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.