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Hugo’s Way vs LonghornFX

Hugo’s Way or LonghornFX – which is better for UK traders 2024? Compare Hugo’s Way and LonghornFX in this detailed breakdown of their platforms, features and fees.

Hugo's Way vs LonghornFX Comparison Table 2024
Hugo’s Way	LonghornFX

1.5	3
Hugo's Way is ranked #91 among CFD brokers.	LonghornFX is ranked #56 among CFD brokers.
Review	Review
Hugo's Way is a true ECN brokerage, offering 160+ assets on the MT4 platform. Traders benefit from a low $10 minimum deposit requirement, 24/7 customer support and generous leverage up to 1:500. Hugo's Way is an unregulated broker based offshore in St. Vincent and the Grenadines.	LonghornFX is a forex and CFD broker offering over 150 instruments with leverage up to 1:500. The firm is registered in Saint Vincent and the Grenadines and was launched in 2020. Clients can access a strong selection of cryptos, alongside forex, indices, commodities and stocks. With ECN/STP processing, this offshore broker promises tight spreads and fast execution.
Pros
I was glad to see the MT4 platform with flexible desktop, web and mobile access, plus an unlimited demo account for those who want to practice strategies continuously Experienced traders will appreciate the generous leverage up to 1:500 with no trading restrictions on strategies I'm pleased with the low minimum deposit requirement of $10 (equivalent in BTC), which ideal for novice investors or those on a budget I'm a fan of the 24/7 live chat alongside an email address and FAQ help section to help new traders get started quickly	LonghornFX supports traders with 24/7 assistance that was fast and helpful during testing, plus an extensive Academy featuring 1,650+ market analysis articles, 10 educational pieces, and 4 video guides. Traders willing to forego certain regulatory protections can access high leverage up to 1:500, amplifying both profits and losses on forex, stocks, indices and cryptos. LonghornFX stands out by offering an unlimited demo account and virtual bankroll, allowing aspiring traders to test and refine strategies before risking real funds.
Cons
I would urge traders to be cautious since Hugo's Way is an unregulated brand, registered offshore in the Seychelles I find the overall market offering is very uncompetitive compared to other brands, with only 160+ assets on offer There are also no additional trading tools such as VPS or copy trading for those looking to broaden their trading experience It's a shame that deposits can only be made via Bitcoin or credit/debit card with higher minimum deposit requirements for using card	LonghornFX hasn't earned the reputation and regulatory credentials of DayTrading.com’s most trusted trading platforms, increasing the risk to your funds in the event of disputes or broker insolvency. Despite reasonable daily market analysis, LonghornFX still lacks the webinars, live trading sessions and comprehensive research provided by best-in-class brokers, which could help inform trading decisions. The less than 200 instruments seriously limits potential trading opportunities, with an especially weak selection of stocks that falls way behind the 12,000+ shares at IG.
Awards
	Best Newcomer Broker - 2020 Best New Forex Broker - 2020
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
CFDs, Forex, Stocks, Cryptos, Futures, Commodities	CFDs, Forex, Stocks, Indices, Commodities, Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$10	$0
Payment Methods
Credit Cards Mastercard Visa Wire Transfer	Credit Cards Debit Card Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Mobile Apps
iOS & Android	iOS & Android
iOS App Rating

Android App Rating

Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
Yes	Yes
ECN Account
Yes	Yes
DMA Account
No	Yes
MAM Account
No	No
PAMM Account
No	No
LAMM Account
Yes	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	Yes
Account Currencies
	USD EUR GBP
Commodities
Natural Gas Gold	Oil Gold Silver Natural Gas Palladium Platinum
CFD
My tests found 200+ CFDs across six asset classes such as forex, crypto and stocks with leverage up to 1:500. The broker has a low minimum deposit requirement of $10 so new and budget-conscious CFD traders can get started easily.	Trade a decent range of markets via CFDs, with commissions of $6 per lot. There is also a reasonable $10 minimum deposit and 24/7 customer support for new traders.
Leverage
1:500	1:500
FTSE Spread
0.77	7.7
GBPUSD Spread<
1.2	1.4
Oil Spread
0.87	0.8
Stocks Spread
	Variable
Forex
Hugo's Way offers a good selection of 50+ major, minor and crosses with leverage up to 1:500 on the MT4 terminal. I was glad to see micro lot (0.01) trading available, as well as hedging, scalping and news trading strategies.	Go long or short on over 50 currency pairs with spreads from 0.6 pips on EUR/USD. Traders can access interactive tools on the forex industry’s most popular software, MetaTrader 4, with customizable charts, one-click trading and Expert Advisors (EAs) for algo trading.
Assets
55	55+
GBPUSD Spread
1.2	1.4
EURUSD Spread
0.5	0.6
EURGBP Spread
0.4	1.5
Cryptocurrency
I was impressed with the 35 crypto pairs on offer 24/7 on the MT4 terminal. Some of my favorites are available including BCH/BTC, ETH/BTC and BTC/USD with leverage up to 1:100. Traders also benefit from Bitcoin deposit options, though this might feel restricting for some.	An impressive selection of 35 crypto pairs are on offer, including BTC/USD and DOGE/USD. There is also high leverage up to 1:100 for experienced crypto traders, which is more than you will find at most competitors.
Spread
Variable	Variable
Coins
BTC BCH BIT DASH DOGE EDO EOS ETH QTUM ETP IOTA USDT LTC NEO OMG ETC SAN TRX XMR IOST XRP ZEC	BTC DASH ETH LTC BCH XRP NEO IOTA
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Hugo’s Way	LonghornFX
Review	Review
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