AxiTrader vs Hugosway Compared in 2024

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AxiTrader vs Hugosway: In a Nutshell

AxiTrader

Founded in Sydney, Australia in 2007 by traders, Axi has grown into a global brand with 60,000 clients from over 100 countries. More than 220 forex and CFDs can be traded on its MT4 platform. The Axi Trading platform will soon be available for real trading. Tools like Autochartist and MT4 NextGen are provided while the Axi Copy Trading app is for social trading.

AxiTrader At a Glance

AxiTrader At a Glance
  • Founded In: 2007
  • Trading Instruments: 220+ trading instruments including forex, cryptocurrencies, shares, commodities, indices. 
  • Minimum Deposit: $0 for standard and pro accounts, 25,000 for Elite account. 
  • Maximum Leverage: upto 1:500
  • Regulations: ASIC, FCA,  SVG, FSA, DFSA,
  • Trading Fees: spread starting from 0.9 pips for standard account, $7 per lot for pro account, $3.5 per lot for Elite account
  • Trading platform: MT4, MT4 Webtrader, Axi trading platforms, Copy Trading Apps. 
  • Account Types:  Standard, Pro Account, and Elite Account
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, GlobalCollect, JCB, Maestro, Neteller, Ngan Luong, Payment Asia, Poli, Skrill, UnionPay
  • Funding Currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
  • US Clients : 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

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   
89% CFD Trader Lose Money

AxiTrader vs Hugosway: Pros and Cons

AxiTrader

Pros
  • A global broker since 2007.
  • Regulated by FCA, ASIC, DFSA, and FMA.
  • Serves over 60,000 customers in 100+ countries.
  • No deposit and withdrawal fees.
  • The minimum deposit is as low as $1.
  • Allows scalping, EA trading, and news trading.
  • Offers passive investment programs like MAM, PAMM, and Zulutrade.
  • Maximum leverage is as high as 400:1.
  • Offers a wide range of trading instruments including forex, metals, indices, commodities, and cryptocurrencies.
  • Spread betting is available for the UK market.
  • Spreads are low and start from 0 pips.
  • Easy and digital account opening process.
  • AutoChartist, MetaTrader 4 NextGen, and PsyQuation are offered.
  • Signal providers and free VPS are offered (conditions apply)
Cons
  • Not regulated by CySEC, a leading regulator for EU countries.
  • The demo account expires after 30 days.
  • The broker does not offer more advanced platforms like MT5 and cTrader; only MT4 is available.
  • The commission is $7 for the pro account, which is a bit high compared to competitors.
  • Only forex and CFDs are offered; no real tradable assets are available

Hugosway

Pros
  • Low Minimum Deposit - Starting from $10
  • Allow Crypto CFD Trading 
  • Demo Accounts are Available 
  • Higher Leverage for US, and EU clients. 
  • Allow Scalping, EA Trading and News Trading 
  • Hugosway Accepts Crypto Deposits
Cons
  • Offshore Broker with very limited information
  • Limited Deposit and Withdrawal Option 
  • Spread sometimes  widens during market volatility
  • Unregulated Forex broker  
  • No Managed Account Options

AxiTrader vs Hugosway: Side-by-Side Comparison

AxiTrader
Hugosway
Product
Founded In
Founded In
2007
2018
Founded By
Founded By
Rajesh Yohannan
Beachmont Business Centre
Headquarters
Headquarters
Sydney, Australia.
St. Vincent and the Grenadines
Regulations
Regulations
ASIC, FCA, SVG, FSA, DFSA
None
Min Deposit
Min Deposit
$0 for standard and pro accounts, 25,000 for Elite account.
$10
Max Leverage
Max Leverage
500:1
1:500
Tradable Assets
Tradable Assets
220+ trading instruments including forex, cryptocurrencies, shares, commodities, indices.
Forex, cryptos, commodities, indices and stocks CFDs
Fees
Fees
Spread from 0.9 pips (standard),Pro 0 pips, Elite 0 pips.
Spread from
Platforms and Tools
Platforms and Tools
MT4, MT4 Webtrader, Axi trading platforms, Copy Trading Apps.
MT4
US Traders
US Traders
Not Allowed
Not Allowed

AxiTrader Vs Hugosway: Our Scores and Ratings

We rated both brokers, AxiTrader and Hugosway, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.

AxiTrader :

8.7
Total Score
Regulation and Security (40%)9.2
Fees and Commissions (20%)9
Trading (15%)7.5
Trading tools (10%)7.4
Customer Support (10%)9.4
Trading Education (5%)9

Hugosway:

2.5
Hugosway Scores
Regulation and Security (40%)1.5
Fees and Commissions (20%)4.5
Trading (15%)5.2
Trading tools (10%)1
Customer Support (10%)5
Trading Education (5%)1

Final Verdict :

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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