Hugosway and Fyntura are two popular offshore forex and CFD brokers that offer online trading services to traders and investors worldwide. Both brokers accept U.S. clients and provide trading facilities with no FIFO rule, high leverage, low fees, and tight spreads without restrictions. Although these brokers offer similar services, each has its strengths and weaknesses.
In this article, we will compare and review Hugosway and Fyntura by exploring their trading conditions, instruments, minimum deposits, fees, features, and customer support. This comparison and research will help you determine which broker is better suited to your trading style and preferences.
Hugosway vs Fyntura: In a Nutshell
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
Fyntura
Founded in 2023, Fyntura is an online forex and CFD broker. It is an unregulated forex broker that offers 100 instruments ranging from all the major Cryptos, Forex, Commodities, and Global Indices to traders worldwide. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of Fyntura is as high as 1:500.
Fyntura at a Glance
- Founded Year: 2020
- Location: Seychelles
- Minimum Deposit: $10
- Maximum Leverage: 1:500
- Regulations: None (Unregulated Offshore Broker)
- Trading platform: MT4
- Account Types: Zero, Pro, Prime
- Trading Style: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
- Payment Options: Crypto deposits and withdrawals
- US Traders: Accepted
Hugosway vs Fyntura: Side By Side Comparison
Hugosway vs Fyntura: Pros and Cons
Hugosway Pros & Cons
- 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
- Offshore Broker with very limited information
- Limited Deposit and Withdrawal Option
- Spread sometimes widens during market volatility
- Unregulated Forex broker
- No Managed Account Options
Fyntura Pros & Cons
- Low Minimum Deposit – Starting from as low as $10
- Offers 100+ Trading Instruments including forex, indices, metals, and Cryptos
- Maximum leverage is as high as 1:500
- Offers Meta Trader 4 (MT4) Trading Platforms
- Allow Crypto CFD Trading
- Demo Accounts are Available
- Higher Leverage for US, and EU clients.
- Allow Scalping, EA Trading, and News Trading
- Fyntura Accepts Crypto Deposits
Cons:
- Unregulated offshore forex broker
- Only Crypto Deposit and Withdrawals are available
- Only MT4 is available. No other trading platforms are offered.
Final Thoughts:
Hugosway and Fyntura are unregulated offshore forex and CFD brokers in the industry. They offer similar trading services; they both allow scalping, hedging, EA trading, and Copy trading EA. The minimum order size for both of them is 0.01
However, there are a few areas where you may find some differences. For example, Hugosway does not support MetaTrader (MT4/MT5) trading platform; instead, it uses the PRO4 trading platform. On the other hand, Fyntura supports MT4 (Desktop, Web, Phone) trading platforms. the minimum deposit for Hugosway is $10, whereas the minimum deposit for Fyntura is $10. Additionally, the maximum leverage for Hugosway is 500:1, while the maximum leverage for Fyntura is 500:1.
Our score for Hugosway is 2.5, and for Fyntura, it is 4.5. If you are looking for a high-leverage offshore broker with MT4 trading platform you may choose Fyntura. However, if you prefer not to use MT4/MT5, you may choose Hugosway.
Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital. Moreover, trading with offshore forex brokers puts your funds at higher risks
