HYCM offers a good number of account types:
- HYCM Demo account
- HYCM Fixed account
- HYCM Classic account
- HYCM Raw account
- HYCM VIP account
- HYCM Islamic account
What types of trading accounts are available at HYCM?
Below you will find a complete list of all account types available to traders on HYCM, with details on features and useful information for choosing.
Certain financial instruments and features might not be available to you according to your country of residence and the regulations in place. This includes points such as a leverage of up to 1:30 for retail clients in Europe, the UK, and Australia.
HYCM fixed account: Best for fixed spread trading
- Availability: Under CySEC, FCA, DFSA, CIMA.
- Markets: Forex, stocks, indices, commodities, cryptocurrencies, ETFs (100+ assets in total).
- Commissions: Fixed spreads from 1.5 pips. You’ll be charged a rollover fee if you hold a position overnight.
- Platforms: MT4, MT5.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:30 (CySEC, FCA), up to 1:50 (DFSA), up to 1:500 (CIMA).
- Account opening: Demo account lasts for 14 days and there is a minimum deposit of $100 to switch to a live account.
HYCM classic account: Best for day traders
- Availability: Under CySEC, FCA, DFSA, CIMA.
- Markets: Forex, stocks, indices, commodities, cryptocurrencies, ETFs (100+ assets in total).
- Commissions: On this account, you will face floating spreads starting 1.2 pips; a rollover fee if you wish to open positions overnight.
- Platforms: MT4, MT5.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:30 (CySEC, FCA), up to 1:50 (DFSA), up to 1:500 (CIMA).
- Special features: EAs are available to trade with this account.
- Account opening: You have a 14-day risk-free account and then you may switch to a live account with a $100 minimum deposit.
HYCM raw account: Best for low spreads
- Availability: Under CySEC, FCA, DFSA, CIMA.
- Markets: Forex, stocks, indices, commodities, cryptocurrencies, ETFs (100+ assets in total).
- Commissions: Spreads from 0.1 pips and a commission of $4 per round turn. If you wish to keep open positions overnight you’ll be charged a rollover fee.
- Platforms: MT4, MT5.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:30 (CySEC, FCA), up to 1:50 (DFSA), up to 1:500 (CIMA).
- Special features: EAs are available to trade with this account.
- Account opening: There is a demo account valid for 14 days; to switch to a live account you need to deposit at least $200.
HYCM VIP account: Best for high-volume traders
- Availability: Under CySEC, FCA, DFSA, CIMA.
- Markets: Forex, stocks, indices, commodities, cryptocurrencies, ETFs (100+ assets in total).
- Commissions: Spread varies according to the account type selected. You’ll be charged a rollover fee if you hold a position overnight.
- Platforms: MT4, MT5.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:30 (CySEC, FCA), up to 1:50 (DFSA), up to 1:500 (CIMA).
- Special features: Improved spreads on fixed accounts; a dedicated account manager; detailed market analytics.
- Account opening: VIP traders or corporate only; demo account lasts for 14 days and the minimum deposit goes according to the account types.
HYCM Islamic account: best for Muslim traders
- Availability: Under CySEC, FCA, DFSA, CIMA.
- Markets: Forex, stocks, indices, commodities, cryptocurrencies, ETFs (100+ assets in total).
- Commissions: Spread depends on the account type selected.
- Platforms: MT4, MT5.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:30 (CySEC, FCA), up to 1:50 (DFSA), up to 1:500 (CIMA).
- Special features: Trading without swap.
- Account opening: Try a risk-free demo for 14 days for a live account the minimum deposit changes according to the account type selected.
What happens to inactive HYCM trading accounts?
After a period of 90 consecutive days with no trading activity, your account will be considered inactive.
A monthly fee of $10 is charged until you resume trading activity, or your balance falls to zero and your account might be closed by HYCM. In such a case you can only create a new account.
If you resume your trading activity and you have recently been charged an inactivity fee, you can ask customer service for a refund if you make a deposit of at least $50.
To learn more, read our HYCM review.