Comparison of FOREX.com and Hugo’s Way
| Feature | FOREX.com | Hugo’s Way |
|---|---|---|
| Broker | ||
| Year Founded | 2001 | 2017 |
| Broker Type | MM, DMA | ECN |
| Dealing | B-book, A-book | A-book |
| Execution | Market | Market |
| Regulation | CIMA, FCA, CIRO, CySEC, SFC, JFSA, ASIC, MAS, CFTC, NFA | - |
| Platforms | FOREX.com, Ninja Trader, MetaTrader 4 (MT4), TradingView | MetaTrader 4 (MT4), PRO4 |
| Spread | ⮕ Average | ⬊ Low |
| Maximum Leverage | 1:50 | 1:500 |
| Minimum Deposit | $100 | $10 |
| Base Currencies | USD, EUR, GBP | USD, EUR, GBP, AUD, CAD, BTC |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller | Bitcoin (BTC), Credit/Debit Card, Bank Transfer |
| Inactivity Fee | $15 per month after 12 months | $10 after 30 days |
| Interest on Margin | ✔ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF), Financialcommission.org | - |
| Protection Size | £85 000 / €20 000 | - |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✔ | ✖ |
| Copy Trading | ✖ | ✖ |
| VPS | ✖ | ✖ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✖ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities, Cryptocurrencies | Forex, Stocks, Indices, Metals, Energies, Cryptocurrencies |
| Review | FOREX.com Review | Hugo’s Way Review |
About FOREX.com
FOREX.com is one of the most recognized and trusted forex brokers globally, catering to traders of all levels since its establishment in 2001. Regulated by top-tier financial authorities, including the FCA (UK), CFTC (US), and ASIC (Australia), the broker provides a secure and transparent trading environment. With a wide range of forex pairs, indices, commodities, and cryptocurrencies, FOREX.com offers extensive opportunities for diversification. The broker's advanced trading platforms, including its proprietary platform and MetaTrader 4 (MT4), are equipped with robust charting tools, technical indicators, and risk management features. One of FOREX.com's standout features is its educational content, which includes webinars, trading guides, and market analysis, making it an excellent choice for beginner traders. The broker also offers competitive spreads, fast execution, and flexible account types to suit various trading strategies. However, the absence of support for MetaTrader 5 (MT5) and the relatively high minimum deposit for some accounts might deter certain traders. Despite these minor drawbacks, FOREX.com remains a solid choice for those looking for reliability, regulation, and a wealth of trading resources.
Pros
- Regulated by multiple top-tier authorities (FCA, CFTC, ASIC, etc.)
- Wide range of tradable instruments, including forex, commodities, and crypto
- Advanced proprietary trading platform and support for MetaTrader 4 (MT4)
- Comprehensive educational resources for traders of all levels
- Competitive spreads and fast trade execution
Cons
- No support for MetaTrader 5 (MT5)
- Inactivity fees for dormant accounts
- Limited leverage options for retail traders in certain regions
- Customer support may not be 24/7 in all locations
About Hugo’s Way
Hugo’s Way is an offshore ECN broker launched in 2017. Traders get raw spreads from 0 pips, 1:500 leverage and 150+ CFDs across forex, stocks, indices, metals, energies and 38 crypto pairs - all on MT4 and PRO4. The $10 minimum deposit is processed in Bitcoin or via third-party card gateways. Client funds are held in segregated accounts, negative-balance protection applies and scalping/EAs are fully allowed.
Pros
- Only $10 to start trading
- Raw spreads + $5 commission per lot (1 side)
- 1:500 maximum leverage with NBP
- 38 crypto pairs traded 24/7
- Supports scalping, hedging and EAs
Cons
- No tier‑1 regulation or compensation scheme
- Bitcoin‑centric deposits & withdrawals
- No advanced analytics or education
FOREX.com & Hugo’s Way Regulation
| Feature | FOREX.com | Hugo’s Way |
|---|---|---|
Companies | GAIN Global Markets Inc, StoneX Financial Ltd, GAIN Capital - FOREX.com Canada Ltd, StoneX Europe Ltd, GAIN Capital Group LLC, StoneX Financial (HK) Limited, StoneX Securities Co, StoneX Financial PTE Ltd, StoneX Financial Pty Ltd | Hugo’s Way Ltd |
Countries | Cayman Islands, United Kingdom, Canada, Cyprus, United States, Hong Kong, Japan, Singapore, Australia | Seychelles |
Regulators | CIMA, FCA, CIRO, CySEC, SFC, JFSA, ASIC, MAS, CFTC, NFA | - |
Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF), Financialcommission.org | - |
Investor Protection Size | £85 000 / €20 000 | - |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | FOREX.com | Hugo’s Way |
|---|---|---|
Market Maker Account | ||
| Account Name | Standard | — |
| Min Deposit | $100 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.7 | — |
| Fee | No | — |
| Max Leverage | 1:50 | — |
| Stop Out | 100% | — |
| Margin Call | 120% | — |
ECN Account | ||
| Account Name | — | ECN |
| Min Deposit | — | $10 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0 |
| Fee | — | $10 per 1 lot |
| Max Leverage | — | 1:500 |
| Stop Out | — | 70% |
| Margin Call | — | 100% |
DMA Account | ||
| Account Name | DMA | — |
| Min Deposit | $100 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.1 | — |
| Fee | $12 per 1 lot | — |
| Max Leverage | 1:50 | — |
| Stop Out | 100% | — |
| Margin Call | 120% | — |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | FOREX.com | Hugo’s Way |
|---|---|---|
Base currencies | USD, EUR, GBP | USD, EUR, GBP, AUD, CAD, BTC |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller | Bitcoin (BTC), Credit/Debit Card, Bank Transfer |
Inactivity fee | $15 per month after 12 months | $10 after 30 days |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | FOREX.com | Hugo’s Way |
|---|---|---|
Trading Platforms | FOREX.com, Ninja Trader, MetaTrader 4 (MT4), TradingView | MetaTrader 4 (MT4), PRO4 |
Execution Speed | 0 ms | - |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | average | low |
Trading Assets
| Asset | FOREX.com | Hugo’s Way |
|---|---|---|
Currencies | 91 | 55 |
Indices | 54 | 11 |
Stocks | 5500 | 73 |
Cryptocurrencies | 12 | 38 |
Bonds | 14 | 0 |
Metals | 16 | 4 |
Energies | 14 | 2 |
Soft Commodities | 22 | 0 |
ETFs | 318 | 0 |
Education and Analytics
| Feature | FOREX.com | Hugo’s Way |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | FOREX.com | Hugo’s Way |
|---|---|---|
Email | global.support@forex.com | support@hugosway.com |
Facebook | ||
YouTube | YouTube | — |
Instagram | — | |
Twitter |
Which Broker is Better?
After comparing FOREX.com and Hugo’s Way, FOREX.com comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.