Forex traders always look for trading with brokers that suit their trading needs and preferences. Pepperstone and Hugosway are online forex brokers that offer their trading services to traders and investors. Peperstone is a highly regulated and trusted forex broker. It is regulated in three Tier-1 jurisdictions, two 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 Pepperstone 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.
Pepperstone vs Hugosway: In a Nutshell
Pepperstone
Founded in 2010; Pepperstone is an Australian-based forex and CFD broker that offers online trading services globally. The broker gives you access to trade more than 1200 forex/CFDs on its powerful platforms; MT4, MT5, cTrader, and TradingView. With its technological infrastructure, Pepperstone offers lightning-speed executions, multiple trading tools, and low trading fees. It is regulated in 7 jurisdictions and boasts of over 400,000 clients from all over the world.
Pepperstone At a Glance
- Founded In: 2010
- Founder: Owen Kerr and Joe Davenport
- Headquarters : Melbourne, Australia,
- Minimum Deposit: None (However, Pepperstone recommends $200 or equivalent for margin requirements.
- Maximum Leverage: Upto 30:1 for ASIC, CySEC, FCA, BaFin, and DFSA jurisdictions, 400:1 for CMA, 200:1 for SCB, and 500:1 for Professional Accounts
- Regulations: FCA, ASIC, CySEC, BaFIN, DFSA, CMA, and SCB
- Trading platform: MT4, MT5, cTrader, TradingView
- Account Types: Standard, Standard (cTrader/MetaTrader 4&5), Razor (MT4, MT5, cTrader & TradingView)
- Trading Styles: All including Scalping, Hedging, News Trading, EA Trading
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, Local Bank Transfers, M-Pesa, Neteller, PayPal, Poli, Skrill, UnionPay
- 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
- 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
Pepperstone vs Hugosway: Features
Pepperstone:
- Trading Instruments: 1250+Trading instruments including Forex, Commodities, Cryptocurrencies, Shares/Stocks CFDs, etc
- Maximum leverage: 1:30 for retail traders of ASIC, CySEC, FCA, and BaFin jurisdictions, 1:200 for SCB Jurisdiction, 1:400 for CMA Jurisdiction, and 1:500 for professional traders.
- Minimum Deposit: No Minimum Deposit. However, Pepperstone recommends $200 or equivalent for the margin requirement.
- Account Types: Two ( Standard account, Razor Account)
- Trading Fees: Spread starting from 1 pip for Standard Account or Commission 3.00 to 3.50 per lot for Razor Account on a Single Trip.
- PAMM/ MAM: Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
Pepperstone vs Hugosway: Pros and Cons
Pepperstone
- Regulated in 7 Reputed Jurisdictions (FCA in the UK, CySEC in Cyprus, ASIC in Australia, BaFin in Germany, DFSA in Dubai, CMA in Kenya, and SCB in the Bahamas)
- Fast order execution (fast execution on an average of 30 ms)
- Competitive spread starting from 0.0 pips
- Segregated clients fund with tire 1 bank
- No Inactivity Fees
- Attractive Trading Conditions
- Wide Range of Instruments Offered
- Fast and full online account opening
- MT4 Smart trader tools, Autochartist, Capitalise.ai, and free VPS are some of the trading tools available.
- US Traders not allowed
- Only CFDs are Offered
- No cent/Micro Account
- Minimum deposit 200
- Support works only 24/5
- Limited account protection for non-U.K./E.U. clients
- No guaranteed Stop loss
- 30-day expiry for demo accounts
Hugosway
- 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
Pepperstone vs Hugosway: Side-by-Side Comparison
Pepperstone Vs Hugosway: Our Scores and Ratings
We rated both brokers, Pepperstone 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.
Pepperstone :
Hugosway :
Final Verdict :
Both Pepperstone and Hugosway offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation. Pepperstone is a highly regulated and trusted forex broker. It is regulated by top-tier regulatory authorities, including FCA, ASIC, CySEC, DFSA, CMA, SCB, and BaFin. On the other hand, Hugosway is an unregulated offshore forex broker. Pepperstone provides Multiple trading platforms including MT4, MT5, cTrader, and TradingView. On the Contrary, Hugosway does not offer MT4/MT5. It uses only TradeLocker as its trading platform.
As Pepperstone 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 Pepperstone, while US traders looking for offshore forex brokers may consider Hugosway. Trading with offshore forex brokers is risky and not recommended.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
