Check out HYCM’s latest bonus promotions and how to benefit from these offers.
Open HYCM's Bonus Account. Table of Contents
- How to Receive HYCM's Bonuses?
- Step 1: Complete Your Registration
- Step 2: Complete the Financial Profile
- Step 3: Verify Your Identity and Address
- Step 4: Fund Your Account
- Step 5: Engage with Specific Promotions
- Step 6: Monitor Your Eligibility and Compliance
- What is HYCM?
- Comprehensive Regulation and Global Reach
- Exceptional Trading Conditions and Tools
- Advanced Trading Platforms
- Educational Resources and Analytical Support
- Security and Client Support
- HYCM's MetaTrader 4 Platform
- Key Features of MT4 Powered by HYCM
- HYCM's MetaTrader 5 Platform
- Key Features of MT5 Powered by HYCM
- HYCM Trader Mobile App
- Comprehensive Trading Features
- User Experience and Support
- Key Benefits
- HYCM's Trading Account Types
- Overview of Account Types at HYCM
- Fixed Account
- Classic Account
- Raw Account
- Key Features Across All Accounts
- HYCM's Financial Products
- Stocks with HYCM INVEST
- Forex Trading
- CFD Stocks
- Indices
- Cryptocurrencies
- Commodities
- MetaTrader 5 Platform
- HYCM's No Deposit Bonus
- Key Aspects of the No Deposit Bonus
- Eligibility and Activation
- Trading and Usage
- Withdrawal Conditions
- Restrictions and Compliance
- Examples of Bonus Application
- HYCM's Birthday Bonus Overview
- Features of the Birthday Bonus
- Bonus Calculation
- Credit Timing
- Non-Withdrawable Bonus
- Terms and Conditions
- HYCM's First Deposit Bonus Overview
- Features of the First Deposit Bonus
- Bonus Percentage and Calculation
- Eligibility
- Promotion Limitations
- Deposit Requirements
- Trading Volume Requirements
- FAQs about HYCM's Trading Service
HYCM is a well-established and highly regarded trading group that has evolved significantly over the years, offering first-class trading experiences and gaining a trustworthy reputation globally.
The group operates in over 140 countries and is recognized for excellence with over 25 awards.
HYCM is regulated by several top financial authorities, including the FCA, CySEC, DFSA, and CIMA, ensuring a secure trading environment.
The group offers diverse trading instruments with tight spreads as low as 0.1 pips and maintains segregated client accounts for enhanced security.
Additionally, HYCM provides powerful trading platforms like MetaTrader 4 and MetaTrader 5, supporting a wide range of financial products including forex, stocks, indices, cryptocurrencies, and commodities.
How to Receive HYCM’s Bonuses?
Receiving bonuses from HYCM can enhance your trading experience by providing additional trading capital.
Here’s a guide on how to take advantage of the different bonus schemes offered by HYCM:
Step 1: Complete Your Registration
To begin the process, you’ll need to register with HYCM.
This involves a straightforward 3-step registration where you will fill in your personal data, choose an account type, and set your password.
Ensure all information provided is accurate to streamline the later verification steps.
Go to the account opening page
Step 2: Complete the Financial Profile
After registering, complete your Financial Profile.
HYCM requires this step to ensure that CFD trading is appropriate for you, based on your financial circumstances and trading experience.
This transparency is part of HYCM’s commitment to responsible trading.
Step 3: Verify Your Identity and Address
Upload the necessary documents to verify your identity and residence.
This typically includes a government-issued ID and a recent utility bill or bank statement.
HYCM’s website provides detailed information on the required documents and file upload standards.
Step 4: Fund Your Account
Once your account is verified, you can deposit funds.
HYCM offers commission-free deposits via various methods, ensuring you can choose the most convenient option for you.
This step is crucial as most bonuses require a funded account before activation.
Step 5: Engage with Specific Promotions
HYCM offers several types of bonuses, each with its own criteria:
- No Deposit Bonus:
- This bonus does not require a deposit but requires completion of specific trading volume and is typically only available through the HYCM Trader mobile app. To engage, verify your profile and meet the trading requirements as specified in the bonus terms.
- First Deposit Bonus:
- Receive a 10% bonus on your first deposit. This bonus is applied automatically when you start trading activities. Ensure your first deposit meets the minimum required amount to qualify for this bonus.
- Birthday Bonus:
- Available around your birthday, this bonus requires a deposit within 7 days of receiving the birthday email promotion from HYCM. The trading bonus credited is not withdrawable, but profits from trading it can be retained.
- Invite Friends Promotion:
- Earn a cash bonus for each referred friend who opens an account, deposits at least $500, and trades 3 lots. Make sure both you and your friend meet all the eligibility criteria.
Step 6: Monitor Your Eligibility and Compliance
Always check the specific terms and conditions associated with each bonus.
Some bonuses have requirements such as a minimum number of trades, a specific trading volume, or a limited activation period.
Ensure you comply with these requirements to benefit from the bonuses and avoid any reversals or cancellations.
HYCM provides a variety of bonuses designed to suit different types of traders.
By following the steps above and ensuring compliance with the terms and conditions, you can effectively enhance your trading strategy and capital through HYCM’s bonus offerings.
Remember, each bonus type has its specific criteria and some may only be available under certain regulatory jurisdictions.
What is HYCM?
HYCM is recognized as a stalwart in the financial trading industry, boasting over 40 years of operational history and an established presence in more than 140 countries.
Known for its rigorous adherence to regulatory standards and a commitment to providing a high-quality trading experience, HYCM stands as a beacon of trust and reliability in the volatile realm of financial markets.
Comprehensive Regulation and Global Reach
As a fully regulated broker, HYCM operates under the oversight of some of the most respected regulatory bodies in the world, including the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Dubai Financial Services Authority (DFSA), and the Cayman Islands Monetary Authority (CIMA).
This multi-layered regulatory compliance ensures that traders engage with a platform that values security and adheres to international financial standards.
Sign up with a regulated broker
Exceptional Trading Conditions and Tools
HYCM offers an impressive array of trading instruments across multiple asset classes such as forex, indices, stocks, commodities, and cryptocurrencies, making it a versatile choice for traders.
With competitive spreads starting from as little as 0.1 pips and an average execution time of under 12 milliseconds, HYCM provides conditions that are conducive to all trading styles—from the high-frequency day trader to the long-term investor.
Advanced Trading Platforms
The brokerage provides access to industry-leading trading platforms, including MetaTrader 4 and MetaTrader 5, renowned for their advanced technical and fundamental analysis tools.
These platforms support flexible trading systems and automated trading applications, catering to a diverse trader demographic.
HYCM also offers a mobile trading application, the HYCM Trader, which allows users to manage their accounts, access markets, and trade directly from their smartphones, ensuring they never miss a market move.
Educational Resources and Analytical Support
HYCM is committed to supporting its clients’ trading journeys by offering a wealth of educational resources and analytical tools.
Traders can benefit from an economic calendar, trading signals from Trading Central, seasonal investment opportunities via Seasonax, and real-time market insights from Financial Source.
These tools are designed to empower traders by providing them with the knowledge and data necessary to make informed trading decisions.
Security and Client Support
HYCM places a high priority on the security of client funds, partnering with Tier-1 banking institutions and maintaining segregated client accounts for maximum transparency and safety.
Additionally, the company’s client service team is well-equipped to provide professional support, helping traders navigate through their trading platforms and answering any queries they may have.
With its long-standing history, commitment to regulatory compliance, and a focus on providing superior trading conditions and robust support, HYCM remains a preferred broker for traders aiming for excellence in their financial endeavors.
Whether you are new to the markets or an experienced trader looking to diversify your trading strategies, HYCM offers the tools, resources, and environment to achieve your trading goals.
HYCM’s MetaTrader 4 Platform
HYCM offers its traders the highly acclaimed MetaTrader 4 (MT4) platform, renowned for its reliability and wide array of trading capabilities.
As a leading electronic trading platform, MT4 is well-suited for traders of all levels due to its intuitive interface and comprehensive functionality.
Key Features of MT4 Powered by HYCM
- Versatile Trading Across Multiple Asset Classes:
- MT4 at HYCM allows trading in five major asset classes: currencies, stocks, indices, cryptocurrencies, and commodities. This enables traders to manage a diverse portfolio from a single account, simplifying the trading process while providing access to the global financial markets.
- Advanced Technical Analysis:
- The platform is equipped with advanced technical analysis tools that cater to sophisticated trading strategies. Traders can utilize an extensive suite of charts, indicators, and analytical tools to analyze market trends and make well-informed decisions.
- Flexible Trading Systems:
- MT4 supports a range of trading systems that can be tailored to the trader’s style. Whether you prefer manual trading or automated solutions, MT4’s environment is conducive to both. The platform’s ability to support multiple order types and trading policies enhances its adaptability to any trading approach.
- Expert Advisors (EAs):
- For those who are inclined towards automated trading, MT4 is perfect for deploying Expert Advisors (EAs). These powerful automated trading systems can execute trades based on predefined parameters, without requiring manual intervention, thus enabling traders to take advantage of market movements at any time.
- Ease of Installation and Use:
- MT4 is designed for straightforward installation with no need for third-party bridges, making it accessible even to those new to trading. It operates on a 24/5 trading schedule, allowing traders to respond to global market events as they occur.
- Account Types for Every Trader:
- HYCM provides three types of accounts on the MT4 platform:
- Fixed Account: Offers fixed spreads starting from 1.5 pips, suitable for traders who prefer predictable trading costs.
- Classic Account: Features variable spreads beginning at 1.2 pips, ideal for those who seek more flexibility in spread pricing.
- Raw Account: Provides spreads from as low as 0.1 pips with a commission of $4 per round, tailored for high-volume traders who demand the tightest spreads.
- Mobile Trading Capability:
- Recognizing the need for mobility in trading, MT4 is available on Android and iOS, enabling traders to manage their accounts and execute trades directly from their smartphones or tablets. This feature ensures that traders can stay connected to the markets and their trading accounts while on the move.
MetaTrader 4, powered by HYCM, offers a robust trading platform that combines sophisticated trading tools with user-friendly functionality.
It supports a wide range of trading strategies and styles through its advanced technical analysis, flexible trading systems, and mobile trading capabilities.
HYCM’s MetaTrader 5 Platform
MetaTrader 5 (MT5), offered by HYCM, is a sophisticated, multi-functional trading platform that extends beyond its predecessor, MetaTrader 4, to provide an enhanced trading experience.
Known for its versatility and advanced capabilities, MT5 caters to traders of all levels and is designed to handle a range of asset classes through a single account.
Key Features of MT5 Powered by HYCM
- Comprehensive Asset Management:
- MT5 allows trading in diverse asset classes including Currencies, Stocks, Indices, Cryptocurrencies, and Commodities. This versatility makes it ideal for traders looking to expand or diversify their investment portfolios without switching between platforms.
- Advanced Technical and Fundamental Analysis Tools:
- The platform is equipped with sophisticated analytical tools that cover both technical and fundamental analysis. This includes over 80 built-in technical indicators and graphical objects for detailed price analysis, predictive modeling, and pattern recognition.
- Enhanced Trading Systems and Tools:
- MT5 features flexible trading systems coupled with a powerful trading script language, MQL5, to develop trading robots and Expert Advisors (EAs). This functionality allows for the automation of trading strategies, making it perfect for those who prefer algorithmic trading.
- User-Friendly Installation:
- MT5 is designed for easy installation with no need for third-party software, enabling seamless setup and start-up. The platform is available for both desktop and mobile devices, ensuring traders can operate in a flexible trading environment.
- Additional Trading Features:
-
- 21 Timeframes: Offers a broad selection of timeframes, allowing traders to fine-tune their strategies to minute precision.
- 6 Types of Pending Orders: Provides more options for order management, improving the precision and execution of traders’ strategies.
- Integrated Economic Calendar: Direct access to financial news and events helps traders plan their trading strategies around major economic announcements.
- Account Types to Suit Every Trader:
- HYCM offers three main types of accounts on the MT5 platform:
- Fixed Account: Features fixed spreads starting from 1.5 pips, ideal for traders who prefer stable trading costs.
- Classic Account: Offers variable spreads starting from 1.2 pips, suitable for traders looking for cost-effective access to the forex market.
- Raw Account: Provides the lowest spreads starting from 0.1 pips with a commission of $4 per round turn, tailored for high-volume and experienced traders.
- Mobile Trading Capabilities:
- With the mobile version of MT5, HYCM ensures that traders can manage their trading accounts and positions from anywhere in the world. The app is available for both Android and iOS devices, featuring full trading functionality, real-time quotes, and the ability to execute trades on the go.
MT5 by HYCM stands out as a powerful platform that accommodates an extensive range of trading activities and strategies. Whether you are a beginner or a seasoned trader, MT5 offers the tools, features, and flexibility needed to navigate and succeed in today’s complex financial markets.
With HYCM’s backing, traders can leverage MT5’s advanced capabilities to gain a competitive edge in their trading endeavors.
HYCM Trader Mobile App
The HYCM Trader mobile app represents the next step in accessible and efficient mobile trading solutions.
This innovative app allows traders to engage with financial markets directly from their mobile devices, offering a broad spectrum of features designed to support trading activities seamlessly.
Comprehensive Trading Features
- Access to Diverse Markets:
- With the HYCM Trader app, users can trade Forex and CFDs across a wide array of assets including stocks, indices, commodities, and cryptocurrencies. The app offers access to over 300+ assets, ensuring traders can diversify their portfolios without the need to switch between multiple platforms.
- Ultra-Fast Trade Execution:
- The app is designed to execute trades with high speed, which is crucial in taking advantage of market movements that require quick responses.
- Advanced Trading Tools:
- Traders can use multiple charts and indicators provided within the app to perform detailed market analysis. This feature is essential for making informed trading decisions based on real-time data.
- In-App Account Management:
- The HYCM Trader app allows for complete management of trading accounts. Traders can open new live or demo accounts, check balances, deposit and withdraw funds, and conduct internal transfers all from within the app.
- Real-Time Market News and Analysis:
- The app includes a direct feed of market news and an economic calendar that alerts users to significant upcoming economic events. Traders can set up personalized price alerts for their preferred trading instruments to stay informed of specific market movements.
User Experience and Support
- Designed for Ease of Use:
- The HYCM Trader app features a clean and modern interface, focusing on user experience to avoid the common pitfalls of cluttered and complex trading apps. It is intuitive enough for beginners while offering the depth required by advanced traders.
- Support at Your Fingertips:
- HYCM provides robust support directly through the app. Traders can reach out to the customer support team via multiple channels like Live Chat, WhatsApp, Messenger, Skype, Telegram, or Viber, ensuring they can get assistance whenever needed.
- Multilingual Support:
- Catering to a global audience, the HYCM Trader app supports multiple languages including English, Arabic, Italian, and Spanish, making it accessible to a wide range of traders worldwide.
Key Benefits
- Trade Anytime, Anywhere:
- The mobile app ensures that traders are no longer tied to their desktops. Whether on a commute, in a café, or traveling, they can monitor markets, execute trades, and manage their accounts from anywhere in the world.
- Seamless Integration:
- Traders who use HYCM’s desktop platforms like MT4 and MT5 can integrate their trading seamlessly with the mobile app. This integration ensures continuity in trading strategies and account management across different devices.
The HYCM Trader mobile app is an all-encompassing tool that offers everything today’s trader needs to succeed in the dynamic environment of financial markets.
By combining advanced trading functions with stellar support and user-focused design, HYCM continues to be at the forefront of the mobile trading landscape, providing traders with the flexibility and tools necessary for successful trading in the modern age.
HYCM’s Trading Account Types
HYCM provides a range of trading accounts designed to accommodate the varied needs and strategies of traders across the globe. With options suited for beginners to experienced traders, HYCM ensures that every client can find a setup that best fits their trading style.
Overview of Account Types at HYCM
Fixed Account
- Spreads: This account type offers fixed spreads starting from 1.5 pips.
- Minimum Deposit: The minimum deposit required is $20, making it accessible for traders just starting out or testing the waters.
- Leverage: Up to 1:1000, offering significant potential for profit maximization.
- Trading Platforms: Available on HYCM Trader, MT4, and MT5 platforms.
- Expert Advisor Usage: Not allowed, which may be a consideration for those who rely on automated trading systems.
- Asset Access: Traders have access to a wide range of markets including 67 FX pairs, 8 metals, 3 energy sources, 4 commodities, 28 indices, 212 stocks, and 19 cryptocurrencies.
- Swap Free: Available as an Islamic account, which does not incur swap or rollover charges on overnight positions, complying with Sharia law.
Classic Account
- Spreads: Offers variable spreads beginning at 1.2 pips.
- Base Currencies: More flexible options including EUR, USD, GBP, AED, and JPY.
- Expert Advisor Usage: Permitted, making it suitable for those who prefer using automated trading solutions.
- Asset Access: More limited compared to the Fixed account, focusing primarily on 42 FX pairs and 4 metals.
- Swap Free: Also available for Islamic traders.
Raw Account
- Spreads: Features raw, variable spreads starting from just 0.1 pips.
- Commissions: Charges a commission of $4 per round for FX and $5 for metals, with no commission on other assets.
- Trading Platforms: Accessible through MT4 and MT5.
- Expert Advisor Usage: Allowed, providing flexibility for traders who use automated strategies.
- Asset Access: Similar to the Classic account, focusing on FX and metals without access to other asset types like stocks or commodities.
- Swap Free: This account also offers an Islamic version.
Key Features Across All Accounts
- Trade Size:
- All accounts have a minimum trade volume of 0.01 lots, catering to micro-lot trading that is ideal for risk management.
- No Commission on Some Trades:
- Fixed and Classic accounts benefit from no commission charges, reducing trading costs for these account holders.
- Flexible Funding and Trading Options:
- All accounts support multiple base currencies and offer a variety of funding options to suit different trader needs.
- Security and Regulation:
- Each account is backed by HYCM’s commitment to safety, regulated by several major financial authorities worldwide.
HYCM’s diverse account offerings ensure that both new and experienced traders can find options that align with their trading goals and strategies.
Whether prioritizing fixed costs, low spreads, or the use of advanced trading tools, HYCM’s accounts provide the flexibility and features needed to succeed in the dynamic environment of online trading.
HYCM’s Financial Products
HYCM offers a wide array of financial products designed to meet the needs of diverse investors, ranging from individual retail traders to seasoned professionals.
With the ability to trade across multiple markets including stocks, forex, indices, cryptocurrencies, and commodities, HYCM provides a robust platform for financial growth.
Stocks with HYCM INVEST
HYCM allows investors to trade more than 1000 popular stocks without commission, making it cost-effective for traders to manage their stock portfolios.
Starting with as little as $10, HYCM INVEST enables traders to buy fractional shares of major companies.
This feature is especially beneficial for small investors who wish to diversify their portfolios without a significant initial investment.
By investing in dividend-paying stocks through HYCM, traders can generate a passive income stream, adding a valuable component to their investment strategy.
Forex Trading
HYCM offers trading in a vast selection of currency pairs, making it one of the most liquid markets available to traders.
With competitive spreads starting from as low as 0.1 pips and a maximum leverage of 1:1000, forex trading with HYCM is both accessible and dynamic.
CFD Stocks
HYCM provides the opportunity to trade CFDs on stocks from some of the world’s leading brands.
This allows traders to speculate on the price movements of these stocks with a leverage of up to 1:20 and minimal margins.
Invest in Stock CFDs with HYCM
Indices
Traders can engage with over 15 of the world’s most popular indices through HYCM, enjoying the benefits of leverage up to 1:200.
This provides significant exposure to global markets, allowing for substantial portfolio expansion and diversification.
Cryptocurrencies
HYCM users can trade major cryptocurrencies like Bitcoin, Ethereum, and Litecoin without the need to own the actual digital assets.
With a leverage of up to 1:20, traders can capitalize on the volatility of these digital currencies for potential high returns.
Invest in Cryptocurrencies with HYCM
Commodities
HYCM offers the ability to trade a variety of commodities such as gold, oil, and silver.
Trading these commodities as CFDs means traders do not have to deal with the physical goods, but can still capitalize on price changes in the commodities markets.
The maximum leverage available for commodities trading is 1:133.
Invest in Commodities with HYCM
MetaTrader 5 Platform
To facilitate these trades, HYCM utilizes the MetaTrader 5 platform, known for its advanced trading capabilities and accessibility on multiple devices.
This platform supports enhanced technical and fundamental analysis tools, providing traders with comprehensive resources to make informed decisions.
HYCM’s broad range of financial products and the use of an advanced trading platform like MetaTrader 5 make it a formidable choice for traders aiming to diversify their trading strategies across various asset classes.
HYCM’s No Deposit Bonus
HYCM offers a No Deposit Bonus to eligible new customers, providing them with a unique opportunity to begin trading without an initial financial commitment.
This offer is particularly attractive for new traders looking to test the platform and their trading strategies in a real-world environment without the risk of losing their own money.
Key Aspects of the No Deposit Bonus
Eligibility and Activation
To qualify for the No Deposit Bonus, customers must not have previously received this bonus from HYCM.
The offer is exclusively available through the HYCM Trader mobile app, ensuring that users can trade flexibly from any location.
Upon opening an account and verifying their profile, eligible customers receive the bonus which is active for 30 days.
Trading and Usage
The bonus allows trading across various markets, providing a practical experience in HYCM’s trading environment.
Traders must complete a minimum of 3 lots within the 30-day period to retain the bonus and any profits earned.
Withdrawal Conditions
Profits earned from the bonus can be withdrawn up to twice the profit generated from the initial bonus after fulfilling the trade volume requirement.
Withdrawals can be made at the end of the 30-day period if all conditions are met.
If the set conditions are not met within this period, HYCM reserves the right to transfer or adjust the funds.
Restrictions and Compliance
HYCM monitors accounts for any signs of duplicate registration or abuse of the bonus offer.
Accounts suspected of such activities may be blocked, and any bonuses or profits cancelled.
If the account remains profitable at the end of the period, and the trader has met the trading requirements, profits up to twice the bonus amount become eligible for withdrawal or transfer to a standard trading account.
Examples of Bonus Application
- Successful Completion:
- A trader receives the bonus, makes a profit, and completes the required trading volume (3 lots) within 30 days. The trader is then eligible to withdraw profits up to twice the bonus amount.
- Incomplete Volume Requirement:
- If the trader fails to complete the required trading volume, the bonus and a proportion of the profits are removed, reducing the amount available for withdrawal or transfer.
The No Deposit Bonus by HYCM is an excellent initiative for new traders to get a feel for the market and the HYCM trading platform without initial investment.
It not only encourages new traders to learn through actual trading experience but also provides an opportunity to earn real profits.
However, it is crucial for participants to understand and adhere to the terms and conditions associated with the bonus to maximize its benefits.
HYCM’s Birthday Bonus Overview
HYCM offers a special Birthday Bonus to celebrate its clients’ birthdays, providing a unique opportunity to enhance their trading experience during their birthday week.
This bonus is designed to reward clients with extra trading funds as a birthday gift from HYCM.
The Birthday Bonus is available for a limited period, specifically for 7 days from the receipt of the Happy Birthday email from HYCM.
This limited window encourages clients to take prompt action to claim their bonus.
Features of the Birthday Bonus
Bonus Calculation
The amount of the birthday bonus depends on the size of the deposit made by the client within the eligible period.
For instance:
A deposit of $500 earns a $250 trading bonus.
A deposit of $2000 secures the maximum bonus of $500.
The maximum bonus a client can receive is capped at $500 or the currency equivalent, depending on the base currency of the client’s account.
Credit Timing
Once the client makes a qualifying deposit, the birthday bonus will be credited to their account within a reasonable timeframe.
This process is straightforward, allowing clients to start using their bonus for trading activities quickly.
Non-Withdrawable Bonus
It’s important to note that the birthday bonus itself cannot be withdrawn.
However, any profits generated from trading with the bonus funds can be withdrawn.
This stipulation ensures that the bonus serves its purpose of enhancing trading capacity while maintaining the integrity of the promotion.
Terms and Conditions
Clients are advised to review the specific terms and conditions related to the Birthday Bonus as outlined by HYCM.
Understanding these details will help in maximizing the benefits of the bonus without misunderstanding its limitations.
The bonus and its implications are subject to compliance with HYCM’s overall terms of business, ensuring that the promotion operates within the regulatory framework established by the broker.
HYCM’s Birthday Bonus is an attractive offer for clients looking to increase their trading leverage around their birthday.
While the bonus itself is not withdrawable, the flexibility to withdraw profits generated from it adds a valuable boost to the traders’ resources.
This bonus not only celebrates the client’s special day but also enhances their potential to achieve better trading outcomes with the additional funds.
HYCM’s First Deposit Bonus Overview
HYCM offers a welcoming financial incentive for new clients in the form of a 10% first deposit bonus.
This bonus is designed to provide an added boost to new traders as they begin their trading activities on the platform.
Features of the First Deposit Bonus
Bonus Percentage and Calculation
New clients are eligible to receive a 10% bonus on their initial deposit.
This means if a new client deposits the minimum required amount of $100, they will receive an additional $10 in their trading account to use for trading activities.
The maximum bonus a client can receive under this promotion is $5,000, which applies to much larger initial deposits.
Eligibility
This bonus is available to all new clients of HYCM who are regulated under the Cayman Islands Monetary Authority, ensuring that the offer adheres to specific regulatory standards.
It is important to note that this bonus is not available to clients under HYCM Capital Markets (UK) Limited and HYCM (Europe) Limited.
Promotion Limitations
The first deposit bonus is exclusive and cannot be combined with any other promotional offers provided by HYCM.
This ensures clarity and simplicity in the bonus’s application and use.
Deposit Requirements
Clients must deposit new funds of at least $100 to qualify for the bonus, making it accessible to a broad range of investors.
Trading Volume Requirements
For every $1,000 bonus awarded, the client must trade 30 standard lots within 60 days after receiving the bonus.
This requirement encourages active trading and ensures that the bonus serves its purpose of enhancing trading volume on the platform.
If the client does not meet the required trading volume within the specified timeframe, HYCM reserves the right to reverse the bonus.
This clause is crucial as it ties the bonus to actual trading activity, ensuring that the incentives provided are used for their intended purpose.
HYCM’s first deposit bonus is an excellent opportunity for new traders to increase their trading capital right at the start of their trading journey.
By understanding and adhering to the terms associated with this bonus, traders can maximize their potential benefits while enjoying an enhanced trading experience with HYCM.
FAQs about HYCM’s Traing Service
- What is HYCM?
- HYCM is a globally recognized trading group that has been evolving and adapting over the years, consistently delivering a first-class experience to its clients. It is known for its reliability and excellent reputation in the financial trading sector.
- What regulatory bodies oversee HYCM?
- HYCM is regulated by several respected bodies including the Financial Conduct Authority (UK), Cyprus Securities and Exchange Commission, Dubai Financial Services Authority, and the Cayman Islands Monetary Authority, ensuring compliance with high financial standards.
- What types of trading does HYCM offer?
- HYCM offers trading across various asset classes including forex, indices, stocks, and commodities, with spreads starting from as little as 0.1 pips.
- What are HYCM’s account types?
- HYCM offers several account types including Fixed, Classic, and Raw, each tailored to different trading styles and offering unique benefits such as variable spreads and access to multiple markets.
- Is mobile trading available with HYCM?
- Yes, HYCM provides mobile trading through the HYCM Trader app, which allows users to manage accounts, trade, and monitor markets directly from their smartphones.
- What promotional bonuses does HYCM offer?
- HYCM offers several promotional bonuses such as a No Deposit Bonus, a Birthday Bonus, a First Deposit Bonus, and an Invite Friends Bonus, each with specific terms and eligibility criteria.
- How does the No Deposit Bonus work?
- The No Deposit Bonus allows traders to trade without an initial deposit for 30 days, with profits withdrawable under certain conditions like completing a minimum number of lots traded.
- What is the First Deposit Bonus?
- New clients receive a 10% bonus on their first deposit, subject to trading a certain number of lots within 60 days, with a maximum bonus limit of $5,000.
- Can you withdraw the Birthday Bonus?
- The Birthday Bonus itself is not withdrawable, but any profits made from trading with it can be withdrawn.
- What is the Invite Friends Bonus?
- HYCM offers a $200 bonus for each new client referred who meets the deposit and trading requirements, with the bonus added monthly and subject to specific terms.
Please check HYCM official website or contact the customer support with regard to the latest information and more accurate details.
HYCM official website is here.
Please click "Introduction of HYCM", if you want to know the details and the company information of HYCM.
(Forex Broker)
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!