Name of Broker: Hugo Fx
Warned By: Review Website
Address: St. Vincent and the Grenadines
Regulated By: Unregulated, Offshore
Overview of Hugo Fx Review 2022:
There might be a scammer latching on to you just as you read this sentence. With the latest technology, we often take the internet for granted and choose to look over the harmful effects of the internet. Scams have a common way of finding their victims. Some of them are – clicking on random links of emails, downloading attachments, participating in a random quiz that asks for your personal information, cold calls telling you about the benefits of opening an account with their brokerage firm.
Do you want to avoid these scams? If your answer to this question is yes, then read the Hugo Fx review and find out what you should look for in a broker before opening an account with them. If you find this Hugo Fx review 2022 useful, make sure to share it with your loved ones to save them from such scams as well.
About Hugo Fx
Hugo’s FX or Hugo’s Way is an offshore Forex broker, established in February 2017. There is no recorded contact number for this intermediary, but their client service email is firstname.lastname@example.org. Their official site is https://hugosway.com. For objections and withdrawal issues, read more.
HugoFX is operating from Beachmont Business Centre, Suite 65, Kingstown, St. Vincent, and the Grenadines. The broker’s email is email@example.com. Has an office in Mahe. It is prohibited to conduct business in South African countries, Japan, and Caribbean countries. It was founded in Aug.2017.
Deposit/withdrawal methods are cards (debit/credit), bank wire, Bitcoin, and VLoad.
They come up with all sorts of excuses not to return the money. Does not allow withdrawal, most reasons they mention is “paperwork” error. Many fake reviews are uploaded to enhance the trust level.
The leverage offered is very high at 1:500 no regulators allow such high leverage.
What all should you look for in Hugo Fx Review 2022?
Scams are deadly.
Having the potential to make someone go into a debt trap, the scammers lure their victims in with irresistible offers and discounts. In this segment, we will be telling our readers about a few important points that you must look for in a broker before opening an account with them. Remember, nobody has a right over your money.
Hugo Fx Review: Regulation
The regulation is one of the most significant checkpoints that one must look for while searching for a brokerage firm. With the increasing inflow of scammers in the market, the regulations set up barriers to ensure the scammers stay away from the market. For this, they introduced the licenses. To acquire a license, the broker must go through some tests. However, these tests are not as easy as they might sound. If a company does not have a license, it means it is UNAUTHORISED and not fit for trading. In our case, if Hugo Fx is unregulated, then this raises the first red flag against Hugo Fx in this Hugo Fx reviews 2022. Read More Scam Broker Reports 2022.
Hugo Fx Review: Minimum Deposit
The minimum deposit is generally asked in small amounts by the legitimate brokers as taking huge amounts as the minimum deposit is not advised by the regulations. However, the tradition of taking huge minimum deposits is common in scam brokers as their main aim is to steal as much money as they can from the trader before they get suspicious. The usual amount asked by the legitimate brokers lies in the range of $5 to $10. If Hugo Fx login asks for an amount more than the average, chances are that Hugo Fx is a scam.
Hugo Fx Review: Leverages
Leverage is yet another common checkpoint that one must look for while checking for a broker online. Due to their direct involvement with the risk, leverages are offered in small amounts. The leverage is even capped at 1:30 and 1:50 in the European countries and the USA respectively. If Hugo Fx offers leverage more than this, it is a sign that Hugo Fx is a potential scam.
Hugo Fx Review Conclusion: Is Hugo Fx scam or legit?
To sum up, all that has been said above, we give you the power to decide whether Hugo Fx is a scam or not. We request the readers to move forward with extreme caution. If you have been a victim of Hugo Fx scam or any other broker, do not feel embarrassed. File a complaint right now and get instant help from our team!
What is Chargeback?
A chargeback is the refund of a charge made by using different installment techniques like – credit card, wire move, and so on. It licenses you to get your assets back for fraudulent allegations.
If you are a victim of fraud, the question that concerns you is how to get your lost assets back? Chargeback is the answer for that. By using Chargeback services like Scam Victims Help, you can collect a cautious chargeback case to get your assets back as fast as could be possible.
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