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Hugo's Way regulation
Across a hundred brokers, the licence is what separates the field fastest. Here is Hugo's Way's regulatory record in full.
Facts last checked . Read the full Hugo's Way review.
Regulation and safety
- Regulated by
- Unregulated
- Regulator tier
- Unregulated
- Register entry
- No financial-services regulator register
- Client money segregated
- Yes, internal segregated accounting
- Held at
- Not disclosed
- Negative balance protection
- No
- Compensation scheme
- None
- Audited by
- Not publicly disclosed
- Not available to
- United States and jurisdictions where distribution or use would be contrary to local law or regulation
What this means
Across a hundred brokers, the licence is what separates the field fastest.
Hugo's Way lists its regulation as Unregulated.
Client money is held separately from the firm's own money, at Not disclosed. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.
There is no negative balance protection. In a fast market a position can gap straight through your stop, and without this the resulting debt is legally yours - you can lose more than you deposited.
No compensation scheme covers this entity. If the firm fails owing you money there is no statutory fund to claim against, and what you get back depends entirely on what administrators recover.
Questions about Hugo's Way regulation
Who regulates Hugo's Way?
Hugo's Way is regulated by Unregulated.
Is client money segregated at Hugo's Way?
Yes. Hugo's Way holds client money separately from its own funds, at Not disclosed.
Does Hugo's Way offer negative balance protection?
Negative balance protection at Hugo's Way is recorded as: No.