YCM broker Accounts

ycm Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

ycm Account Types Explained

YCM offers several account types tailored to different trading needs and experience levels. Below is a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 2-3 pips.
• Leverage Options: Up to 500:1.
• Key Features: Ideal for beginners, offers access to a wide range of trading instruments.
• Target User Profile: Beginners and intermediate traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. Mini Account

• Minimum Deposit Requirement: $50.
• Spread/Commission Structure: Variable spreads.
• Leverage Options: Up to 500:1.
• Key Features: Lower minimum deposit, suitable for new traders to practice.
• Target User Profile: New traders looking for a low-cost entry.
• Trading Instruments Available: Limited selection compared to the Standard account.

3. Professional Account

• Minimum Deposit Requirement: $500.
• Spread/Commission Structure: Lower spreads, competitive commission rates.
• Leverage Options: Up to 200:1.
• Key Features: Designed for experienced traders with advanced trading tools.
• Target User Profile: Experienced and professional traders.
• Trading Instruments Available: Comprehensive range including Forex, commodities, and indices.

4. Islamic Account

• Minimum Deposit Requirement: $100.
• Spread/Commission Structure: Similar to Standard accounts but swap-free.
• Leverage Options: Up to 500:1.
• Key Features: Complies with Islamic finance principles, no swap fees.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Same as Standard account.

5. Demo Account

• Minimum Deposit Requirement: None (virtual funds).
• Spread/Commission Structure: Simulated market conditions.
• Leverage Options: Same as live accounts.
• Key Features: Allows traders to practice without financial risk.
• Target User Profile: All levels, especially beginners.
• Trading Instruments Available: Full range of instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Mini Account or Demo Account.
• Intermediate Traders: Standard Account.
• Advanced Traders: Professional Account.
• Muslim Traders: Islamic Account.

Detailed ycm Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Standard: $100

• Mini: $50

• Professional: $500

• Islamic: $100

• Demo: None

• Maximum Leverage:

• Standard: 500:1

• Mini: 500:1

• Professional: 200:1

• Islamic: 500:1

• Spreads (Typical/Minimum):

• Standard: 2-3 pips

• Mini: Variable

• Professional: Lower than Standard

• Islamic: Similar to Standard

• Commission Fees:

• Standard: Variable

• Mini: Variable

• Professional: Competitive rates

• Islamic: None

• Lot Size:

• Standard: 0.01 (micro)

• Mini: 0.01 (micro)

• Professional: 0.1 (mini)

• Islamic: 0.01 (micro)

• Available Trading Platforms:

• All accounts: MT4, MT5.

• Execution Type:

• Standard: Market

• Mini: Market

• Professional: ECN

• Islamic: Market

• Islamic Account Availability:

• Yes, available for Standard and Islamic accounts.

• Demo Account Features:

• Full access to trading instruments with virtual funds.

Advantages of Each Account Type

• Standard Account:

• Access to a wide range of instruments.

• Suitable for beginners.

• High leverage options.

• Mini Account:

• Low minimum deposit.

• Ideal for practice and learning.

• Professional Account:

• Lower spreads and commissions.

• Advanced trading tools and features.

• Islamic Account:

• Complies with Islamic finance principles.

• No swap fees.

• Demo Account:

• Risk-free trading environment.

• Full access to trading features.

Disadvantages of Each Account Type

• Standard Account:

• Higher minimum deposit compared to Mini.

• Mini Account:

• Limited trading instruments.

• Professional Account:

• Higher minimum deposit required.

• Islamic Account:

• May have fewer features compared to Professional accounts.

• Demo Account:

• Virtual funds may not reflect real market conditions.

ycm Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Limited to countries where YCM is authorized to operate.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.

Identity Verification Documents Needed

• Proof of Identity: Government-issued ID (passport, national ID).
• Proof of Residence: Utility bill or bank statement with the applicant's name and address.

Additional Documentation for Professional Accounts

• Proof of trading experience or financial status may be required.

KYC/AML Compliance Procedures

• YCM adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring verification of identity and address.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of submitted documents.

Step-by-Step ycm Account Opening Guide

Detailed Registration Process

1. Visit the Website: Go to the YCM official website.
2. Click Registration: Locate and click on the registration button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type (Standard, Mini, Professional, Islamic).
5. Set Trading Preferences: Specify trading preferences and leverage settings.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for account verification to be completed.
8. Fund Your Account: Deposit funds to start trading.
9. Start Trading: Access trading platforms and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though the mobile interface may be more streamlined.

Common Registration Issues and Solutions

• Issue: Document upload failures.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Delayed verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes between 1 to 3 business days.

How to Upgrade/Downgrade Account Types

• Account type changes can usually be requested through customer support or the account management section of the website.

ycm Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• Access to all trading instruments available in live accounts.

How to Open a Demo Account

• Follow the same registration steps but select the demo account option.

Demo Account Limitations

• Limited to virtual funds; may not reflect real market conditions.

Virtual Balance Amount

• Typically, demo accounts are funded with a virtual balance of $10,000 or more.

Demo vs Live Account Differences

• Demo accounts do not involve real money; live accounts require actual funds.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a specified period, often 30 days, but can be extended based on broker policies.

ycm Islamic Account Details

Swap-free/Islamic Account Availability

• Yes, YCM offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must be a Muslim trader seeking a swap-free trading environment.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, while standard accounts may.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• Islamic accounts may have specific conditions regarding trading strategies and instruments.

FAQs – ycm Account Types & Opening

1. What account types does ycm offer？

• YCM offers Standard, Mini, Professional, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, Mini: $50, Professional: $500, Islamic: $100, Demo: None.

1. How long does ycm account verification take？

• Verification typically takes 1-3 business days.

1. Does ycm offer demo accounts？

• Yes, YCM provides demo accounts for practice trading.

1. Can I have multiple account types with ycm？

• Yes, traders can open multiple account types as needed.

1. Does ycm offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available for Muslim traders.

1. What documents do I need to open a ycm account？

• Proof of identity and proof of residence are required.

1. Can I change my account type after registration？

• Yes, account type changes can be requested through customer support.