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HYCM, also known as Henyep Capital Markets, offers three different account types to cater to the diverse needs of traders: Fixed Account, Classic Account, and Raw Account. Heres a brief overview of each:
All accounts allow traders to open accounts in six currencies (USD, EUR, GBP, RUB, AED, or CAD), provide negative balance protection, and offer professional customer support 24/5 via email, live chat, or phone.
Opening an account with HYCM is a straightforward process. Here are the steps involved:
Choose Your Account Type: Decide which of the three account types (Fixed, Classic, or Raw) suits your trading strategy and needs.
Visit the HYCM Website: Go to the official HYCM website to start the account registration process.
Fill Out the Application: Complete the online application form with your personal information, including your name, address, email, and phone number.
Provide Identification: You will need to submit identification documents, such as a government-issued ID and proof of address.
Initial Deposit: Fund your account according to the minimum deposit requirement of your chosen account type (e.g., $100 for Fixed and Classic accounts, $200 for Raw account).
Account Verification: Wait for HYCM to verify your application and documents. This process may take a few hours to a couple of days.
Start Trading: Once your account is approved, you can log in to your trading platform (MT4 or MT5) and begin trading.
By following these steps, you can quickly and efficiently set up your trading account with HYCM.
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