Hope Area Review is Hopearea.com a Scam or Legit Broker

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Hugo’s Way Review

Hugosway

Reason to avoid: Offshore license

Listed Date: February 12, 2020

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Hugo’s Way is a Non-Regulated broker. It is NOT SAFE to trade. so Beware

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Hugosway Review present by 55brokers and other brokers reviews, Before signing an account you should always check on broker reliability and compare its trading offering.

What’s Hugosway broker?

  • Company name: Hugo’s Way Limited
  • Registration/license: Seychelles

Is Hugo’s Way a scam or legit broker?

No, Hugo’s Way broker is not safe to trade with it . Hugo’s Way is own by Hugo’s Way Limited which is an offshore company registered in Seychelles.

Seychelles is notorious for its easy process of financial or investment firm establishment, through a very low list of requirements, small budgets and what is more crucial with no strict overseeing of the brokers’ operation or history. Therefore, it became an offshore zone for shady forex brokers such as FXLinked, UKFinvest and more.

Hugo’s Way offers forex currency pairs, indices, commodities and stocks and also cryptocurrency trading. It claims to offer a new level of trading and is able to offer market-leading pricing and trading conditions.

According to the broker’s website, the company is going through the process of applying for a license, however, for now, it remains unregulated. As proof, the website states that Hugo’s Way is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.

We advise all investors and traders to avoid Hugo’s Way and other brokers from Seychelles. Generally, all the traders are advised to avoid unregulated/offshore brokers as there is a huge risk of losing money with such firms. Instead, choose those that are regulated with reliable regulator agencies. Traders should invest with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as etoro and plus500.

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55brokers.com for Forex Broker Reviews

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One response to “Hugosway”

Been with Hugos for around a year, the only positive point I could find is their support. Very reponsive, they have weird opening hours if you trade WTI and some commodities, stupid high spread but that didn’t bother me that much since I do swing trades. You will get a ”market closed” or ”invalid” when theres a lot of volatility in the markets which makes you unable to place trades.

I used BTC to fund my account because it didn’t require any KYC (I like BTC because of its privacy aspect) When I asked a withdrawal because I am leaving their broker they made me take a selfie of me while holding an ID while holding a piece of paper where I had instructions of putting date/withdrawal amount/signature, they tell you it’s for ”safety purpose” Keep in mind that the only info they had was my name and phone number, for me this is total bullshit (I had an authenticator and been using the same IP/IPS since the opening of this account a year ago)

They don’t know how to do business, if a customer wants to leave just give him his money, because of this I will not recommend this broker to any of my friends+ will tell my close people to move over to vantagefx because they now offer BTC funding/withdrawal, better spread, more instruments..everything better basically except if you’re a 100+ lot trader. I will take 2 hours of my time posting this comment on every possible review website.

If you read this hugosway, consider paying your customer the respect they deserve, reputation is everything in this game. Imagine how much customers will look for another broker after reading this comment, a unhappy customer can have a huge effect these days with all the medias and shit.

Anonymous Traders Review – Scam or Legit System?

Welcome to my Anonymous Trader review! This is a brand new binary options system that’s literally just launched & it’s created quite a stir.

The system claims that it’s been setup by a group of anonymous traders who’ve hacked binary options. They claim that their system is the answer to making money from binary options and that it’s users will be able to see profits of thousands of dollars per day.

The concept is certainly pretty crazy, and the claims are most definitely bold, so I’m here today to find out the truth about this system & to discover whether or not it actually works. You’ll be glad to know that I’m not an affiliate of this system so what you’ll be getting here is a completely honest, unbiased review.

So what’s it all about?

Well as I briefly mentioned above, this system has apparently been created by a group of hackers who’ve supposedly figured out a way to ‘force profits’ from binary options trades. To be honest this concept makes me a little wary because I’m not totally sure I am confident in sharing my details with hackers, nor am I confident that this system will be legal to participate in.

The video is presented by a masked man who goes on to tell you that they’re looking for participants to use the system to test that it works on a mass scale. The guy in the video claims that the system is ‘100% legal’, however in the next breath he mentions that the money will be anonymously deposited into your bank account… That doesn’t sound very above board to me! If it was legal, why would this group be ‘anonymous’?

Does it actually work?

I went ahead & entered my name & email to find out more about this system. After doing so I was taken to another page with another video that said my identity was verified & that my account had been authenticated. I don’t understand the whole identity verification bit, I thought this was supposed to be anonymous!

The video then went on to tell you that the group of anonymous traders are here to protect you from scams & help you finally make money online with binary options. Unfortunately despite their attempt at reassuring me, I quickly realized that this system is no different to any of the other binary options systems that have came before it.

Right from the off my advice to you is to avoid this system , and I’ll explain why below.

After initially entering your name & email address into the main page of this website you’ll then be taken to another page where you’ll be asked to sign up with a broker & deposit funds. This is a mandatory step in order to gain access to the system & they require you to deposit at least $250.

The second you sign up and deposit your funds a representative from the broker will call you and ask you to deposit even more. They are very persistent and will do/say anything to try & get you to put forward as much money as you can. Whatever you do, don’t, because any money you deposit into this system you’ll only end up losing.

This system is nothing but hype, it talks the talk but doesn’t walk the walk. Unfortunately though you’re only left to find out that the system doesn’t work as promised after you’ve gone ahead & deposited your funds. If you think you’ll be able to get a refund then think again, because the brokers make this extremely difficult & if you took up the free bonus offer during the signup process then you’ve got no chance .

I carried out a lot of research into this system and I’ve found an awful lot of real user reviews who have been reporting major losses from this system. One of the worst cases I heard was a guy who had reportedly lost over $2,000 because he was encouraged by the broker to deposit even more during the signup process.

Make sure you don’t make the same mistake!

Here’s how it really works…

It turns out that this system hasn’t actually been setup by a trader, or group of anonymous traders at all. Instead it’s actually an internet marketer who’s behind the creation of this system.

This marketer has agreed a deal with the brokers & he/she gets paid a large commission for every person he/she gets to sign up & deposit funds. This system is therefore simply just built upon false promises to try & get people to deposit funds so that the creator can earn commissions.

As I mentioned above you’ll only be left to find out that the system doesn’t work as promised after you’ve deposited, but by this point it’s too late. The creator has already made his/her commission and you’ve already lost your money. My advice would be to simply avoid this system altogether and not to get drawn in by the hype.

Sadly a lot of people have been sucked in already and no doubt the creator is making an absolute fortune but in reality it’s nothing but another addition to a long line of binary options scams.

Binary option trading is risky at the best of times but systems like these just make things even worse. Out of the hundreds of thousands of people across the world who trade binary options, very few actually make a profit. Those that do make it look really easy but believe me it takes ridiculous amounts of work & countless hours spent behind a PC monitoring data.

There never has, and never will be a system that can automate this process to a point where it can guarantee profits. It’s literally impossible…

If you’re considering binary options as a means of generating an income online then you need to erase that thought before you end up losing an awful lot of money. Binary options trading is OK for a bit for a fun but it’s far too risky to be relied upon for an income.

I hope you found my review useful, and I hope it helped you save some money.

If however you happen to be reading this after depositing into this system then I’d really appreciate it if you could take a moment to share your experience below to help others who are also considering doing the same thing. Thanks!

Exness Review – Is this Forex broker scam or legit?

My personal experience with Exness

I would like to base this review on my personal experience of trading with Exness. I want to share my experience with you.

Finding a legitimate forex broker is not a big issue as there are many trusted brokers in this industry, but finding one that suits your trading strategy best, can be a difficult task. You can read all the reviews you want, about a broker; it simply can’t tell you everything that you need to know.

I have joined several forex brokers, some of them are the biggest brands in this industry; and off course, I did my research before opening accounts with them. With every broker, I found something to be missing. I use different strategies in trading; one requires tight spreads, another one works only with 1:1000 or more leverage [using too much leverage can wipeout your whole account, but if you have a good strategy, you can use it to squeeze maximum profit from a trade while risking only small amount of money.] Anyway, my point is that I need certain features to use each of my trading strategies; for instance, I need fast-trade-execution for one of my scalping trading strategies.

After trying several brokers, I finally tried Exness and I am glad to have found this broker as it offers everything that I need. Following is a list of features I was looking for in a forex broker:

  1. Tight spread
  2. ECN account
  3. High leverage
  4. Supports multiple deposit/withdrawal options including Skrill
  5. Does not disallow any trading strategies
  6. Fast trade execution
  7. Good client area
  8. Fast withdrawal process
  9. Small fee
  10. Offer different types of accounts
  11. Customer Service/Support

Tight Spreads

Exness is offering fairly tight spreads in all types of accounts. I wouldn’t call these spreads the best, but they are better than what many other brokers are offering. I would give Exness 8/10 for the spreads it offers.

ECN account

The ECN account at Exness is very good. The max leverage is 1:200. Spreads are very good. Exness deduct small commission on each trade. This account is very good for using scalping strategies. 9/10

High leverage

Official MAX leverage advertised at Exness is 1:Unlimited, but this there are certain conditions to meet if you want to use it. The feasible option is to choose 1:1000 if you have a strategy that requires using such high leverage! 10/10

Deposit/withdrawal options

Exness currently supports eight different methods [including Skrill, formerly MoneyBookers] for depositing and withdrawing funds. These include WebMoney, Wire Transfer, CASHU, Excard, NETELLER, and more… 10/10

Trading Strategies

As far as I know, Exness does not block the use of any legitimate strategies. 10/10

Fast Trade Execution

One of the reasons why I left several forex brokers is slow trade execution in their trading platform. If you are using a scalping or any other similar strategy, then you need fast trade execution. Exness trade execution is very good; it is much faster than many brokers I used. 9/10

Client Area

Out of all forex brokers I have used, Exness has the best features in client area. You can easily create multiple trading accounts, change leverage for any account, request withdrawal, and there are many other features! 10/10

Withdrawal

Exness is one of few forex brokers who offer Instant-Withdrawal options. You can receive funds in seconds, literally! Exness processes most withdrawal requests automatically. 10/10

Fee

Exness charges small fee, or commission, on trades you execute in an ECN account. Their fee is much smaller than what many other brokers are charging. 10/10

Account types

Exness is offering several different types of accounts. Each account has a different set of specifications. 10/10

Customer Support

Exness provide 24/7 support. Their live-chat representatives are very helpful. 10/10

As you can see, Exness has everything that I was looking for in a broker. It took me a while to find the perfect broker for myself, but I am glad I finally found one, namely Exness. However, it doesn’t mean that this broker is perfect for everybody; perhaps another broker will suit all your needs. It depends on what your trading strategies are and what features you are looking for in a forex broker.

My overall score for Exness is 9/10 .

Before joining any forex broker, do a thorough research; find the broker that is offering best trading conditions that suit your trading style/strategies.

There are some other features that you may find interesting; for instance, Exness, like many other brokers, is offering trading contests from time to time.

Scam or Legitimate?

You should not worry about the legitimacy of Exness. This forex broker is 100% legitimate; they can’t get more legit then this! I mean, Exness is a legit forex broker who will always pay you your own money as well as the profits you make. You should not worry about Exness scamming you as that is not even remotely possible. It is a trusted and registered forex broker.

Update: I forgot to mention the online reputation Exness have. ForexPeaceArmy is a website that I trust. If you are worried about the legitimacy of a Forex broker, then head straight to FPA. I am not asking you to blindly trust all reviews at FPA; however, they can hugely help you in your online research. Below is a screenshot of current rating of Exness at FPA:

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