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Hugos Way
Operating status: SCAM
Website: https://www.hugosway.com/
Broker violations and abnormal records
According to its website, it is located in Cyprus. Upon investigation, no matching information was found in the Cyprus Securities and Exchange Commission (CySEC).
In essence, Hugo's Way is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Hugo's Way appears to be a scam.
According to its website, it is located in Cyprus. Upon investigation, no matching information was found in the Cyprus Securities and Exchange Commission (CySEC). In essence, Hugo's Way is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Hugo's Way appears to be a scam.On Nov 7, 2025, the Seychelles Financial Services Authority (Seychelles FSA) issued a warning against Hugo's Way for the lack of the required authorization. https://fsaseychelles.sc/media-corner/regulatory-updates/warning-unauthorised-activity-under-the-virtual-asset-service-providers-act-2024-and-securities-act-2007-as-amended
On Nov 7, 2025, the Seychelles Financial Services Authority (Seychelles FSA) issued a warning against Hugo's Way for the lack of the required authorization. https://fsaseychelles.sc/media-corner/regulatory-updates/warning-unauthorised-activity-under-the-virtual-asset-service-providers-act-2024-and-securities-act-2007-as-amended
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