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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.
Fund security
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.
Trading conditions
Hirose UK clients can open one of two available account types, depending on the trading platform used: LionTrader and MetaTrader 4.
Minimum deposit
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.
Leverage
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.
Trading platforms
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.
Significant services
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.
Support service
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.
Pros:
regulated account; demo version; MT4; micro-lot trading.
Minuses:
high minimum deposit; site design and navigation are not relevant.
HIROSEUK is a company whose task is to provide intermediary services to traders. Brokers / Crypto exchanges provide access to currency / cryptocurrency trading, first of all. Also, many of them, if we are talking about brokers, give the opportunity to make transactions with company shares, bonds, commodities, precious metals, indices, cryptocurrency and other assets. A private person can make transactions with all these instruments only on a trading platform, access to which is provided by a broker or a crypto exchange.
In addition, thanks to such companies, an individual can operate in the market with amounts significantly exceeding the amount of his own funds. This is called the provision of leverage. For example, having a deposit of 1,000 USD with a leverage of 1:400, a trader can make transactions for 400,000 USD.
As well, the broker / crypto exchange opens access to analytics, auxiliary tools, trading signals. Without all this, modern trading is impossible.
HIROSEUK profits from traders' trades, usually in two main ways
.
First – most common. Using spreads. This word refers to the difference between the best prices for buying and selling a certain asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between the broker and market users - another. The mediator takes the difference.
The second method is easier to understand. This is a fee for each operation performed. Most often it has a standard value, but can also be measured as a percentage.
Therefore, the company is interested in attracting as many clients as possible and that they conduct active trading.
How honest brokers / crypto exchanges should work and how they work, we found out. And now let's look at how scammers act, they are also called kitchens.
The most common way to cheat – is to twist quotes. Broker / crypto exchange gives the trader quotes that differ from the real market. There is a substitution of data in order to make operations unprofitable. The deposit is reduced, and then completely reset. At the same time, the trader thinks that his operations were made on the market, but in fact – just on the site of scammers.
Bonus – traps. They are generously distributed for anything: 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 actually impossible conditions. For example, to conduct trading operations in the amount of ten times more than the size of the deposit.
The User Agreement may also mask a clause that allows the broker / crypto exchange to dispose of 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 – it is the place of registration and regulation of the company's activities.
First let's talk about registration. As a rule, traders are more trusted by companies either from their own country or from an economically developed country, for example, a member of the European Union. Of course, compliance with UK law is reassuring, and compliance with the laws of an unknown island in the Indian Ocean does not mean anything to most at all.
On fact, most brokerage companies are registered offshore, and we are talking not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are popular offshore zones among companies. Registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has claims against such a company, then it is likely that he will have to deal with it in accordance with the laws of the same conditional Belize. It is possible to be physically present there at court hearings. And this is extremely expensive and difficult.
No is it worth running like fire from just the word «offshore»? As an answer, we will cite the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes with the help of offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point – this is the regulation of the broker / crypto exchange. 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 brokering. So, in Russia it is the Central Bank of the Russian Federation. The trader can find permits on the websites of such authorities. But there are also supranational structures. For example, the International Financial Commission, which is an independent self-regulatory organization, specifies disputes between its members – brokers and their clients.
If there is no information on the broker's website / crypto exchange about the regulation of its activities or license, then it is almost certainly a scammer. Or on the site there is data on some license issued by him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, or crypto exchanges, study its history. Look at the links to its experts. If one of the leading TV channels in the economic news for 5 years in a row refers to the opinion of the analyst of the broker in question – this is good. If the broker / crypto exchange assures that it has been working for 15 years, but there is no information about it on the Internet at all – this is bad.
It is important to pay attention to reviews about the company. And read them not only on the website of the broker itself / crypto exchange. In the kitchen, they will certainly be only praiseworthy. It is better to view as many sites as possible.
Pay attention solely to the specifics in the offers on the websites of brokers / crypto exchanges. Honest companies openly write about interest, spread size, minimum deposit, etc. Scammers lure loud streamlined phrases about a rich tomorrow, a stable income, mislead with incomprehensible terms about multi-sites, superfunctions and so on.
Specify the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers / crypto exchanges sometimes hold social promotions. Scammers will definitely not do this.
Therefore, the process of choosing a broker / crypto exchange is complicated. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich around 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. Companies 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 company you chose. HIROSEUK received a score of 1 of 5 on our resource.