Security

Hugos Trading is committed to provide the highest level of security to its platform users

Customer asset protection

Extensive cyber-security framework is implemented in order to ensure that strict measures and practices are in place to protect customer assets against any eventualities and threats. We are conducting periodical stress tests and security audits to ensure compliance with the strictest security standards.

We use the following security tools and measures:

  • 2FA (provided by Google Auth) to ensure account security and prevent any unauthorised access to user’s account.
  • Mandatory Bitcoin address whitelisting feature
  • Cold storage of digital assets with Multisignature technology
  • Hardware security modules with rating of FIPS PUB 140-2 Level 3 or higher
  • Full risk check after every order placement and execution
  • Encrypted SSL (https) to encrypt and secure our website’s traffic.
  • All passwords are cryptographically hashed (using bcrypt with a cost factor of 12) while all other sensitive data is encrypted.
  • Cloudfare to mitigate potential distributed denial-of-service (“DDoS”) attacks.
  • Regular tests and check-ups by our technical team.
  • On-going and IT security assessments are executed to keep up to date with new potential vulnerabilities.

Our environment is hosted on Amazon Web Services (“AWS”). AWS has a proven track record for physical security and internal controls.

Trading infrastructure

Hugos Trading trading engine has been designed to meet the highest online-trading industry standards. All systems have been uniquely coded to minimize latency and increase order execution speed. System automatically monitors all risks associated with buying power, buying power factor, maximum order size, maximum position size, P/L loss thresholds, odd lot allowance, and executes full risk check after every order placement. Hugos Trading prides itself on having one of the most advanced and reliable trading software on the market.

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Wallet Security

The majority of customer digital assets (Bitcoin) are held in our offline storage system (“Cold Storage”). Only a small portion of digital assets are held in our online wallet (“Hot Wallet”).

We use Multi-signature access (“Multisig”) to provide both security against attacks and tolerance for losing access to a key or facility, eliminating single points of failure. All fund transfers from Cold Storage to Hot Wallets are handled manually and require the coordinated actions of multiple employees.

Withdrawal address whitelisting

We offer Customers additional account level protections such as crypto Address Whitelisting. This feature adds an additional layer of protection by allowing customers to whitelist specific withdrawal addresses.

By doing so, withdrawals will be restricted to addresses only included in the whitelist. In the unlikely event that your Hugos Trading account is compromised, an unauthorized user will not be able to withdraw digital assets to a different address.

Follow these easy steps to whitelist your wallet address:

For all questions, security issues or product related inquiries please contact us at [Support]

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