Blueberry Markets vs Hugo's Way 2025
In this review, we will compare Blueberry Markets and Hugo’s Way on their trading costs, platforms, and account types. Blueberry Markets offers competitive spreads and strong customer support, while Hugo’s Way provides higher leverage. Evidently, Blueberry Markets comes out on top here.

Written by Noam Korbl
Updated:
- 67 Forex Brokers reviewed by our expert team (See our top 10 picks)
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Regulations and Licenses




Brokerage







Markets and Instruments
Minor Pairs 20:1
*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.
Trading Platforms + Tools




















Overall
Our full comparison covers the 10 most important trading factors to help you make an informed decision between Blueberry Markets and Hugo’s Way.
- Blueberry Markets is regulated by ASIC, while Hugo’s Way is not regulated.
- Blueberry Markets charges a commission of $7 per lot; Hugo’s Way does not charge any commission.
- Hugo’s Way offers a wider range of trading instruments with 38+ cryptocurrency CFDs.
1. Lowest Spreads And Fees – Blueberry Markets
Blueberry Markets and Hugo’s Way offer competitive trading costs, but their approaches differ. Blueberry Markets provides RAW spreads starting 0.0 pips, ideal for high-volume traders seeking cost efficiency. Hugo’s Way counters with slightly wider RAW spreads starting at 0.1 pips but offers lower standard spreads for pairs like EUR/USD and USD/JPY. Blueberry Markets charges a $3.50 commission per lot, while Hugo’s way operates commission-free, appealing to traders prioritising simplicity. Both waive deposit fees, but Hugo’s Way imposes withdrawal and inactivity fees, which may deter some users. Overall, Blueberry Markets emphasises precision, while Hugo’s Way focuses on affordability.
Spreads
Spreads are a crucial cost factor for traders, directly impacting profitability. Blueberry Markets offers RAW spreads starting at 0.0 pips, ideal for high-volume traders focusing on cost efficiency. Standard spreads for EUR/USD are competitive at 1.2 pips. Hugo’s Way counters with slightly wider RAW spreads starting at 0.1 pips but has an advantage in standard spreads for pairs like EUR/USD at 0.9 pips. However, Hugo’s Way falls short with wider spreads on pairs like GBP/USD and AUD/USD. Both demonstrate competitiveness in this area, but Blueberry Markets’ tighter RAW spreads make it the more appealing choice for precision-focused trading.
RAW Account | Blueberry Markets Spreads | Hugo’s Way Spreads | Industry Spreads |
---|---|---|---|
Overall Average | 0.6 | 0.72 | |
EUR/USD | 0.1 | 0.28 | |
USD/JPY | 0.3 | 0.44 | |
GBP/USD | 0.4 | 0.54 | |
AUD/USD | 0.3 | 0.45 | |
USD/CAD | 0.8 | 0.61 | |
EUR/GBP | 0.3 | 0.55 | |
EUR/JPY | 1 | 0.74 | |
AUD/JPY | 0.8 | 0.93 | |
USD/SGD | 1.4 | 1.97 |
Commission Levels
Commission charges significantly influence trading expenses for active traders. Blueberry Markets maintains cost-effectiveness with a $3.50 commission per lot on RAW accounts, offering predictability for high-frequency strategies. Meanwhile, Hugo’s Way adopts a commission-free structure for its standard accounts, simplifying costs but compensating with slightly wider spreads overall. This simplicity may attract traders seeking a straightforward fee model. However, high-volume traders who prioritise lower spreads over commission-free trading might favour Blueberry Markets. Each broker has tailored its structure to suit specific trading preferences, ensuring flexibility for traders at varying levels of expertise.
Standard Account Fees
Minimum deposits play a key role in broker accessibility, and here, Hugo’s Way takes the lead with a low $10 minimum deposit, catering to budget-conscious traders and beginners. Blueberry Markets offers a $100 deposit for both its Standard and RAW accounts, balancing affordability with professionalism. Additionally, Blujeberry Markets eliminates withdrawal and inactivity fees, while Hugo’s Way imposes withdrawal fees and a monthly inactivity fee after three months of dormancy. These fees make Blueberry Markets a more cost-effective option for traders who value long-term account management and want to avoid additional charges. Both ensure flexibility but appeal to different priorities.
Standard Account Spreads
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1.20 | 1.10 | 1.70 | 1.20 | 1.60 |
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0.90 | 1.30 | 3.60 | 1.70 | 1.50 |
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1.13 | 1.01 | 1.71 | 1.66 | 1.12 |
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1.20 | 0.90 | 1.50 | 1.80 | 1.80 |
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1.20 | 1.40 | 1.50 | 1.60 | 1.50 |
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1.10 | 1.20 | 1.30 | 1.30 | 1.30 |
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1.20 | 1.80 | 1.90 | 1.90 | 1.60 |
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1.32 | 1.95 | 1.37 | 1.70 | 1.40 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 04/01/2025
Blueberry Markets leads with tighter RAW spreads and lower commissions, making it ideal for high-volume traders seeking precision and cost efficiency. Hugo’s Way shines with lower standard spreads and a minimal $10 deposit, appealing to budget-conscious traders. Both contribute meaningfully to the forex trading landscape, but their strengths cater to different trader priorities- precision for Blueberry Markets and affordability for Hugo’s Way. Together, they offer diverse options for traders with varying needs and strategies.
Our Lowest Spreads and Fees Verdict
In terms of trading costs, Blueberry Markets comes out on top due to its lower spreads and lack of withdrawal fees.
Blueberry Markets ReviewVisit Blueberry Markets
2. Better Trading Platform – Blueberry Markets
Blueberry Markets and Hugo’s Way provide robust trading platforms, catering to diverse trader needs. Blueberry Markets supports MetaTrader 4 and 5, offering advanced tools for charting and algorithmic trading. Hugo’s Way also provides MetaTrader 4 but lacks MetaTrader 5, limiting its versatility. Blueberry Markets enhances its offerings with cTrader, known for its intuitive interface and advanced charting capabilities, while Hugo’s Way does not support cTrader or TradingView. Both offer VPS services and essential trading tools like economic calendar and market analysis, ensuring uninterrupted trading. Hugo’s Way stands out with social and copy trading features, appealing to collaborative traders.
Metatrader
Blueberry Markets excels with MetaTrader 4 and 5, providing traders with advanced charting tools and algorithmic trading capabilities. Hugo’s Way supports MetaTrader 4 but lacks MetaTrader 5, limiting its flexibility for multi-asset trading.
Trading Platform | Blueberry Markets | Hugo’s Way |
---|---|---|
MetaTrader 4 | Yes | Yes |
MetaTrader 5 | Yes | No |
cTrader | No | No |
TradingView | No | No |
Copy Trading | Yes | Yes |
Proprietary Platform | No | No |
Advanced Platforms
Blueberry Markets includes cTrader, a platform celebrated for its user-friendly interface and advanced charting tools, while Hugo’s Way does not offer cTrader or TradingView, narrowing its platform diversity.
Copy Trading
Hugo’s Way leads in this category with social and copy trading features, enabling traders to replicate strategies from experienced professionals. Blueberry Markets does not offer dedicated social trading options.
Blueberry Markets shines with its comprehensive platform offerings, including MetaTrader 5 and cTrader, making it ideal for traders seeking advanced tools and flexibility. Hugo’s Way appeals to traders interested in social and copy trading, providing a collaborative trading environment. Both brokers contribute significantly to enhancing the trading experience, but their strengths cater to different trader preferences. Blueberry Markets is better suited for traders prioritising platform diversity and advanced tools, while Hugo’s Way is ideal for those seeking community-driven trading opportunities.
Our Better Trading Platform Verdict
While both brokers offer a variety of trading platforms, Blueberry Markets wins this category due to its wider range of platform options.
3. Superior Accounts And Features – Hugo’s Way
Blueberry Markets and Hugo’s Way offer account structures tailored to diverse trading needs. Blueberry Markets keeps it straightforward with two options:
- Standard accounts
- Professional accounts
These accounts ensure inclusivity for beginners and advanced traders alike. Hugo’s Way provides greater flexibility with three account types:
- Standard account
- Pro account
- VIP accounts
These accounts stand out by offering specialised features that attract seasoned traders seeking customisation and depth. Both cater to varied trader preferences, but Hugo’s Way’s more diversified account structure emphasises adaptability across different experience levels, while Blueberry Markets appeals to those preferring simplicity and focus.
Blueberry Markets ensures accessibility with its Standard account, suitable for novice traders, while its Professional account supports experienced users by providing advanced tools and tighter spreads. Hugo’s Way, on the other hand, extends versatility through its Pro and VIP accounts, offering features like lower spreads and enhanced leverage options to traders ready to refine their strategies. Both integrate MetaTrader 4 for reliability, but Blueberry Markets offers MetaTrader 5 for superior tools, giving it an edge in platform innovation. Hugoe’s way stands out for its social and copy trading features, enriching its collaborative trading environment. Together, they shape the trading industry with their tailored offerings.
Hugo’s Way takes the lead in this segment due to its flexible account options, catering to traders across all skill levels with specialised features like pro and FIP accounts. Blueberry Markets remains competitive with its focused two-account system, emphasising simplicity and efficiency for traders aiming for precision. Both enhance trader experiences through versatile tools and platforms, but Hugo’s Way’s diversified account structure and collaborative trading tools make it a more comprehensive choice for seasoned professionals and those seeking advanced trading environments.
Our Superior Accounts and Features Verdict
Due to its more flexible account structure, Hugo’s Way wins this category thanks to its superior accounts and features.
4. Best Trading Experience And Ease – Blueberry Markets
Blueberry Markets and Hugo’s Way deliver strong trading experiences, catering to different trader preferences. Blueberry Markets excels with its MetaTrader 4 and 5 platforms, offering advanced tools for charting and algorithmic trading. Hugo’s Way, while limited to MetaTrader 4, provides a flexible trading environment with features like social and copy trading, appealing to traders who value collaboration. Both support VPS services for uninterrupted trading and offer competitive spreads, but Blueberry Markets’ inclusion of MetaTrader 5 gives it an edge for traders seeking a more versatile platform.
Blueberry Markets enhances the trading experience with its user-friendly interface and advanced MetaTrader 5 platform, which supports multi-asset trading and superior analytical tools. Its free VPS service ensures seamless algorithmic trading, making it a reliable choice for beginners and experienced traders. Hugo’s Way, on the other hand, focuses on flexibility with its social and copy trading features, allowing traders to replicate strategies from seasoned professionals. While it lacks MetaTrader 5, Hugo’s Way compensates with competitive spreads and collaborative trading environments. Together, these brokers contribute to the forex industry by addressing diverse trading styles and preferences.
Blueberry Markets leads in this segment with its advanced platform offerings, including MetaTrader 5, and a focus on reliability through free VPS services. Hugo’s Way appeals to traders seeking flexibility and collaboration, thanks to its social and copy trading features. Both enhance the trading industry with their unique strengths, but Blueberry Markets’ comprehensive platform options and advanced tools make it the preferred choice for traders aiming for a seamless and versatile trading experience
Our Best Trading Experience and Ease Verdict
Due to its advanced MetaTrader 5 platform and free VPS service, Blueberry Markets wins this category.
5. Stronger Trust And Regulation – Blueberry Markets
Blueberry markets and Hugo’s way demonstrate clear differences in trust and regulation. Blueberry Markets is regulated by the Australian Securities and Investments Commission (ASIC), a tier-1 regulator that ensures compliance and transparency. This regulation enhances its trustworthiness among traders worldwide. Hugo’s Way, in contrast, lacks regulation by any recognised financial authority, which may raise concerns about security and accountability. While both cater to traders with diverse needs, Blueberry Markets achieves a higher trust score of 31 compared to Hugo’s Way’s trust score of 11, underscoring its advantage in providing a more secure and regulated trading environment.
We see here that both have competitive trust scores of 31 and a review rate of 92 for Blueberry Markets and a trust score of 11 and a review rate of 44 for Hugo’s Way. Let us see how they go with their other features and platforms.
Blueberry Markets Trust Score

Hugo’s Way Trust Score

Blueberry Markets benefits significantly from its ASIC regulation, which enforces strict financial standards to protect traders. This level of oversight ensures compliance and reinforces its global credibility, making it a reliable choice for traders prioritising security. Hugo’s Way, though offering flexible trading conditions, operates without any regulation from recognised authorities, creating potential risks for traders in terms of fund safety. The SVG0FSA registration adds some legitimacy but doesn’t meet the stringent standards of tier-1 regulators like ASIC. These brokers contribute to the trading landscape, but Blueberry Markets’ adherence to regulatory standards solidifies its position as the more dependable option.
Blueberry Markets | Hugo's Way | |
---|---|---|
Tier 1 Regulation | ASIC (Australia) | |
Tier 2 Regulation | ||
Tier 3 Regulation | SVG-FSA |
Blueberry Markets shines in this segment due to its ASIC regulation, which builds confidence among traders seeking a secure and transparent environment. Hugo’s Way, while offering flexibility in trading features, faces challenges in trustworthiness due to the absence of recognised regulatory oversight. Both aim to attract diverse traders, but Blueberry Markets’ higher trust score and adherence to regulatory standards make it a clear leader. Its commitment to security and reliability ensures a safer trading experience, appealing to traders looking for accountability and industry-standard compliance.
Our Stronger Trust and Regulation Verdict
Thanks to its tier-1 ASIC regulation, Blueberry Markets wins in this category due to its stronger trust and regulation.
6. Top Product Range And CFD Markets – Hugo’s Way
Blueberry Markets and Hugo’s Wawy offer diverse product ranges and CFD markets, each catering to unique trader needs. Blueberry Markets excels with 300+ share CFDs, 140 ETFs, and 19 indices, appealing to equity-focused and diversified portfolio traders. Meanwhile, Hugo’s Way shines in cryptocurrency CFDs with an impressive 37 options, alongside 55 forex pairs, giving it a robust edge for traders exploring currencies and digital assets. Both cater to a wide audience, offering unique strengths. Blueberry Markets emphasises broader market instruments, while Hugo’s Way’s crypto-heavy portfolio and wider forex range make it a strong contender for modern traders.
Table: Comparison of Range of CFDs, Products, and Markets
CFDs | Blueberry Markets | Hugo’s Way |
---|---|---|
Forex Pairs | 38 | 55 |
Indices | 19 | 10 |
Commodities | 9 Metals (Gold x 7 Currencies) (Silver x 6 Currencies) 3 Energies | 4 Metals 2 Energies |
Cryptocurrencies | 10 | 37 |
Share CFDs | 300+ | 104 |
ETFs | 140 | No |
Bonds | No | No |
Futures | No | No |
Treasuries | No | No |
Investments | No | No |
Blueberry Markets captivates equity and portfolio-focused traders with its extensive offerings of 300+ shared CFDs and 140+ ETFS, ideal for long-term investments and sector-specific strategies. Its 19 indices and competitive spreads provide excellent opportunities for tactical traders. On the other hand, Hugo’s Way garners attention from crypto and forex enthusiasts, featuring 37 cryptocurrency CFDs, one of the highest in the market, and an extensive 55 forex pairs. Its focus on dynamic asset classes makes it a preferred choice for high-risk, high-reward traders. Together, these brokers enrich the trading industry by tailoring their products to different audience segments, showcasing diversity and opportunity.
Blueberry Markets and Hugo’s Way significantly contribute to the forex industry with their strengths in CFD markets. Blueberry Markets leads in equity-focused options with its broad range of share CFDs and ETFs, ensuring traders have access to stable and diversified markets. Hugo’s Way, on the other hand, appeals to risk-tolerant traders with its high cryptocurrency count and expansive forex offerings. Both align with the evolving needs of traders, yet their focus areas highlight distinct strategies-blueberry Markets for diversification and Hugo’s Way’s crypto range offers modern relevance, setting it apart.
Our Top Product Range and CFD Markets Verdict
Thanks to its comprehensive range of CFDs and markets, including additional options like ETFs and Bonds, Hugo’s Way dominates this segment for its top product range and CFD markets.
7. Superior Educational Resources – Blueberry Markets
Blueberry Markets and Hugo’s Way both prioritise educational resources to support traders at every level. Blueberry Markets excels with its regular webinars and extensive e-book collection, offering structured learning opportunities for beginners and advanced traders. Hugoe’s Way focuses on engaging visual learners with an extensive range of video tutorials, providing flexible learning options. Both include trading glossaries and demo accounts for practical application, ensuring foundational knowledge. However, Blueberry Markets distinguishes itself with its user-friendly interface and responsive customer support, making it the preferred choice for those seeking comprehensive and accessible educational tools.
When it comes to educational resources, both Blueberry Markets and Hugo’s Way aim to help traders of all levels. However, the depth and breadth of these resources vary between the two brokers.
- Webinars: Blueberry Markets regularly hosts webinars, while Hugo’s Way does not offer this feature.
- E-books: Both brokers offer e-books, but Blueberry Markets has a more extensive collection.
- Video Tutorials: Hugo’s Way has a wide range of video tutorials, whereas Blueberry Markets has a limited selection.
- Trading Glossary: Both brokers provide a comprehensive trading glossary.
- Demo Account: Both brokers offer demo accounts, but Blueberry Markets provides a more user-friendly experience.
- Customer Support: Blueberry Markets is known for its responsive and helpful customer service, which can be an educational resource in itself.
Blueberry Markets builds a strong educational foundation with its regular webinars, enabling traders to stay updated on industry trends and strategies. Its expansive e-book collection caters to traders seeking in-depth knowledge across various forex topics. While its video tutorial offering is limited, Blueberry markets compensates with a straightforward demo account setup for hands-on learning. Hugo’s Way, on the other hand, stands out with its wide range of video tutorials, appealing to traders who prefer visual explanations. Both enhance their offerings with comprehensive trading glossaries, yet Blueberry Markets integrates exceptional customer service, transforming client interactions into valuable learning experiences.
Blueberry Markets leads in this segment with its structured, diverse educational resources like webinars and e-books, combined with responsive customer service that enriches the trader learning journey. Hugo’s Way delivers valuable content through video tutorials and glossaries, but lacks the breadth and user-friendly experience provided by Blueberry markets. These brokers foster trader development, yet Blueberry Markets’ commitment to accessible and impactful educational tools positions it as the superior choice. Its well-rounded approach ensures traders have the knowledge needed to navigate the markets confidently.
Our Superior Educational Resources Verdict
Scoring higher in its educational resources, which makes it the better choice for traders looking to expand their knowledge, Blueberry Markets wins in this category for its superior educational resources.
8. Superior Customer Service – Blueberry Markets
Blueberry markets and Hugo’s Way excel in customer service, each offering accessible support options. Blueberry Markets is recognised for its responsive team and multilingual support, catering to global traders seamlessly. Hugo’s Way delivers 24/7 support across live chat, email, and phone, backed by a comprehensive FAQ section, ensuring round-the-clock assistance. While both prioritise trader needs, Blueberry Markets’ emphasis on multilingual support and personalised care gives it an edge for international users, while Hugo’s Way’s efficient framework appeals to traders who value continuous access to help and detailed self-guided resources.
Blueberry Markets builds trust with its proactive customer service approach, emphasising personalised interactions and multilingual support to accommodate its international clientele. Its 24/7 availability across live chat, phone, and email ensures traders can find assistance anytime. Hugo’s Way also excels in accessibility, offering 24/7 support and enhancing its services with an FAQ section for quick reference. However, it lacks multilingual capabilities, which may limit its appeal for non-English speakers. Both demonstrate commitment to providing high-quality customer service, yet Blueberry Markets shines with its tailored approach, catering to a diverse range of traders and fostering a supportive environment.
Feature | Blueberry Markets | Hugo’s Way |
---|---|---|
Live Chat Support | Yes | Yes |
Email Support | Yes | Yes |
Phone Support | Yes | Yes |
Support Hours | 24/7 | 24/7 |
Multilingual Support | Yes | No |
Blueberry Markets leads in superior customer service, with its multilingual support and highly responsive team creating an inclusive and personalised experience for global traders. Hugo’s Way provides reliable 24/7 support and useful FAQ resources, making it a competitive option for traders seeking efficient self-service solutions. Both add value to the trading experience by prioritising accessibility and assistance, but Blueberry Markets’ focus on adaptability and individual care elevates its position. These brokers enhance trader confidence, yet Blueberry Markets’ emphasis on personalised and multilingual support solidifies its dominance in this category.
Our Superior Customer Service Verdict
Equipped with its multilingual support and tailored customer care, Blueberry Markets wins due to its superior customer service.
9. Better Funding Options – Hugo’s Way
Blueberry Markets and Hugo’s Way cater to traders with different funding preferences, offering varied payment options. Blueberry Markets excels in traditional methods such as credit cards, debit cards, bank transfers, PayPal, Skrill, and Neteller, ensuring secure and reliable transactions. Hugo’s Way stands out for embracing modern funding trends with cryptocurrency options, including Bitcoin, appealing to traders looking for decentralised and flexible solutions. While both provide a solid foundation for funding, Hugo’s Way’s focus on crypto sets it apart as a forward-thinking broker. Blueberry Markets leans on trusted methods to maintain smooth transactions globally.
Table: Comparison of Funding Options
Funding Option | BlackBull Markets | Hugo’s Way |
---|---|---|
Credit Card | Yes | Yes |
Debit Card | Yes | Yes |
Bank Transfer | Yes | Yes |
PayPal | Yes | No |
Skrill | Yes | No |
Neteller | Yes | No |
Crypto | Yes | Yes |
Rapid Pay | No | No |
POLi / bPay | Yes | No |
Klarna | No | No |
Blueberry Markets brings reliability to the forefront by supporting familiar funding methods, including credit and debit cards, bank transfers, PayPal, and digital wallets such as Skrill and Neteller. These options resonate with traders who prioritise security and simplicity in their payment processes. Hugo’s Way, meanwhile, diversifies its approach by incorporating cryptocurrency as a payment method, meeting the demands of modern traders and those looking for anonymity and decentralisation. The addition of Bitcoin as a funding source attracts tech-savvy users. While Blueberry Markets focuses on the conventional, Hugo’s Way’s progressive funding structure enhances trader flexibility and choices.
Hugo’s Way leads in this category by pushing the envelope with cryptocurrency as a funding option, creating a unique appeal for traders exploring digital finance. Blueberry Markets maintains a dependable presence with its traditional funding methods, ensuring a secure and hassle-free process for clients worldwide. Together, they strengthen the forex industry by accommodating a range of trader preferences. However, Hugo’s Way’s inclusion of cryptocurrencies, alongside its commitment to flexibility, places it ahead in better funding options, especially for forward-thinking traders who value innovative payment solutions.
Our Better Funding Options Verdict
Due to their better funding options, Hugo’s Way ranks highest in this category, thanks to their cryptocurrency funding options.
10. Lower Minimum Deposit – Hugo’s Way
Blueberry Markets and Hugo’s Way offer contrasting approaches when it comes to minimum deposits, catering to different trader needs. Blueberry Markets provides a standard minimum deposit of $100 across its Standard and Blueberry Direct accounts, ensuring accessibility for most traders while maintaining professionalism. Hugo’s Way takes a more flexible route with a minimum deposit as low as $10 via VLoad or $50 through BTC Instacoins, making it particularly appealing for beginners or traders with limited budgets. This flexibility empowers new entrants to explore forex trading with minimal financial commitment, offering a more inclusive gateway to trading.
Table: Comparison of Minimum Deposits
Minimum Deposit | Recommended Deposit | |
BlackBull Markets | $100 | $100 |
Hugo’s Way | $10 | - |
Blueberry Markets upholds consistency with its $100 minimum deposit, allowing traders to experience a straightforward account setup without unnecessary complexities. This uniform structure is ideal for traders who value simplicity and a balanced starting point. Hugo’s Way, however, elevates flexibility by introducing options like $10 deposits, accessible through VLoad. For cryptocurrency enthusiasts, the $50 BTC Instacoins option opens doors to diversified funding methods. Such minimal financial barriers enable new traders to step into the markets confidently, promoting inclusivity and exploration. Both brokers deliver solid minimum deposit structures, each aligned with varying trader priorities and risk tolerances.
Hugo’s Way stands out as the leader in this segment due to its remarkably low deposit options, allowing greater accessibility and flexibility for those with tight budgets or new to trading. Blueberry Markets, while maintaining a slightly higher deposit threshold, still caters effectively to traders looking for reliability and simplicity. Both contribute meaningfully to the forex trading industry, yet Hugo’s Way’s minimal deposit requirements give it an edge in attracting a broader audience. This inclusive approach ensures more traders can experience the dynamic world of forex trading.
Our Lower Minimum Deposit Verdict
Hugo’s Way rides high in this segment due to their lower minimum deposit, thanks to its highlight flexible and low deposit requirements.
Our Final Verdict On Which Broker Is The Best: Hugo’s Way or Blueberry Markets?
Blueberry Markets is the winner because it excels in a majority of the key areas, such as spreads, trading platforms, trading experience, trust and regulation, and educational resources. The table below summarises the key information leading to this verdict.
Categories | Blueberry Markets | Hugo's Way |
---|---|---|
Lowest Spreads And Fees | Yes | No |
Better Trading Platform | Yes | No |
Superior Accounts And Features | No | Yes |
Best Trading Experience And Ease | Yes | No |
Stronger Trust And Regulation | Yes | No |
Top Product Range And CFD Markets | No | Yes |
Superior Educational Resources | Yes | No |
Superior Customer Service | Yes | Yes |
Better Funding Options | No | Yes |
Lower Minimum Deposit | No | Yes |
Blueberry Markets: Best For Beginner Traders
Blueberry Markets is better suited for beginner traders due to its robust educational resources and user-friendly trading platform.
Hugo’s Way: Best For Experienced Traders
Hugo’s Way is the better option for experienced traders, offering a wider range of products and more flexible account features.
FAQs Comparing Blueberry Markets Vs Hugo's Way
Does Hugo's Way or Blueberry Markets Have Lower Costs?
Blueberry Markets has lower costs when it comes to spreads and fees. Blueberry Markets charges a commission of $7 per lot, whereas Hugo’s Way does not charge any commission but has higher spreads. For more insights on cost-effective trading, explore this guide on Lowest Commission Brokers.
Which Broker Is Better For MetaTrader 4?
Both Blueberry Markets and Hugo’s Way offer MetaTrader 4, but Blueberry Markets provides a more user-friendly experience. Hugo’s Way also offers MetaTrader 4 but lacks some of the additional features that Blueberry Markets provides. For an in-depth analysis, you can consult this list of best MT4 brokers.
Which Broker Offers Social Trading?
Hugo’s Way offers social and copy trading options, whereas Blueberry Markets does not. Hugo’s Way provides a range of social trading features that can be beneficial for both new and experienced traders. For more details, check out this comprehensive guide on the best social trading platforms.
Does Either Broker Offer Spread Betting?
Neither Blueberry Markets nor Hugo’s Way offer spread betting as a trading option. If you’re specifically interested in spread betting, you may need to look elsewhere. For more information, you can refer to this guide on the best spread betting brokers in the UK.
What Broker is Superior For Australian Forex Traders?
In my opinion, Blueberry Markets is the superior choice for Australian Forex traders. Blueberry Markets is ASIC-regulated and founded in Australia, which adds an extra layer of trust and regulation. Hugo’s Way, on the other hand, is not ASIC-regulated and is based overseas. For a more detailed comparison, you can check out this list of the Best Forex Brokers In Australia.
What Broker is Superior For UK Forex Traders?
For UK traders, I’d recommend Blueberry Markets. While neither broker is FCA-regulated, Blueberry Markets offers a more secure and user-friendly trading experience. Hugo’s Way, although offering a range of products, lacks the regulatory oversight that UK traders might prefer. For more insights, you can visit this guide on the Best Forex Brokers In UK.
Article Sources
No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.

Noam Korbl
Noam Korbl is the co-founder and has been a trader since 2014. He has Finance degree at Monash University and is an investor in shares and equities and successfully started and sold the online business Hearing Choices.
Ask an Expert
Does hugosway work with MT5?
Hugosway does not currently work with the MT5 trading platform. Instead, the broker offers MT4, WebTrader, and Desktop Terminal. MT4 is particularly popular for its user-friendly interface and a wide-range of trading tools.