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Forex broker comparison uk
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Clients of Hirose UK can sign up for one of 2 available account types, depending on the trading platform used: LionTrader and MetaTrader 4. Both account types are commission-free and traders may use leverage up to 1:300.
Hirose UK is the London-based subsidiary of Hirose Tusyo of Japan. The Osaka-based company (listed on the Japanese Stock Exchange as of March 2016), was established in 2004 and is now one of the largest Over-The-Counter (OTC) forex providers. The Hirose Group has a global presence, providing margined FX services to more than 200,000 clients worldwide.
Hirose Financial UK Ltd., operating as Hirose UK, offers multiple trading solutions to the FX community (binaries included) through both the popular MetaTrader 4, and as its in-house Lion Trader platform.
Security of Funds.
Hirose Financial UK Ltd., doing business as Hirose UK, is authorised and regulated by the Financial Conduct Authority (FCA).
All FCA-regulated companies are required to observe strict rules and procedures. For instance, UK brokerage firms are obliged to hold at least €730 000 in order to prove their financial stability.
What is more, Hirose UK is subject to the client money rules set by UK’s financial watchdog and keeps all client money separated from the company`s own funds into segregated accounts.
Probably most important with regard to safety of funds invested in FCA-regulated firms is the Financial Services Compensation Scheme (FSCS) coverage. In the event of a shortfall, FSCS is able to cover your investment loss (or the funds held in your trading account) up to a maximum of £50,000.
Minimum Initial Deposit.
Traders are required to deposit $20 in order to open an account with Hirose UK, which is a low minimum initial amount. In comparison, other FCA-regulated forex brokers, like forex.com, require $250, and HY Markets - $50.
Average spreads & Commissions.
Hirose UK offers floating spreads, which vary by account category: average ones on the MT4 platform amount to 1.9 pips on EUR/USD, which is a comparatively high value; while spreads on the LionTrader, averaged 0.8 pips on EUR/USD, are attractively low.
What is more, clients take advantage of commission-free trading on both accounts, as the broker gets its remuneration through the spread.
In comparison, Trading212 provides variable spreads amounting to 0,9 pips on EUR/USD on its commission-free accounts. For further information, you may look up real-time spreads of 15 leading brokers may be viewed here.
The maximum leverage rates at Hirose UK are up to 1:300. Such leverage is considered comparatively high, although many other FCA-regulated brokers offer similar or higher leverage rates: HY Markets also provides leverage up to 1:300 and FxPro - up to 1:500. More forex brokers offering leverage equal to or exceeding 1:500 can be views here.
Higher leverage ratios may multiply your earnings on a small deposit, but they may also lead to heavy losses, exceeding initial investments. That is why limitations on leverage rates are set in several jurisdictions (i.e. 1:50 in the USA), and we advise traders to exercise caution when using higher leverage levels.
When trading with Hirose UK, you will be offered their proprietary Lion Trader and the popular Metatrader 4 (MT4), both available as desktop and mobile versions.
Lion Trader is simple and easy to use platform, providing fast execution speed, 50 built-in indicators and free downloadable strategies. It is good for scalping & hedging.
Hirose Uk's Lion Trader.
Like most forex brokers, Hirose UK supports the popular MT4 trading platform. It is preferred by most experienced traders, because it is equipped with an advanced charting package, a number of technical indicators, extensive back-testing environment and a variety of Expert Advisors (EAs).
What is more, the broker has also developed a platform specialised in trading in binary options, called Lion Binary Pro.
At the time of writing this review, the broker offered the following bonus schemes:
- 100% Welcome bonus on first deposit up to $ 500;
- $ 10 Refer a friend bonus for each friend who opens a live account.
Methods of Payment.
Clients of Hirose UK can make deposits to and withdrawals from their accounts via credit/debit cards (Visa, MasterCard, Maestro), bank wire, Skrill, and Neteller.
Accepted currencies: GBP, EUR and USD.
Part of a Global group, Hirose UK is a reliable award-winning STP broker, providing attractive conditions for trading various currency pairs and binary options. In a nutshell, here are the advantages and disadvantages with regards to this broker:
Headquarters: 27 Austin Friars, London, EC2N 2QP.
Country: UK, registration number 7423885.
Regulated by Financial Services Authority (FSA) registration number 540244.
HIROSE UK now offers Binary Options.
$10 no deposit bonus, 90% Payout,
Only $1 minimum trade.
Axiory offers its clients a choice of two basic account types: a STP account, where all costs are included in the spread, and a ECN account with raw interbank spreads, where a commission applies. Otherwise, both accounts provide variable spreads, leverage up to 1:400 and the option to trade in micro lots.
Furthermore, this broker offers PAMM services for investors/money managers.
The Company. Security of Funds.
Axiory Global Ltd.
Established back in 2007, Axiory Europe is a STP/ECN retail forex broker offering online trading in more than 60 currency pairs, precious metals and various other CFDs through the MetaTrader 4 and cTrader platforms.
The company behind the brand, Axiory Global Ltd., is licensed by the International Financial Services Commission (IFSC) of Belize.
IFSC-licensed companies are required to have a minimum of $500,000 net tangible assets and to keep client funds in segregated accounts.
Despite providing a regulated status, the IFSC has liberal control over forex brokers. Its supervision focuses on promulgation of regulation and a binding code of conduct. Little attention is paid to compliance-checking, reporting and on-going supervision. So, keep that in mind if you intend to invest in a Belize-registered broker. Also, the chances to recover your funds in case of a fraud or bankruptcy are close to zero.
We would like to note that Axiory does not seem like a typical offshore scam – the brokerage is in the business for 10 years, and also it has a European sister company - Capital Solutions Ltd., a Cyprus Investment Firm (CIF), licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).
Minimum Initial Deposit.
The minimum initial deposit for Axiory’ clients is $200, which is an average amount to start with.
Average Spreads & Commissions.
Being a STP/ECN broker, Axiory Europe offers floating spreads, which vary by account category. Nonetheless, trading costs on both accounts are similar, if we add the commission applicable to the ECN spread - 1.6 pips on EUR/USD per lot, which is slightly above average.
In comparison, FX Choice (also with IFSC license) offers average spreads of 1.2 pips on EUR/USD. You may also look up and compare real-time spreads of 15 leading brokers here.
This broker offers leverage up to 1:400, which is considered high, although many forex brokers, offering leverage 1:500 and higher.
We advise traders to be careful with trading on margin, for high leverage levels may lead to heavy losses in excess of initial investments.
Like most forex brokers, Axiory supports the famous trading platform MetaTrader 4 (MT4), desktop, web and mobile versions available. MT4 is preferred by most traders, because it is equipped with advanced charting package, a number of technical indicators, Expert Advisors (EA) and extensive back-testing options.
Together with MetaTrader 4, Axiory offers its clients cTrader trading platform, developed by Spotware. With its progressive approach, intuitive GUI, and advanced trading features, outstanding operability and almost perfect back-end setup, cTrader provides traders with a complete trading solution suitable for all their needs.
cTrader suite includes a PC, web and mobile versions, as well as cAlgo, which allows you to create trading robots and your own indicators for technical analysis, using the language C#.
Methods of Payment.
There are several payment methods available to Axiory’s clients: bank wire and credit/debit card (such us Visa, MasterCard®), eWallets Skrill & Neteller.
Although Axiory is an offshore broker, it has 10 years of experience and good overall reputation. It offers online STP/ECN online trading through 2 great platforms - MT4 and cTrader. To sum up the above, here are the advantages and drawbacks in relation to this broker:
Company: Axiory Global Ltd.
Regulated by: IFSC.
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