HYCM Account Types
HYCM offers three main types of trading accounts to cater to different trading styles and experience levels: Fixed, Classic, and Raw accounts.
1. Fixed Account
- Spreads: Fixed spreads starting from 1.5 pips.
- Commission: None.
- Minimum Deposit: $100.
- Expert Advisors (EAs): Not available.
- Minimum Trade Volume: 0.01 lots.
- Base Currencies: USD only.
- Max Leverage: Up to 1:1000.
- Islamic Account Option: Yes.
2. Classic Account
- Spreads: Variable spreads starting from 1.2 pips.
- Commission: None.
- Minimum Deposit: $100.
- Expert Advisors (EAs): Available.
- Minimum Trade Volume: 0.01 lots.
- Base Currencies: EUR, USD, GBP, AED, JPY.
- Max Leverage: Up to 1:1000.
- Islamic Account Option: Yes.
3. Raw Account
- Spreads: Raw spreads starting from 0.1 pips.
- Commission: $4 per round turn.
- Minimum Deposit: $200.
- Expert Advisors (EAs): Available.
- Minimum Trade Volume: 0.01 lots.
- Base Currencies: EUR, USD, GBP, AED, JPY.
- Max Leverage: Up to 1:1000.
- Islamic Account Option: Yes.
All accounts provide negative balance protection and professional customer support available 24/5.
HYCM Broker Account Opening Process
Opening an account with HYCM is a straightforward process that can be completed online, typically within one business day. Heres how to get started:
- Visit the HYCM Website: Click on the "Open Account" button.
- Fill Out the Registration Form: Provide personal details such as name, email, phone number, date of birth, and address.
- Choose Account Type and Base Currency: Select from Fixed, Classic, or Raw accounts and choose your preferred currency (USD, EUR, GBP, etc.).
- Verify Your Identity: Upload a valid identification document (passport, national ID, or driver's license) and proof of residency (utility bill or bank statement).
- Complete the Trading Experience Survey: This helps HYCM assess your trading knowledge.
- Fund Your Account: The minimum deposit is $20 for Fixed and Classic accounts, and $200 for Raw accounts. Choose your preferred funding method.
- Start Trading: Once your account is verified and funded, you can begin trading on the HYCM platform.
For more details, visit the HYCM website: HYCM Account Types and HYCM Account Opening.
HYCM accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .