Hirose UK รีวิว

On-line since: 2004
Country of origin: UK
Regulation: FCA
Payment options: bank transfer, credit cards, electronic payment systems
Minimum account size: 20$
Minimum lot size: 0.01 lot
Leverage: up to 1:300
Spreads: variable

About the company:

Hirose UK offers a variety of trading solutions to the FX community, including binary options, through both the popular MetaTrader 4, and as its in-house Lion Trader platform.

About company

Hirose (previously called Hirose Tusyo) was founded in Japan in 2004. It provided its clients with foreign exchange trading and investment services.

At the beginning, Hirose was focused on developing its business in Japan. After a successful operation in 2010, Hirose decided to open some subsidiary offices in other countries, founding Hirose Financial UK and becoming the first Japanese forex broker licensed in London, the UK. Nowadays, Hirose Group is one of the largest over-the-counter forex brokers that have subsidiary offices in many foreign countries and provide services of margin forex trading to over 200,000 clients worldwide.

Security of funds

Hirose Financial UK Ltd., operating as Hirose UK, is authorised and regulated by the Financial Conduct Authority (FCA 540244).

All regulated companies must comply with the FCA's strict rules and procedures. For example, British brokerage firms are required to have at least €730,000 in order to prove their financial stability. Moreover, Hirose UK is subject to rules set by the UK financial watchdogs. The broker keeps all customer money separate from the company's own funds.

The broker is also involved in the Financial Services Compensation Scheme (FSCS) which is the most important thing with regard to the safety of funds invested in FCA. In case of the broker’s shortfall, FSCS can cover your investment loss (or funds held in your trading account) up to a maximum of £50,000.

Trading conditions

Hirose UK customers can open one of two available account types, depending on the trading platform they use: LionTrader and MetaTrader 4.

Minimum deposit

Traders are required to make a deposit of at least $20 to open an account with Hirose UK. In comparison, some other brokers regulated by the FCA have set a minimum deposit of $ 250 or higher.

If you are a beginner, we recommend you to check in our rating a regulated broker with a spotless reputation that allows you to trade with $1.

Spreads and commissions

Hirose UK offers floating spreads that vary by account category: the average spreads on the MT4 platform are 1.9 pips on EUR/USD which is a relatively high; the average spreads on the LionTrader account are 0.8 pips on EUR/USD.

Additionally, the broker offers commission-free trading on both accounts as the broker profits from the spread.

Leverage

The maximum leverage in Hirose UK is 1: 300. Such leverage is considered relatively high, although many other brokers regulated by the FCA offer similar or higher leverage rates: up to 1:300 and up to 1:500.

Trading platforms

Hirose UK offers two trading platforms: Lion Trader and the popular MetaTrader 4 (MT4). Both platforms are available as desktop and mobile versions. Lion Trader is easy to use platform providing fast execution speed, 50 built-in indicators, and free downloadable strategies. It is suitable for scalping and hedging.

Like most Forex brokers, Hirose UK supports the popular MT4 trading platform as the MT4 gained credibility among most traders. It is equipped with an advanced chart package, a number of technical indicators, an extensive back-testing environment, and a variety of experts. In addition, the broker has also developed the Lion Binary platform specialized in binary options trading.

Complementary services

The broker offers a demo account and an account with micro lots. Beginners, as well as professional traders, can use them. The former can try their hand at a demo account without losing any money; the latter can hone new strategies trading on micro lots.

Support service

Clients can contact customer support by two phone numbers – UK and international. There is also an email address and a feedback section.

Payment options

Hirose Financial UK offers several ways to replenish your trading account and withdraw funds: credit/debit cards (Visa, MasterCard, Maestro), bank transfer, Skrill, and Neteller. Payments can be made in GBP, EUR, and USD.

Feedback

Traders complain about the long withdrawal of funds from the trading account. What is more, the support service often ignores customers' requests. Speculators who have successfully traded with the broker note that it offers competitive spreads.

Advantages:

• segregated account;
• demo-account;
• MT4;
• micro-lot trade.

Disadvantages:

• high initial deposit;
• website is not user-friendly.