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Hugo’s Way Trading Signals - TU Expert review

Updated: December 12, 2023
Mikhail Vnuchkov
Contributor
Opinions expressed by Traders Union Contributors are their own.
Reviewed by
Olga Shendetskaya
Editor
Official Hugo’s Way
website Full Hugo’s Way
overview

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Hugo’s Way Fees and Minimum Deposit

Table of Contents

  • Intro
  • Short introduction
  • Pros and cons
  • What are trading signals?
  • Hugo’s Way Trading Signals
  • Conclusions
  • FAQs
Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Hugo’s Way trading signals. You will learn what kinds of trading signals Hugo’s Way offers and what the conditions for using them are.

Short introduction of Hugo’s Way

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.

💰 Account currency: USD
🚀 Minimum deposit: From USD 10
⚖️ Leverage: up to 1:500
💱 Spread: From 1.7 pips for all instruments except commodity assets
🔧 Instruments: Currencies, assets of stock and commodity markets, cryptocurrencies
💹 Margin Call / Stop Out: 100%/70%

Hugo’s Way Pros and Cons

👍 Advantages of trading with Hugo’s Way:

•Low initial deposit - from $10.

•Сryptocurrencies are among the arsenal of trading tools.

•There is a demo account.

👎 Disadvantages of Hugo’s Way:

•Offshore registration and lack of information on liquidity providers.

•Only 4 options for depositing / withdrawing money.

•Average spread that may widen at times of abnormal volatility.

•Lack of unique tools and offers that give an edge over competitors.

What are trading signals?

Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.

A broker can provide signals in several ways:

  • Copy trading.

  • Email alerts.

  • Signals through a blog on the website.

  • Recommendations of a personal manager, etc.

When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.

Hugo’s Way Trading Signals

Information

Traders Union experts have analyzed HugosWay trading conditions for explicit and implicit commissions. It is worth noting the lack of transparency in the broker's work. The site contains only general terms of cooperation and there is almost no information on commissions. The Real trading account is the only one.

Account type Spread (minimum value) Withdrawal commission
Real From $15 No data

Conclusion

Based on the results of the analysis, Traders Union analysts have concluded that Hugo’s Way does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.

See related articles in our selection:

FAQs

Can I lose money by trading signals?

Keep in mind that there are no ideal trading signals and trading signals may lead to a loss of funds. There are always risks.

Do I need to test trading signals before subscribing to them?

Most definitely yes. Make sure that the signals do work and are effective.

Is automatic position opening based on signals possible?

Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.

Team that worked on the article

Mikhail Vnuchkov
Mikhail Vnuchkov
Author at Traders Union

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.

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Olga Shendetskaya
Olga Shendetskaya
Author and editor at Traders Union

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.

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