Comparison of Hugo’s Way and KOT4X
| Feature | Hugo’s Way | KOT4X |
|---|---|---|
| Broker | ||
| Year Founded | 2017 | 2019 |
| Broker Type | ECN | ECN |
| Dealing | A-book | A-book |
| Execution | Market | Market |
| Regulation | - | SVGFSA |
| Platforms | MetaTrader 4 (MT4), PRO4 | TradeLocker |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:500 | 1:500 |
| Minimum Deposit | $10 | $10 |
| Base Currencies | USD, EUR, GBP, AUD, CAD, BTC | USD, BTC, ETH, USDT |
| Funding Methods | Bitcoin (BTC), Credit/Debit Card, Bank Transfer | Cryptocurrencies (BTC, ETH, LTC, DOGE, USDT ERC‑20/TRC‑20), card payments via crypto processors |
| 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, Stocks, Indices, Metals, Energies, Cryptocurrencies | Forex, Indices, Shares, Commodities, Cryptocurrencies |
| Review | Hugo’s Way Review | KOT4X Review |
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
About KOT4X
KOT4X is an offshore ECN broker founded in 2019 and registered in St Vincent & the Grenadines and Jamaica. It offers accounts with raw spreads from 0.0 pips, $10 crypto only deposits and up to 1:500 leverage. Traders get 250+ instruments across FX, indices, equities, metals, energies and crypto on the browser based TradeLocker. Funds are kept in segregated accounts, Islamic swap-free options are available, but the broker remains unregulated and lacks copy-trading or robust education.
Pros
- Low $10 crypto deposit and no deposit fees
- Raw‑spread ECN trading with 1:500 leverage
- 250+ markets incl. 23 cryptos and 38 stocks
- Segregated client funds
Cons
- Offshore entity
- Crypto‑only funding & withdrawals
- No built‑in copy trading or advanced education
- No investor‑compensation scheme
Hugo’s Way & KOT4X Regulation
| Feature | Hugo’s Way | KOT4X |
|---|---|---|
Companies | Hugo’s Way Ltd | Kot Ltd, |
Countries | Seychelles | Saint Vincent and the Grenadines, Jamaica |
Regulators | - | SVGFSA |
Investor Protection | - | - |
Investor Protection Size | - | - |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | Hugo’s Way | KOT4X |
|---|---|---|
ECN Account | ||
| Account Name | ECN | Pro Pairs |
| Min Deposit | $10 | $10 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0 | 0 |
| Fee | $10 per 1 lot | $7 per 1 lot |
| Max Leverage | 1:500 | 1:500 |
| Stop Out | 70% | 50% |
| Margin Call | 100% | 80% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | Hugo’s Way | KOT4X |
|---|---|---|
Base currencies | USD, EUR, GBP, AUD, CAD, BTC | USD, BTC, ETH, USDT |
Deposit and withdrawal methods | Bitcoin (BTC), Credit/Debit Card, Bank Transfer | Cryptocurrencies (BTC, ETH, LTC, DOGE, USDT ERC‑20/TRC‑20), card payments via crypto processors |
Inactivity fee | $10 after 30 days | |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | Hugo’s Way | KOT4X |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), PRO4 | TradeLocker |
Execution Speed | - | 150 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Assets
| Asset | Hugo’s Way | KOT4X |
|---|---|---|
Currencies | 55 | 57 |
Indices | 11 | 13 |
Stocks | 73 | 38 |
Cryptocurrencies | 38 | 23 |
Bonds | 0 | 0 |
Metals | 4 | 8 |
Energies | 2 | 5 |
Soft Commodities | 0 | 0 |
ETFs | 0 | 0 |
Education and Analytics
| Feature | Hugo’s Way | KOT4X |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | Hugo’s Way | KOT4X |
|---|---|---|
Email | support@hugosway.com | support@kot4x.com |
Facebook | — | |
Instagram | ||
Twitter | — |
Which Broker is Better?
After comparing Hugo’s Way and KOT4X, KOT4X 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.