Hirose UK offers a variety of trading solutions for the FX community (including binary options) both through the popular MetaTrader 4 and on its own Lion Trader platform.
history of the company
Hirose (old name Hirose Tusyo) was founded in Japan in 2004 and offered foreign exchange trading and investment services.
Hirose has focused on developing its business in Japan. After successful business in 2010, Hirose decided to expand outside their home country by founding Hirose Financial UK and becoming the first Japanese Forex broker to be licensed in London, UK.
The Hirose Group is today one of the largest OTC Forex providers with a global presence and FX margin services to over 200,000 clients worldwide.
Hirose Financial UK Ltd., doing business as Hirose UK, is authorized and regulated by the Financial Conduct Authority (FCA 540244).
All regulated companies must comply with strict FCA rules and procedures. For example, British brokerage companies are required to have at least 730,000 euros, which will prove the financial stability of the broker.
Moreover, Hirose UK obeys the rules set by the UK Financial Watchdog and keeps all client money separate from the company's own funds.
But the most important in terms of the safety of funds invested in FCA-regulated firms is the Compensation Program (FSCS). In the event of a broker's insolvency, FSCS can cover your investment loss (or funds held in your trading account) up to a maximum of £ 50,000.
Hirose UK clients can open one of two available account types, depending on the trading platform used: LionTrader and MetaTrader 4.
Traders must make a deposit of $ 20 to open an account with Hirose UK. In comparison, some other FCA regulated brokers have set a minimum deposit of $ 250 or more.
But if you are just starting your way in trading, we recommend that you find in our ranking of regulated brokers with a clean reputation that allow you to trade from $ 1.
Spreads and commissions
Hirose UK offers floating spreads that vary by account category: MT4 average spreads are 1.9 pips on EUR / USD, which is a relatively high value; while the spreads on the LionTrader account average 0.8 pips on EUR / USD.
Moreover, clients enjoy the benefits of commission-free trading on both accounts, as the broker is rewarded through the spread.
The maximum leverage rates in Hirose UK are 1: 300. This leverage is considered relatively high, although many other FCA regulated brokers offer similar or higher leverage rates, up to 1: 300 and up to 1: 500.
When trading with Hirose UK, you will be offered their own Lion Trader terminal and the popular MetaTrader4 (MT4). Both terminals are available in both desktop and mobile versions.
Lion Trader is an easy-to-use platform with fast execution speeds, 50 built-in indicators and free downloadable strategies. Suitable for scalping and hedging.
Like most Forex brokers, Hirose UK supports the popular MT4 trading platform. The terminal is preferred by most traders because it is equipped with an advanced charting package, a range of technical indicators, an extensive back-testing environment and many Expert Advisors (EAs).
Moreover, the broker has also developed the Lion Binary Pro platform, which is specialized in binary options trading.
The broker has a demo account and an account with micro lots.
This is great news for both beginners and trading professionals. The first ones can try their hand at a demo account without losing any money; the latter can hone new strategies on micro-lots.
There are two phone numbers for contacting support: for the UK and international. There is also an email address and a contact form.
Ways of payment
Hirose Financial UK offers several easy ways to fund your trading account and withdraw funds: Credit / Debit Cards (Visa, MasterCard, Maestro), Bank Transfer, Skrill and Neteller.
Payment can be made in Pounds Sterling, Euros and US Dollars.
Criticism of traders
Traders complain about the long withdrawal of funds from the broker, as well as the fact that the support service ignores customer questions. Traders who have successfully traded with a broker find profitable spreads.
regulated account; demo version; MT4; micro-lot trading.
high minimum deposit; site design and navigation are not relevant.
HIROSEUK is a brokerage company whose task is to provide intermediary services to traders. Brokers provide access to currency trading in the first place. Many of them also provide an opportunity to transact with company stocks, bonds, commodities, precious metals, indices, cryptocurrencies and other assets. A private person can make transactions with all these instruments only on the trading platform, which the broker provides access to.
In addition, thanks to the brokerage company, an individual can operate on the market with amounts that significantly exceed the size of their own funds. This is called providing leverage. For example, having a deposit of 1,000 USD with a 1: 400 leverage, a trader can make deals for 400,000 USD.
The broker also opens access to analytics, auxiliary tools, and trading signals. Modern trading is impossible without all this.
The broker HIROSEUK makes profit from traders' transactions, as a rule, in two main ways.
The first is the most common. Using spreads. This word refers to the difference between the best prices for buying and selling a particular asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between a broker and users of the Forex market - another. The mediator takes the difference for himself.
The second way is easier to understand. This is the collection of a commission for each transaction performed. Most often it has a standard value, but it can be measured as a percentage.
Thus, the brokerage company is interested in attracting as many clients as possible and for them to conduct active trading.
We have found out how honest brokers should work and how they work. Now let's look at how scammers operate, they are also called the kitchen.
The most common way to cheat is to tweak quotes. The broker provides the trader with quotes that differ from the real market ones. Data substitution occurs in order to make operations unprofitable. The deposit is reduced, and then completely zeroed out. At the same time, the trader thinks that his operations were carried out in the market, but in fact - only on the site of scammers.
Bonuses are traps. They are generously distributed for anything: for registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money, mixed with bonus money, it will be necessary to fulfill a number of virtually impossible conditions. For example, conduct trading operations for an amount tens of times greater than the size of the deposit.
In the User Agreement, a clause can also be disguised that allows the broker to manage the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.
One of the key points is the place of registration and regulation of the company's activities.
Let's talk about registration first. As a rule, brokers from either their own country or from an economically developed country, for example, a member of the European Union, are more credible to traders. Of course, compliance with UK legislation is reassuring, and compliance with the legislation of an unknown island in the Indian Ocean does not mean anything to most.
However, most brokerage companies are registered offshore. And it's not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are offshore zones popular among brokers. By registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has any claims against such a company, then it is likely that he will have to deal with it in accordance with the legislation of that very conditional Belize. It is possible to be physically present there at the court sessions. And this is extremely expensive and difficult.
But is it worth running like fire from just the word "offshore"? As an answer, we will give the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes through offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point - this is the regulation of the broker's activities. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokerage activities. So, in Russia it is the Central Bank of the Russian Federation. A trader can find permissive documentation on the websites of such bodies. But there are also supranational structures. For example, the International Financial Commission (The Financial Commission), which is an independent self-regulatory organization, considering disputes between its members - brokers and their clients.
If the broker's website does not contain information about the regulation of its activities, then these are almost certainly scammers. Or the site contains information about a certain license issued to him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, study its history. Check out the links to her experts. If one of the leading TV channels in economic news for 5 years in a row refers to the opinion of the analyst of the broker in question, this is good. If a broker claims to have been working for 15 years, but there is no information about him on the Internet at all, this is bad.
It's important to pay attention to company reviews. And read them not only on the website of the broker itself. In the kitchen, they will probably only be laudatory. It is best to browse as many sites as possible.
Pay attention exclusively to the specifics in the offers on the brokers' websites. Honest companies openly write about interest, spread size, minimum deposit, etc. Fraudsters lure with loud, streamlined phrases about a rich tomorrow, stable income, misleading with incomprehensible terms about multi-sites, super functions, and so on.
Find out the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers sometimes hold social promotions. Fraudsters will definitely not do this.
Thus, the process of choosing a broker is complex. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich all over the world.
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Before any trade and choosing a broker You must always read reviews on this site and on other sites. Brokers who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the broker. HIROSEUK received a score of 1 of 5 on our resource.