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HYCM accounts and how they score

Account range and entry terms feed the rating. Here are HYCM's accounts and the facts the score is built on.

Facts last checked . Read the full HYCM review.

Accounts

Minimum deposit
$20
Account types
Fixed, Classic, Raw, Islamic/Swap-Free, Professional, Demo
Account currencies
EUR, USD, GBP, AED, JPY
Islamic account
Yes
Demo account
Yes
Professional account
Yes
Minimum trade size
0.01 lots
Time to open
Typically a few minutes

What this means

HYCM runs 6 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: EUR, USD, GBP, AED, JPY. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is 0.01 lots. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Questions about HYCM accounts

What account types does HYCM offer?

HYCM offers 6 account types: Fixed, Classic, Raw, Islamic/Swap-Free, Professional, Demo.

What is the minimum deposit at HYCM?

The minimum deposit at HYCM is $20. It can differ by account type and by the entity you register with.

Does HYCM offer an Islamic account?

Yes. HYCM offers a swap-free account for clients who need one.

Accounts at brokers under the same regulator

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