If you plan to start to trade assets on hugosway, you’ll need to practice first before you risk trading with real money. Luckily, Hugosway provides unlimited access to demo accounts. They are meant to ensure that clients acclimatize themselves with the broker using fake money before risking their real money.
Besides, if they come from other platforms, a demo account will help them feel and test how Hugosway works. It will give them the confidence they need before they start trading with real money.
How to get started
Opening a Hugosway demo account requires that you visit their website and set up the account. After that, Hugosway will send a link to your mail. You will then need to log in to your mail to verify the account.
Here is a detailed step-by-step process to help you open a Hugosway demo account.
The first thing you will need to do is to visit the broker’s website www.hugosway.com. You will then click on sign up. Here, you will be prompted to supply your details, including your first name, last name, and the email address you intend to use to run the account.
You will be required to select a password with one special character, an upper case letter, and digits. It should be at least eight characters. Once it is done, you will be directed to the terms and conditions page. Hugosway will send you an email with a link. Click on the link in your inbox to be redirected to the website, where you will be required to fill an account creation form.
Here you will provide your details, including your phone number and your address. You will also supply other personal details, including the date of birth, month, and year of birth. Download your MT4 app and log into your account select the demo account.
At this point, you are good to go. But there is one more important thing you need to do; choosing your lot size. Of course, you can choose the smallest or the largest lot size. After all, it is a demo account which should help you figure out and practice what you will be doing when trading with real money. We recommend that you choose a lot size of 0.1 to start with. However, you will need to move to lot size of 1 at some point and practice with it as well.
You will need to select the leverage to use. Since it is a demo account, feel free to try bigger leverage of say 500. So if you select the leverage of 500 you will need to choose $50,000 as the amount you want to start trading with.
Step 5 Choose the assets to trade
Hugoways gives you more than 150 assets to choose from. You have the cryptos, oils, foreign currencies, to choose from just to mention a few. So you will need to decide on the assets to trade. If you choose forex, you must choose the currencies to pair.
Finally, you are ready to start practicing on your demo account. Just ensure that you try different strategies to see the one that works for you. Once you are confident that you are good to go, Fund your account with as little as $10, and you will be in business. Hugosway is an offshore broker, if you want to know more about hugosway, you may check out our content on Is Hugosways legit?