Compare forex brokers Forex Club VS Hugofx

If you're choosing between Forex Club and Hugofx forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is Forex Club better than Hugofx? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

FOREX CLUB VS HUGOFX

Forex Club
Forex Club Overview

Forex Club is an online Forex and CFD broker founded in Russia in 1997. It is a conglomerate of companies under Forex Club international Ltd, founded as a financial investment firm. One of the sister companies, which we have reviewed before include Libertex, the CySEC regulated arm.

HugoFX
HugoFX Overview

HugoFX, sometimes also referred to as Hugo’s Way FX, is a relatively new forex & CFD broker registered in the Seychelles in 2017. Although the Seychelles generally regulates forex brokers through the Seychelles Financial Services Authority (SFSA), Hugo FX is one of many unregulated forex brokers that operate out of the country in what appears to be a regulatory grey area. Hugo’s Way is a new competitor in the social trading sphere. The space is fairly crowded with services like MyFxBook’s Autotrade, Zulutrade and eToro. That being said, Hugo’s way is still in “beta” - the company is not fully operational and we will have to update this review in the future.

# Broker's Features FOREX CLUB Availability HUGOFX Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare Forex Club vs Hugofx.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Forex Club offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Cryptocurrency, Futures, while Hugofx offers Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities, Cryptocurrencycurrency.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. Forex Club is Market Maker, while Hugofx is ECN, STP.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Forex Club is regulated by Not regulated, while Hugofx regulated by Not regulated. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Languages Available: Next lets have a look at each broker's different Language options. Forex Club offers Chinese, English, Indonesian, Russian, Spanish, while Hugofx offers Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. Forex Club offers Credit/Debit Cards, QIWI, Webmoney, Bank Wire Transfer, Yandex.Money different payment methods for each account types, while Hugofx offers Credit/Debit Cards, Bitcoin, Bank Transfer payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Forex Club makes MT5, Proprietary available to clients, while Hugofx offers MT4, Web-trader.

The Verdict: Forex Club or Hugofx?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Hugofx is more reliable based on our criteria above. Hugofx has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. As Hugofx offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

Are you Satisfied with what They Offer?