Oanda vs Hugo’s Way

OANDA vs Hugo's Way Comparison Table 2023
OANDA Review 2023	Hugo's Way Review 2023
Review 4.3	Review 1.5 Hugo's Way is #15 in our CFD broker rankings.
Traders from US not accepted See available CFD brokers	Traders from US accepted
OANDA is an award-winning global broker, established in 1996. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It has proven a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO.	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.
Comment by Reviewer
"Based on tests, OANDA will serve traders looking for a trustworthy broker with a beginner-friendly platform, best-in-class research and straightforward account opening. The $0 minimum deposit makes it especially attractive to newer traders and those on a budget."	"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
Oversight from tier-one regulators like the FCA and ASIC makes the broker reliable and trustworthy The guaranteed stop loss order (GSLO) is a useful risk management tool not available at many alternatives The OANDA Trade web platform easy to learn and features sophisticated charting tools and market research The brand has an excellent reputation and 25 years' experience with a string of awards There are no restrictions on trading strategies with scalping, hedging and netting permitted The $0 minimum deposit will appeal to newer traders With 68 forex pairs the broker will serve active forex traders Spreads are tight and there are zero hidden fees	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
There is a narrow range of payment methods with no PayPal High-volume traders get limited fee rebates or perks Weekend customer support isn't available Social and copy trading tools aren't supported	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
Awards
Best Trading Tools winner 2021 - Online Personal Wealth Awards Awarded highest overall client satisfaction 2021 - Investment Trends US Leverage Trading Report, Margin Forex Awarded highest client satisfaction for mobile platform/app 2021 - Investment Trends US Leverage Trading Report, Margin Forex Voted Most Popular Broker 2021 - TradingView Broker Awards Voted Best Forex and CFD Broker 2021 - TradingView Broker Awards
Instruments
Forex, Stocks, Commodities, Indices, Bonds, ETFs, Crypto, Spread Betting	Stocks, Futures, CFD, Forex, Crypto, Volatility Index
Demo Account
Yes	Yes
Minimum Deposit
$0	$10
Trading Platforms
OANDA Trade MT4 TradingView AutoChartist	MT4
Payment Methods
Credit Card Debit Card Mastercard Neteller Skrill Trustly Visa Wire Transfer	Bitcoin Payments Credit Card Mastercard Visa Wire Transfer
Minimum Trade
$0	0.01 Lots
Regulator
FCA, ASIC, KNF, MAS, CIRO, FFAJ, BVI
Margin Trading
Yes	Yes
Margin Rate
2%
STP Account
No	Yes
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	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
Yes	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
OANDA Trade, MT4	iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
Yes	No
Inactivity Fee
$10
Islamic Account
No	No
Account Currencies
USD EUR GBP CAD AUD JPY CHF HKD SGD
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng London Stock Exchange Nasdaq Russell 2000 S&P 500	Australian Securities Exchange Deutsche Boerse Euronext Japan Exchange Group New York Stock Exchange
Commodities
Copper Corn Gold Natural Gas Oil Palladium Platinum Silver Soybeans Sugar Wheat	Gold Natural Gas
CFD Trading
You can speculate on popular financial assets covering forex, commodities, indices, metals and bonds. You can get started with $0 minimum deposit, making the broker a good pick for beginners. There’s also a comprehensive range of technical analysis tools in the MT4 and OANDA Trade platforms.	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
1:30 (UK), 1:200 (EU)	1:500
FTSE Spread
1.0	0.77
GBPUSD Spread
1.4	1.2
Oil Spread
3.0	0.87
Stocks Spread
Variable
Forex Trading
OANDA offers 68 currency pairs, which is above the industry average. You can speculate on majors, minors and exotics, with spreads from 0.8 pips on popular pairs. There are no commissions and leverage is available up to 1:200. Average execution speeds are fast based on tests, at 12 milliseconds.	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
1.4	1.2
EURUSD Spread
0.8	0.5
EURGBP Spread
0.9	0.4
Assets
68	55
Cryptocurrency
OANDA offers trading on leading cryptocurrencies, including Bitcoin. You can place trades in the app hassle-free and practice in the unlimited demo account. The broker offers guaranteed stop-loss orders to help protect you against market volatility.	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
$100	Variable
Coins
BTC ETH LTC BCH PAXG LINK UNI AAVE	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

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