HYCM Broker Review

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.

Rate This Broker

HYCM 86%

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

What you will read on the HYCM broker page:

HYCM Broker Registration Training

The following pdf file explains how to register with HYCM Broker.
Click on the image below to download.

HYCM Broker Registration Training

Which countries have the most HYCM broker clients?

HYCM Broker Credit

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.

HYCM Broker Rules Agreement

Financial Conduct Authority (FCA)
Cyprus Securities and Exchange Commission – CYSEC

Below, you can see the image of the HYCM contract with these two regulators.

Where is Hycm Broker headquartered?

HYCM Broker is headquartered in Cyprus.

What is the history of Hycm Broker?

CM Brokers was established in 1977.

HYCM Broker is one of the oldest brokers in the world.

Table of introduction and comparison of types of accounts in HYCM Broker

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

Open a RAW account in hycm Broker.

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.

Open CLASSIC account in Hycm Broker

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.

Open a FIXED account in Hycm Broker.

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.

The spread rate in HYCM Broker

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.

HYCM Broker Restriction

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.

Trick to reduce spreads in Hycm Broker

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.

Islamic account in HYCM Broker

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.

Deposit and withdrawal in HYcm Broker

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.

What documents are required to authenticate and open an account at HYCM Broker?

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.

How much capital can a real account be opened in a hycm brokerage?

For a minimum of $ 100, you can open a rail account at HYCM Broker and get started.

Hycm trading platforms

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.