HYCM Sign Up Bonus

 

A HYCM sign up bonus Review

 

HYCM Sign up Bonus

 

A first time HYCM sign up bonus of 10% is offered by HYCM.

Traders who register a real account with HYCM are provided with this bonus during first time sign up after their first initial deposit. This bonus is also known as a welcome bonus and it is only available to new traders.

Unfortunately, this deposit bonus is not available to traders within the EU or the UK.

Once the first deposit has been made into the trader’s account, the bonus will automatically be added to their trading account as soon as they commence trading activities.

Brokers often offer these broker bonusses to new traders in an effort to draw in more customers in addition to encouraging trading activities. Offering a deposit or welcome bonus is the best way in which to assure traders that they will receive some money back depending on the initial deposit made.

Various brokers also offer no deposit bonuses to traders in the same effort to draw in more customers and bonuses like this may aid not only the broker in acquiring new clients, but also traders who have strict budgetary restrictions.

 

Referral Bonus

 

HYCM offers new and existing traders and loyal customers with unlimited referral bonus which provides them $200 for each successful referral who registers a real account with HYCM.

 

To qualify for this bonus, traders have to share their unique referral link with friends and family members and in order to receive the $200, the following criteria has to be met:

  • The referral must register a real account with HYCM and make their first deposit of at least $500.
  • In addition, the referral has to trade 3 lots.

 

Should these conditions be met, the trader will qualify for the bonus. This referral bonus is only available to traders and referrals who register real accounts, demo account holders will not be eligible to qualify for the bonus.

 

Additional bonuses, promotions and rewards

 

HYCM does not currently cater for any other trading bonuses and there are no current initiatives to reward loyal customers other than through the unlimited referral bonus.

Trading bonuses serve the purpose of encouraging traders to increase their trading activity in addition to trading higher volumes to gain access to bonuses that offer some cashback.

Brokers often have contests in which traders can participate against other traders. These contests often encourage the trading of higher volumes and work according to a subsequent ranking system according to the trader and the volumes they have traded.

 

Pros and Cons

 

PROS CONS
1.      10% deposit bonus, also known as welcome or first time sign up bonus offered 1.      No deposit bonus not offered
2.      Unlimited referral bonus offered  

 

Conclusion

 

HYCM makes provision for new traders who register a real account by providing the with 10% back on their initial deposit in addition to having a referral bonus which is unlimited and provides a generous amount as cashback for referring friends and family members.

Despite not offering trading bonuses to encourage traders to trade higher volumes, HYCM offers traders with a comprehensive and extensive offer that very few brokers will be able to best.