HYCM Questions & Answers

HYCM supports metatrader platforms like mt4 and mt5.

I think the best account for scalping is the classic account. After all, the spreads on this type of account are minimal. If you trade large lots, then a RAW account will be perfect for scalping too. The spreads here start at 0.1 pips. In general, the HYCM broker has convinient conditions that any account is suitable for scalping. The speed of order execution is lightning no slippages confirmed.

The broker has three types of accounts, among them is an account with fixed spreads, the second with floating spreads, as well as an account without a spread, but with a small commission. Since the markets are in constant motion, the spread more or less fluctuates in market conditions. A rapidly increasing spread means not only higher transaction costs for us, but above all, it can knock us out of an already open position. Of course, fixed spread is artificial and predetermined by our broker. However, it has its own advantages: *protects us from potential spread expansions due to lower liquidity, publication of data; * Suitable for novice traders who know the consequences of dynamic spread widening; *may be more beneficial for traders who open positions during periods of low liquidity and leave trades for the weekend, or who play on macroeconomic releases. However, fixed spread has its disadvantages: predetermined spread in most cases is higher than floating spread. By giving us a fixed spread, the broker assumes the risk of its widening, so he sets it above the average level.

There are two main trading platforms which this broker offers. These are MT4 and MT5. The main difference between them is that there are no maintenance of several exotic trading instruments in MT4, whil MT5 provides traders with such an opportunity.

I used to trade a Raw account with Raw Spreads starting at 0.2 pips. Plus there is a commission + $4 per round. Raw Spread account is an account type suitable for experienced traders who want ultra-low, stable spreads. Raw Spread account offers: * Ultra-low spreads; * Fixed trading commission per lot (depending on the trading instrument); * No restrictions on the number of open positions at any given time. As for my trading experience with this account, it fits my trading tactics. I usually open a small number of positions for a long time, so these conditions are the most suitable for me.

I guess Raw account type is just an ordinary account with special features. The minimum deposit is 200$ and some other features. Actually, these distinctions are for the variability of account types.

I prefer to use a raw account for scalping. Here spreads from 0.2 pips + $ 4 commission per round. I think this is the best option.

It all depends on your trading needs. If you are a scalper, I advise you to open a Raw account because it offers the best spreads for scalping. If you don't need scalping, you can choose between a Classic account and a Fixed one. They are both commission-free.

In general, yes. But it seems to me that it is better, it is always better when you yourself control your money. Even this broker teaches this.

I think that a Standard account would be a good choice because in this case you don't need to pay a commission as on a Raw account and spreads are better than on a Fixed account.