Hugo’s Way vs InstaForex
| Hugo's Way | InstaForex |
|---|---|
1.5
Hugo's Way is #15 in our CFD broker rankings. |
3.4
|
 Traders from US accepted |
Traders from US not accepted
|
|
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. |
InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, energies, indices, and more. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading. Millions of traders have opened an account with the firm which offers a suite of active trading and investment opportunities. |
| All investments involve a degree of risk of some kind. Trading financial derivative products comes with a high risk of losing money rapidly due to leverage. You should not engage in trading these instruments unless you fully understand the nature of the transactions you are entering into, and the true extent of your exposure. These types of investments may be suitable for some investors, but they are not for everyone. | |
| Bonus Offer | |
| $3500 No Deposit Bonus, Club Bonus, Bonus 30%, Bonus 55%, and Bonus 100% | |
| Promotions | |
| 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." | "InstaForex is a good choice for currency traders familiar with the MT4 and MT5 platforms. The broker offers more forex pairs than most rivals with tight spreads and a low minimum deposit." |
| Pros | |
|
|
| Cons | |
|
|
| Awards | |
|
|
| Instruments | |
| Stocks, Futures, CFD, Forex, Crypto, Volatility Index | Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $10 | $1 |
| Trading Platforms | |
|
|
| Payment Methods | |
| Bank cards, Bitcoin, Litecoin, Tether, Ethereum, Skrill, Neteller, PayCo, AstroPay, WebMoney, plus Local Banking & Transfer Solutions | |
| Minimum Trade | |
| 0.01 Lots | 0.10 of the lot (0.0001 of market lot for Cent.Standard and Cent.Eurica) |
| Regulator | |
| BVI FSC | |
| Margin Trading | |
| Yes | Yes |
| STP Account | |
| Yes | No |
| ECN Account | |
| Yes | Yes |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | Yes |
| LAMM Account | |
| Yes | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | No |
| Mobile Apps | |
| iOS & Android | iOS and Android + browser based platform |
| Auto Trading | |
| Yes | |
| Copy Trading | |
| No | Yes |
| Social Trading | |
| No | No |
| VPS Hosting | |
| No | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
|
|
| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| 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. | Trade CFDs across indices, metals and even IPOs with flexible account types and leverage up to 1:1000. You can choose between two excellent platforms with a range of technical indicators and fundamental analysis features. |
| Leverage | |
| 1:500 | 1:1000 |
| FTSE Spread | |
| 0.77 | Fixed |
| GBPUSD Spread | |
| 1.2 | Av. Floating 0.6 pips |
| Oil Spread | |
| 0.87 | Fixed |
| Stocks Spread | |
| Commissions as low as 0.1% | |
| Forex Trading | |
| 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. | Go long or short on a range of major and minor currency pairs with tight spreads. Powerful trading software is available with a choice of instant and pending orders. |
| GBPUSD Spread | |
| 1.2 | Av. Floating 0.6 |
| EURUSD Spread | |
| 0.5 | Av. Floating 0.2 |
| EURGBP Spread | |
| 0.4 | Av. Floating 0.5 |
| Assets | |
| 55 | 1000+ |
| Currency Indices | |
|
|
| Cryptocurrency | |
| 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. | InstaForex offer crypto CFD trading on leading tokens with very low fees. Investors can speculate on over 50 cryptocurrencies, more than many competitors. |
| Spread | |
| Variable | 0.1% |
| Coins | |
|
|
| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
|
|
|
| All investments involve a degree of risk of some kind. Trading financial derivative products comes with a high risk of losing money rapidly due to leverage. You should not engage in trading these instruments unless you fully understand the nature of the transactions you are entering into, and the true extent of your exposure. These types of investments may be suitable for some investors, but they are not for everyone. | |
| More Comparisons | |
|
Hugo's Way vs |
InstaForex vs |