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

　　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:

• 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.

　　The entire process typically takes about one business day to complete.

　　For more information, you can visit the following sources:

• HYCM Account Types
• HYCM Account Opening