HugosWay Broker Review

HugosWay Broker Review – Is HugosWay.com Broker Scamming People?

In an offshore country during the Covid-19 pandemic, HugosWay opened an online offshore brokerage. These brokers are rarely legitimate and only see the opportunity to make quick money by stealing clients’ money.

Discover everything about HugosWay in our honest review. Our recent scam broker reviews of InstaForex and EmexTrade are worth reading first. There is a danger to your funds with them!

1. Offshore Broker Status: Unregulated
2. Regulated by: An unlicensed scam broker
3. Websites of scammers: HugosWay.com
4. Forex Trading Scam: Active
5. This scam has been blocklisted by: N/A.
6. Owner of the broker: Hugo’s Way Ltd.
7. Country of headquarters: Saint Vincent and the Grenadines
8. The foundation year is 2020
9. Platforms for online trading: MT4, WebTrader
10. Trading via mobile devices: Available
11. Minimum Deposit: $50 at HugosWay
12. Affiliate manager bonus: Available through the affiliate program
13. Cryptocurrencies: BTC, ETH, XRP (34 cryptos)
14. The following trading assets are available: Cryptocurrencies, Forex (FX), Commodities, Indices, Shares, and Futures.
15. Leverage maximum: 1:500
16. The Islamic Account is not available.
17. Demo Account: Yes, it’s free
18. US traders are accepted: US traders are accepted.
19. The Global Fraud Protection Experts’ Verdict: Do not invest in this scam broker!

Is HugosWay Safe? – The Importance of Broker Regulation

HugosWay or Hugo FX meets all the criteria for being a scam. Hugo’s Way Ltd, the brand owner, is based in Saint Vincent and the Grenadines. The FSA, the regulator in this offshore country, redirects brokers to opt for a license in the land of service, so we had to ask if HugosWay was regulated.

Moreover, the website contains much contradictory information, and the broker offers affiliate MLM programs, a popular scam tool.

What’s Wrong With the HugosWay License?

Further, we found no HugosWay regulation on several Tier 1 registers, including the FCA, ASIC, and BaFin. Therefore, the broker operates illegally and is unregulated. Never invest your money in such companies since there is no guarantee that you will make money.

You should also avoid brokers like Status Markets, FXGM, and LPL Capital at all costs!

HugosWay Login Problems – One Of The Signs Of A Scam

Most offshore companies do not intend to pay out clients after they make a profit since they are based there for a reason. Your funds can be blocked in several ways by these brokerages. An account manager might intentionally give you bad advice, resulting in your funds being lost. It is also possible that your account access has been blocked. Additionally, you may have trouble logging in.

A HugoFX review says clients are unable to log into their accounts after requesting a withdrawal. Regardless of whether the email address or password are incorrect or invalid, HugosWay login is impossible.

Please get in touch with us immediately if you experience something similar and cannot log in for more than a couple of hours.

Negative HugosWay Reviews – The Truth About Forex Broker

Hugosway is rated poor by Trustpilot, one of the most reputable review sites. We have checked what issues traders are experiencing and why they consider HugoFX inadequate.

Don’t be fooled by the HugosWay scam; notify us if you notice any trades you didn’t initiate.

Scammed By HugosWay Broker? – Talk To Our Experts Today!

In conclusion, if you were involved with the broker, there is a high chance that HugosWay has scammed you. HugoFX victims received some complaints, and Global Fraud Protection assisted them in filing a complaint. 

Feel free to contact us via online chat if you recognize yourself in our story, are having trouble accessing your account, are having trouble withdrawing funds, etc. We are here to help you with the chargeback procedure. Book your free consultation today. Let’s get your money back as soon as possible!