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Here’s what consumers have asked with answers from HYCM staff and previous consumers.
Leverage here depends on the asset which you got used to trade. For example, if you trade only forex, then maximum leverage here is 1:200, but if you're fond of trading cryptocurrency, then leverage here is 1:20.
HYCM offers a 10% first deposit bonus added automatically to your account when you commence trading activities. All references to HYCM refer solely to HYCM Limited regulated under the Cayman Islands Monetary Authority. You can find more detailed information about the bonus on the broker's official website. Good luck!)
The broker actively encourages traders to invite their pals to the platform and the company is ready to generously reward for this. It's possible to get up to $200 for every friend invited to the site if he registers an account with the broker, deposits $500 and trades with the overall turnover of 3 lots. For more details visit the official website of the broker.
Thus, for those who do not know what FxPro Direct is, this is the Personal Account on the broker's website. In contrast to many companies, where the Personal Account is reduced to funding and withdrawing, there are more useful features. Yes, by the way, to get into FxPro Direct, you just need to register or login, if you have already done it. You don't need to have a live account to benefit from this service. Even a demo account will be enough for you. What benefits does FxPro Direct bring? Most of all, I like the Tools Tab. You can find in it the trading ideas feed on Trading Central. This is a partner of this broker, which supplies signals and other useful things for traders. You can also enable FxPro Squawk. This is a cool feature with an audible alert to enter a deal. And of course, the Trader panel, Economic Calendar, and Market News. In my opinion, this is a classic set for any broker.
In fact, I don't think that account type is the most important thing you can think about when you choose a broker. In comparison, each account type has its advantages and disadvantages, and it depends on you which one to choose. You just have to understand that the choice of account type should be 100% dependent on your strategy. A Fixed spreads account is better for long- and medium-term strategies, but bad for short-term strategies. Fixed spreads account is 90% higher than variable, so it is bad for scalping. Classic (Standard) is good for short-term strategies. Spreads are variable, but in most situations they will be lower than with a fixed account. Another type of account is the Raw account. I have not tested it, but I think it can be very promising, considering that it is very low spreads + $4 per round.
Yes, when I chose a broker, I noticed that in many HYCM reviews people mark it as a broker's advantage. Indeed, a strong analyst is a positive side of HYCM. There are three different sub-sections of analytics. The first one is calculators, quite convenient, because it allows traders to calculate many options and scenarios directly on the broker's website (they do not even require registration). 1) Pip calculator. Allows you to calculate pips 2) Currency converter 3) Margin calculator Also, there's a market outlook for those who want to receive part of fundamental analysis. If you mean personal analytics, I haven't encountered it, although personal managers tend to be very well-versed and personally gave me very valuable advice about the market. I think this is enough for successful trading.
