Hugos Way Journal
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Hugos Way |
- Full listing profile: Hugos Way broker profile
Is Hugos Way safe?
- Investor protection: no
- Regulation: not regulated
- Registration: FSA SVG
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: no
Is Hugos Way trusted?
- Information transparency: sufficient
- Customer service: prompt, helpful
- Hugos Way website: highly detailed, updated
- Hugos Way popularity (by visitor count): top visited
How Hugo’s Way works
Trade with a True STP Broker
Hugo’s Way offers a new level of trading and is able to offer market-leading pricing and trading conditions through the MT4 platform by providing clients with true ECN connectivity
Hugo’s Way is able to offer market-leading pricing and trading conditions through the MT4 platform by providing clients with true ECN connectivity.
With liquidity from over 50 different banks and dark pool liquidity sources Hugo’s Way ECN account was built for day traders, scalpers and expert advisors.
STP Execution Hugo’s Way practices the STP (Straight Through Processing) execution, model. What this means is that whenever a Hugo’s Way client executes a trade, there will be no dealing desk manipulation, nor any re-quotes, ever. This also eliminates the possibility of any conflicts of interest. Each and every trade is processed via the Hugo’s Way aggregator, which guarantees the very best rates on your trades, as these are pulled from a pool of top-tier liquidity financial institutions.
4.7 CROSS TRADE CONSENT.
Customer hereby acknowledges and agrees that Hugo’s Way may act as the counterparty to Customer for any trade entered for the undersigned’s Account.
Prices from Hugo’s Way are independent of prices found elsewhere. Customers acknowledge that the prices reported by Hugo’s Way for buying and selling are independent and can differ from the prices displayed elsewhere or from other liquidity providers in the interbank changes in liquidity from interbank to Hugo’s Way, an unbalanced position or exposure at Hugo’s Way, or differing expectations of price movements. Hugo’s Way expects that in most cases the prices provided to its Customers will be in line with the general interbank market but does not warrant or imply that this will always be the case.
Although there may be instances when the aggregate OTC market enters a “Fast Market” situation or periods where liquidity is in short or no supply, it is important to note that prices, bid/ask spreads and liquidity will reflect the prevailing interbank market liquidity for Hugo’s Way.
When liquidity decreases, Customers can expect, at the minimum, to have wider bid to ask spreads as the supply of available bid/ask prices, outstrips the demand.
Hugo’s Way cannot and does not guarantee its prices in times of extraordinary market volatility.
There is No Guarantee that Hugo’s Way will be able to execute stop-loss orders, limit orders or OCO Orders at the Customer Entered Price. Customer acknowledges and agrees that there may be market, liquidity or other conditions that will prevent Hugo’s Way from executing Customers specific Stop Loss Orders, Limit Orders or OCO Orders at the Customer designated price. In some cases, the orders will be executed at prices that are less favourable to the price entered and desired by the Customer. The Customer acknowledges and agrees that they are still responsible for trades executed at levels different from their orders and that Hugo’s Way is not liable for failure to do so.