Hirose Financial Review 2024
Website: www.hiroseuk.com
Min. Deposit: US$ 20
Leverage: 1:30
Trading Platforms: MT4, LION Trader
Regulation: FCA
Headquarters: Japan, UK
Founded: 2004
Regulatory Licenses:
- Hirose Financial UK Ltd. - authorized by FCA (UK) registration no. 540244
Updated on January 4, 2024
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We base our review on a comprehensive analysis that encompasses a wide array of factors. Our methodology involves comparing Hirose Financial against a pool of 1000 brokers. We scrutinize the broker's regulatory background, trading platforms, instruments, fees, leverage options, customer service, and educational resources. Our findings are then compiled to provide traders with an unbiased, in-depth review of Hirose Financial.
Hirose Financial is a prominent Forex trading provider, catering to over 200,000 clients across the globe with a diverse range of FX trading instruments. The company, Hirose Financial UK, was established to enhance the FX services of Hirose Tusyo Japan, which was incorporated in 2004. This makes it one of the most substantial and multiple-award-winning OTC brokers in Japan. Hirose Financial initiated its UK operations in 2010 and has since expanded its services to Hong Kong and Malaysia, aiming to meet the increasing customer demand globally.
Hirose Financial Pros and Cons ▲
Pros
Utilizes advanced trading technology offering nondealing desk (NDD) execution
Offers trading on two leading industry platforms: MT4 and LION Trader (ActTrader)
Executes orders through 15 liquidity providers, ensuring competitive spreads
Cons
Does not provide 24/7 customer support
Offers a limited range of trading instruments
Hirose Financial Review Summary in 10 Points ▲
Headquarters: Japan, UK
Regulation and License: FCA
Instruments: Forex, Binary Options, Commodities
Platforms: MT4, LION Trader
EUR/USD Spread: 0.8 pips
Demo Account: Provided
Base currencies: GBP, EUR, USD, etc.
Minimum deposit: $20
Education: Trading manuals, essential trading components, technical analysis overviews, economic indicators
Customer Support: 24/5
Overall Hirose Financial Ranking ▲
Hirose Financial is a highly regulated broker that provides traders with competitive spreads and fees, alongside safe trading environments. Our overall ranking for Hirose Financial is 4.4 out of 5, after conducting extensive testing and comparisons with over 1000 other brokers.
Hirose Financial has accrued several awards over the years, recognizing its excellence in providing reliable and efficient trading services. The awards serve as a testament to the broker's commitment to quality and innovation in the Forex trading industry.
Hirose Financial offers leverage that can potentially amplify profits by increasing the trading size. However, it's crucial to use leverage wisely due to the associated increase in risk. Regulatory obligations and restrictions, as mandated by the FCA for Hirose Financial, limit leverage levels for retail traders. UK traders are entitled to use lower leverage, capped at 1:30 for major currency pairs and 1:10 for Commodities, aligning with responsible trading practices.
Hirose Financial caters to its clientele by offering both live and demo trading accounts, which are differentiated based on the trading platform selected. Each type of account comes with distinct conditions related to commissions, margin calls, leverage, among other critical trading elements.
How to Open Hirose Financial Live Account? ▲
Initiating a trading account with Hirose Financial is streamlined and user-friendly. Prospective clients are guided through the following steps:
Select and click on the "Open an Account" page
Input necessary personal details (Name, email, phone number, etc.)
Confirm personal information via documentation uploads (proof of residence, ID, etc.)
Complete an electronic questionnaire to verify trading experience
Following account verification, proceed with depositing funds.
Hirose Financial avails a diverse selection of trading instruments to its clients, predominantly focusing on Forex currencies. Besides Forex, Hirose Financial extends its offerings to commodities trading, including gold and silver, alongside various indices and binary options.
It should be noted, however, that the array of trading instruments at Hirose Financial is somewhat narrower when compared to the broader market, with the absence of stocks, shares, futures, bonds, and other asset classes for trading. The breadth of Forex pairs available for trading at Hirose Financial has earned it a score of 3.75 out of 5 in terms of market range.
Hirose Financial integrates its costs into a competitive spread that varies in accordance to the account type or platform utilized, adopting a strategy of tight and low spreads with no concealed fees. Costs for both the Standard Account and Pro Account are incorporated within a variable spread, whereas the Prime Account offers a reduced spread but includes a commission per trade.
Additional costs, such as overnight fees or swap rates that apply when a position is extended beyond a day, should also be considered. Compared to an analysis of over 1000 brokers, Hirose Financial's fees are considered low, receiving an overall score of 4.25 out of 5.
Hirose Financial offers its clientele tight and floating spreads, indicating that the spreads can fluctuate based on market dynamics. The typical spread for the EUR/USD currency pair stands at 0.8 pips, and commodity trades feature low margins of 0.5%.
In comparison to other brokers, Hirose Financial's spreads are competitively low, scoring 4.45 out of 5 based on our evaluations. We observed that the Forex spreads were considerably below the industry norm, and spreads for additional instruments were equally competitive.
Hirose Financial presents several straightforward methods for depositing and withdrawing funds, ensuring convenience and simplicity for its clients. Available currencies for transactions include GBP, EUR, and USD. The broker supports diverse funding methods, such as Credit/Debit Cards, Skrill or Neteller transfers, and Bank Wire Transfers.
Hirose Financial's funding methods are deemed highly satisfactory, receiving an overall rating of 4.4 out of 5. The broker's fee structure is competitive, with the added advantage of multiple account-based currencies available to clients.
Concerning Hirose Financial's funding methods, here are the observed advantages and disadvantages:
Pros
No fees for deposits, Hirose Financial covers all charges
Low minimum deposit requirement of $20, making it accessible for beginners
Cons
Credit/debit card payments may not be available in all countries
Card type availability varies depending on the country
Hirose Financial's minimum deposit is notably low at $20, and the broker covers all associated fees. This contrasts sharply with the industry standard, where many other brokers require a minimum deposit of $500.
Withdrawals at Hirose Financial are facilitated through an online form request, allowing funds to be returned to the original source of deposit. Typically, the broker does not charge a fee for withdrawals, although local or international wire transfers might incur a processing fee of approximately $10.
Hirose Financial grants access to two popular trading platforms: MetaTrader 4 (MT4) and LION Trader (ActTrader).
MT4 is renowned for its advanced charting capabilities, comprehensive technical analysis tools, and support for automated trading strategies. It is accessible as a desktop application, web-based platform, and mobile app.
LION Trader, developed by Hirose Financial, offers an intuitive interface along with advanced charting, market analysis, and risk management tools. It is suitable for scalpers and those interested in hedging, providing access to 50 currency pairs under favorable conditions. LION Trader supports the use of Expert Advisors through the Actfx language.
Pros
MT4's advanced charting features and indicators
LION Trader's userfriendly interface and comprehensive trading tools
Cons
Limited to two trading platforms
Hirose Financial's platform offerings are highly rated, with an overall score of 4.4 out of 5, reflecting its professional MT4 platform and proprietary LION Trader platform.
Customer Support
Hirose Financial prides itself on offering multilingual customer service support 24/5 through live chat, phone, email, and Skype. The support team comprises trading experts ready to assist with technical support, analysis advice, general inquiries, and operational issues.
Our evaluation of Hirose Financial's customer support results in a commendable rating of 4.25 out of 5, highlighting the team's prompt and knowledgeable responses, as well as their accessibility during working days.
Pros
Multilingual, 24/5 customer support
Fast, knowledgeable responses from trading experts
Cons
Limited to working days availability
Hirose Financial Education
Hirose Financial caters to traders of all levels with a selection of educational tools and resources. The broker offers trading manuals, essential trading components, technical analysis, economic indicators, and a Demo account for skill enhancement.
However, the broker does not organize seminars, webinars, or provide insights, which results in an overall education rating of 4 out of 5 based on our comprehensive research.
This review of Hirose Financial highlights a broker that leverages Japan's expertise and success to offer competitive financial investment services. With its simple cost system, inclusive of all charges in the spread, Hirose Financial sets a welcoming stage for both novice and experienced traders. The broker's transparent operational policy and extensive technical offerings, along with competitive trading costs, cater well to professional traders' needs.
Feedback from traders regarding Hirose Financial's trading conditions and services has been predominantly positive. Nonetheless, we advise conducting your own research prior to registration to confirm it meets your trading requirements.
Based on our analysis and expert opinions, Hirose Financial is highly recommended for:
Pros
Traders from the UK
Beginners and advanced traders
Professional trading and currency trading
Competitive spreads and fees
Fans of the MT4 trading platform
Strategies involving scalping/hedging
NDD/OTC execution
Excellent customer support
Auto trading and a robust selection of educational and research materials
Cons
Limited platform options beyond MT4 and LION Trader
