Deriv vs HugosWay - Fees Review included
Which broker is better Deriv or HugosWay? Our expert assessment conducted according to TU’s own methodology showed that Deriv is one of the top brokers in the financial market with the TU Overall Score of 7.2 out of 10. HugosWay is one of the top brokers in the financial market with the TU Overall Score of 5.03 out of 10. Find out more about TU Overall Score.
| Feature | Deriv | HugosWay |
|---|---|---|
Overall |
1.5 |
3.3 |
1.5 |
1 |
|
1.7 |
3.7 |
|
1.6 |
3.5 |
|
Investment Instruments |
1.8 |
1 |
Platforms and Charting Tools |
1.4 |
3.5 |
Deposit and Withdrawal |
1.8 |
4.1 |
Research |
1.4 |
2.5 |
Education |
1.3 |
2.4 |
Support |
1.2 |
3.4 |
Bonuses |
1.3 |
1 |
|
|
|
Deriv vs HugosWay: Pros and Cons
Deriv is a brokerage company that started its activities in 1999. Deriv's mission is to make trading accessible. For this reason, the company has low minimum deposit requirements, but high-quality working conditions. DTrader is one of the broker's several proprietary trading platforms. Two others are DBot and DMT5. Deriv offers its clients to trade Forex assets, stocks, indices (including synthetic ones), CFDs, commodities, and options. Deriv is an international broker licensed and regulated by the following bodies: UK Financial Conduct Authority (FCA), Vanuatu Financial Services Commission (VFSC), Malta and Labuan Financial Services Authority (MFSA and Labuan FSA). The rights of traders are guarded by the Financial Commission, of which Derive is also a member.
HugosWay (also Hugo’s Way and Hugosway) was founded in 2017. Despite its relatively young age, the company has firmly established itself among the classic brokers working on Forex with traditional trading instruments. HugosWay aims to cooperate with clients from Europe and Asia. Registration is in Saint Vincent and the Grenadines.
| Deriv | HugosWay | |
|---|---|---|
| Overall Pros | Low level of the minimum deposit. | ECN/STP technology |
| A wide range of payment agents for replenishment of the deposit and withdrawal of earned funds. | Crypto withdrawal | |
| Availability of trading instruments of different groups: currency pairs, stocks, indices, metals, etc. | Order processing speed - 150-250 ms | |
| Broker regulation by several authorities from different countries. | ||
| Round-the-clock client support. | ||
| Choice of three convenient trading platforms. | ||
| No commission for maintaining a trading account and using its platforms. | ||
| Overall Cons | The tutorials provided on the site may not be enough for novice traders. | Not regulated broker |
| Deriv has only a few ways to contact support. | Limited number of supported assets | |
| The broker does not serve clients from several countries, such as the USA, Canada, Malaysia, Israel, and others. | Weak research and education | |
| No passive income tools | ||
| High spread |
Deriv vs HugosWay: Safety and Regulation
| Deriv | HugosWay | |
|---|---|---|
Max. Regulation Level |
Tier-2 |
Not regulated |
Investor protection |
€20,000 |
No |
FCA UK Regulation |
No |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
No |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
No |
BVI FSC |
Yes |
No |
VFSC |
Yes |
No |
FSA (Seychelles) |
No |
No |
Deriv vs HugosWay: Trading Conditions
| Trading Conditions | Deriv | HugosWay |
|---|---|---|
Minimum Deposit |
$10 |
$10 |
Trading Platforms |
Deriv MT5, Deriv X, DTrader, SmartTrader, DBot |
МТ4 |
Max Leverage (Futures) |
1-1000 |
1-500 |
Supported Markets |
Currency pairs, cryptocurrencies, CFDs, indices, stocks, synthetic indices, commodities |
Forex CFDs on Crypto, Metals, Indices, Stocks |
Trading assets |
218+ |
150+ |
Trading Accounts |
Real account, demo account |
Real |
Base Account Currencies |
Deriv MT5, Deriv X, DTrader, SmartTrader, DBot |
USD |
Deriv vs HugosWay: Fees
| Deriv | HugosWay | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,5 |
0,2 |
Standard acc. spread EUR/USD, max pips |
0,8 |
1,2 |
ECN Commission |
2,5 |
|
ECN Spread EUR/USD |
0,3 |
|
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
25 |
10 |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Deriv vs HugosWay: Trading Assets
| Asset Name | Deriv | HugosWay |
|---|---|---|
Overall |
218+ |
150+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Deriv or HugosWay: Investment Programs
| Asset Name | Deriv | HugosWay |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: HugosWay or Deriv
| Deriv | HugosWay | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
DTrader |
No |
Others |
SmartTrader |
No |
|
|
|
Deriv vs HugosWay: Deposit and Withdrawal Methods
| Deriv | HugosWay | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
Deriv vs HugosWay: Research
| Research Type | Deriv | HugosWay |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
Deriv vs HugosWay: Education
| Education Type | Deriv | HugosWay |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
Yes |
No |
Videos |
Yes |
Yes |
Cent account |
No |
No |
HugosWay vs Deriv: Support
| Support Features | Deriv | HugosWay |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Deriv vs HugosWay: Forex Bonuses and Promo
| Promo | Deriv | HugosWay |
|---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
Deriv’s affiliate program is presented in three types: a trader can (i) receive additional earnings for the monthly income of his referees, (ii) for the probability of payments on options, as well as (iii) for inviting new users to the Deriv broker. |
Yes |
Other Promos |
||
|
|
|
Top 5 Reviews on HugosWay
-
Comment
Hugo's Way offers trading via MT4 and supports both demo and live accounts. I personally tested trading with the $50 minimum deposit — orders are executed quickly with no slippage. Available assets include currency pairs, cryptocurrencies, commodities, and stock indices. No deposit or withdrawal fees is a plus, though the limited number of payment methods — only four options — is a drawback. It’s also worth noting that Hugo's Way is not regulated by Tier-1 authorities, which may be a concern for more conservative traders.
-
Comment
Hugo’s Way trading conditions suit those who prefer small deposits — the minimum entry is only $10. This allows you to test the platform and evaluate the MT4 terminal with minimal risk. The EUR/USD spread starts from 0.3 pips, which is quite competitive, but it’s worth noting that spreads can widen significantly during high volatility. The broker offers leverage up to 1:500 and supports cryptocurrencies, which sets it apart from companies with a narrower focus. However, the selection of instruments is not as wide as with larger brokers.
-
Comment
I've been working with HugosWay for four years now. Although this broker may not be as widely known as some others, its clients note that the company takes its traders seriously. If any issues arise during trading, they can be resolved by contacting HugosWay's support team. However, my support tickets haven't always been processed quickly, which is a downside to the broker.
-
Comment
When I opened an account with HugosWay, the customer support team convinced me of excellent conditions for active trading. They recommended opening an ECN account for the best experience. However, it turned out that among all ECN systems, this broker has the worst one. There are no advantages, only a commission of $8 per lot. In terms of execution speed, requotes, and slippages, everything is at a terrible level. Therefore, it's not advisable to trust everything the HugosWay managers say.
-
Comment
If you believe HugosWay, they have the fastest trading platform. However, in reality, order processing in this company can take anywhere from a few seconds to five minutes. I trade with two companies and see a significant difference in order processing speed. Unfortunately, the HugosWay customer support believes that everything is fine with the company. Therefore, I have discontinued my collaboration with this broker.
Top 5 Reviews on Deriv
-
Comment
I found Deriv through reviews on Traders Union and haven’t regretted it — the company is truly international, operating under licenses from the MFSA, LFSA, and other regulators. I was especially impressed by the DTrader platform: simple interface, a wide selection of indicators, and easy chart customization. I opened trades on Forex and synthetic indices, and in the first month, I managed to earn $70, even though I started with the minimum deposit.
-
Comment
I opened an account with Deriv earlier this year, attracted by the low spreads and a minimum deposit of just $5. I started out trading on a demo account, but later deposited $50 into a real account. What I liked is that Deriv offers over 200 assets, including currencies, cryptocurrencies, indices, and synthetic instruments. After three months of active trading, I was able to withdraw my first profit of $180 via Skrill — the withdrawal was processed within a day and without any fees.
-
Comment
Deriv stands out for its unique instruments like synthetic indices and futures, which are available 24/7 without weekend breaks. The MT5 platform runs smoothly, and there are convenient web versions like DTrader and a mobile app. Deposits and withdrawals start from just $5, with minimal transaction fees. Over the past month, I made three withdrawals — each time the funds arrived within one business day. Deriv also offers educational courses and analytics that truly help beginners get up to speed quickly. I recommend Deriv for its reliability and wide range of instruments.
-
Comment
Deriv offers excellent conditions for mobile trading: the app runs smoothly on all devices, and all features fully mirror the web platform. For beginners, there’s a $10,000 demo account available to test any strategies risk-free. Spreads on major instruments start from 0.5 pips, and execution speed is high — I haven’t experienced any delays. I regularly take part in Deriv competitions, which offer the chance to win bonuses and no-deposit credits. After a year of trading with Deriv, I managed to grow my account from $50 to $700, and I’ve never had any issues with verification or customer support.
-
Comment
Deriv offers very flexible conditions for automation: the DBot robot builder allows you to create your own trading algorithms without any coding knowledge. The minimum deposit is $5, and commissions on most CFD trades are minimal—usually less than $1 per lot. Investors have access to a wide range of trading instruments: currencies, stocks, commodities, cryptocurrency, and indices. I especially appreciate the ability to trade with leverage up to 1:1000, which provides great potential to grow your deposit. Over the past three months, I have received more than $30 in cashback from participating in Deriv promotions.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.