Comment on HYCM

<p>To my mind the main advantage of this broker is that it allows to choose between floating and fixed spreads. I personally chose fixed spreads because they are good for high volatility trading. Respectively, if you intend to trade in a high volatility session, you’d better open a Fixed account. It’s quite a universal account,except for scalping. If you like to scalp, open a Raw account because it offers tight spreads.</p>

<p>Yes, HYCM broker has really different three types of accounts in terms of trading conditions. How to determine which type of account is right for you? Probably it depends on your trading type first of all. To determine that, you should take into consideration how many positions you open, whether you prefer to trade on the news or on a quiet market, whether you trade at night or in the evening, or during European and American sessions. All this affects the choice of trading account.<br> For example, even though I like to trade on the news, I chose for myself an account with floating spreads, because at this broker I didn’t notice significant spread widening, so I make much more profit on this account.<br> You can start with an account with fixed spreads, that’s what all newbies usually do.</p>