AvaTrade and Hugosway are online forex brokers that offer their trading services to traders and investors. AvaTrade is a highly regulated and trusted forex broker. It is regulated by multiple regulatory authorities including ASIC, JFSA, FSA, FSCA, ADGM, CBI, ISA, KNF, IIROC. On the other hand, Hugosway is an offshore forex broker which is not regulated by any regulatory bodies. Both the brokers have their own strengths and weaknesses.
In this article, we will review and compare the brokerage services offered by AvaTrade and Hugosway. We will explore options such as regulations, reputations, fees, features, leverage, and more. Additionally, we will analyze and rate the brokers based on macro and micro categories and options. By reviewing these aspects, you will get a clear idea of which broker suits you best for your trading journey.
AvaTrade vs Hugosway: In a Nutshell
AvaTrade
Established in 2006, Avatrade is a forex and CFD broker based in Dublin, Ireland. The company offers a wide range of trading instruments including forex, commodities, stock indices, stocks, exchange-traded funds, options, cryptocurrencies, and bonds. The broker is regulated across 9 jurisdictions AvaTrade is regulated across 9 jurisdictions including ASIC, CySEC, IIROC, ADGM/FSRA, CBI, ISA, FSCA, FFAJ, and FSC in BVI. AvaTrade offers MetaTrader 4 and 5, AvaTradeGo, AvaOptions, and WebTrader platforms for the diverse needs and preferences of the traders. To learn more, you can read our review of Avatrade.
AvaTrade at a Glance
- Founded In: 2006
- Founder: Emanuel Kronitz, Negev Nosatzki, Clal Finance
- Headquarters: Dublin, Ireland
- Minimum Deposit: $100
- Maximum Leverage: 1:30 (for retail clients), 1:400 (for Non-EU, and professional accounts) (varies by region and account type)
- Regulations: CBI, ASIC, JFSA, FSA, FSCA, ADGM, ISA, KNF, IIROC
- Trading platform: Trading Platforms: MT4, MT5, AvaTradeGO, WebTrader, AvaOptions, DupliTrade, ZuluTrade
- Account Types: Retail, Professional, Islamic, Spread Betting (UK only)
- Trading Style: Trading Styles: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
- Payment Options: Bank Wire, Credit/Debit Cards, PayPal, Skrill, Neteller, WebMoney, Perfect Money
- US Traders: Not Accepted
Hugosway
Founded in 2017, Hugosway has been attracting traders from all over the world with its focus on ECN pricing and trading. Only commissions are charged on trades and no spread mark-ups. Low minimum deposit, high leverage, and 24/7 support are some of the strengths of Hugosway.
Hugosway Overview
- Founded In: 2017
- Trading Instruments: 200+ trading Instruments including Forex, CFDs, Crypto CFDs, Futures, Indices, Metals, Stocks
- Minimum Deposit: $10 for Bitcoin, $100 for Instacoins
- Maximum Leverage: 1:500
- Regulations: None
- Trading platform: Pro4
- Account Types: Live account, Demo Account
- Payment Options: BTC, Instacoins, Wire Transfer via Instacoins
- Trading Styles: Allows all trading styles including scalping, Copy Trading, EA Trading
- US Traders: Accepted
Avatrade vs : Hugosway Features
Avatrade
- Trading Instruments: 1,250+ popular assets, across Forex, Stocks, Commodities, Indices, ETFs, and Options.
- Maximum leverage: 1: 30 for EU, UK, and Australian clients, 1:400 for global clients
- Minimum Deposit: $100
- Account Types: Two ( Retail account, Professional Account)
- Trading Fees: Starting from 0.9 pips on forex
- MAM: Available
- PAMM: No
- Scalping: Allowed
- News Trading: Allowed. However, spreads widen during major news
- EA/ Robot Trading: Allowed
Hugosway
- Trading Instruments: 1200+ trading instruments including forex, CFDs in stocks, indices, commodities, ETFs and Cryptos
- Maximum leverage: 500:1
- Minimum Deposit: $10
- Account Types: 1 major Account (Standard)Â
- Trading Fees: Spread starting from 0.1 pipsÂ
- PAMM/ MAM:Â Not Available
- Scalping: AllowedÂ
- News Trading: Allowed
- EA/ Robot Trading: Allowed
AvaTrade vs Hugosway: Side By Side Comparison
Conclusion
Both AvaTrade and Hugosway offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation. AvaTrade is a highly regulated and trusted forex broker. It is regulated by top-tier regulatory authorities, including ASIC, JFSA, FSA, FSCA, ADGM, CBI, ISA, KNF, IIROC. On the other hand, Hugosway is an unregulated offshore forex broker. AvaTrade provides Multiple trading platforms including MT4, MT5, WebTrader, AvaOptions, AvaTradeGO, DupliTrade, Trading Central. On the Contrary, Hugosway does not offer MT4/MT5. It uses only TradeLocker as its trading platform.
As AvaTrade is not licensed in the USA, it cannot accept US clients. Being an unregulated offshore forex broker, Hugosway can onboard clients from anywhere in the world, including the USA. Therefore, non-US traders may opt for AvaTrade, while US traders looking for offshore forex brokers may consider Hugosway. Trading with offshore forex brokers is always risky
