Comparison of HYCM’s trading account types and platforms

Account for Every Need, Advanced Technologies, and Cutting-Edge Platforms.

HYCM

A broker with over 40 years of experience and strict regulation, HYCM provides its traders with a secure and well-structured environment to trade in markets worldwide. HYCM allows trading in a wide range of instruments, including forex, stocks, indices, commodities, and much more, using cutting-edge technologies and state-of-the-art features. The broker’s primary goal is to provide a service based on maximum security and transparency. In fact, HYCM operates with extremely high protection standards for both its operations and its clients, allowing traders to access any parameter, cost, or news at any time and without difficulty.

• A team of experts with over 40 years of experience in the industry capable of providing impeccable service to ensure maximum operational efficiency for clients.
• Negative balance protection available, providing traders with the security of not being able to lose more than deposited in their account.
• Rapid order execution to fully exploit every market opportunity.
• Optimal trading conditions with low spreads and commissions starting from zero. Another important feature is the minimum deposit required to activate accounts, which is only $20.
• A structured account list to ensure that any type of trader can trade to their full potential. Available accounts include Fixed, Classic, and Raw. Additionally, professional traders can opt for a VIP version of their chosen account and enjoy additional services for high-performance trading, such as a specialized account manager, comprehensive market analysis, more favorable spreads, and much more.
• To enable traders to interact efficiently in the markets, the broker offers cutting-edge software with technologically advanced tools and features. State-of-the-art platforms designed to allow traders of any kind to maximize investment opportunities. MT4 – MT5 – HYCM Platform.

HYCM Account

Every trader is unique, with various characteristics such as risk appetite, investment preferences, experience, and more. Being fully aware of its clients’ diverse needs and requirements, the broker has created a finely structured account list that allows any category of investor to interact in the markets to the fullest extent. Another notable feature of the accounts is the minimum deposit required for activation, which is only $20 for any account type, outlining an approach with the client based on maximum trust and transparency. Each account offers different trading conditions and services to ensure the trader’s maximum efficiency. Among the available accounts, we find:

• Fixed Account
• Classic Account
• Raw Account
• VIP Account (dedicated version for professional traders)

It is important to note that the trading conditions and other features of each individual account may vary depending on the trader’s country of residence (and consequently, the type of regulation). Below, we will detail the main differences between the various account types.

Fixed Account

Given its characteristics, the Fixed Account is primarily suitable for high-volume traders. Clients can start investing by creating precise strategies without worrying about excessive expenses. Minimal spreads, no trading commissions, high leverage, and a wide range of carefully selected instruments and features for high-volume trading are just some of the features that make this account type the right choice for investing significant amounts of capital. Fixed is available on any platform offered by the broker (MT4, MT5, HYCM platform), allowing clients to choose the one that suits their style and further improve their trading experience.

Open a Fixed Account with HYCM

The accounts available in Europe with the broker offer limited leverage of 1:30 and do not allow trading in cryptocurrencies.

Open a Fixed Account with HYCM

Classic Account

This type of account offers features compatible with any category of trader. Both experts and beginners can interact in the markets by creating accurate strategies and maximizing their capabilities. Suitable for a “standard” approach to trading, the account offers trading conditions suitable for creating any type of strategy. Variable spreads, no commissions, and a minimum deposit of only $20. The Classic account is available on the MT4 and MT5 platforms. It is important to note that the number of instruments available for investment varies based on the selected platform.

Open a Classic Account with HYCM

Next, the distinctive features of Classic accounts available to European traders.

Open a Classic Account with HYCM

RAW Account

An account suitable for professional trading, it offers experienced traders access to a wide range of instruments, features, and services for high-performance trading. Given its characteristics, every client can create sophisticated trading strategies, both classic and using Expert Advisors. The trading conditions are excellent for those who usually opt for small trading commissions and minimal spreads. Available on the MT4 and MT5 platforms.

Open a RAW Account with HYCM

For European traders, the characteristics and conditions of the RAW account are as follows.

Open a RAW Account with HYCM

VIP Account

In addition to offering a range of accounts to meet any trading need, the broker allows traders to access accounts that offer specific trading conditions and additional tools for customized trading experiences. The official website does not provide detailed information about the features of this account. The broker briefly describes the account, stating that it offers:

1. Specialized Account Manager.
2. Comprehensive market analysis.
3. Best Spreads (For FIXED accounts).

To receive more information, the client can contact the support team, which can provide all the detailed information regarding this type of account.

Open a Real Account with HYCM

Opening an Account with HYCM

Every trader, regardless of their country of residence, can register and start investing in no time. The new client can select the account that best suits their needs, verify it, and make a deposit with one of the available payment methods with the highest level of security and transparency. Moreover, if the potential client wants to test the environment first, they can opt for a demo version of the selected account and invest virtual funds without taking any risks.

To open a real account with the broker, you just need to follow these simple steps:

First phase.

To begin, the trader should visit the official HYCM website and click on the “Open an account” button at the top right of the page. In the new screen, enter your name, surname, valid email, and phone number. Click “Next.” On the next form, provide your country of residence, date of birth, address, and postal code. Click “Next.”

Second phase.

In this phase, the trader needs to select the account that best suits their needs, the platform to use for trading, and the account’s base currency. After choosing the account, the trader will receive an account number and password via email immediately after making a deposit. Declare that you are not a US citizen, not a politically exposed person, and set a password for the client area. Proceed by clicking “Next.”

Third phase.

The account is open. To activate it definitively, the new client needs to make an initial deposit (starting from $20) and undergo a verification process to prove their real identity and country of residence. To proceed, the trader must send a front and back photo of a valid identification document (ID card, passport, driver’s license) and a recent utility bill in the applicant’s name (electricity, gas, phone, etc.) with the address.

Fourth phase.

Once eligible and having made a deposit, the trader can start investing.

Open a Real Account with HYCM

Platforms Offered by HYCM

In addition to optimizing investment possibilities by offering accounts suitable for any type of trader, the broker allows its clients to interact with the markets using cutting-edge software that leverages advanced technologies and state-of-the-art features to ensure unparalleled operability. The platforms offered are:

1. MT4.
2. MT5.
3. HYCM Trader (Mobile trading app)

MetaTrader 4 (MT4)

One of the most famous and efficient online trading platforms in the world, MT4 allows investors from around the world to interact with a wide range of markets with advanced tools and features. The software features an intuitive and user-friendly interface. Any trader, from the most experienced to the beginner, can use advanced technical analysis, flexible trading systems, expert advisory programs, Expert Advisors, and state-of-the-art charts to create effective strategies and make the most of any trade. A fundamental feature of the platform is its total customization, allowing clients to adapt the software to their needs, making it compatible with their trading style.

Among the features available on the platform:

• A wide range of included analytical tools and functions that allow clients to identify and potentially anticipate sudden market movements through detailed mathematical calculations.
• Various types of pending orders available.
• Customized automated trading (EA), offering clients the ability to use free trading robots, create new ones, or purchase them from the store.
• 9 different timeframes for studying market oscillations at a particular moment.
• “One-click trading,” an essential service that allows clients to execute any operation with extreme speed.
• Intuitive and user-friendly interface, allowing both experienced and novice traders to interact with the markets with ease.
• Over 50 indicators and tools.

The software is compatible with any device (fixed or mobile) and operating system (both fixed and mobile, including Windows, Mac, iOS, or Android). The trader can choose which version to use.

Trade using MT4 with HYCM

MT5

An innovative and cutting-edge software, MT5 is undoubtedly the most powerful multi-functional and multi-asset platform in the world. MT5 offers the same functions and tools as the older MT4 but includes significant upgrades for high-performance trading. Despite being primarily designed for professional trading, the platform features a user-friendly interface that makes it suitable for traders of all categories. Intuitive, fast, and fully customizable, MT5 is the right choice for traders looking for a superior trading experience. MT5 offers advanced technical analysis tools, fundamental analysis, flexible trading systems, and compatibility with automated trading applications (trading robots, Expert Advisors), 21 timeframes, 6 types of pending orders, and an integrated economic calendar.

• Possibility to view up to 100 charts simultaneously.
• Hedging available.
• 21 different timeframes.
• One-click trading included.
• Over 80 indicators and essential tools for monitoring the instrument you want to invest in and creating effective strategies.
• All existing order types available.

MT5 is available on any device, and the trader can choose the version that suits their needs.

• For Windows and MAC desktop devices.
• For iOS and Android mobile devices.

Trade on MT5 with HYCM

HYCM App

Not all traders have the opportunity to closely monitor their operations. Work, chores, unexpected commitments are just some of the factors that hinder traders in carrying out their activities. Aware of the issues arising from not having control over their operations, the broker HYCM has created an innovative mobile trading app that allows all clients to have total control anytime and anywhere. HYCM Trader allows trading on stocks, indices, and commodities using the same tools and features offered on the MT5 platform.

• Over 100 instruments to trade on.
• Lightning-fast order execution.
• Custom account settings included.
• Deposits and withdrawals via the app.
• Wide range of charts and indicators (MT5).
• Market news and useful notifications.
• Technologically advanced features (MT5).

Download HYCM Trader

To use HYCM Trader, follow these simple steps:

1. Download the app from your store (iOS or Android).
2. Traders already with an account with HYCM simply need to log in with their credentials. If the trader does not have a verified account, they can open one through the app.
3. Once the account is registered, the client can make a deposit and start investing.

It’s important to remember that the HYCM Trader app is only compatible with the MT5 platform. Therefore, if the client has opted to use MT4, they cannot use it. If the client decides to download and use the app, they can open a new MT5 account either from the official website or directly from the app. For more information, visit the official website and contact the support team.

Download HYCM Trader

Posted by Maria Sanchez

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Maria is an expert of financial markets, bringing all the information from English to Spanish for a better understanding of the online traders. She is also a day trader with experience in developing trading strategies that generate profit while minimizing risk and working under high pressured environment. While being a portfolio manager by herself, she focuses on marketing and consultancy of financial and Insurance products.