Reported Website: https://hugosway.com
HugoFx claims to be owned by Hugo’s Way Ltd, a company registered in Saint Vincent and the Grenadines, but we didn’t find any result in the registers of Saint Vincent and the Grenadines’ Financial Services Authority (SVG FSA). Besides, the SVG FSA has announced that it does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. So HugoFx is actually not regulated by any financial regulator.That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
