We do not recommend Hugo's Way to African traders as it is completely unregulated and trading costs are high. If you are looking for a good ECN/STP broker we recommend Axi or FP Markets. Hugo's Way is an ECN/STP broker with a single account type and support offered for the MT4 platform only. Spreads are wide for an ECN/STP broker, starting at 0.8 pips on the EUR/USD. Hugo's Way also charges a 5 USD commission per lot traded, making this broker one of the more expensive ECN/STPs to trade with. Forex education and market analysis are almost non-existent and customer support is limited to a contact form and a live chat system. 

Established in 2012, Valutrades is a well-regulated ECN broker with a focus on providing an optimal trading environment for serious beginners and more experienced traders.  However, Valutrades only offers a single live account and a limited range of tradable assets compared to other brokers.   With one live ECN account, Valutrades offers trading on various trading instruments, including over 74 Forex pairs, commodities, and indices.   Valutrade’s trading conditions are excellent compared to most other ECN brokers, with spreads starting at [fxs-broker-property identifier="eur_usd_spread_smallest_account"] pips in exchange for a commission of 3 USD per lot per side and no minimum deposit requirements.  With support for MT4 and MT5, experienced traders will appreciate the range of tools on offer, including various technical and sentiment indicators, and FIX API, an application-based trading interface that allows clients to program their own trading strategies and run algorithms.   Valutrades’ education and market analysis are also both excellent and cater to traders of all experience levels. Overall, Valutrades is an excellent choice of broker for serious beginner traders and more experienced Metatrader users looking for a new broker.