HiroseUK Review: Is This UK-Based Brokerage a Reliable Choice?
The FCA oversees Hirose Financial UK, an online CFD broker with its headquarters in London. The broker, who specializes in forex trading, seeks to provide two of the top platforms with continuously low spreads.
The company’s history, the broker’s fee schedule, account types, trading tools, and more are all covered in this HiroseUK review. HiroseUK is regulated by a reputable financial authority, however, there are still some issues reported by other traders. Learn more about it by reading on.
A financial brokerage company is called Hirose Financial UK Ltd., or HiroseUK. It provides retail and institutional clients with trading services in indices, commodities, and foreign exchange. The business is well-known for offering financial market access and online trading platforms like MetaTrader 4 (MT4) and LION Trader.
With affordable spreads, a range of trading instruments, and customer service, HiroseUK strives to give its customers an easy-to-use trading experience. The company was established in 2011, however, there are no reviews about it on any well-known platforms. Our HiroseUK review will uncover why.
|Hirose Financial UK Ltd
|Regulated by the FCA #540244
|Salisbury House 29 Finsbury Circus London EC2M 5QQ
|Financial Authorities Warnings
|$20 or $50
|If Active on Social Media:
|Indonesia, United Kingdom, Japan, Vietnam, India
|Potential withdrawal issues;
Regulatory oversight with brokerage companies is crucial if you want to sleep peacefully. Without regulation, brokers are prone to doing illegal things, like delaying the withdrawal or not paying at all. That is why you should always look for a regulated broker but with trading tools like Finviz, regulation is not expected.
HiroseUK is regulated by the Financial Conduct Authority (FCA) registration number 540244. The company is also registered in England & Wales, registration number 7423885. After checking the FCA’s register, their claims check out and they are indeed a regulated entity.
A full range of educational resources is offered by HiroseUK to traders at every skill level. Make risk-free forex trading practice with a free trial account and get access to a comprehensive handbook explaining the capabilities and functionalities of the LION Trader (ActTrader) and MetaTrader 4 platforms.
Look for definitions of terms that are frequently used in the Forex markets to improve comprehension. Learn about the economic indicators that are used to assess the state of the economy and help you make well-informed trading decisions. Examine a succinct manual outlining the principles of trading foreign exchange and the FX market.
Discover the several elements of trade and gain an understanding of how to compute profit and loss using concrete examples. Examine a variety of indicators while using technical analysis to study market trends and patterns.
Lion Trader and MetaTrader 4 are the two live accounts that Hirose UK provides. Expert Advisors (EAs) are available on both platforms to cater to automated traders. It will also please hedgers and scalpers that their different strategies are unrestricted.
The fact that Hirose Execution uses a no-dealing desk (NDD) approach, which enables clients to trade directly with interbank rates, is another benefit. Other account features include:
- Desktop, web, iOS and Android App
- Margins of 3.33% for major pairs and 5.00% for minor pairs
- Minimum order distance of 3 pips
- Leverage up to 1:30
- 50% initial margin
- Lot sizes are 0.01 and 1 in MT4 and LionTrader
The lack of a professional or swap-free Islamic account will be a barrier for certain traders, but overall, we believe that the accounts provided are enough for the majority of traders.
There is not much we can conclude based on 1 review on Trustpilot. To make things even worse, the comment is a 2-star review, explaining that he got his refund after a 2-month delay. Other than that unfavorable comment, there are no other reviews about this company on Trustpilot or Sitejabber.
We did find some helpful comments on Forex Peace Army, where many traders provided details about their terrible experiences. The thing most of them have in common is withdrawal issues and HiroseUK seems like it’s not paying profits. Considering they offer a compensation fund by being regulated by the FCA, you can sleep peacefully, knowing you are protected.
Deposits and Withdrawal Methods
Hirose Financial UK offers several simple ways to fund your trading account and withdraw funds. Payments can be made in GBP, EUR, and USD. You can deposit your funds via Neteller within 15 minutes or a Wire Transfer within 2-3 business days. Credit and debit cards are also accepted and you can expect the payment instantly.
Withdrawals can also be done by Neteller, Local Wire transfer, and an International Wire Transfer. The minimum withdrawal amount is $20, and there are additional withdrawal fees as well. With Neteller there are no fees, however, with the Wire Transfer, you can expect a $6 and $8,50 fee.
Weighing the Pros and Cons
Can I Make Money While Trading Online?
By doing business with companies like TipRanks, you can stay safe and maximize your chances of profiting. However, a reliable company is not everything you need to have to become a successful trader. Many more are required, including education, risk management, strategy, time, and dedication.
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Is HiroseUK Regulated?
Yes, HiroseUK is regulated by a reputable authority called the Financial Conduct Authority (FCA).
Is HiroseUK Legit?
Yes, they are a regulated brokerage company and therefore a legit one. However, several traders complained about withdrawal issues, so make sure to proceed with caution.
Can I Use HiroseUK in Indonesia?
Yes, the company is only unable to accept applications for live accounts from residents of Japan.