Comparison of Hugo’s Way and OANDA
| Feature | Hugo’s Way | OANDA |
|---|---|---|
| Broker | ||
| Year Founded | 2017 | 2001 |
| Broker Type | ECN | STP |
| Dealing | A-book | A-book |
| Execution | Market | Market |
| Regulation | - | NFA, CFTC, ASIC, CIRO, FCA, JFSA, BVIFSC, MAS, KNF |
| Platforms | MetaTrader 4 (MT4), PRO4 | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, fxTrade |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:500 | 1:200 |
| Minimum Deposit | $10 | $1 |
| Base Currencies | USD, EUR, GBP, AUD, CAD, BTC | USD, EUR, AUD, CHF, SGD, HKD |
| Funding Methods | Bitcoin (BTC), Credit/Debit Card, Bank Transfer | Bank Wire, Credit Card, Debit Card, Neteller, Skrill |
| Inactivity Fee | $10 after 30 days | $10 per month after 12 months |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | - | UK Financial Services Compensation Scheme (FSCS) |
| Protection Size | - | £85 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✔ |
| Copy Trading | ✖ | ✖ |
| VPS | ✖ | ✔ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✖ | ✔ |
| Tradable Assets (CFDs) | Forex, Stocks, Indices, Metals, Energies, Cryptocurrencies | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | Hugo’s Way Review | OANDA 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 OANDA
OANDA is a globally recognized forex broker with a solid reputation for providing robust trading platforms and tools tailored to both beginner and professional traders. Established in 2001, OANDA has consistently positioned itself as a trusted broker, offering a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies. The broker is known for its user-friendly interface, competitive spreads, and advanced analytical tools, making it a popular choice among traders seeking reliable market access. OANDA is regulated by top-tier authorities like the CFTC, FCA, and ASIC, ensuring a high level of trust and transparency in its operations.
Pros
- Regulated by top-tier authorities (CFTC, FCA, ASIC)
- Competitive spreads and reliable pricing
- Access to both MetaTrader 4 (MT4) and a proprietary platform
- User-friendly trading interface suitable for beginners
- Comprehensive educational resources and market analysis tools
- A wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies
- No minimum deposit requirement for most accounts
- Strong focus on transparency and customer support
Cons
- Limited account types compared to some competitors
- Some advanced tools may require additional subscriptions
Hugo’s Way & OANDA Regulation
| Feature | Hugo’s Way | OANDA |
|---|---|---|
Companies | Hugo’s Way Ltd | OANDA Corporation, OANDA Australia Pty Ltd, OANDA (Canada) Corporation ULC, OANDA Europe Limited, OANDA Japan Co., Ltd, OANDA Global Markets Ltd, OANDA Asia Pacific Pte Ltd, OANDA TMS Brokers S.A. |
Countries | Seychelles | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland |
Regulators | - | NFA, CFTC, ASIC, CIRO, FCA, JFSA, BVIFSC, MAS, KNF |
Investor Protection | - | UK Financial Services Compensation Scheme (FSCS) |
Investor Protection Size | - | £85 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | Hugo’s Way | OANDA |
|---|---|---|
STP Account | ||
| Account Name | — | Standard |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.5 |
| Fee | — | No |
| Max Leverage | — | 1:200 |
| Stop Out | — | 50% |
| Margin Call | — | 100% |
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% | — |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | Hugo’s Way | OANDA |
|---|---|---|
Base currencies | USD, EUR, GBP, AUD, CAD, BTC | USD, EUR, AUD, CHF, SGD, HKD |
Deposit and withdrawal methods | Bitcoin (BTC), Credit/Debit Card, Bank Transfer | Bank Wire, Credit Card, Debit Card, Neteller, Skrill |
Inactivity fee | $10 after 30 days | $10 per month after 12 months |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | Hugo’s Way | OANDA |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), PRO4 | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, fxTrade |
Execution Speed | - | 12 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Assets
| Asset | Hugo’s Way | OANDA |
|---|---|---|
Currencies | 55 | 48 |
Indices | 11 | 18 |
Stocks | 73 | 1607 |
Cryptocurrencies | 38 | 18 |
Bonds | 0 | 0 |
Metals | 4 | 3 |
Energies | 2 | 3 |
Soft Commodities | 0 | 4 |
ETFs | 0 | 0 |
Education and Analytics
| Feature | Hugo’s Way | OANDA |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | Hugo’s Way | OANDA |
|---|---|---|
Email | support@hugosway.com | frontdesk@oanda.com |
Phone | — | +442031512050 |
Facebook | ||
LinkedIn | — | |
YouTube | — | YouTube |
Instagram | ||
Twitter |
Which Broker is Better?
After comparing Hugo’s Way and OANDA, OANDA 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.