Hirose Financial UK Ltd. The parent company, Hirose Tusyo, was established in Japan in , soon after the Japanese Government deregulated the FX platform by making it legal in the country. Hirose UK has been at the forefront of trading technology, and the Japanese programmers should be credited for their relentless commitment towards making constant improvements to offer the highest performance in every field. Such a persistent pursuit of perfection has enabled Hirose Financial UK reviews to be highly positive from all quarters.
The broker also offers a Binary Options trading account, but since it is not relevant to Forex trading, traders are advised to stick to the FX trading accounts provided by the broker. The MT4 platform is the more advanced of the two platforms, but the Hirose UK spreads are also higher, with the major currency pairs quoting around 2 to 4 pips spread. The LION Trader is merely a modified version of the ActTrader platform which is a simple trading platform but has extremely competitive spreads of around 0.
Hirose Financial UK only offers the STP non-dealing desk account, which certainly makes the spreads highly attractive and cost-effective. Traders will not miss an ECN account, since the STP account offers tight spreads and the trades are opened without a commission.
Traders who are very particular about the trading features of an ECN account will most likely give Hirose UK a miss, especially since there are brokers that offer an ECN account with a small initial deposit.
The MT4 mobile app is far better regarding charting functionalities and advanced features, but the ActTrader mobile app is user-friendly and offers better spreads. Therefore, it is up to the trader to make the decision between the better spreads or better charting options.
Since the broker has its main headquarters in Japan, Hirose UK regulation is also supervised over by the FSA, which offers better protection for clients holding their funds with the broker. The broker has an excellent reputation for handling their finances according to the regulatory protocols and is required to submit routine audit reports to the FCA regarding the handling of client funds. The broker accepts multiple payment methods, and traders can deposit or withdraw funds using credit cards, bank transfers, and online payment processors such as Neteller and Skrill.
Unlike other brokers, Hirose Financial UK offers bonuses for every deposit that traders make, which can run into a huge amount very fast. While a bonus is a good thing to increase the available margin and equity, bonuses are typically associated with trading conditions, which can prevent traders from making a withdrawal or transferring their money to other trading accounts.
Brokers put several restrictions and strict conditions while redeeming bonuses, which severely limits the amount of freedom that clients can have on their invested funds. Hirose UK offers low initial deposit options, comparatively better leverage, highly competitive spreads, and most importantly, they are dedicated to refining their trading platforms and services constantly.
The leverage might be considered to be a bit higher for professional traders, but the company cannot rule out a significant chunk of the retail trading market by lowering their leverage potential. They also have excellent trading platforms to suit their accounts; however, the different spreads in the different platforms can confuse traders while making a choice. It is indeed hard to make a choice between competitive spreads and chart functionalities, which can end up acting against the company.
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