Hirose Trade Forex Trade Platform and Broker Review

Hirose Trade Forex Trade Platform and Broker Review

Share on facebook
Share on linkedin
Share on twitter
Share on pinterest
Share on email

Hirose Broker Review

Hirose Trade is an award-winning online brokerage firm that is headquartered in the United Kingdom and has been in operation since 2010. Hirose facilitates the trades in a variety of tradable financial assets spread across several asset classes.

Hirose Trade has between 10 and 100 employees and is based in London, United Kingdom, with offices in Hong Kong, Japan, and Malaysia. 

Is Hirose Trade Regulated?

Yes, Hirose Trade is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. 

Is Hirose Trade Regulated in the United States?

No, Hirose Trade is not regulated in Virginia or any other US state. 

Is Hirose Trade Regulated in Europe?

Yes, Hirose Trade is regulated in Europe by the Financial Conduct Authority to provide cross-border investment and financial products and services as a regulated forex broker in Europe.

Is Hirose Trade regulated in a Tier-1 Jurisdiction?

Tier-1 Jurisdiction offers Hirose Trade with the necessary license to provide financial services to a variety of forex traders residing in Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

According to the official Hirose Trade website, Hirose Trade is regulated in Tier-1 jurisdiction.

Is Hirose Trade regulated in Tier-2 Jurisdiction?

With Tier-2 Jurisdiction, Hirose Trade is provided with the license to offer financial services and operate in the British Virgin Islands, Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

According to the official website, Hirose Trade is regulated in Tier-2 jurisdiction.

What are the Platforms and Tools for Forex Trading in Hirose Trade?

Hirose Trade supports the use of the popular MetaTrader 4 along with Lion Trader.

  1. MetaTrader 4 is the most widely used trading platform in the industry that has a customizable user interface, real-time price information, 50 built-in trading indicators, charting capabilities, automated trading, and expert advisors, price alert notifications, the ability to use a variety of trading strategies with a Hirose Trade account.
  2. Lion Trader is a high-performance trading platform that offers lightning-fast trade execution in one click. In addition, Hirose Trade’s forex traders are also provided with a variety of supported trading strategies, trailing orders, and more.

Does Hirose Trade Have a News Blog for Forex News?

No, Hirose Trade does not have a news blog for forex news on the official website.

Does Hirose Trade Have a Traders Dashboard?

No, Hirose Trade does not have a forex traders dashboard on the official website.

Does Hirose Trade Have an Educational Section?

Yes, Hirose Trade has an educational section present on the official website. The education that Hirose Trade offers can be accessed free of charge. 

What is the content of Hirose Trade Forex Education?

Hirose Trade’s forex education is provided under the following sections:

  1. Demo Account – either on Lion Trader or on MetaTrader 4.
  2. Easy Forex Guide for Forex Beginners.
  3. Trading Manual for both Lion Trader and MetaTrader 4.
  4. Essential Components of forex trade.
  5. Forex glossary.

The Demo Account is offered on either Lion Trader or on MetaTrader 4 and can be used by beginner forex traders to practice trading on either of the two trading platforms. This allows forex traders to become more familiar with trading before they start trading in a live environment where their capital is at risk.

The Easy Forex Guide for Forex Beginners covers a variety of topics, including:

  1. The Advantages of Forex/Why trade Forex?
  2. What is Forex?
  3. Easy Step-By-Step Guide.

The “Advantages of Forex Guide/Why Trade Forex?” Covers the following:

  1. “You can enter the forex market by buying or selling”.
  2. “Effective Risk Management”.
  3. “Trade any time within 24hours”.
  4. “Leverage”
  5. “You can trade at low cost”.
  6. “Comparison with other financial products”.

The “What is Forex?” Section covers:

  1. “How big is the Forex Market?”
  2. “Who trades Forex?”
  3. “Basics to trading Forex”.

The “Easy Step-by-Step Guide” includes the following topics:

  1. “Account Opening”.
  2. “Deposits”
  3. “Withdrawal”
  4. “Trading Platform”
  5. “Frequently Asked Questions”.

The Trading Manuals for the trading platforms covers the following:

  1. Quick start guide.
  2. Download manual.
  3. Android Platform manual.
  4. iPhone Platform manual.

Essential Components of the Forex Trade includes the following:

  1. “What are the Major Currencies?”
  2. “What are the most common Currency Pairs?”
  3. “What is the Spread for EUR/USD?”

The Hirose Trading glossary provides forex traders with the definitions of the most commonly used terminology in forex trading. It is a useful tool to build and expand the trader’s knowledge.

Is Hirose Trade Legit?

Yes, Hirose Trade is a legit Forex Broker and Trade Platform that is regulated by the FCA.

Is Hirose Trade Safe?

Yes, Hirose Trade is a reliable and safe Forex Trade platform that is regulated by:

  • The Financial Conduct Authority (FCA) in the United Kingdom.

Hirose Trade is obliged to keep client funds in segregated accounts, separate from its operational capital. These funds may not be used for any purpose other than trading activities. The FCA sets stringent rules and guidance which helps to eradicate malpractices in forex trading.

As a regulated broker, Hirose Trade provides transparent trading operations and ensures that a safe trading environment is maintained. Hirose Trade is also a member of the Financial Services Compensation Scheme (FSCS).

This provides eligible clients with insurance and compensation if Hirose Trade becomes insolvent, goes bankrupt, or is otherwise unable to fulfill its financial obligations.

Is Hirose Trade a Good Broker?

Yes. According to a Forex Suggest review on Hirose Trade, it is a good broker in terms of security, online support, and trading speed but not cryptocurrencies.

  1. In terms of security, Hirose Trade uses innovative technology to ensure that the data, information, and transactions of forex traders are secured. 
  2. In terms of online support, Hirose Trade offers a live chat function that can be accessed from the official website.
  3. In terms of trading speed, Hirose Trade executes trades at the best possible speed with minimal slippage and requotes.
  4. Where cryptocurrencies are concerned, Hirose Trade is a broker that only offers the trade in forex.

What is the Offering of Investment in Hirose Trade?

Offerings of Hirose Trade can be found below.

Feature Hirose Trade
Forex Trading Yes
CFDs No
Forex Pairs Yes
Cryptocurrency (Physical) No
Cryptocurrency (CFD) No
Social Trading  No

Does Hirose Trade have Nasdaq?

No, Hirose Trade does not have Nasdaq.

Hirose Trade only offers the trade-in currencies/forex.

What are the Awards of Hirose Trade?

Forex Trading Platform Hirose Trade’s awards are listed below.

  1. Best Affiliate Service Provider (2013) – Forex Magnates.
  2. Best Customer Service (2013 to 2015) – Oricon.

How to Use Hirose Trade for Forex trading?

To use Hirose Trade, a forex trader should have the necessities below:

  1. Forex traders must be 18 years, or older to register an account.
  2. Forex traders must have a valid form of identification and valid proof of their residential address.

Once a forex trader meets the conditions above, they can register a forex trading account to use the services of Hirose Trade.

How to open a Forex trader account with Hirose Trade?

To open a Forex Trading account with Hirose Trade, a trader should follow the steps below.

  1. Forex traders can visit the official Hirose Trade website and select “Open an Account” from the homepage.
  2. Forex traders can complete the application by providing some basic information, select their preferred platform, currency, nationality, country of residence, and provide their physical address. forex traders must also provide their trading experience, state their employment information, and provide financial and income details.
  3. Forex traders must provide proof of their identity by uploading a copy of their ID Card, Driver’s License, or their Password followed by a proof of residential address by uploading a bank statement or utility bill that clearly displays the name of the trader and the address.
  4. Lastly, forex traders can review their information and submit their applications for review.
  5. Once the account has been reviewed and approved, forex traders will receive their login credentials to the email address that forex traders provided in their application.

What are the Forex Trader Account Types with Hirose Trade?

Forex Trading Platform and Financial Asset Management Institution Hirose Trade have 3 different account types that are offered.

Hirose Trade Account Types are listed below. 

  1. Demo Account

  2. MetaTrader Account

  3. Lion Trader Account

  • Demo Account

Hirose Trade offers use of a demo account that can be used as a practice account by beginner forex traders. More advanced forex traders can also use this account to test their trading strategies or to test out Hirose Trade’s offer and/or the trading platform.

Forex traders can choose between a MetaTrader 4 or a Lion Trader demo account.

  • MetaTrader 4 Account

The Hirose Trade MetaTrader 4 Account, as the name suggests, is available on the MetaTrader 4 trading platform. This account caters to a variety of forex traders despite their trading experience, skill, or knowledge and has the following features to offer:

  • Access to 46 Forex pairs.
  • The ability to trade in lots.
  • Access to charting indicators.
  • Risk management tools include stop, limit, pending orders, and trailing stops.
  • The minimum trade size is 1,000 units, or 0.01 lot, or Micro Lot.
  • The minimum distance for orders is 3 pips, or 30 points, depending on the current market price.
  • Margin is 3.33% on forex majors.
  • Market execution.
  • Leverage up to a maximum of 1:30 as per ESMA requirements.
  • Commission-free trading.
  • A choice between GPB, USD, or EUR as the base account currencies.
  • Typical spreads from 1.9 pips EUR/USD.

 

  • Lion Trader Account

The Hirose Trade Lion Trader Account is based on the Lion Trader trading platform and caters for a variety of forex traders, from beginners to more advanced forex traders. The Lion Trader Account has the following features:

  • Access to 50 Forex pairs.
  • The ability to trade in lots.
  • Access to charting indicators.
  • Risk management tools include stop, limit, pending orders, and trailing stops.
  • The minimum trade size is 1,000 units, or 0.01 lot, or Micro Lot.
  • The minimum distance for orders is 3 pips, or 30 points, depending on the current market price.
  • Margin is 3.33% on forex majors.
  • Market execution.
  • Leverage up to a maximum of 1:30 as per ESMA requirements.
  • Commission-free trading.
  • A choice between GPB, USD, or EUR as the base account currencies.
  • Typical spreads start from 0.7 pips EUR/USD with 5-decimal prices.
  • Auto Margin Call Stop-out of 50% the initial margin.

How to Withdraw Money from Hirose Trade?

To withdraw money from Hirose Trade, the following should be done:

  • Forex traders can visit the official Hirose Trade website and log in to their “My Hirose” portal.
  • Forex traders can select the option to withdraw either from the MetaTrader 4 Account or from their Lion Trader Account.
  • Once the withdrawal request has been sent to the relevant department, Hirose Trade will process it at 1 am (GMT) on weekdays.
  • Depending on the payment method used, withdrawals can take up to 5 business days before the funds reflect in the trader’s account.
  • Hirose Trade sends funds back to the source from which deposits were received first.
  • Hirose Trade reserves the right to demand a copy of the trader’s bank statement to prove that the account belongs to the trader.
  • Forex traders must ensure that funds return to an account that has the same name like that with which the trader registered a trading account.

How many days do deposits take with Hirose Trade?

This will depend on the deposit method forex traders use with Hirose Trade. Some deposits will be processed between one business day whereas others may take several business days.

What are the costs and fees with Hirose Trade?

There are three types of costs with Hirose Trade namely spreads, swap fees, and margin requirements. 

The spread can be defined as the difference between the bid and ask price, indicated in pips, which is the smallest increment with which a price can move up or down. Swap fees are either debited or credited when forex traders hold a position open for longer after the trading day has ended, depending on whether the trader holds a short/long position.

The margin requirement is the percentage that the trader must pay at the start of the trade which is held 

What are the Trading Fees with Hirose Trade?

The Forex Trading Fees with Hirose Trade are below. 

The MetaTrader 4 Account:

  1. Spreads: from 1.9 pips EUR/USD.
  2. Swap Fees on GBP Accounts: Sell Swap of 0.01579 and buy swap of -0.03015.
  3. Swap Fees on USD Accounts: Sell Swap of 0.022 and buy swap of -0.042.
  4. Swap Fees on EUR Accounts: Sell Swap of -0.01839 and buy swap of -0.03512.
  5. Margin Requirement of 3.33% on forex majors.

The Lion Trader Account:

  1. Spreads: from 0.7 pips EUR/USD.
  2. Swap Fees on GBP Accounts: Sell Swap of 0.04752 and buy swap of -0.09072.
  3. Swap Fees on USD Accounts: Sell Swap of 0.066 and buy swap of -0.126.
  4. Swap Fees on EUR Accounts: Sell Swap of 0.05546 and buy swap of -0.10588.
  5. Margin Requirement of 3.33% on forex majors.

What is the minimum deposit in Hirose Trade?

According to the official website, there is no minimum deposit requirement in Hirose Trade.

What are the contract specifications in Hirose Trade?

Feature Hirose Trade
Forex Trading Yes
CFDs 0
Forex Pairs 50
Cryptocurrency (Physical) 0
Cryptocurrency (CFD) 0
Social Trading  No

Does Hirose Trade have promotional offers?

No, Hirose Trade does not have promotional offers.

The official Hirose Trade website does not specify any information pertaining to past, current, or future offers.

Does Hirose Trade have a welcome bonus?

No, Hirose Trade does not have a welcome bonus.

Welcome bonuses are an incentive offered to new forex traders who register for a live trading account for the first time. This is added as trading credited to the trading account and can be withdrawn after the required turnover has been met.

Hirose Trade’s official website does not indicate any past, current, or future welcome bonus promotions.

Does Hirose Trade have a deposit bonus?

No, Hirose Trade does not have a deposit bonus.

Deposit bonuses are provided to forex traders as a percentage back on their initial deposit, or several deposits thereafter. These bonuses are loaded as trading credit which becomes withdrawable after certain trading conditions and turnover requirements have been fulfilled.

The Hirose Trade official website does not specify any past, current, or future deposit bonus promotions.

Is there a commission-free trade bonus in Hirose Trade?

No, Hirose Trade does not offer forex traders a commission-free trade bonus.  

Is there a VIP bonus in Hirose Trade?

No, Hirose Trade does not offer forex traders a VIP bonus.

Can you start trading with no money at Hirose Trade?

No, you cannot start trading with no money at Hirose Trade. Even though Hirose Trade does not indicate a minimum required deposit, forex traders cannot start trading with no money as there is a margin requirement that forex traders must pay when they open a position.

How does leverage work with Hirose Trade?

Hirose Trade offers forex traders with a maximum leverage ratio of 1:30. This means that forex traders can multiply their initial deposit by a maximum of 30, allowing them to open more positions.

Leverage is a useful tool that Hirose Trade offers its forex traders. It can be seen as a loan that is taken from the broker on top of the initial amount that forex traders deposit on a trade. This allows forex traders to open larger positions, maximizing their profit potential.

However, even though it is a useful tool, forex traders must ensure that they know how to use leverage correctly as it can lead to significant losses.

Where are the headquarters of Hirose Trade?

Hirose Trade is headquartered in London, United Kingdom.

Who is Hirose Trade’s CEO?

The CEO of Hirose Trade is Shion Ikizake who was born in 1976 and has held the position since October 2019.

What are the social media accounts of Hirose Trade?

Forex traders can follow Hirose Trade on the following social media accounts:

  • Facebook
  • Twitter
  • Google Plus
  • YouTube.

How many employees do work for Hirose Trade?

There is no official source that provides the exact number of employees for Hirose Trade. However, due to its business operations, Hirose Trade employs between 10 and 100 employees.

What are the opinions about Hirose Trade?

Hirose Trade is not a well-known broker as a result of the number of brokers that are in the industry, offering a larger variety of financial instruments. However, despite offering limited instruments, Hirose Trade does not have a poor reputation and is still considered reputable as a result of its strict regulation.

What are Hirose Trade Contests?

Hirose Trade does not run any contests.

The Hirose Trade official website does not provide any insight into whether trade contests will be offered in the future.

Does Hirose Trade have online support?

Yes, Hirose Trade offers online support to forex traders by providing a live chat option that is accessible from the official Hirose Trade website. Hirose Trade offers support 24 hours a day, 5 days a week in multiple languages.

Does Hirose Trade offer demo accounts for Forex trading?

Yes, Hirose Trade offers a free demo account for all new forex traders. The demo account can be opened with the following steps:

  1. Forex traders can visit the official Hirose Trade website and hover over “Education”.
  2. Forex traders can select “Free Demo Account” and choose between Lion Trader and MetaTrader 4.
  3. Forex traders must download the trading platform that they prefer by clicking on the link provided and install it on their desktop PC.
  4. Once installed, the Hirose Trade LION MetaTrader 4, or LION Trader icon will appear, and forex traders can add a demo account from the Account area on the trading platform.

 

Does Hirose Trade have a mobile app for Forex trading?

No, Hirose Trade does not have a mobile app for forex trading.

Hirose Trade does not have a proprietary trading app but offers the use of Lion Trader and MetaTrader 4 on Android or iOS. This can be used in conjunction with the Hirose Trade demo or live account. 

Does Hirose Trade publish an economic calendar?

Hirose Trade does not publish an economic calendar on the official website.

An economic calendar is one of the most useful tools that forex traders can have access to. The economic calendar offers forex traders an in-depth view of all economic events, announcements, and releases from around the world.

By having access to this information, forex traders can see the events that may affect financial markets and subsequently, their trading, allowing them to make the necessary, informed trading decisions or to safeguard their positions.

What is the communication information of Hirose Trade?

Hirose Trade has three telephone numbers, one main business address, and three other additional business addresses.

Hirose Trade can be contacted telephonically by using the following telephone numbers:

Free: 0800 860 0923

Local: 0203 687 0348

International: +44 020 3687 0348

Hirose Trade’s main business address is 25 Finsbury Circus, London EC2M 7EE.

Hirose Trade’s other main offices can be found at the following addresses:

Hong Kong: Level 19, Cheung Kong Centre, 2 Queen’s Road Central, Hong Kong.

Japan: MG Building, 1-3-19 Shinmachi, Nishi-Ku, Osaka-Shi, Osaka, Japan.

Malaysia: Level 2, Lot 19, Lazenda Commercial Centre, Phase 3, 87007 F.T. Labuan, Malaysia.