HYCM Forex Broker keeps up-to-date with the latest trading account information, including RAW, CLASSIC, FIXED maximum leverage of 1:500, trading varieties, and more
Rating Index
Pros
Regulated by multiple top-tier authorities including FCA and CySEC
Offers a wide range of trading instruments with competitive spreads
Excellent customer support available 24/5 through various channels
Cons
No regulation in the United States, limiting access for US traders
Inactivity fees apply after 90 days of no trading activity
Limited research tools compared to some competitors
HYCM broker Accounts
RAW
Environment
--
Currency
--
Maximum Leverage
1:500
SupportedEA
Minimum Deposit
$20
Minimum Spread
From 0.1
Depositing Method
(4+) Bank transfer VISA MASTER
Withdrawal Method
(4+) MASTER Bank transfer VISA
Minimum position
0.01
Commission
FX $4 per round, Metals $5 per round, Others $0 per round
Products
--
CLASSIC
Environment
--
Currency
--
Maximum Leverage
1:500
SupportedEA
Minimum Deposit
$20
Minimum Spread
From 1.2
Depositing Method
(4+) Bank transfer VISA MASTER
Withdrawal Method
(4+) MASTER Bank transfer VISA
Minimum position
0.01
Commission
--
Products
--
FIXED
Environment
--
Currency
--
Maximum Leverage
1:500
SupportedEA
Minimum Deposit
$20
Minimum Spread
From 1.5
Depositing Method
(4+) Bank transfer VISA MASTER
Withdrawal Method
(4+) MASTER Bank transfer VISA
Minimum position
0.01
Commission
--
Products
--
HYCM Account Type
HYCM offers three main types of trading accounts to cater to different trading styles and experience levels:
- Fixed Account
- Minimum Deposit: $100
- Spreads: Fixed spreads starting from 1.5 pips
- Commissions: None
- Expert Advisors (EAs): Not available
- Minimum Trade Volume: 0.01 lots
- Classic Account
- Minimum Deposit: $100
- Spreads: Variable spreads starting from 1.2 pips
- Commissions: None
- Expert Advisors (EAs): Available
- Minimum Trade Volume: 0.01 lots
- Raw Account
- Minimum Deposit: $200
- Spreads: Raw spreads starting from 0.1 pips
- Commissions: $4 per round turn
- Expert Advisors (EAs): Available
- Minimum Trade Volume: 0.01 lots
- Visit the HYCM Website: Go to the official HYCM website and click on the "Open Account" button.
- Fill Out the Registration Form: Provide your personal details, including your name, email address, phone number, and country of residence.
- Select Account Type and Base Currency: Choose your preferred trading account type (Fixed, Classic, or Raw) and select your base currency.
- Verify Your Identity: Upload the required documents for identity verification, such as a passport or national ID and proof of residence (utility bill or bank statement).
- Complete Financial Profile: Fill out a financial profile that includes information about your trading experience and financial status.
- Fund Your Account: After verification, deposit the minimum required amount to start trading.
- HYCM Account Types
- HYCM Account Opening
All accounts offer the option for Islamic (swap-free) trading and allow traders to choose from multiple base currencies: USD, EUR, GBP, AED, and JPY.
HYCM Broker Account Opening Process
Opening an account with HYCM is a straightforward process that can be completed online. Here are the steps:
The entire process typically takes about one business day to complete.
For more information, you can visit the following sources:
HYCM Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.
HYCM accounts can be viewed for products that can be traded -- accounts with a minimum deposit of $20 by (2+) (4+) Bank transfer VISA MASTER.