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Hugo's Way regulation and how it scores
Regulation carries the heaviest weight in the score, which is why it is scored first. Here is Hugo's Way's licensing and the protections behind it.
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
Regulation carries the heaviest weight in the score, which is why it is scored first.
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
Is Hugo's Way tier-one regulated?
Hugo's Way's strongest licence is recorded as Unregulated.
Who regulates Hugo's Way?
Hugo's Way is regulated by Unregulated.
Does Hugo's Way offer negative balance protection?
Negative balance protection at Hugo's Way is recorded as: No.