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Hugo's Way fees, after the safety questions
Cost is the last thing to weigh when the question is whether your money is safe, so this page comes after the regulation page and reads in that light.
Hugo's Way is not regulated by any financial authority. How Hugo's Way is regulated
Facts last checked . Read the full Hugo's Way review.
What it costs to trade
- Spread from
- 0.0 pips
- EUR/USD spread
- Approx. 0.4 pips
- GBP/USD spread
- Approx. 0.7 pips
- Commission
- $5 per lot
- All-in cost, EUR/USD
- Approx. 0.9 pips
- Spread type
- Variable
- Overnight swap
- Both: overnight swaps may be charged or credited
- Inactivity fee
- $10
- Deposit fee
- None internally
- Withdrawal fee
- None internally
- Currency conversion
- Conversion at applicable exchange rate
What this means
Cost is the last thing to weigh here, and never the thing that should decide it.
A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.
Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.
Hugo's Way lists a minimum deposit of $5. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.
Questions about Hugo's Way fees
Does Hugo's Way charge to deposit or withdraw?
Deposit fees at Hugo's Way: None internally. Withdrawal fees: None internally.
Does Hugo's Way charge an inactivity fee?
Hugo's Way's inactivity fee is recorded as $10.
What does Hugo's Way charge to hold a position overnight?
Overnight financing at Hugo's Way is recorded as both: overnight swaps may be charged or credited.