Hugo’s way is an offshore and a fairly new forex broker. It is possessed by a company named Hugosway LTD in St Vincent and the Grenadines which is a country in the Caribbean. Hugo’s way is an online broker which pursues the MetaTrader 4 forex trading platform. It is a safe broker and is registered in St Vincent and Grenadines which provides you secure forex trading It has gained a good reputation due to its 24/7 active customer support team.
BENEFITS OF HUGOSWAY
There are many advantages of Hugo’s Way Review Argentina – Good Spreads | BrokerChoices. Despite being an unregulated forex broker, it enables you to trade over one hundred and fifty assets on MetaTrader 4 trading platform. They give prime importance to their customer support and have a 24/7 active customer care team. They contain several trading instruments among which there are energy instruments, forex exotics, future assets, forex crosses, indices, major forex pairs, stocks, metals, and crypto trading assets.
CURRENT UNREGULATED BROKER
Although Hugosway is, currently, an unregulated broker by the CFTC. In the United States, brokers are regulated by the CFTC. Hugosway has cleared it because they ought to work with the regulatory authorities in near future to become regulated but at present, Hugosway is not regulated. Being regulated is a way through which a broker can run legally in some countries.
HUGOSWAY IS A SAFE BROKER
Even though Hugosway is not a regulated broker but is still a safe one. Hugo’s Also is a registered company in St Vincent and Grenadines. Many adepts who have newly heard about Hugosway broker often get confused about its safety measures. Although Hugosway broker is not regulated it still implies all the safety measures to ensure that a person is not having any risk of money gratuitously moreover;
- They have particular trading conditions.
- A minimum deposit is necessary for leverage.
- Traders are given the facility to secure their money by two-factor authentication. This feature can be used through a mobile app or a verified number.
SECURE FOREX TRADING
Hugosway provides you the secure forex trading as they have the two-factor authentication feature for the trader to secure their money. Due to this feature, a trader can enable [2FA] by a mobile app or an SMS alert on a verified phone number. They also have regulated their third-party payment to prevent the loss of money through fraud and also provide their best to take all the safety measures. Hugosway also operates a procedure known as “know your customer” in which the customer has to provide its identity proof along with the proof of his address. Clients often hesitate to provide their personal information but they don’t know that Hugosway provides a 256-bit secured socket layer [SSL] encryption which means that the information is secured even before sending to the servers of the Hugosway. This feature protects the information from hackers. All these features collectively conclude that Hugosway is a safe Broker and it provides safe and secure forex trading. It may not a registered broker but competes with all of them.