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Hugo’s Way vs Superforex

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

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

1.5	2.6
Hugo's Way is ranked #91 among CFD brokers.	SuperForex is ranked #77 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.	Established in 2013, SuperForex is an offshore CFD and forex broker offering highly leveraged trades on 400+ instruments via the popular MetaTrader 4 platform. The broker has gained clients in over 150 countries and is regulated by the Belize IFSC. With a range of STP/ECN account types, including swap-free, micro and zero spread, this broker continues to suit traders with different styles and setups. SuperForex also offers a range of welcome bonuses and trading contests.
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	SuperForex is accessible for beginners, with minimum deposits from $1, a choice of fixed or variable spreads, and access to copy trading You can get free access to the Pattern Graphix expert advisor software for MT4, a price pattern analysis tool which can help you save time Various accessible payment methods are supported, including crypto, with zero fees and fast processing times SuperForex offers an auto-reset balance program, which prevents trading accounts from dropping below zero There’s a good range of STP and ECN account types to choose from, as well as crypto and cent accounts The broker offers an impressive range of 12+ account base currencies covering multiple global regions Traders can receive 5% annual interest on their account equity - a great way to earn passive income There’s a decent range of educational resources including video tutorials, guides and seminars
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	The Belize IFSC is not considered a top-tier regulatory provider, so clients may receive fewer financial safeguards The 0.5-pip minimum spreads in the standard ECN accounts are not as tight as some of the cheapest ECN brokers, such as Pepperstone
Awards
	Best Cryptocurrency broker LATAM 2022 – Global Business Magazine The Best Withdrawal Options Africa 2022 – World Financial Award Best ECN Broker in Africa 2021 – Global Business Magazine Best ECN Broker in Africa 2021 – International Business Magazine Best New ECN Broker in Africa 2020 - Global Brands Magazine
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
CFDs, Forex, Stocks, Cryptos, Futures, Commodities	CFDs, Forex, Stocks, Cryptos, Commodities
Bonus
	50% Welcome Deposit Bonus
Demo Account
Yes	Yes
Minimum Deposit
$10	$1
Payment Methods
Credit Cards Mastercard Visa Wire Transfer	Credit Cards FasaPay Mastercard Neteller Perfect Money Skrill STICPAY Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
	IFSC
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	No
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	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	The Forex Copy system provides access to a huge network of experienced traders with strategies that can be mirrored in a few clicks. You only need $10 to get started with the copy trading solution.
Social Trading
No	Yes
VPS Hosting
No	No
Tournaments
No	Yes
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	Yes
Account Currencies
	USD EUR GBP CAD AUD INR JPY ZAR MYR IDR CHF HKD SGD RUB PLN AED BRL THB VND KRW KES CNY
Commodities
Natural Gas Gold	Gold Oil Silver Platinum Aluminium Palladium Zinc
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.	SuperForex offers CFDs on a good range of assets, though it only really shines when it comes to forex, thanks to its very diverse list. On the other hand, the significant leverage available on most assets increases profit potential, though traders will need to watch out for spreads, which compare poorly to some competitors.
Leverage
1:500	1:2000
FTSE Spread
0.77	6.0 (standard account)
GBPUSD Spread<
1.2	2.5 (standard account)
Oil Spread
0.87	5.0 (standard account)
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.	With 100+ currency pairs including all majors plus many minors and exotics tradeable on the MT4 platform with 1:2000 leverage, SuperForex lives up to its name as a great choice for forex traders. The ForexCopy system is also useful for newer traders.
Assets
55	100+
GBPUSD Spread
1.2	2.5 (standard account)
EURUSD Spread
0.5	2.0 (standard account)
EURGBP Spread
0.4	2.5 (standard account)
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.	SuperForex offers cryptocurrency CFDs on 11 popular tokens including Bitcoin, Dash, Solana and Polkadot. 1:10 leverage is available for crypto assets and although this is a fairly limited selection of digital assets, it covers the most important tokens.
Spread
Variable	Floating or fixed
Coins
BTC BCH BIT DASH DOGE EDO EOS ETH QTUM ETP IOTA USDT LTC NEO OMG ETC SAN TRX XMR IOST XRP ZEC	BTC ETH LTC ZEC DASH BCH XMR NEO EOS
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Hugo’s Way	SuperForex
Review	Review
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