Hirose Financial Review

Category: Reviews | Author: Trading Brokers | Date: January 16, 2024

Hirose Financial is a UK-based broker that has been around since 2010. They mainly offer forex and spot gold trading to retail traders. With over 10 years of experience, Hirose Financial seems to have established itself as a stable broker. In this review, we’ll take a close look at what Hirose has to offer. We’ll cover things like regulation status, trading platforms, account types, funding options, spreads and commissions, and more. The goal is to provide an unbiased assessment to help you evaluate if Hirose Financial is the right broker for your needs.

Pros & Cons

  • Hirose Financial offers a robust training library, beneficial for both new and experienced traders
  • The broker offers low trading fees and there are no commissions or any hidden fees
  • Hirose Financial is well-regulated by world-recognized financial authorities
  • The company offers competitive trading conditions, including low spreads and competitive prices
  • They provide a user-friendly interface and comprehensive regulation by the FCA
  • You will not find crypto derivatives, indices, or CFDs on stocks with this broker
  • Hirose Financial does not offer 24/7 customer support to its clients
  • The broker has a limited number of trading instruments
  • There is no VIP account offered
  • The broker mainly offers Forex pairs, and there are only 2 metals available for trading

Summary

Hirose Financial

Hirose Financial

Hirose Financial is a forex and gold trading broker that offers a straightforward and user-friendly trading experience. They provide a single main account type, which keeps things simple and avoids unnecessary complexity. The minimum deposit to open an account is £300, and they also offer an Islamic account upon request.

Their trading platforms, MetaTrader 4 and LION Trader, come with a range of tools and features, including custom indicators, Expert Advisors for automated trading, and Oracle technologies for improved execution performance. They also offer a selection of educational resources, including trading guides, manuals, and video instructions, to help traders of all levels improve their trading skills.

In terms of markets, Hirose Financial focuses on forex and spot gold trading. They offer over 50 currency pairs, including all the major pairs as well as a variety of minor and exotic pairs. They also offer spot gold trading, providing an alternative for traders looking to diversify their portfolio beyond just currencies.

Overall, Hirose Financial is a solid choice for forex and gold trading, offering competitive spreads, a user-friendly platform, and a decent selection of educational resources. However, it’s worth noting that while Hirose Financial offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading broker reviews.

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AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

Hirose Financial UK Ltd. is a name you can trust because they’re not just any broker, they’re regulated by the Financial Conduct Authority (FCA), under the registration number 540244. This means they’ve got a big, reputable organization keeping an eye on them to ensure they’re playing by the rules. However, it’s not all sunshine and rainbows. Trading with Hirose Financial comes with its own set of risks. CFDs, which are one of the instruments they offer, are complex and come with a high risk of losing money rapidly due to leverage. In fact, 74-89% of retail investor accounts lose money when trading CFDs with this provider. So, it’s crucial to understand how CFDs work and whether you can afford to take the high risk of losing your money.

Also, it’s worth noting that Hirose Financial UK is unable to open accounts for US citizens or residents and Japan residents. So, if you’re from these regions, you might want to look elsewhere. Remember, it’s always a good idea to do your own research and seek up-to-date information directly from Hirose Financial before making any investment decisions.For those who are interested in exploring other regulated brokers, please see a list of regulated brokers for some alternative options.

Platforms & Tools

Hirose Financial offers two main trading platforms: MetaTrader 4 (MT4) and LION Trader. Let’s take a closer look at each:

  • MetaTrader 4 (MT4): MT4 is a well-known platform in the forex trading world. It’s loved by experienced traders for its advanced charting tools and custom indicators. One of its standout features is the ability to use Expert Advisors (EAs) for automated trading. This means you can set up trading strategies that run automatically, based on the parameters you set. This can be a real game-changer if you’re into algorithmic trading.MT4 Platform
  • LION Trader: LION Trader is Hirose Financial’s proprietary platform. It’s based on the Act Forex (ActTrader) system and is designed to be user-friendly, making it a good choice for beginners. You can trade using a PC application, web-based platform, or mobile apps for Android and iOS devices. This platform also offers custom indicators, trading algos/EAs, and programmable strategies, providing a solid alternative to MT4. To improve execution performance, Hirose uses “Oracle Coherence,” an in-memory data grid product. The application server also uses an “Oracle WebLogic Server”.
    Lion Trader

    Lion Trader

In addition to these platforms, Hirose Financial also provides a range of tools to assist traders. These include:

  • Custom Indicators: Hirose Financial’s trading platforms, MT4 and LION Trader, support custom indicators. These indicators can help traders analyze market trends and make informed trading decisions.
  • Expert Advisors (EAs): Both MT4 and LION Trader platforms support the use of Expert Advisors (EAs) for automated trading. EAs allow traders to set up trading strategies that run automatically based on predefined parameters, which can be particularly useful for algorithmic trading.
  • Oracle Coherence: Hirose Financial uses Oracle Coherence, an in-memory data grid product, to improve execution performance on the LION Trader platform. This technology helps ensure that traders experience fast and efficient trade execution.

Education

Hirose Financial has a pretty solid lineup of educational resources to help you get up to speed with forex trading. Whether you’re a newbie or a seasoned trader looking to brush up on your skills, they’ve got you covered.

  • Trading Guides: First up, they’ve got trading guides. These guides are designed to help you understand the ins and outs of forex trading. They cover a range of topics, so you can learn at your own pace and focus on the areas that interest you the most.
  • Trading Manuals: Next, they offer trading manuals. These are like your personal trading handbook, providing detailed written instructions on how to download, make payments, and trade on the LION Trader platform. It’s like having a personal tutor guiding you through the process.
  • Video Instructions: If you’re more of a visual learner, you’ll appreciate their video instructions. These videos provide step-by-step guidance on how to use their trading platforms and make payments. It’s like having a personal walkthrough of the platform, which can be really helpful when you’re just getting started.

Remember, trading forex and CFDs carries a high risk of losing money, so make sure you understand the risks involved and consider whether you can afford to take that risk.

Markets

Hirose Financial offers a focused selection of markets for trading. Here’s a closer look at each:

  • Currency Pairs: Hirose Financial offers a selection of 50 currency pairs on their LION Trader platform. This includes all the major pairs like EUR/USD and USD/JPY, as well as a variety of minor and exotic pairs. This wide selection of currency pairs allows traders to take advantage of different market conditions and diversify their trading strategies. The platform offers competitive spreads as low as 0.8 pips, and there’s no commission or fees, which can help to keep trading costs down.
  • Spot Gold: In addition to forex, Hirose Financial also offers spot gold trading (XAU/USD) on their MetaTrader 4 platform. One Gold XAU/USD contract equals 100 ounces and the smallest trade size is 0.01 (being 1 ounce of gold). The quote price is per 1 troy ounce. In order to calculate your exposure, you will need to multiply the trade size in ounces by the entry price of the trade. This provides an alternative for traders looking to diversify their portfolio beyond just currencies.

Remember, trading forex and gold comes with the risk of losing money, so manage your risk accordingly!

Accounts

When it comes to account types, Hirose Financial keeps things simple by offering just one main account for trading forex and gold. This standard account provides access to competitive spreads from 0.8 pips and all the platforms/tools needed to trade. The minimum deposit to open an account is £300 (or currency equivalent). One neat feature is that you can open an Islamic account upon request to comply with Sharia principles. This account has zero swaps on overnight positions.

Funding

Hirose Review: Account Funding Options

Hirose Review: Account Funding Options

Hirose Financial UK provides several methods for funding a trading account. These funding options include:

  • Credit/Debit Cards: Hirose Financial accepts deposits via credit and debit cards. This is a convenient and fast way to fund your account, as the funds are usually available immediately. However, there may be limits on the amount you can deposit via a card, and your card issuer may charge fees.
  • Skrill: Skrill is a popular e-wallet service that Hirose Financial accepts for deposits. It’s a secure and efficient way to transfer funds to your trading account. The funds are typically available in your account within a few minutes of making the deposit.
  • Neteller: Neteller is another e-wallet service accepted by Hirose Financial. It’s similar to Skrill in terms of convenience and speed, with funds usually available in your account within a few minutes of making the deposit.
  • Bank Wire Transfers: Bank wire transfers are also accepted by Hirose Financial. This method is secure and can be used for larger deposit amounts. However, it can take several business days for the funds to appear in your trading account, and your bank may charge a fee for the service.

The withdrawal methods offered by Hirose Financial are the same as the deposit methods. This means you can withdraw funds to your credit or debit card, Skrill, Neteller, or via a bank wire transfer. It’s important to note that withdrawal requests are typically processed within 1 business day, but it can take longer for the funds to reach your account, especially for bank wire transfers. Also, while Hirose Financial does not charge any withdrawal fees, your bank or e-wallet provider may do so.

Conclusion

So, there you have it – a comprehensive look at Hirose Financial. They’ve got a solid offering for forex and gold trading, with competitive spreads, a user-friendly platform, and a decent selection of educational resources. However, they do have a few drawbacks, such as a limited selection of markets and payment methods. However, it’s worth noting that while Hirose Financial offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading broker reviews.

Hirose Financial Logo

$20

Hirose Financial is a forex and gold trading broker that offers a straightforward and user-friendly trading experience with competitive spreads and a user-friendly platform.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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