FXTM vs Hugosway 2025: Features, Pros, Cons, and More!

Forex traders always look for trading with brokers that suit their trading needs and preferences. FXTM and Hugosway are online forex brokers that offer their trading services to traders and investors. FXTM is a highly regulated and trusted forex broker. It is regulated in one tier-1 jurisdictions, one tier-2 jurisdictions, and two tier-4 jurisdictions. On the other hand, Hugosway is an offshore forex broker which is not regulated by any regulatory bodies. 

In this article, we will review and compare the brokerage services offered by FXTM 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.

FXTM vs Hugosway: In a Nutshell

FXTM

Founded in 2011, FXTM is a forex and CFD broker that offers online trading services globally. The broker is regulated by multiple regulatory authorities including ASIC, IIROC, FFAJ, MFSA, MAS,  FCA, CFTC, NFA, BVI FSC. The broker has 10000+ trading instruments including forex, CFDs, Stocks, Commodities like gold, silver, and oil, and cryptocurrencies like Bitcoin, Litecoin, and Ethereum. The broker offers most popular trading platforms like MT4 and MT5. FXTM serves clients from over 150 countries and has over 45 industry awards for excellent services.

Hugosway

Founded in 2017, Hugosway is a forex and CFD broker that offers online trading services. It is an unregulated offshore broker that operates globally. The broker provides ECN pricing with no spread mark-ups and charges only commissions on trades.

Hugosway gives traders access to over 200 instruments, including forex, CFDs, crypto CFDs, futures, indices, metals, and stocks. It allows various trading styles, including scalping, hedging, copy trading, and news trading. The broker offers a maximum leverage of 1:500.

Hugosway requires a minimum deposit of $10 or the equivalent to start trading. It supports BTC, Instacoins, and wire transfers via Instacoins for deposits and withdrawals. The broker provides 24/7 customer support through multiple channels.
However, Hugosway does not offer the MetaTrader (MT4/MT5) platform. It uses the Pro4 trading platform instead. To learn more about Hugosway, you can read our review about it.

FXTM vs Hugosway: Features

FXTM

• Trading Instruments:  FX, Spot Metals, Index CFDs, Commodity CFDs, Cryptocurrency CFDs, Stock CFDs (only MT5)
• Maximum leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
• Minimum Deposit. 100 Euros, US dollars or British pounds 
• Account Types: Two (Advantage and Advantage Plus
• Trading Fees: Trading fees (spreads and commissions) depend on account types. The minimum spread is 0.0 pips ($35 per million per side) for the Advantage account and 1.5 pips (No commission) for the Advantage plus account.  
• PAMM/ MAM:  Allowed
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed

Hugosway

• Trading Instruments: 55 Currencies, 73 Stocks, 38 Cryptos 
• Trading Platforms: PRO4 Trading Platform
• Minimum Deposit:  $10
• Maximum Leverage: 1:500
• Trading Fees: Only Spread is charged (No Commission). Variable spreads from 0.01 pips. A rollover commission is applied on open positions overnight.
• Minimum Trade Size: 0.01 lot. 
• Maximum Trade Size (Lot restriction per Ticket): 1000 Lots 
• Funding Currencies: Wire Transfer, Credit Card, Bitcoin
• Trading Style Allowed: All including Scalping, hedging, News trading, and EA Trading. 
• PAMM/ MAM:  Available 
• Stop Out Level (retail): 70%
• Margin Call Level: 100% 
• Negative balance Protection: Yes 
• Investor Protection:  No investor protection is Available.
• Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity. 
• KYC Verification: Required

FXTM vs Hugosway : Pros and Cons

FXTM Pros and Cons

Hugosway Pros & Cons

FXTM vs Hugosway: Side-by-Side Comparison

FXTM Vs Hugosway: Our Scores and Ratings

We rated both brokers, FXTM 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.

FXTM :

Hugosway

Final Verdict :

Both FXTM and Hugosway offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation. FXTM is a highly regulated and trusted forex broker. It is regulated by top-tier regulatory authorities, including FSC (Mauritius), CySEC , FSA-S, FSCA. On the other hand, Hugosway is an unregulated offshore forex broker. FXTM provides Multiple trading platforms including MT4, MT5. On the Contrary, Hugosway does not offer MT4/MT5. It uses only TradeLocker as its trading platform. 

As FXTM 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 FXTM, while US traders looking for offshore forex brokers may consider Hugosway. Trading with offshore forex brokers is risky and not recommended.