Traders will have access to Level ll depth of market and the lowest possible spreads – 0.0 pips. – allows direct market access to liquidity on the cTrader platform, with USD being the only base currency supported. Trading Foreign Exchange and Metals on this ECN account type will again incur a commission – $3.0 per every 1 Standard Lot traded,
The maximum leverage allowed for Forex is 1:1000, for Metals – 1/2 of clients’ account leverage, for Energies – 1/8 and Cryptocurrencies – 1/50. The minimum deposit required is $10, while the base currencies supported include EUR and USD. – allows direct market access to liquidity on the MT5 platform with the lowest possible spreads – 0.0 pips. Trading Forex and Metals on the broker’s MT4.ECN trading account will incur a small commission – $3.0 per every 1 Standard Lot traded, Deposits can be made in EUR, USD, GBP and CAD. The minimum deposit required is $10, while the maximum leverage allowed is 1:1000. – allows direct market access to interbank liquidity on the MT4 platform with the lowest possible spreads – 0.0 pips. – allows CFD and Forex trading on MetaTrader 4 with no commissions and floating spreads of as low as 0.7 pips. With TradersWay, clients have a choice of several types of trading accounts, including:
MetaTrader 4, MetaTrader 5, cTrader, WebTrader HugosWay Account vs TradersWay Account Features The table below outlines the head-to-head comparison between Hugosway and Tradersway’s account features. A client’s choice of a particular trading account usually depends on several factors, including: Tradersway offers 4 different account types that accommodate the needs of all levels of traders compared to the single account type offered by Hugosway.įirst of all, our team of industry experts reviewed the different account types, offered by the two offshore brokers. Putting side-by-side the two offshore brokers, Tradersway comes out as the winner in terms of the variety of account types offered. The list includes popular names such as Pepperstone, IC Markets, Oanda, FXCM and many more.įCA, ASIC, BaFin, FINMA, CFTC, NFA, FMA, MAS, FSA, FSCA and DFSA In the table below, we outline regulated brokers by the most important forex financial institutions (FCA, ASIC, CySEC, NFA, IIROC and FSCA). Note* At present, Hugo’s Way is not regulated by any tier-one Forex authority! Clients can trade 55 currency pairs and CFDs on: It also states that it operates an STP order execution model with no dealing desk manipulation and no re-quotes. The brokerage states that it provides a secure ECN trading environment and welcomes traders from any part of the world. The company also has an office in Kingstown, the capital city of Saint Vincent and the Grenadines. Hugosway ReviewĮstablished in 2017, Hugo’s Way is a Forex broker operated by Hugo’s Way Ltd, an entity based in Seychelles. Note* Tradersway offers its financial services to clients that are predominantly from the EU, Asia, Australia and the African continent, including South Africa. The broker does not accept clients from the United Kingdom and the United States. Tradersway is licensed to conduct online trading business only by the local regulator, the Financial Service Unit of the Commonwealth of Dominica, and does not fall under the regulation of any reputable Forex regulatory body worldwide. The company offers an ECN execution model and access to four markets (Forex, Metals, Energies and Cryptocurrencies) via popular trading platforms such as MetaTrader 4, MetaTrader 5 and cTrader. Tradersway is an STP Forex broker founded in 2011 and based in Dominica. Our Hugosway vs Tradersway review will give you a side-by-side comparison to find the right offshore brokers for your needs. Hugosway and Tradersway are two offshore forex brokers offering online trading services on the foreign exchange market and CFD instruments.
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