Hugo's way

Hugo’s Way is a self-proclaimed ECN broker operating as an unregulated entity out of St. Vincent and the Grenadines. This broker is very opaque when it comes to the ownership structure or the date of its foundation. Some reports suggest Hugo’s Way started in 2017 in Seychelles, but independent verification was not possible. The FAQ section reveals the name of the registered business is Hugo’s Way LTD, but not even the business registration number is available. It does offer a maximum leverage of 1:500 from a minimum deposit of just $10, and with 35 cryptocurrency pairs, Hugo’s Way does maintain an excellent crypto selection for a non-crypto broker. This broker promises institutional grade liquidity with raw spreads from 0.0 pips, but any claims made should be considered carefully amid the lack of transparency and overall secrecy concerning its ownership.