What are the features of the Demo account on Henyep Capital Markets?
Asked 4 years ago
Hi guys, I'm looking to try something new. Have any of you ever tried HYCM? I'm looking to open a demo investors account. Do you know if they have any good services and features? Let me know your opinions.
Arthur Nwosu
Sunday, August 22, 2021
From what I can see, the demo account offers
- A leverage of 1:100
- Amounts ranging from 3000-500000$(virtual- not real)
- On the platform, you can trade assets like currency pairs, some futures market(not all futures market), a few crypto currencies, stocks(a couple of them), gold, etc.
To save yourself the trouble , if you use Metatrader, simply open up the app, where you have the broker option, type in HYCM. Create the demo account. If what they offer does not appeal to you, you could simply opt out from using them.
Andrew Moran
Monday, September 06, 2021
Henyep Capital Markets has been around since 1977 and it is regulated by two tier-1 jurisdictions and two tier-2 jurisdictions. This gives users more confidence to trade foreign exchange and Contract for Differences (CFDs).
When it comes to demo investors accounts, it functions similarly to other demo services on other trading platforms.
So, here is what you can expect when you have an HYCM demo account.
You are funded with $50,000 in virtual cash. This money is active for 14 days. Once the two-week period is over, you can easily upgrade to a real-cash account.
It should be noted that demo accounts do not expire unless there is zero activity on the account after three months.
The demo account runs on the MetaTrader 4 (MT4) platform and is managed with the U.S. dollar and the euro.
You can practice trade with a broad array of assets, such as cryptocurrencies, stocks, commodities, and currency pairs.
If you wish to practice with leverage, the ratio offered is 1:100.
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