HYCM offers a wide range of trading products, allowing clients to gain exposure to various assets and build a diverse portfolio from a single integrated account. Traders can choose from the following products:

Currencies:

Trade major, minor, and exotic currency pairs, including EUR/USD, GBP/USD, USD/JPY, and more. Take advantage of the fluctuations in the foreign exchange market to potentially profit from currency movements.

Commodities:

Access popular commodities such as gold, silver, crude oil, natural gas, and agricultural products. Trade these assets based on supply and demand dynamics and take advantage of price fluctuations.

Metals:

Invest in precious metals like gold, silver, platinum, and palladium. These assets are often considered safe-haven investments and can act as a hedge against inflation and market uncertainties.

Shares:

Trade shares of top global companies across various sectors, including technology, finance, healthcare, and more. Benefit from the performance of individual stocks and capitalize on market trends.

Indices:

Gain exposure to broader market movements by trading indices such as the S&P 500, Dow Jones Industrial Average, FTSE 100, and more. Track the performance of multiple stocks and diversify your trading portfolio.

Go to HYCM’s Official Website

Accessing Comprehensive Trading Tools and Market Information

HYCM provides clients with a range of innovative trading tools and market information directly on the trading platform. These tools are designed to enhance traders’ understanding of products, analyze market trends, simulate trading scenarios, and more. With access to real-time market data, economic calendars, and technical analysis tools, traders can make informed decisions and optimize their trading strategies.

Sign up on HYCM

Margin Requirements and Risk Management

To protect both traders and the platform, HYCM has margin requirements in place. Should a trader’s equity fall below the required margin amount, HYCM may issue a margin call and close any or all open positions to manage risk effectively. It is essential for traders to monitor their open positions continuously, ensure sufficient funds are available in their accounts, and practice responsible risk management.

Start Margin Trading with HYCM

Getting Started with HYCM

The process of starting trading with HYCM is quick and convenient. For CIMA clients, registration, account funding, and trading can be completed within minutes. On the other hand, FCA/CySEC clients need to undergo a suitability assessment questionnaire after registration. Upon being considered suitable, they are required to upload specific documents for verification before funding their accounts and commencing trading.

Go to HYCM’s Official Website

Placing Trades on the MetaTrader 4 (MT4) Platform

HYCM utilizes the widely acclaimed MetaTrader 4 (MT4) trading platform. Placing trades on MT4 is straightforward:

1. Choose Your Currency: Right-click on your desired currency in the Market Watch window and select “New Order.”
2. Adjust Parameters: Set the volume of the trade and other parameters based on your trading strategy. You can specify the trade size, stop loss, take profit levels, and more.
3. Execute the Trade: Click on “Buy by Market” or “Sell by Market” to open the trade based on your desired direction. Confirm the trade, and it will be executed in the market.

Open a Trading Account with HYCM

Downloading and Setting Up MT4

HYCM’s MT4 trading platform can be downloaded directly from the website in just a few minutes. Here’s a simple step-by-step guide:

1. Click on the “Download HYCM MT4” button on the website.
2. A MetaTrader 4 setup window will appear. Read and accept the license agreement, then click “Next” to begin the installation process.
3. Choose the installation folder and select any additional options, such as creating a desktop shortcut. Click “Next” to proceed.
4. The installation progress will be displayed, and once completed, click “Next” to finish the installation.
5. Launch MT4, fill in the required fields for name, country, address, phone, and email.
6. Select the account type, currency, desired leverage, and deposit amount from the drop-down menus.
7. Click “Next” to complete the process.
8. Once the download is complete, the data will automatically update, and price charts will be activated.

Download HYCM MT4

Calculating Swaps and Overnight Interest

Swaps, or overnight finance fees, are calculated based on the interest rate differential between the two currencies in a currency pair. The formula for calculating swaps is as follows:

Interest Rate (%) x Contract Value / 360 = Overnight Finance Fee

The swap amount can be credited or debited to the trader’s account, depending on the interest rate value and the direction of the trade. It’s important to note that the final swap amount will be converted to the trader’s account base currency if it is not denominated in USD.

Go to HYCM’s Official Website

Managing Positions Overnight

For any rolling contract, HYCM deducts or credits an overnight interest fee, also known as a swap fee. These fees depend on current interest rates, trade size, and the open price of the trade. Islamic accounts are exempt from overnight fees for the first 14 days of holding a position and are subsequently charged a standard storage fee of $5 per full contract per night.

Register on HYCM for free

Understanding Leverage and Margin

Leverage allows traders to control a larger position in the market with a smaller amount of capital. HYCM offers leverage ratios such as 1:10, 1:50, 1:100, or 1:200, depending on the size of the position being traded. However, traders should exercise caution when using leverage as it magnifies both potential profits and losses.

Margin is the amount of funds required to open and maintain a leveraged position. Margin requirements are expressed as a percentage and vary depending on the jurisdiction and the account type. For example, a 1% margin requirement means that 1% of the total value of the trade must be deposited into the trader’s account.

Go to HYCM’s Official Website

Understanding Stop and Limit Orders

In addition to market orders, traders can use stop and limit orders to manage their positions. A limit order is placed to fill at a level better than the current market price, while a stop order is placed to fill at a level worse than the market price. These orders allow traders to set specific entry or exit points for their trades based on their desired price levels.

Start Trading with HYCM

Exploring CFD Trading

CFDs (contracts for difference) enable traders to speculate on the price movements of financial instruments without owning the underlying asset. When trading CFDs, the buyer and seller agree to exchange the difference in the instrument’s value between the opening and closing of the trade.

Go to HYCM’s Official Website

Understanding Spreads and Commission

The spread refers to the difference between the ask and bid prices and represents the commission paid to the broker when opening a position. HYCM offers both fixed and variable spreads. Fixed spreads remain constant regardless of market conditions, while variable spreads fluctuate in correlation with market volatility. Variable spreads are typically lower during times of market inactivity and may widen during periods of high volatility.

At HYCM, transparency is paramount, and traders can expect clear information about charges per trade. Two account types are commission-free, while the Raw spread account charges a commission of $4 per round turn.

By offering a diverse range of trading products, comprehensive tools, and a user-friendly platform, HYCM empowers traders to explore various markets and pursue their investment goals effectively.