On this page, we will thoroughly review the most experienced Forex brokerage among Iranians, namely HYCM Broker and HYCM. CM Brokers is the oldest Broker that Iranians can now use its services.
| Broker name | HYCM |
| Established year | 1977 AD |
| Spread rate | Down |
| Central office | Cyprus |
| Regulation | FCA - CYSEC |
| Minimum deposit | $ 100 |
| The easiest way to deposit and withdraw | Rials with web hosting exchange |
Cent Account
Copy Trading
Spread Reduction Trick
Islamic Account
Permission To Trade Scalping
The following pdf file explains how to register with HYCM Broker.
Click on the image below to download.
In addition to a long history, this Broker also uses two potent regulators.
The CYSEC and FCA regulations ensure the security of clients’ funds in the HCM broker.
Financial Conduct Authority (FCA)
Cyprus Securities and Exchange Commission – CYSEC
Below, you can see the image of the HYCM contract with these two regulators.
HYCM Broker is headquartered in Cyprus.
CM Brokers was established in 1977.
HYCM Broker is one of the oldest brokers in the world.
You can see the available details of different HYCM broker accounts in the table below. By comparing these accounts, you can make the best choice for opening a trading account.
| Profile / account name | RAW | CLASSIC | FIXED |
|---|---|---|---|
| Minimum deposit for opening | $ 200 | $ 100 | $ 100 |
| Maximum leverage | 1: 500 | 1: 500 | 1: 500 |
| Spreads | Floating of 0.1 pips | Floating of 1.2 pips | Floating of 1.5 pips |
| Ability to trade currency pairs | Yes | Yes | Yes |
| Ability to trade stocks and indices | Yes | Yes | Yes |
| Possibility of digital currency trading | Yes | Yes | Yes |
| Commission | $ 8 commission per Herlat | does not have | does not have |
| Permission to use Expert | Yes | Yes | NO |
| Scalp permission | NO | NO | NO |
The raw account, which is the best account offered by HYCM Broker, opens with a minimum deposit of $ 200. The spread of this account is meager and small, but you have to pay a commission equal to $ 8 per hectare to use the raw account. You are not allowed to close your trades in this account less than two minutes after opening the business.
The classic HYCM brokerage account has a relatively medium spread and opens with a minimum deposit of one hundred dollars. This high-quality account leverage of 1: 500 is the maximum leverage ratio offered to customers.
The Hycm Broker Fix Broker account is excellent and efficient because, in addition to opening for just $ 100, it does not have a floating spread, and the distance does not change at different times. Usually, such accounts have slightly higher spreads than floating accounts, but in the HYCM Broker, the spread rate is lower than the fixed accounts of other brokers.
HYCM’s long-established brokerage has provided competitive conditions in its accounts. By reducing the number of spreads the Broker has applied to its reports, hycm can be considered a broker with a low spread. It is beautiful that a very experienced and safe broker also has a low spread.
The biggest drawback of HYCM Broker is that it does not allow traders to close the trades they open in less than two minutes and exit the business. This limitation makes scalpers not see the hycm Broker as a good choice, although the high quality of the Broker’s accounts has attracted many traders.
it is also possible to deposit and withdraw money transfer systems, such as web money and Skrill.
One of the critical points in HYCM broker deposits is that the Broker will give you a 10% deposit bonus no matter how much you top up your account. For example, if you top up your account with $ 1,000, your report will be charged $ 1,100, with which you can trade $ 1,100.
It is possible to activate an Islamic account in HYCM Broker. If you want to Islamize your account, after opening a report in the Broker, ask for the Broker’s support to Islamize your account. In Islamic accounts, transactions will not be deducted from the swap or overnight interest.
The possibility of depositing and withdrawing with one of the internet exchanges in Rials is readily available in HYCM Broker. When you deposit this Broker, the guide file of this deposit and withdrawal will be available with the support of HYCM.
Of course, it is also possible to deposit and withdraw with money transfer systems, such as web hosting and Skrill.
One of the critical points in HYCM broker deposits is that the Broker will give you a 10% deposit bonus no matter how much you top up your account. For example, if you top up your account with $ 1,000, your report will be charged $ 1,100, with which you can trade $ 1,100.
Confirmation of email and mobile number is required. To verify your identity and use the Broker’s facilities, you also need to send a picture of your national card or one of your official identification documents to the Broker.
Also, ask the broker support for help to confirm the address. Finally, you will be asked to submit your address in English to the Broker. With the Broker’s tips, this is not a complex process.
For a minimum of $ 100, you can open a rail account at HYCM Broker and get started.
The brokerage’s servers are available with MetaTrader 4 and Catatrader 5 trading platforms. The good news is that the Broker supports both platforms 4 and 5.
First, enter the HYCM broker site through the following link.
