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Hugo's Way fees
Cost is where brokers in the same regulatory bracket actually differ. The full fee record for Hugo's Way, from the database.
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 where brokers in the same regulatory bracket actually differ.
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
What is the EUR/USD spread at Hugo's Way?
Hugo's Way records an average EUR/USD spread of approx. 0.4 pips on a variable pricing model.
Does Hugo's Way charge commission?
Hugo's Way's commission is $5 per lot. A commission account usually pairs with a tighter spread, so the two have to be read together.
Does Hugo's Way charge an inactivity fee?
Hugo's Way's inactivity fee is recorded as $10.