Hueglot has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Several red flags with Hueglot: (1) They promise unrealistically high returns, (2) They're not registered with Financial Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Flagged by Financial Markets Authority|Cannot verify credentials
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Hueglot said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Instant funding|Stable platform
Cons: Wait times can be long during peak hours|Onboarding videos are outdated
I lost a significant amount because Hueglot did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Fast deposits|Economic calendar|Great customer service|Segregated accounts
Cons: Limited demo account features|Inactivity fee applies after 12 months
I was contacted by Hueglot through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Blocked my account|No legitimate license|Fake returns
The reporting at Hueglot is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Risk management tools|Multi-currency support|Personal attention|Market news feed
Cons: No crypto staking
The spread at Hueglot is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through a podcast recommendation and initially thought the platform was good - until I started trading seriously.
Pros: Responsive team|API access|Clean UI|Helpful community forum
Cons: Minor UI glitches occasionally|None so far
I requested my data from Hueglot under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Responsive team|Competitive fees
Cons: Minor UI glitches occasionally