Paul22 Sanchez#62

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Is HugosWay a legit broker or a scam?

HugosWay is an offshore forex and CFD broker, incorporated in St. Vincent and the Grenadines (SVG). The company operates through https://hugosway.com and has been active since around 2017. Unlike regulated brokers such as IC Markets or FXPro, HugosWay is not licensed by any top-tier authority like the FCA, ASIC, or CySEC. This means HugosWay can offer features such as 1:500 leverage, crypto deposits, and unrestricted account structures, but it also means there is no external regulator monitoring client fund safety. As such, HugosWay is popular among high-leverage traders and crypto enthusiasts but carries higher risk compared with regulated brokers.