Hugo Trading Review How Legit is Hugostrading.com

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Hugo Trading Review: How Legit is Hugostrading.com?

Hugos Trading Review: Information is power. How much power do you have? Is hugostrading.com legit? Read and find out the result of our investigation.

Hugostrading.com is the website of a offshore Forex brokerage that is registered in Saint Vincent and the Grenadines and owned by Prime Technologies Ltd. They claim t offer traders a bitcoin-based platform to trade in foreign exchange, stock indexes, cryptocurrencies and other commodities.

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What Hugos Trading Say They Have to Offer

Hugos Trading Withdrawal and Deposit Methods and Fees

We are unable to find sufficient information on Hugos Trading withdrawal fees. The only thing we found was that, their method of payment is very limited. Bitcoin was the only medium we saw in this brokerage’s web site. Its minimum deposit is $300.

Pertaining to their terms and condition, there is a certain requirement which must be met for traders before they can be eligible to withdraw their bonus promotion.

We were unable to discover more in relation to this.

Hugos Trading Trading Software

Hugos Trading does not offer the popular MetaTrader 4 trading platform but a web-based platform. We consider this a deficiency and find it too risky to traders. This is because believe that this brokerage can not properly secure your funds. Thier lack of SSL encryption is a cuse for serious concern.

Is Hugos Trading Licensed?

During our investigation, we discovered that hugostrading.com is not licensed. furthermore, we discovered that Hugos Trading has never been regulated nor licensed by the proper authorities. Their website does not show any copy of legitimate papers or documents. No license and no registration details.

Also, we found out that Saint Vincent and the Grenadines are well known locations for scammers.

Conclusion

As a result of our investigation, we declare that Hugos Trading is a scam and potential traders should beware. Not only are their background information and contact details lacking, they not licensed. If this risk is taken, we advise that traders should invest only the brokerage’s minimum deposit to avoid sad tales.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website

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Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.

Hugo Trading Review: How Legit is Hugostrading.com?

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