Hirose Financial UK Review 2020
Hirose UK is an online brokerage firm that provides margined financial services to over 200,000 clients all over the world for trading various financial instruments like forex, commodities, shares, indices and more. The broker provides clients with competitive spreads, no commission fees, safety of funds, effective trading platforms with fast trade execution speeds, provides micro lots for new traders, and 24 hours customer service.
Hirose Financial UK Review 2020, Pros & Cons
- Regulated broker
- 24 hours customer support
- Online forex education
- High-performance trading platforms
- Does not support US clients
- Spread mark-ups
- Restricted leverage for EU clients
In this detailed Hirose UK review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Hirose UK is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Hirose UK.
Hirose UK Review: Summary
Hirose UK is an online brokerage firm that provides margined financial services to traders, investors, and individuals for the trade of various forex and CFD financial instruments. Established in October 2010 in the United Kingdom, London, and being a subsidiary of Hirose Tusyo of Japan, Hirose UK is a regulated forex broker that provides clients with effective trading platforms that enable one-click trade execution and gives them the ability to trade on the go. It carries out a 24 hours customer care correspondence, provides up to date forex trading education for beginners, includes adequate trading tools, and avails an easy deposit and withdrawal system.
Hirose UK Review: Regulation
Hirose UK is a financial service provider regulated by the Financial Conduct Authority (FCA) with the license number 540244. This regulatory body/agency helps to ensure safety of trader’s funds and can give extra investor protection. The FCA provides a set of rules and guidance that helps eradicate forex trading malpractices. Being a regulated and licensed forex broker under FCA, Hirose UK could be considered to be a reliable brokerage firm that provides transparent trading operations.
Hirose UK Review: Countries
Hirose UK accepts traders from the United Kingdom but does not accept traders from the United States and some other countries due to specific legal restrictions. Some Hirose UK broker features and products mentioned within this Hirose UK review may not be available to traders from certain countries because of legal restrictions.
Hirose UK Review: Trading Platforms
Hirose UK provides distinctive trading platforms for its users and forex traders. These trading platforms are equipped with effective trading tools, charts, and indicators that help to aid buy and sell decision thereby creating a smooth trading environment for users. Examples of Hirose UK trading platforms include:
Lion Trader (ActTrader)
This trading platform has a high-performance trade execution with just one click. With the Lion Trader platform, traders have the option of trading with varying trading strategies due to the broker’s liquidity, be it scalping, hedging, or long-term trading. Basic features of the Lion Trader platform include:
- One-click trade execution.
- Reliable trade execution speeds.
- Have the ability to be more flexible in small trading size where 1 lot gives 1,000 units.
- Effective for scalping, hedging, and long-term trading strategies.
- Availability of trailing order.
- Includes about 50 currency pairs available for trading.
- Can be freely downloaded.
- Includes up to 50 built-in trading indicators.
MetaTrader 4 is an automated trading platform that gives traders the ability to trade forex effectively. This trading platform is known for its accuracy, reliability, simplicity, effectiveness, and functionality. This Hirose UK trading platform supports automated trading with expert advisors (EAs). MT4 has the capacity to place multiple order types including stop and take profit orders, close trades, and carry out effective money management. Some of the basic features of the MT4 platform includes:
- Fully customisable user interface
- Real time bid/ask price quotes in market watch window.
- Includes about 46 currency pairs available for trading online.
- Includes up to 50 built-in trading indicators and charting tools.
- Provides a multi-lingual communication system.
- Effective for scalping, hedging, and long-term trading strategies.
- Automated trading with EAs.
- Price alert notifications.
Mobile Trading (ActTrader)
This trading platform gives forex traders the ability to trade on the move and its basic features include:
- Provides live streaming rates.
- Avails easy order management.
- Has the ability to analyze the forex market with live charts.
- Ability to trade on the go.
Hirose UK Review: Trading Tools
Hirose UK provides its traders with a variety of trading tools for full trade optimization. These trading tools are built into the different trading platforms which gives traders the ability to carry out effective market analysis and help with trade decisions.
These trading tools include charting indicators that portray trading signals, real-time streaming news, price movement patterns, and volume which helps to forecast financial and economic trends. Examples include technical indicators such as Bollinger bands, Relative Strength Index, moving averages and fundamental indicators that come with economic news.
Hirose UK Review: Education
Being a beginner-friendly brokerage firm, Hirose UK provides support to new traders in the form of forex trading resources which includes video tutorials and eBooks. These educational materials can help to provide answers to common trading questions.
- The broker includes a demo trading option that gives forex traders and beginners the ability to sharpen their trading skills and get acquainted with the trading environment and practice with available trading platforms.
- There is also the inclusion of educational trading manuals that provide a complete guide to all of the provided trading platforms.
- Hirose UK provides a glossary that contains various trading terminologies used to trade financial instruments in the forex market.
- Gives basic training on the use and importance of various technical and fundamental analysis indicators.
Hirose UK Review: Trading Instruments
Hirose UK provides a wide range of financial trading instruments for clients to trade online with. The brokerage firm has competitive spreads with no commission fees charged. It offers over 50 currency pairs with a selection of major currencies like AUD/USD, EUR/USD, GDP/USD, USD/CAD, USD/CHF, USD/JPY and minor pairs like AUD/CAD, AUD/CHF, AUD/NZE, AUD/SGD, EUR/AUD, EUR/CHF, EUR/GDP, GBP/AUD, GBP/CHF. Hirose UK also includes other financial instruments such as commodities, shares and indices.
Hirose UK Review: Trading Accounts & Fees
Hirose UK forex broker provides a live trading account for traders. Once an account is opened, traders are given the option to run the account on either the MetaTrader 4 platform or the Lion Trader platform. The live account has a leverage of 1:30, includes a minimum trade size of 0.01 lots and attracts no form of commission.
Hirose UK Review: Customer Service
Being a user-friendly brokerage firm, Hirose UK provides a 24/7 customer care support system for its clients. Customer service and trading experts are placed across communication channels including live chat, email, telephone, fax, and skype. Hirose UK also eliminates communication limitations by providing a multi-lingual communication system which includes English, Chinese, Japanese, and Indonesian.
Hirose UK Review: Deposit & Withdrawal
Hirose UK broker provides clients with multiple convenient deposit and withdrawal options. Most payment options, when initiated have instantaneous responses while some might take up to ten to fifteen minutes and others can take days. These deposit and withdrawal options include credit/debit cards, Skrill, Neteller, and bank wire transfer. Payments are accepted in USD, EUR, GBP and all transactions have no extra fees.
As broker fees can vary and change, there may be additional fees that are not listed in this Hirose UK review. It is imperative to ensure that you check and understand all of the latest information before you open a Hirose UK broker account for online trading.
Hirose UK Review: Account Opening
Opening a live trading account in Hirose UK is very easy and involves five simple steps. Step one has to do with filling out an account opening form which will contain details on personal information. The second step is a process of uploading detailed documents like your identification card and proof of residential address. The third step has to do with creating a username and password for the account while the last step is account funding. The minimum deposit depends on the trading platform used.
Hirose UK Review: Conclusion
Hirose UK is an online trading broker that provides transparent financial services to traders, avails a competitive trading environment where personal data, information, and funds are protected by encryption and offer a 24/7 hours customer care service to traders. The broker is a beginner-friendly and user-friendly firm that provides basic trading education to beginners and delivers effective and automated trading platforms for the trading of financial instruments.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 56% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.