# Hugo's Way Trading & ECN Details

## ECN Execution

Hugo's Way is a true ECN (Electronic Communication Network) broker providing direct market access with institutional-grade liquidity from over 50 banks and dark pool liquidity sources.

### ECN Advantages

- Market-leading pricing through true ECN connectivity
- Lightning-fast execution (ideal for scalping and high-frequency trading)
- Tight spreads starting from 0.0 pips
- No dealing desk intervention (NDD) - pure STP execution
- No requotes - orders filled at market price
- Ideal for day traders, scalpers, and expert advisors (EAs/trading bots)
- No trading restrictions - scalp, hedge, and news trade freely

### Why Choose ECN Over Market Makers?

| ECN (Hugo's Way) | Market Maker |
|------------------|--------------|
| Direct market access | Broker is counterparty |
| No conflict of interest | Broker profits from your losses |
| Variable tight spreads | Fixed wider spreads |
| Transparent pricing | Markup hidden in spread |
| Fast execution | Potential requotes |

## Trading Instruments

Hugo's Way offers trading on multiple asset classes:

### Forex (55 Currency Pairs)
- **FX Majors**: EUR/USD, GBP/USD, USD/JPY, etc.
- **FX Crosses**: EUR/GBP, GBP/JPY, etc.
- **FX Exotics**: USD/ZAR, EUR/TRY, etc.

### Cryptocurrencies (38 Pairs)
- Bitcoin, Ethereum, and other major cryptocurrencies
- 24/7 trading available
- Leverage up to 1:100

### Stocks (73 Instruments)
- Major US and international stocks

### Other Instruments
- **Indices**: Major global indices
- **Metals**: Gold, Silver, etc.
- **Energies**: Oil, Natural Gas, etc.
- **Futures**: Various futures contracts

## Trading Conditions

| Feature | Details |
|---------|---------|
| Minimum Deposit | $10 (general), $50 (crypto) |
| Leverage - Forex | Up to 1:500 |
| Leverage - Crypto | Up to 1:100 |
| Minimum Lot | 0.01 (micro lots) |
| Maximum Lot | Up to 1000 lots |
| Commission | $5 per lot |
| Margin Call | 100% |
| Stop Out | 70% |

## Allowed Trading Strategies

Unlike many regulated brokers, Hugo's Way places no restrictions on trading styles:

- **Hedging**: Fully allowed - open opposing positions on the same pair
- **Scalping**: Fully allowed - no minimum hold time, scalp freely
- **News Trading**: Fully allowed - trade NFP, FOMC, and all economic events
- **Expert Advisors (EAs/Bots)**: Fully allowed - run automated strategies 24/7
- **High-Frequency Trading (HFT)**: Allowed - fast execution supports rapid trading
- **Multiple Positions**: Open as many positions as margin allows
- **Long and Short Positions**: Go long or short on any instrument
- **Martingale/Grid Trading**: No restrictions on position sizing strategies
- **Copy Trading**: Compatible with copy trading services

### No Pattern Day Trading (PDT) Rule

Unlike US-regulated brokers, Hugo's Way has no PDT rule. You can day trade freely regardless of account size - no $25,000 minimum requirement.

## Account Types

Hugo's Way offers standard ECN accounts. Islamic (swap-free) accounts are available upon request.

## Trading Platforms

### PRO4 Desktop Platform
- Available for Windows, iOS, and Android
- Custom password setup available
- One-click trading
- Advanced charting
- Expert Advisor support

### WebTrader
- Browser-based platform at https://trade.hugosway.com
- No download required
- Access from any device
- See [WebTrader Guide](/llms/webtrader.md) for full documentation

## Market Hours

Trading hours vary by instrument. Forex markets are open 24/5 (Sunday evening to Friday evening). Cryptocurrency markets are open 24/7.
