Both TD Ameritrade and Hugosway offer similar trading services worldwide. However, there are differences in their regulations, reputations, and operations. TD Ameritrade is a regulated and trusted forex broker, supervised by top-tier regulatory authorities, including the SEC, FINRA, CFTC, SFC, MAS. In contrast, Hugosway is an unregulated offshore forex broker. TD Ameritrade provides multiple trading platforms, including Web Platforms, thinkorswim desktop, thinkorswim®web, Mobile Trading; while Hugosway does not offer MT4/MT5 and uses only PRO4 Trading Platform as its trading platform.
Since TD Ameritrade is licensed in the USA, it can accept U.S. clients. However, TD Ameritrade does not offer high leverage or CFD instruments due to regulatory obligations in the USA. In contrast, as an unregulated offshore broker, Hugosway can offer U.S. traders high leverage and CFD trading. Our score for TD Ameritrade is 9.3, and for Hugosway, it is 9 (according to our expert ratings, brokers that achieve a score of 8.00 or higher are considered safe and trustworthy).
Therefore, if you are looking for a U.S.-regulated forex broker, TD Ameritrade is a good choice. However, if you prefer to trade CFDs with high leverage, you may consider Hugosway. Keep in mind, though, that trading with an unregulated offshore broker carries significant risks.
TD Ameritrade vs Hugosway: In a Nutshell
TD Ameritrade
Founded in 1971 as Ameritrade, TD Ameritrade is a well-known American online brokerage firm that offers a wide range of financial services including stocks, Forex, options, ETFs Mutual Funds, fixed income, and other investment products TD Ameritrade went through a couple of acquisitions and mergers. In 2006, it acquired the US operations of TD Waterhouse, followed by the acquisition of Scottrade in 2017. Finally, in 2020, Charles Schwab Corporation acquired TD Ameritrade. TD Ameritrade provides access to both US and non-US traders to trade on this platform.
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
TD Ameritrade vs Hugosway: Side-by-Side Comparison
TD Ameritrade Vs Hugosway: Our Scores and Ratings
We rated both brokers, TD Ameritrade 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.
TD Ameritrade:
Hugosway
Final Verdict :
Both TD Ameritrade and Hugosway offer trading services worldwide. However, there are differences in their regulations, reputation, and operations. TD Ameritrade is a highly regulated and trusted forex broker, governed by top-tier regulatory authorities such as the SEC, FINRA, and SIPC. On the other hand, Hugosway is an unregulated offshore forex broker. TD Ameritrade provides the thinkorswim trading platform (available on desktop, web, and mobile), whereas Hugosway uses only Pro4 as its trading platform and does not offer MT4/MT5.
As TD Ameritrade is licensed in the USA, it can accept US clients but cannot offer CFD trading to them due to regulatory restrictions. In contrast, Hugosway, being an unregulated offshore broker, can onboard clients from anywhere in the world, including the USA, and offers CFD trading services with high leverage. Therefore, if you are a US trader seeking a highly trusted multi-asset broker, you might choose TD Ameritrade. However, if you are looking to trade CFDs with high leverage, you may prefer Hugosway.
Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital. Moreover, trading with unregulated brokers puts your funds at higher risks
