Hugosway vs ProsperityFx 2024 |Features, Pros, Cons and More!

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Hugosway and ProsperityFX are both unregulated offshore forex brokers, with ProsperityFX being a relatively new player in the market. As unregulated brokers, both Hugosway and ProsperityFX operate outside the oversight of major financial regulatory bodies, which can present both opportunities and risks for traders. Both brokers offer almost similar services. 

While Hugosway may have a longer track record in the industry, ProsperityFX’s status as a new broker could mean they offer more competitive features and pricing to attract traders. However, the lack of regulation for both brokers means that traders should proceed with caution and conduct thorough research before making a decision. In the following article, we will discuss and list important features, trading conditions, and user experiences, pros and cons of each broker.

Hugosway
Prosperityfx
Product
Founded In
Founded In
2018
2020
Founded By
Founded By
Not Found
Lee Sullivan
Headquarters
Headquarters
St. Vincent and the Grenadines
Kingstown, St. Vincent and the Grenadines
Regulations
Regulations
None
None
Min Deposit
Min Deposit
$10
$25
Max Leverage
Max Leverage
1:500
500:1
Tradable Assets
Tradable Assets
Forex, cryptos, commodities, indices and stocks CFDs
Trade Forex, Indices, Commodities and Cryptocurrencies with some of the tightest spreads available in the market
Fees
Fees
Spread from
Spread from 0.8 pips
Platforms and Tools
Platforms and Tools
MT4
MT4
US Traders
US Traders
Allowed
Allowed

Hugosway vs ProsperityFX: 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

Hugosway Overview
  • Founded In: 2017
  • Minimum Deposit: $10
  • Maximum Leverage: 1:500
  • Regulations: None 
  • Trading platform: MT4 
  • Account Types: Live account, Demo Account
  • Payment Options: BTC, Credit/debit cards, Bank transfer,
  • US Traders: Accepted   
89% CFD Trader Lose Money

ProsperityFX

ProsperityFX facilitates the trading of over 200 forex and CFDs on its MT4 platforms. Founded in 2020, the broker offers multiple account types, ECN raw spreads, fast executions, and 24/7 support. You can fund your account via several cryptos and there are no extra charges for deposits or withdrawals.

ProsperityFX Overview
  • Founded In: 2020
  • Minimum Deposit: $25
  • Maximum Leverage: 500:1
  • Regulations: None 
  • Trading platform: MT4
  • Account Types: 
  • Payment Options: VISA, MasterCard, Bitcoin
  • US Traders: Accepted 

Hugosway vs ProsperityFX: Pros and Cons

Hugosway Pros & Cons

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

ProsperityFX Pros and Cons

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

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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