Hankotrade vs Hugo’s Way

Hankotrade vs Hugo's Way Comparison Table 2024
Hankotrade Hugo's Way
2

Hankotrade is #13 in our CFD broker rankings.

1.5

Hugo's Way is #13 in our CFD broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

Hankotrade is an offshore broker with high leverage, low fees and a welcome bonus.

Hugo's Way is a true ECN brokerage, offering 160+ assets on the MT4 platform. Traders benefit from a low $10 minimum deposit requirement, 24/7 customer support and generous leverage up to 1:500. Hugo's Way is an unregulated broker based offshore in St. Vincent and the Grenadines.

Bonus Offer
100% Deposit Bonus
Comment by Reviewer
"After exploring the platform myself, I think Hugo's Way is going to be best for new or experienced MT4 traders who are comfortable with Bitcoin deposits and withdrawals. That said, I am hesitant about the lack of robust regulatory oversight."
Pros
  • Demo account
  • MT4 integration
  • Low minimum deposit
  • I was glad to see the MT4 platform with flexible desktop, web and mobile access, plus an unlimited demo account for those who want to practice strategies continuously
  • Experienced traders will appreciate the generous leverage up to 1:500 with no trading restrictions on strategies
  • I'm pleased with the low minimum deposit requirement of $10 (equivalent in BTC), which ideal for novice investors or those on a budget
  • I'm a fan of the 24/7 live chat alongside an email address and FAQ help section to help new traders get started quickly
Cons
  • No regulatory oversight
  • Few payment methods
  • No copy trading
  • I would urge traders to be cautious since Hugo's Way is an unregulated brand, registered offshore in the Seychelles
  • I find the overall market offering is very uncompetitive compared to other brands, with only 160+ assets on offer
  • There are also no additional trading tools such as VPS or copy trading for those looking to broaden their trading experience
  • It's a shame that deposits can only be made via Bitcoin or credit/debit card with higher minimum deposit requirements for using card
Instruments
CFDs, Forex, Indices, Commodities, Cryptos CFDs, Forex, Stocks, Cryptos, Futures, Commodities
Demo Account
Yes Yes
Minimum Deposit
$10 $10
Trading Platforms
  • MT4
  • MT5
  • MT4
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Margin Trading
Yes Yes
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
No No
MAM Account
Yes No
PAMM Account
Yes No
LAMM Account
No Yes
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
MetaTrader
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • CAD
Stock Exchanges
Commodities
CFD Trading
Speculate on rising and falling prices using highly leveraged CFDs My tests found 200+ CFDs across six asset classes such as forex, crypto and stocks with leverage up to 1:500. The broker has a low minimum deposit requirement of $10 so new and budget-conscious CFD traders can get started easily.
Leverage
1:500 1:500
FTSE Spread
From 0.0 pips 0.77
GBPUSD Spread
From 0.0 pips 1.2
Oil Spread
From 0.0 pips 0.87
Stocks Spread
NA
Forex Trading
Trade major and minor currency pairs 24/5 Hugo's Way offers a good selection of 50+ major, minor and crosses with leverage up to 1:500 on the MT4 terminal. I was glad to see micro lot (0.01) trading available, as well as hedging, scalping and news trading strategies.
GBPUSD Spread
From 0.0 pips 1.2
EURUSD Spread
From 0.0 pips 0.5
EURGBP Spread
From 0.0 pips 0.4
Assets
62 55
Cryptocurrency
Trade leading cryptos against the US Dollar I was impressed with the 35 crypto pairs on offer 24/7 on the MT4 terminal. Some of my favorites are available including BCH/BTC, ETH/BTC and BTC/USD with leverage up to 1:100. Traders also benefit from Bitcoin deposit options, though this might feel restricting for some.
Spread
From 0.0 pips Variable
Coins
  • BTC
  • ETH
  • LTC
  • BTC
  • BCH
  • BIT
  • DASH
  • DOGE
  • EDO
  • EOS
  • ETH
  • QTUM
  • ETP
  • IOTA
  • USDT
  • LTC
  • NEO
  • OMG
  • ETC
  • SAN
  • TRX
  • XMR
  • IOST
  • XRP
  • ZEC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
Hankotrade
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Hugo's Way
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