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Hirose UK Hirose UK Review and rating

Hirose UK Review | Hirose forex broker

RATING: 3 / 0 REVIEWS Hirose UK
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Trading Accounts

 

Account type/Platform Minimum deposit  Minimum trade size Maximum leverage Average Spreads
Lion Trader $20 0.1 1:300 0.8 pips on EUR/USD
MT4 $20 0.01 1:300 1.9 pips on EUR/USD

 

Clients of Hirose UK can sign up for one of 2 available account types, depending on the trading platform used: LionTrader and MetaTrader 4. Both account types are commission-free and traders may use leverage up to 1:300.


The Company


Hirose UK is the London-based subsidiary of Hirose Tusyo of Japan. The Osaka-based company  (listed on the Japanese Stock Exchange as of March 2016), was established in 2004 and is now one of the largest Over-The-Counter (OTC) forex providers. The Hirose Group has a global presence, providing margined FX services to more than 200,000 clients worldwide.


Hirose Financial UK Ltd., operating as Hirose UK, offers multiple trading solutions to the FX community (binaries included) through both the popular MetaTrader 4, and as its in-house Lion Trader platform.


Security of Funds


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


All FCA-regulated companies are required to observe strict rules and procedures. For instance, UK brokerage firms are obliged to hold at least €730 000 in order to prove their financial stability.

What is more, Hirose UK is subject to the client money rules set by UK’s financial watchdog and keeps all client money separated from the company`s own funds into segregated accounts.


Probably most important with regard to safety of funds invested in FCA-regulated firms is the Financial Services Compensation Scheme (FSCS) coverage. In the event of a shortfall, FSCS is able to cover your investment loss (or the funds held in your trading account) up to a maximum of £50,000.


Trading Conditions


Minimum Initial Deposit
Traders are required to deposit $20 in order to open an account with Hirose UK, which is a low minimum initial amount. In comparison, other FCA-regulated forex brokers, like forex.com, require $250, and HY Markets - $50.


Average spreads & Commissions

Hirose UK offers floating spreads, which vary by account category: average ones on the MT4 platform amount to 1.9 pips on EUR/USD, which is a comparatively high value; while spreads on the LionTrader, averaged 0.8 pips on EUR/USD, are attractively low.


What is more, clients take advantage of commission-free trading on both accounts, as the broker gets its remuneration through the spread.


In comparison, Trading212 provides variable spreads amounting to 0,9 pips on EUR/USD on its commission-free accounts. For further information, you may look up real-time spreads of 15 leading brokers may be viewed here

 

Leverage
The maximum leverage rates at Hirose UK are up to 1:300. Such leverage is considered comparatively high, although many other FCA-regulated brokers offer similar or higher leverage rates: HY Markets also provides leverage up to 1:300 and FxPro - up to 1:500. More forex brokers offering leverage equal to or exceeding 1:500 can be views here.


Higher leverage ratios may multiply your earnings on a small deposit, but they may also lead to heavy losses, exceeding initial investments. That is why limitations on leverage rates are set in several jurisdictions (i.e. 1:50 in the USA), and we advise traders to exercise caution when using higher leverage levels.


Trading Platforms


When trading with Hirose UK, you will be offered their proprietary Lion Trader and the popular Metatrader 4 (MT4), both available as desktop and mobile versions.


Lion Trader is simple and easy to use platform, providing fast execution speed, 50 built-in indicators and free downloadable strategies. It is good for scalping & hedging.

 

Hirose Uk's Lion Trader

Like most forex brokers, Hirose UK supports the popular MT4 trading platform. It is preferred by most experienced traders, because it is equipped with an advanced charting package, a number of technical indicators, extensive back-testing environment and a variety of Expert Advisors (EAs).

What is more, the broker has also developed a platform specialised in trading in binary options, called Lion Binary Pro.

 

Promotions
At the time of writing this review, the broker offered the following bonus schemes:


- 100% Welcome bonus on first deposit up to $ 500;
- $ 10 Refer a friend bonus for each friend who opens a live account.


Methods of Payment


Clients of Hirose UK can make deposits to and withdrawals from their accounts via credit/debit cards (Visa, MasterCard, Maestro), bank wire, Skrill, and Neteller.


Accepted currencies: GBP, EUR and USD.


Conclusion


Part of a Global group, Hirose UK is a reliable award-winning STP broker, providing attractive conditions for trading various currency pairs and binary options. In a nutshell, here are the advantages and disadvantages with regards to this broker:

 

Pros  Cons
FCA-regulated No Islamic accounts
Competitive spreads  
Low initial deposit  
STP execution  
Choice of trading platforms, MT4 available   

 

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Traders` reviews for Hirose UK

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