Compare forex brokers JustForex VS Hugofx

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

JUSTFOREX VS HUGOFX

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.

JustForex
JustForex Overview

The JustForex brand operates from Belize and the islands of St. Vincent and Grenadines. Following its launch in 2012, JustForex continues to target traders globally. With offshore locations outside Europe, JustForex brings high-leverage, low spread FX brokerage services.

# Broker's Features JUSTFOREX 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 JustForex 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. JustForex offers Online Financial Trading and Investment Services Such as metals, Cryptocurrencycurrency, 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. JustForex is STP, ECN, 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. JustForex is regulated by IFSC, 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.

Account currencies: Next lets consider the Account currencies each broker offers. JustForex offers USD, EUR, MYR, IDR, THB, VND, KWD, CNY, USC different account currencies for each account types, while Hugofx offers account currencies.

Languages Available: Next lets have a look at each broker's different Language options. JustForex offers English, Indonesian, Malaysian, Chinese, Thai, Vie, while Hugofx offers Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. JustForex offers Visa/Mastercard, Skrill, Neteller, Bank Wire Transfer, Perfect Money, FasaPay, Local Malaysian Banks, Local Indonesian Banks 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, JustForex makes MT4 PC/iOS/Android, WebTrader available to clients, while Hugofx offers MT4, Web-trader.

The Verdict: JustForex 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, JustForex is more reliable based on our criteria above. JustForex offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. JustForex has a wider range of languages in which customer service is offered making the broker more accessible. Only JustForex provides training and education resources which is extremely critical to beginner traders who may not be familiar with most of what goes on in the Forex markets.

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.

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