Trading

What Account Types Do Hugo's Way Have?

All accounts are ECN/STP. This means all trades are sent straight to the Liquidity Provider. 

Mon, 13 Apr, 2020 at 12:00
Do You Provide Tax Statements or a 1099?

We support our customers in managing their tax requirements and affairs with a trading report from MetaTrader.

Please use the below steps to create this report to a customized time period as required:

1.) Within MetaTrader, click on "Account History".

2.) Right-click and choose the required time frame for the tax period or period of time that this report is needed for.

2.) Click on "Save as Detailed Report".

Please note that we are not licensed to give guidance on how to complete your tax forms. Also, we do not provide a 1099 tax form, and this must be obtained from your local tax office.

Mon, 10 Apr, 2023 at 12:00
Does Hugo's Way have Islamic accounts?

We do not at this time. We will be adding them in the future. Check back at a later stage for progress on this account type.

Mon, 19 Aug, 2019 at 12:00
Do you allow hedging, scalping and news trading?

Yes you are free to hedge, scalp and trade during news events.

Mon, 19 Aug, 2019 at 12:00
What is Hugo's Margin and stop out levels?

Our margin rules are the following: 

  • Margin Call - 100%
  • Stop Out level - 70%

You can find your Margin Level on your desktop or mobile MT4. Meaning, if you reach 100% you get a margin call and you are not able to open any trades. If you reach a margin level of 70% or below, A Stop Out will occur at which MT4 will start to close the client’s open positions one by one to prevent further losses that lead to negative balance (below 0 USD).Your biggest negative trades will be closed automatically to avoid running your account into negative balance.

Mon, 10 Apr, 2023 at 12:00
What are the trading fees on Hugo’s Way?

With Hugo's Way, you are charged $5 per lot traded. 

If you opt to trade with a smaller lot size, the commission fee will be adjusted based on the lot size selected.

For example, if you decide to place a trade with 0.5 lots, you would be charged $2.50.

Thu, 07 May, 2020 at 12:00
Is there a set amount for Swaps on all trades?

Every pair is different and you can check this by right-clicking on the pair and clicking on specifications. You can open a Demo Account if you do not have a Live MT4 account and have a look because the information would be identical.Open a Demo Account: https://hugosway.com/demo-sign-up/

Mon, 18 Nov, 2019 at 12:00
MAM Accounts on Hugo's Way

At this present moment in time, we do not offer support for MAM accounts.

Mon, 13 Apr, 2020 at 12:00
PAMM Accounts On Hugo's Way

At this present moment in time, we do not offer support for PAMM accounts.

Mon, 13 Apr, 2020 at 12:00
How Can I Transfer Between Wallets?
  1. Click on Internal Transfer
  2. Select Wallet to Wallet as Transfer Type
  3. Choose the account you need to send the funds from
  4. Choose the account you need to deposit into
  5. Enter the amount to transfer.
  6. Click Request Transfer 

Please note the funds must be available in your Hugo's Way Wallet before you can transfer it.

Tue, 04 Oct, 2022 at 12:00
« Previous
2Next »

Can't find what you're looking for?

Let us help you!