Want to Trade with Hugo’ s Way? Read This First!
Hugo’s Way is an example of a broker that looks terrific up front but still should be avoided. It offers a wide range of trading products, the MetaTrader 4 platform and can give visitors a feeling of security by emphasizing that it segregates funds and offers risk management. However, when looking closer at licensing information, we found that Hugo’s Way has a license from St. Vincent and the Grenadines. This is a low-tier license that is not real regulation.
Is Hugo’ s Way a Scam or Legitimate?
So does it matter that Hugo’s Way doesn’t have a terrific license? Yes, because regulation is the most important factor when choosing a broker. Any one can create a beautiful website or claim that they offer risk management or segregated funds. St. Vincent and the Grenadines provides licenses to almost any broker and does not follow through with inspections or customer service.
We Found Problems with Hugo’ s Way:
- Third rate license
- No transparency
- No contact information
- Negative reviews
What You Should Do If You Have an Account with Hugo’ s Way?
If you hold an account with Hugo’s Way we urge you to close it and demand a withdrawal of your funds right away. If you do not receive your money, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!