HYCM provides a range of trading account types tailored to different trader profiles, including beginners, retail traders, high-volume professionals, and fund managers.
Available accounts include the Fixed Account (with fixed spread), the Classic Account (ideal for day traders), the Raw Account (with low spread), and the Islamic Account (swap-free for Muslim traders). Advanced traders and money managers can access the VIP Account, which offers higher leverage, lower margin requirements and additional benefits.
Each HYCM account type has distinct pricing models and offers platform compatibility across MT4 and MT5.
The availability of the HYCM account types is subject to Regulatory compliance, trader expertise, and regional restrictions.
What types of trading accounts are available at HYCM?
The HYCM account types are listed below.
- HYCM Demo account
- HYCM Fixed account
- HYCM Classic account
- HYCM Raw account
- HYCM VIP account
- HYCM Islamic account
HYCM Fixed Account: Best for fixed spread trading
The HYCM Fixed Account is available under CySEC, FCA, DFSA, and CIMA regulations. It offers access to over 100 assets and this account features fixed spreads starting from 1.5 pips, with a minimum trade size of 1 micro lot and leverage up to 1:30 (CySEC, FCA), 1:50 (DFSA), or 1:500 (CIMA).
The features of the HYCM Fixed Account are listed below.
- 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
The HYCM Classic Account is designed for day traders under CySEC, FCA, DFSA, and CIMA regulations. It provides access to over 100 assets and this account offers floating spreads starting from 1.2 pips, with a minimum trade size of 1 micro lot and leverage up to 1:30 (CySEC, FCA), up to 1:50 (DFSA), up to 1:500 (CIMA).
The features of the HYCM Classic Account are listed below.
- 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
The HYCM Raw Account is tailored for traders seeking low spreads under CySEC, FCA, DFSA, and CIMA regulations. It grants access to the same asset range as the other accounts. This account features spreads from 0.1 pips, accompanied by a $4 per round turn commission, with a minimum trade size of 1 micro lot.
The features of the HYCM Raw Account are listed below.
- 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
The HYCM VIP Account is intended for high-volume traders or corporate clients under CySEC, FCA, DFSA, and CIMA regulations.This account provides improved spreads on fixed accounts, a dedicated account manager, and detailed market analytics, with trade sizes starting from 1 micro lot.
The features of the HYCM VIP Account are listed below.
- 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
The HYCM Islamic Account is available under CySEC, FCA, DFSA, and CIMA regulations, catering to Muslim traders. It offers access to over 100 assets, such as forex, stocks, indices, commodities, cryptocurrencies, and ETFs. This account complies with Shariah law by not charging swap fees.
The features of the HYCM Islamic Account are listed below.
- 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.
How to compare the HYCM trading accounts?
The table to compare the HYCM trading accounts is shown below.
| HYCM Account Types | Minimum Deposit ($) | Minimum Spread (pips) | Volume-based Commissions | Overnight Fees | Minimum Trade Size (lots) |
|---|---|---|---|---|---|
| HYCM Fixed Account | 100 | 1.5 | None | Yes | 0.01 |
| HYCM Classic Account | 100 | 1.2 | None | Yes | 0.01 |
| HYCM Raw Account | 200 | 0.1 | $4/lot round turn | Yes | 0.01 |
| HYCM VIP Account | Varies | Varies | Depends on account type | Yes | 0.01 |
| HYCM Islamic Account | Varies | Depends on account type | None | No | 0.01 |
What are the requirements to open a HYCM account type?
The requirements to open a HYCM account are listed below.
- Contact requirements: The contact requirements of HYCM include a valid email address and a valid phone number
- Age requirements: The age requirement at HYCM is that you must be over 18 years old to open an account
- Legal requirements: The legal requirements at HYCM include complying with KYC laws by verifying your identity with documents such as a passport or utility bill.
- Minimum deposit requirements: HYCM minimum deposit to activate a live trading account is $100
- Regulatory requirements: The regulatory requirements at HYCM stipulate that you must be a resident in a country where the broker operates
- Knowledge requirements: The knowledge requirements at HYCM include answering questions about your trading experience and financial knowledge before accessing complex financial products.
Do HYCM account types charge inactivity fees?
Yes, HYCM account types charge inactivity fees when an account remains dormant for a specific period. If no login activity occurs for 90 consecutive days, HYCM deducts a $10/monthly fee from the available balance. This fee does not apply to accounts with no remaining funds, and it stops once the user logs in again.
HYCM defines an account as inactive when it has not been used for trading or other transactions for a certain number of months. Once the account reaches this status, the broker deducts a fee periodically. The charges continue until the account balance reaches zero or the trader resumes activity.
Demo accounts at HYCM are exempt from inactivity fees because they operate as trial accounts with virtual money. Traders using them owe nothing to the broker, and even if they abandon these accounts, HYCM fees do not apply. The broker does not deduct any charges from demo accounts, as they are meant for practice rather than real trading.
To learn more, read our HYCM review.