Lite Finance vs Hugosway | Compare Features, Safety & More for 2024

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LiteFinance Markets vs Hugosway: In a Nutshell

LiteFinance

LiteFinance (formarly known as LiteForex)  is an online  forex and CFD broker founded in 2005. It provides online trading services for individuals interested in participating in the foreign exchange market and other financial markets. LiteForex offers various trading accounts, platforms, and educational resources for traders. You can trade using MT4,MT5, and mobile trading apps on LIteFiance. This broker offer 250+ trading instruments for retail traders. 

LiteFinance  Overview
  • Founded In: 2005
  • Minimum Deposit: $10
  • Maximum Leverage: 1:1000
  • Regulations: FCA, CySEC, FSA, FSA (Labuan), and FSCA.
  • Trading platform: MT4/5, LF, cTrader
  • Account Types: ECN, Classic
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, Bitcoin, Bitcoin Cash, Boleto, Ether/Ethereum, Litecoin, Local Bank Deposits, M-Pesa, Mobile Money, Monero, PerfectMoney, Ripple (XRP), WebMoney
  • US Traders: Not Accept

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

LiteFinance vs Hugosway : Pros and Cons

LiteFinance Pros and Cons

Lite Finance
Hugosway
Product
Founded In
Founded In
2005
2018
Founded By
Founded By
Mahmud Naimov
Not Found
Headquarters
Headquarters
Port Louis, Mauritius
St. Vincent and the Grenadines
Regulations
Regulations
CySEC, FSC
None
Min Deposit
Min Deposit
$10
$10
Max Leverage
Max Leverage
1:1000
1:500
Tradable Assets
Tradable Assets
Currency , Metals , Oils , Commodities
Forex, cryptos, commodities, indices and stocks CFDs
Fees
Fees
Spread from 0.5 pips
Spread from 1.7 pips
Platforms and Tools
Platforms and Tools
MT4/5, LF, cTrader
MT4, WebTrader, Desktop Terminal
US Traders
US Traders
Not Allowed
Allowed

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

LiteFinance vs Hugosway: Side-by-Side Comparison

Lite Finance
Hugosway
Product
Founded In
Founded In
2005
2018
Founded By
Founded By
Mahmud Naimov
Not Found
Headquarters
Headquarters
Port Louis, Mauritius
St. Vincent and the Grenadines
Regulations
Regulations
CySEC, FSC
None
Min Deposit
Min Deposit
$10
$10
Max Leverage
Max Leverage
1:1000
1:500
Tradable Assets
Tradable Assets
Currency , Metals , Oils , Commodities
Forex, cryptos, commodities, indices and stocks CFDs
Fees
Fees
Spread from 0.5 pips
Spread from 1.7 pips
Platforms and Tools
Platforms and Tools
MT4/5, LF, cTrader
MT4, WebTrader, Desktop Terminal
US Traders
US Traders
Not Allowed
Allowed

LiteFinance Vs Hugosway: Our Scores and Ratings

We rated both brokers, LiteFinance 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.

LiteFinance:

8.2
LiteFinance Score
Regulation and Security (40%)7
Fees and Commissions (20%)9.3
Trading (15%)9
Trading tools (10%)9
Customer Support (10%)9
Trading Education (5%)8

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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