Rating Index
Pros
Offers cash rebates on trades, which can reduce overall trading costs.
No minimum deposit requirement, making it accessible for new traders.
Provides 24-hour customer support through live chat, phone, and email.
Cons
Lacks valid regulatory oversight, posing a higher risk for traders.
Overall ratings are poor, indicating potential issues with service quality.
Suspicious regulatory license and scope of business, raising concerns about legitimacy.
HYFX broker Accounts
HYFXM Account Type
HYFXM offers a variety of account types tailored to different trading needs and experience levels. The available account types include:
- Standard Account
- Minimum Deposit: $0
- Minimum Trade Size: 0
- Commission: No rating available
- Spread Type: Not specified
- Pro Account
- Minimum Deposit: $500
- Minimum Trade Size: 0.01 lots
- Commission: $7.00 per lot
- Typical Spread: From 0.4 pips
- Var Account
- Minimum Deposit: $250
- Minimum Trade Size: 0.01 lots
- Commission: $0.00 per lot
- Typical Spread: From 1.2 pips
- Mini Account
- Minimum Deposit: $25
- Minimum Trade Size: 0.01 lots
- Commission: $1.00 per lot
- Typical Spread: From 1.0 pips
- Visit the HYFXM Website: Navigate to the official HYFXM website.
- Select the Account Type: Choose the account type that suits your trading needs.
- Complete the Application Form: Fill out the required personal information, including your name, email, and phone number.
- Verify Your Identity: Submit necessary identification documents for verification.
- Fund Your Account: Deposit the minimum required amount using the available payment methods.
- Start Trading: Once your account is funded, you can begin trading on the HYFXM platform.
These accounts cater to different trading styles, from beginners to advanced traders, with varying leverage and trading conditions.
HYFXM Broker Account Opening Process
Opening an account with HYFXM is straightforward and can be completed in a few steps:
This process typically takes a short time, allowing traders to quickly access the markets.
HYFX Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.
HYFX accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .