HCM broker Accounts

hcm Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

hcm Account Types Explained

Human Capital Management (HCM) accounts are designed to cater to various user needs, from individual traders to institutional investors. Below are the primary account types available:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips, no commission.
• Leverage Options: Up to 1:500.
• Key Features: Basic trading tools, access to major currency pairs.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, and indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0.0 pips, commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, faster execution.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1 pip, commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Advanced trading tools, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account, no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Swap-free trading in compliance with Sharia law.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000).
• Spread/Commission Structure: Simulated spreads, no real commissions.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free trading environment, access to all trading tools.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Full range of trading instruments.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: Standard Account
• Intermediate: Pro Account
• Advanced: ECN Account
• Muslim Traders: Islamic Account
• Practice: Demo Account

Detailed hcm Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Ideal for beginners.

• ECN Account:

• Tight spreads and low commissions.

• Faster execution speeds.

• Suitable for scalpers.

• Pro Account:

• Advanced trading tools and features.

• Priority support.

• Better for professional traders.

• Islamic Account:

• Complies with Sharia law.

• No swap fees.

• Accessible to Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Practice with virtual funds.

• Test strategies without financial risk.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees can add up.

• Pro Account:

• Requires a significant initial investment.

• More complex features may overwhelm beginners.

• Islamic Account:

• Limited to specific trading instruments.

• Not available for all users.

• Demo Account:

• No real profits or losses.

• Limited duration for practice.

hcm Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions.
• Identity Verification Documents Needed: Government-issued ID (passport or national ID).
• Proof of Residence Requirements: Utility bill or bank statement dated within the last three months.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial statements may be required.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification of identity and address is mandatory.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.

Step-by-Step hcm Account Opening Guide

Registration Process

1. Visit Website: Navigate to the HCM trading platform website.
2. Click Registration: Find and click the registration button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type from the available options.
5. Set Trading Preferences: Specify trading preferences, including leverage and trading instruments.
6. Document Upload: Upload required identity verification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your trading account to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is generally similar on both platforms, but mobile users may have a simplified interface.

Common Registration Issues and Solutions

• Issue: Document upload failures.
• Solution: Ensure documents are clear and in the required format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Most accounts are approved within 1-3 business days.

How to Upgrade/Downgrade Account Types

• Users can typically request changes through their account settings or by contacting customer support.

hcm Demo Account Guide

Demo Account Features and Benefits

• Offers a risk-free environment to practice trading strategies.
• Access to all trading tools and features available in live accounts.

How to Open a Demo Account

• Follow the same registration steps as for a live account, selecting "Demo Account" during the account type selection.

Demo Account Limitations

• Limited to virtual funds and may have a time limit for usage.

Virtual Balance Amount

• Typically set at $10,000 for practice purposes.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money and trading risks.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days unless extended.

hcm Islamic Account Details

Swap-free/Islamic Account Availability

• Islamic accounts are available for traders who require compliance with Sharia law.

Eligibility Requirements

• Must provide proof of Muslim faith or intent to trade in accordance with Islamic principles.

Differences from Standard Accounts

• No swap fees applied to overnight positions.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• May have limitations on certain trading instruments.

FAQs – hcm Account Types & Opening

1. What account types does hcm offer？

• hcm offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $100, Demo: Virtual balance.

1. How long does hcm account verification take？

• Verification typically takes 1-3 business days.

1. Does hcm offer demo accounts？

• Yes, hcm offers demo accounts for practice trading.

1. Can I have multiple account types with hcm？

• Yes, users can open multiple account types.

1. Does hcm offer Islamic/swap-free accounts？

• Yes, hcm provides Islamic accounts that comply with Sharia law.

1. What documents do I need to open a hcm account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, users can request to upgrade or downgrade their account types.