts, such as deposits and withdrawal. These are not about the sale and purchase of resources.
This IC Markets vs Hugos Way review for 2023 breaks down each of the applicable non-trading fees 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 way of comparing trading platforms to find the best trading partner. Not only for support but to ensure you understand everything on their site and inside their app as it is a key part of success when trading online.
Here you will find all 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 known and trusted. It is important to work with an online broker that is reputable and one of the most simple ways of establishing this is by knowing how many clients 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?