Score

7.99 /10
Good

Hirose-fx

Regulated in Japan

Retail Forex License

Medium potential risk

Perfect
B

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Score

Regulatory Index7.83

Business Index8.88

Risk Management Index8.90

Software Index7.05

License Index7.85

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

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40G

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Regulatory disclosure

Warning

JP FSA
2008-06-27
NatWest
Sumitomo Mitsui Banking
au Kabucom Securities
Standard Chartered
State Street
MUFG Bank
Bank of America
BNP Paribas
JP Morgan
HSBC
Commerzbank AG
Morgan Stanley
Goldman Sachs
Nomura International plc
Citibank, N.A.
DEUTCHE BANK AG
BARCLAYS
UBS AG
OCBC

Broker Information

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Company Name

Hirose Tusyo Co., Ltd.

Company Abbreviation

Hirose-fx

Platform registered country and region

Japan

Number of employees

Company website

Company summary

Pyramid scheme complaint

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WikiFX Verification

Hirose-fx · Company summary
Hirose-fxReview Summary
Founded2004
Registered Country/RegionJapan
RegulationFSA
Market InstrumentsForex, CFDs on stock index, ETFs, and commodities
Demo Account
LeverageUp to 1:20
EUR/USDSpread0.3 pips
Trading PlatformLION FX, LION CFD
Min Deposit$0
Customer SupportContact form
Tel: 0120-63-0727; 06-6534-0708
Fax: 0120-34-0709
Email: 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.

Hirose-fx's homepage

Pros and Cons

Pros Cons
Regulated by FSANo Islamic account
Demo accountsNot support MT4 or MT5
Low spreadsLimited payment options
No commissionsNo live chat
No minimum deposit
No deposit and withdrawal fees
Various channels for customer support

Is 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
Regulated by FSA
Disclosure
Is Hirose-fx Legit?

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.

WikiFX Field Survey

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
What Can I Trade on Hirose-fx?

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.

Leverage

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.

Spread and Commission

Trading Platform

Hirose-fx uses its own trading platforms, which are LION FX and LION CFD.

Trading PlatformSupported Available Devices Suitable for
LION FXWeb, desktop, mobileForex traders
LION CFDWeb, desktop, mobileCFD traders
MT4/Beginners
MT5/Experienced traders
Trading Platform
Trading Platform
Trading Platform

Deposit 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 Time
Quick deposit$0Instant
Quick deposit at ATM
Bank transfer
Withdrawal OptionFeeProcessing Time
Real-time withdrawal9:30 to 14:30: Instant
After 14:30: waiting until 9:30
Regular withdrawal0:00 to 8:00: processing in the morning
8:00 to 12:00: processing before 15:00
12:00 to 24:00: waiting until the second morning
Deposit and Withdrawal
Deposit and Withdrawal

User Reviews

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User comment

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FX1483284817
more than one year
I started trading with Hirose FX a few months ago, and so far, it's been pretty smooth. The tight spreads really help in keeping my trading costs down, which is a big plus for me since I trade quite frequently. However, I've noticed that during major economic announcements or market shifts, the spreads can widen significantly, so that's something to keep an eye on. One thing I appreciate is their weekly updates on swap points—it helps me plan my trades better. Overall, Hirose FX has been reliable and transparent, making my trading experience quite positive.
I started trading with Hirose FX a few months ago, and so far, it's been pretty smooth. The tight spreads really help in keeping my trading costs down, which is a big plus for me since I trade quite frequently. However, I've noticed that during major economic announcements or market shifts, the spreads can widen significantly, so that's something to keep an eye on. One thing I appreciate is their weekly updates on swap points—it helps me plan my trades better. Overall, Hirose FX has been reliable and transparent, making my trading experience quite positive.
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2024-06-04 14:17
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Benneat
more than one year
THE WORST COMPANY. DO NOT FALL FOR THEIR FAKE 5 star REVIEWS!!!!!!!!! I Been with them for 5 years. Previously not a big issue with withdrawals however now they love to keep your money away for a couple days as they know you will likely trade again and are hoping for you to lose it. Why is it instant deposits but withdrawals taking 2 days to process????? Absolutely rubbish and will never ever trade with these scammers. Useless people
THE WORST COMPANY. DO NOT FALL FOR THEIR FAKE 5 star REVIEWS!!!!!!!!! I Been with them for 5 years. Previously not a big issue with withdrawals however now they love to keep your money away for a couple days as they know you will likely trade again and are hoping for you to lose it. Why is it instant deposits but withdrawals taking 2 days to process????? Absolutely rubbish and will never ever trade with these scammers. Useless people
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2024-04-19 12:22
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