Hirose-fx Forex Broker

Hirose-fxReview SummaryFounded2004Registered Country/RegionJapanRegulationFSAMarket InstrumentsForex, CFDs on stock index, ETFs, and commoditiesDemo Account✅LeverageUp to 1:20EUR/USDSpread0.3 pipsTrading PlatformLION FX, LION CFDMin Deposit$0Customer SupportContact formTel: 0120-63-0727; 06-6534-0708Fax: 0120-34-0709Email: info@hirose-fx.co.jp Hirose-fx was registered in 2004 in Japan. It mainly focuses on the forex and CFD markets, like stocks and commodities. It uses its own trading platforms, called LION FX and LION CFD, and it does not require minimum deposits and withdrawal. More importantly, it is regulated by the Financial Services Agency (FSA) in Japan.Pros and ConsPros Cons Regulated by FSANo Islamic accountDemo accountsNot support MT4 or MT5Low spreadsLimited payment optionsNo commissionsNo live chatNo minimum depositNo deposit and withdrawal feesVarious channels for customer supportIs Hirose-fx Legit? Yes, Hirose-fx is regulated by the Financial Services Agency (FSA) in Japan. However, the FSA once sanctioned Hirose-fx for violation of laws. Despite the fact that it is regulated, potential risks may still exist, and please be aware of the risks.Regulated AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.Financial Services Agency (FSA)RegulatedJapanRetail Forex License近畿財務局長（金商）第41号WikiFX Field Survey WifiFX field survey team visited Hirose-fx's regulatory address: 1-3-19 Shinmachi in Nishi-ku of Osaka, Japan. It is found that Hirose-fx has a physical business office.What Can I Trade on Hirose-fx? On Hirose-fx, customers can trade forex, stock index, ETFs, and commodities.Tradable Instruments Supported Forex✔CFDs✔Stock Index✔Commodities✔ETFs✔Cryptos❌Bonds❌Options❌ETFs❌Leverage For some of the stock index and ETF CFDs, the leverage is about 10 times, while for some commodity CFDs, it is about 20 times. When the leverage is high, the risks are also likely to be high. Therefore, careful considerations are recommended.Spread and Commission For different currency pairs, the spreads are not the same. As to the EUR/USD pair, the spread is 0.3 pips. As for commissions, all charging no commissions.Trading Platform Hirose-fx uses its own trading platforms, which are LION FX and LION CFD.Trading PlatformSupported Available Devices Suitable forLION FX✔Web, desktop, mobileForex tradersLION CFD✔Web, desktop, mobileCFD tradersMT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal Hirose-fx supports 3 types of deposit: quick deposit, quick deposit at ATM, and bank transfer. As for withdrawal, it supports real-time withdrawals and regular withdrawals. More importantly, no commission fees are charged.Deposit OptionMin DepositFeeProcessing TimeQuick deposit$0❌InstantQuick deposit at ATMBank transferWithdrawal OptionFeeProcessing TimeReal-time withdrawal❌9:30 to 14:30: InstantAfter 14:30: waiting until 9:30Regular withdrawal0:00 to 8:00: processing in the morning8:00 to 12:00: processing before 15:0012:00 to 24:00: waiting until the second morning