Comparison of Hankotrade and Hugo’s Way
Feature | Hankotrade | Hugo’s Way |
---|---|---|
Broker | ||
Year Founded | 2010 | 2017 |
Broker Type | ECN, STP | ECN |
Dealing | A-book | A-book |
Execution | Market | Market |
Regulation | - | - |
Platforms | HankoX, HankoSocial | MetaTrader 4 (MT4), PRO4 |
Spread | ⬊ Low | ⬊ Low |
Maximum Leverage | 1:500 | 1:500 |
Minimum Deposit | $15 | $10 |
Base Currencies | USD, EUR, CAD, AUD | USD, EUR, GBP, AUD, CAD, BTC |
Funding Methods | Cryptocurrencies (BTC, ETH, USDT, BCH, USDC, TUSD) | Bitcoin (BTC), Credit/Debit Card, Bank Transfer |
Inactivity Fee | ✖ | $10 after 30 days |
Interest on Margin | ✖ | ✖ |
Withdrawal Fee | ✖ | ✖ |
Investor Protection | - | - |
Protection Size | - | - |
Segregated Accounts | ✔ | ✔ |
Negative Balance Protection | ✔ | ✔ |
Guaranteed Stop Loss | ✖ | ✖ |
Copy Trading | ✔ | ✖ |
VPS | ✖ | ✖ |
MAM/PAMM | ✔ | ✖ |
Scalping Allowed | ✔ | ✔ |
EAs/Robots | ✔ | ✔ |
Depth of Market (DOM) | ✖ | ✖ |
Tradable Assets (CFDs) | Forex, Commodities, Indices, Cryptocurrencies | Forex, Stocks, Indices, Metals, Energies, Cryptocurrencies |
Review | Hankotrade Review | Hugo’s Way Review |
About Hankotrade
Hankotrade is an offshore ECN broker founded in 2010. Traders can choose between STP, ECN and ECN Plus accounts with deposits from $15, floating spreads from 0 pips and leverage up to 1:500. The company offers its own HankoX terminal, supports scalping and algorithmic trading, and processes deposits/withdrawals exclusively in popular cryptocurrencies.
Pros
- Crypto funding and $15 minimum deposit
- ECN spreads from 0 pips with low commissions
- Proprietary HankoX platform
Cons
- Unregulated offshore entity
- Crypto‑only payments, no fiat cards/wires
- No investor compensation scheme
- Limited educational resources
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
Hankotrade & Hugo’s Way Regulation
Feature | Hankotrade | Hugo’s Way |
---|---|---|
Companies | Hankotrade Global Markets Limited | Hugo’s Way Ltd |
Countries | Belize | Seychelles |
Regulators | - | - |
Investor Protection | - | - |
Investor Protection Size | - | - |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
Account | Hankotrade | Hugo’s Way |
---|---|---|
STP Account | ||
Account Name | STP | — |
Min Deposit | $15 | — |
Lot Size | 0.01 | — |
Spread Type | Floating | — |
Execution | Market | — |
Min Spread | 0.7 | — |
Fee | No | — |
Max Leverage | 1:500 | — |
Stop Out | 50% | — |
Margin Call | 80% | — |
ECN Account | ||
Account Name | ECN | ECN |
Min Deposit | $100 | $10 |
Lot Size | 0.01 | 0.01 |
Spread Type | Floating | Floating |
Execution | Market | Market |
Min Spread | 0 | 0 |
Fee | $4 per 1 lot | $10 per 1 lot |
Max Leverage | 1:500 | 1:500 |
Stop Out | 50% | 70% |
Margin Call | 80% | 100% |
Zero Account | ||
Account Name | ECN Plus | — |
Min Deposit | $1000 | — |
Lot Size | 0.01 | — |
Spread Type | Floating | — |
Execution | Market | — |
Min Spread | 0 | — |
Fee | $2 per 1 lot | — |
Max Leverage | 1:500 | — |
Stop Out | 50% | — |
Margin Call | 80% | — |
Additional Features | ||
Demo Account | ||
VIP Account | ||
Swap-Free Account | ||
Copy Trading | ||
VPS | ||
PAMM/MAM Accounts |
Funding and Fees
Feature | Hankotrade | Hugo’s Way |
---|---|---|
Base currencies | USD, EUR, CAD, AUD | USD, EUR, GBP, AUD, CAD, BTC |
Deposit and withdrawal methods | Cryptocurrencies (BTC, ETH, USDT, BCH, USDC, TUSD) | Bitcoin (BTC), Credit/Debit Card, Bank Transfer |
Inactivity fee | $10 after 30 days | |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
Feature | Hankotrade | Hugo’s Way |
---|---|---|
Trading Platforms | HankoX, HankoSocial | MetaTrader 4 (MT4), PRO4 |
Execution Speed | 150 ms | - |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Assets
Asset | Hankotrade | Hugo’s Way |
---|---|---|
Currencies | 55 | 55 |
Indices | 11 | 11 |
Stocks | 0 | 73 |
Cryptocurrencies | 20 | 38 |
Bonds | 0 | 0 |
Metals | 4 | 4 |
Energies | 4 | 2 |
Soft Commodities | 0 | 0 |
ETFs | 0 | 0 |
Education and Analytics
Feature | Hankotrade | Hugo’s Way |
---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Bonuses
Bonus | Hankotrade | Hugo’s Way |
---|---|---|
Welcome Bonus | ||
Is available | ||
Size | 100%, up to $1000 | — |
Details | Learn More | — |
Customer Support
Contact | Hankotrade | Hugo’s Way |
---|---|---|
Email | support@hankotrade.com | support@hugosway.com |
Facebook | — | |
Instagram | — | |
Twitter | — |
Which Broker is Better?
After comparing Hankotrade and Hugo’s Way, Hugo’s Way 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.
More Comparisons
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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.