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eToro , Hirose-fx Broker Comparison

Do you want to know which is the better broker between eToro and Hirose-fx ?

In the table below, you can compare the features of eToro , Hirose-fx side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
eToro
7.53
Regulated
Under guarantee
10-15 years
ASIC,CYSEC,FCA,FSC
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Hirose-fx
7.98
Regulated
Under guarantee
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15-20 years
FSA
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eToro BrokersRelevant information

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of etoro, hirose-fx lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

etoro
eToro Basic Information
Founded in 2007
Headquarters United Kingdom
Regulations CySEC, FCA, ASIC
Tradable Assets Stocks, Cryptocurrencies, Currencies, Commodities, ETFs
Minimum Deposit $10
Trading Fees Commission-free trading, Spreads from 0.75 pips on EUR/USD
Non-Trading Fees Withdrawal fee of $5, Inactivity fee of $10/month after 12 months of inactivity
Leverage Up to 1:30 for retail clients, up to 1:400 for professional clients
Trading Platforms eToro proprietary platform, MetaTrader 4
Mobile Trading Yes, available on iOS and Android
Customer Support 24/5 live chat, email support
Educational Resources Social trading, educational videos, blog articles, eToro Academy
Demo Account Yes, unlimited time
Other Features CopyTrader, Popular Investor Program, eToro Wallet

Overview of eToro

eToro is a multi-asset social trading platform that has gained widespread popularity among investors, traders, and social media enthusiasts since its inception in 2007. It offers users access to a wide range of financial instruments, including stocks, cryptocurrencies, forex, indices, and commodities, among others. The platform provides a user-friendly interface that caters to both novice and experienced traders alike, making it one of the most popular trading platforms on the market.

One of eToro's standout features is its social trading capabilities, which allow users to copy the trades of successful traders and build their investment portfolios. The platform has a large community of traders who share insights, strategies, and knowledge, making it an excellent learning resource for traders looking to improve their skills.

overview

Is eToro legit or a scam?

eToro is a legitimate and regulated online brokerage firm that has been operating since 2007. It is licensed and regulated by several reputable financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC). The company is also a member of the Investor Compensation Fund, which provides additional protection for traders' funds. However, as with any investment platform, there are risks involved in trading, and traders should always be aware of the potential risks and take steps to protect their investments.

license
license
license

Pros & Cons

eToro's user-friendly interface, range of trading assets, and social trading features have made it popular among both beginner and experienced traders. However, as with any trading platform, eToro has its pros and cons, which potential users should consider before signing up. In this section, we will discuss the advantages and disadvantages of using eToro as a trading platform.

Pros Cons
User-friendly and easy-to-use platform Higher spreads compared to some other brokers
Regulated by reputable financial authorities Limited range of tradable assets
Copy trading and social trading features Limited research and analysis tools
Wide range of payment methods Inactivity fee charged after 12 months of inactivity
Commission-free trading on stocks and ETFs Withdrawal fee of $5
Demo account available for practice Limited customer support options

Market Instruments

eToro offers a wide range of financial instruments for traders to choose from, covering various markets globally. Traders can access more than 2,400 assets, including popular currencies, commodities, indices, and stocks from exchanges around the world. Furthermore, eToro enables traders to trade cryptocurrency, such as Bitcoin and Ethereum, which has become a popular asset class in recent years due to its high volatility and potential for substantial profits. With this wide range of instruments available, traders can diversify their portfolios and explore various markets to find the best investment opportunities.

market-instruments
Pros Cons
Wide variety of assets including stocks, cryptocurrencies, commodities, forex, and more Limited selection of options and futures contracts
Commission-free trading on most instruments Limited research tools for fundamental analysis
Availability of social trading, allowing for copy trading and following other traders' strategies Limited access to less popular or niche assets
Option to trade fractional shares for stocks, making it accessible to investors with small capital Limited trading hours on certain assets, such as cryptocurrencies
Lack of transparency in pricing structure for some assets

Account Types

eToro provides traders with two primary types of accounts to choose from, namely the Retail and Professional accounts. These account types differ in various aspects, such as trading features, account requirements, leverage limits, and the level of regulatory protection they offer.

eToro's Retail account is suitable for most traders and investors. This account type requires a minimum deposit of $500 and provides access to all eToro's trading instruments, including cryptocurrencies, stocks, ETFs, commodities, and more. Retail account holders can also benefit from eToro's social trading features, which allow users to follow and copy other successful traders on the platform. However, retail account holders are limited to a maximum leverage of 1:30, as per regulatory requirements.

eToro's Professional account is designed for experienced traders who meet certain criteria, such as having a minimum of two years of trading experience and meeting certain financial thresholds. This account type provides access to higher leverage of up to 1:400, and allows users to benefit from reduced margin requirements and negative balance protection. However, professional account holders are not eligible for certain investor protection rights, such as compensation schemes, as they are deemed to have a higher level of trading knowledge and experience.

account-types
Aspects Pros Cons
Account Types Offers both retail and professional accounts Professional accounts require certain qualifications
Minimum Deposit Low minimum deposit requirement for retail account High minimum deposit requirement for professional account
Commission No commission on trades for most assets Higher spreads compared to other brokers
Leverage Up to 1:30 for major currency pairs Limited leverage options for professional accounts
Platform User-friendly platform with social trading features Limited customization options
Customer Support 24/7 customer support in multiple languages Phone support only available during market hours

How to open an account with eToro?

To open an account with eToro, you need to follow these steps:

  • Go to the eToro website and click on the “Join Now” button.

open-account
  • Enter your personal information, including your name, email address, and phone number.

open-account
  • Verify your email address by clicking on the verification link sent to your email. Provide additional information, including your date of birth, address, and tax ID number. Agree to the terms and conditions and submit your application.

  • Wait for eToro to review and approve your account, which usually takes a few minutes to a few business days.

  • After approval, you can fund your account with preferable payment methods and then start your real trading with this broker.

open-account

Demo Account

eToro offers a demo account for traders who want to practice trading strategies without risking real money. The eToro demo account provides $100,000 in virtual money and is valid for an unlimited amount of time, allowing traders to familiarize themselves with the platform and practice their trading skills.

To open a demo account, traders can simply sign up for an eToro account and select the option to use the demo account. It's important to note that the eToro demo account does not require any deposit or funding, making it a risk-free way to test out the platform.

When using the demo account, traders should keep in mind that the virtual money provided is not real, and any profits or losses made are also not real. It's also important to note that while the demo account provides a good introduction to the platform, it may not accurately reflect the actual market conditions and trading experience.

demo-account
demo-account

Leverage

eToro offers leverage for trading various financial instruments. The maximum leverage provided by eToro varies depending on the instrument and the jurisdiction of the client. For example, for major forex pairs, eToro offers leverage up to 1:30 for retail clients and up to 1:400 for professional clients. For commodities such as gold and silver, leverage can be up to 1:20 for retail clients and up to 1:100 for professional clients. For stocks, eToro offers leverage up to 1:5 for both retail and professional clients. It is noted that high leverage can amplify your potential returns, but more importantly, it can increase your risks.

Spreads & Commissions (Trading Fees)

eToro's spreads vary depending on the asset being traded. The platform charges variable spreads, which means that the spread can widen or narrow depending on market conditions. The typical spread for major currency pairs such as EUR/USD and GBP/USD is around 3 pips during normal market conditions. However, this can vary depending on market volatility and liquidity.

For other assets, such as cryptocurrencies and commodities, eToro's spreads are generally higher. For example, the spread for Bitcoin can range from 0.75% to 5% depending on market conditions.

spreads-commissions
Pros Cons
Zero commission on stock and ETF trading Wider spreads compared to other brokers
Competitive spreads on major forex pairs Overnight fees charged on leveraged positions
No hidden fees or surprises Limited selection of exotic currency pairs
Transparent pricing Higher spreads on cryptocurrencies
Tight spreads on commodities and indices Spreads can widen during volatile market conditions

Non Trading Fees

In addition to spreads and commissions, eToro also imposes a few non-trading fees that traders should take into consideration before trading on this platform. These fees include:

  • Withdrawal fee: eToro charges a withdrawal fee of $5 per withdrawal. This fee is relatively low compared to other brokers.

  • Inactivity fee: If you don't log in to your eToro account for 12 months, an inactivity fee of $10 per month will be charged to your account. This fee is charged until you log in again or until your account balance reaches zero.

  • Overnight fees: eToro charges overnight fees or rollover fees for positions held open overnight. The amount of the fee depends on the instrument traded, the direction of the position, and the size of the position.

  • Currency conversion fee: If you deposit funds in a currency different from the base currency of your account, eToro charges a currency conversion fee. The fee is 0.5% of the deposited amount, and it's calculated based on the exchange rate at the time of the conversion.

non-trading-fees
non-trading-fees
non-trading-fees
non-trading-fees
Pros Cons
No commissions on stock and ETF trading Higher spreads compared to other brokers
No deposit fees High withdrawal fees
No account maintenance fees Inactivity fee after 12 months of inactivity
No fees for using the CopyTrader feature Limited payment methods
No fees for currency conversion Overnight fees for positions held overnight
High fees for using PayPal as a payment method

Trading Platform

eToro offers its proprietary trading platform, which is designed to be user-friendly and intuitive, particularly for novice traders. The platform provides a variety of tools and features, including real-time market data, advanced charting tools, and an easy-to-use order entry system.

One of the most notable features of the eToro platform is its social trading functionality, which allows users to follow and copy the trades of successful traders. This feature is particularly appealing to new traders who may lack the knowledge or experience to make their own trades.

In addition to its proprietary platform, eToro also supports the popular MetaTrader 4 (MT4) platform, which is widely used by traders around the world. MT4 is known for its advanced charting capabilities, extensive library of technical indicators, and the ability to automate trading strategies through the use of Expert Advisors (EAs).

trading-platform
trading-platform

Here is a comparison table of the trading platform offered by eToro, FP Markets and Exness:

Broker Trading Platform Desktop Web-based Mobile
eToro eToro Platform ✔️ ✔️ ✔️
FP Markets MetaTrader 4 (MT4) ✔️ ✔️ ✔️
Exness MetaTrader 4 (MT4) ✔️ ✔️ ✔️

Deposits & Withdrawals

eToro accepts multiple payment methods, including credit/debit cards, bank transfers, and e-wallets such as PayPal, Neteller, and Skrill. The minimum deposit amount is $10, which is relatively low compared to other brokers in the industry. Deposits are usually processed instantly or within one business day, depending on the payment method. eToro does not charge any deposit fees, but some payment providers may have their own fees.

eToro allows you to withdraw funds using the same payment methods as deposits.The minimum withdrawal amount is $30, and there is a withdrawal fee of $5.Withdrawals are usually processed within one business day, but it may take longer for bank transfers.Before making a withdrawal, you need to verify your identity and complete the necessary KYC (Know Your Customer) procedures. eToro also has a policy of returning funds to the original payment method used for deposits, whenever possible.

deposits-withdrawals
deposits-withdrawals
deposits-withdrawals
deposits-withdrawals
Pros Cons
Wide range of payment methods available including credit/debit cards, PayPal, and bank transfer Withdrawal fee of $5 per transaction
Quick and easy deposit process with most methods being processed instantly Minimum withdrawal amount of $30
No deposit fees charged by eToro Limited number of currencies available for deposits and withdrawals
Supports deposits and withdrawals in multiple currencies Withdrawal processing time can take up to 7 business days
Allows users to set up multiple payment methods for convenience Third-party fees may be charged by payment processors
Negative balance protection ensures that users cannot lose more than they have deposited Users may need to provide additional verification documents for withdrawals

Customer Support

Customer support is an important aspect of any online brokerage firm, and eToro is no exception. eToro offers various channels for customers to get in touch with its support team. These channels include:

  • Live chat: This is available 24/5, Monday to Friday. It is the fastest and most efficient way to get support.

  • Email: Customers can send an email to the eToro support team. The response time is usually within 24 hours.

  • Phone: Customers can also call the support team during office hours. eToro provides local phone numbers for various countries.

  • Social media: eToro has a presence on various social media platforms, including Twitter and Facebook. Customers can use these platforms to get in touch with the support team.

  • FAQ section: eToro offers a comprehensive FAQ section on their website that covers a wide range of topics related to their services, trading, account management, and more. The FAQ section is organized into categories, making it easy for users to find answers to their questions quickly.

Educational Resources

When it comes to educational resources, Toro offers a variety of educational content to help traders improve their skills and knowledge of the financial markets.

These resources include:

  • eToro Academy: This is an online education portal that provides traders with a wide range of educational materials, including articles, videos, webinars, and courses on various topics such as trading strategies, market analysis, risk management, and more.

educational-resources
  • Trading Guides: eToro also offers a series of trading guides that provide in-depth information on various trading topics, including stocks, commodities, currencies, and indices.

  • Market News and Analysis: eToro provides traders with up-to-date news and analysis on the financial markets. This includes daily market updates, weekly market analysis, and other educational content.

educational-resources
  • Blog: eToro has a blog that provides traders with the latest news, market analysis, and trading tips.

  • Virtual Portfolio: eToro offers a virtual portfolio feature that allows traders to practice trading without risking real money. This is a great way for beginners to gain experience and test out their trading strategies before trading with real money. Here is an instructional video for users to know clearly what Virtual Portfolio is:https://www.youtube.com/watch?v=GWK7uQ98KpM.

Conclusion

Overall, eToro is a reputable and user-friendly online trading platform that offers a wide range of financial instruments and trading options to its clients. Its innovative social trading features, intuitive platform, and excellent customer service make it an attractive choice for both beginner and experienced traders. However, it does have some drawbacks, such as relatively high fees, limited research tools, and a lack of advanced charting capabilities.

FAQs

  • Q: Is eToro a regulated broker?

  • A: Yes, eToro is a regulated broker. It is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) in Europe, the Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investments Commission (ASIC) in Australia.

  • Q: What trading instruments are available on eToro?

  • A: eToro offers a wide range of trading instruments, including stocks, ETFs, cryptocurrencies, forex, commodities, and indices.

  • Q: What is the minimum deposit required to open an account on eToro?

  • A: The minimum deposit required to open an account on eToro varies depending on your location and the type of account you choose. For most countries, the minimum deposit is $500.

  • Q: Does eToro offer a demo account?

  • A: Yes, eToro offers a demo account that allows you to practice trading with virtual funds. The demo account is free and can be used for an unlimited period of time.

  • Q: What is eToro's customer support like?

  • A: eToro's customer support is available 24/5 and can be reached through email, live chat, and phone. They also have a comprehensive help center and a community forum where you can get answers to common questions and connect with other traders.

hirose-fx
Aspect Information
Registered Country/Area Japan
Founded Year 15-20 years ago
Company Name Hirose Tusyo Co., Ltd.
Regulation Regulated in Japan
Minimum Deposit Not specified
Maximum Leverage Not specified
Spreads Fixed spreads on certain currency pairs
Trading Platforms NET4 (installed version), LION FX C2 (installed version), LION FX Mobile App, HTML5 version, Flash version, Mobile app/portable version
Tradable Assets 51 currency pairs, including major currencies and large currency pairs
Account Types FX accounts, LION CFD accounts
Demo Account Not specified
Islamic Account Not specified
Customer Support Phone, email, fax, website
Payment Methods Quick deposit, quick deposit at ATM, transfer deposit
Educational Tools LION FX easy operation video seminar, FX MARKET INFORMATION SEMINAR, seminars on campaign product cooking, resources on website

General Information

Established in 2004, Hirose Tusyo Inc. is a Japan-based company mainly engaged in foreign exchange margin trading business, and was listed on the JASDAQ market of the Tokyo Stock Exchange on March 18, 2016.The Company is mainly engaged in foreign exchange margin trading business, which provides investors with foreign exchange margin trading and binary options trading through the Internet; provision of trading systems for group companies; provision of white label services for financial instruments traders, as well as covering transaction business as a counterparty of financial instruments traders, among others. Hirose Tusyo Inc. is authorized and regulated by Financial Services Agency, with regulatory license number 9120001106932.

The broker provides fixed spreads on several currency pairs, although these spreads may vary based on market conditions. Hirose-fx does not charge any commissions on trades, reducing the overall cost of trading. They offer deposit and withdrawal options and provide customer support through various channels, including phone, fax, and an online inquiry form.

Overall, Hirose-fx is a regulated broker with a range of trading instruments, account types, and trading platforms. Traders can benefit from their fixed spreads, commission-free trading, and accessible customer support.

basic-info

Pros and Cons

Hirose-fx is a regulated Forex broker that offers a range of trading instruments, including 51 currency pairs. The company holds a Retail Forex License and is regulated by the Financial Services Agency (FSA) of Japan. Hirose-fx provides two types of accounts, FX accounts, and LION CFD accounts. They offer various order types to meet different trading needs and have both fixed and variable spreads, depending on market conditions. Hirose-fx does not charge any commissions on trades, which can be advantageous for traders. They offer multiple deposit and withdrawal options, as well as a variety of trading platforms to cater to different preferences and devices. The broker also provides trading tools, educational resources, and customer support through various channels. Overall, Hirose-fx has its strengths and weaknesses, and traders should carefully consider their options before choosing this broker.

Pros Cons
Regulated by the Financial Services Agency (FSA) of Japan Medium potential risk
Offers a variety of trading instruments, including 51 currency pairs Limited account types (FX accounts and LION CFD accounts)
Provides a range of trading platforms for different preferences and devices Spreads may widen or contract based on market conditions
Offers a selection of order types to meet different trading needs Variable spreads based on market conditions
Does not charge commissions on trades Withdrawal requests have specific request and reflection times
Deposit options with various payment methods available Limited customer support channels
Provides trading tools for market analysis and economic news updates Maintenance periods during trading hours
Offers educational resources to improve trading knowledge and skills Limited availability during rollover time

Is Hirose-fx Legit?

Based on the information provided, Hirose-fx, also known as Hirose Financial UK Ltd, is regulated by the Financial Services Agency (FSA) of Japan. It holds a Retail Forex License and is regulated under the supervision of the Kinki Local Finance Bureau (近畿財務局長(金商)第41号). The licensing institution is Hirose Tsusho Kaisya Limited (ヒロセ通商株式会社).

The effective date of the license is September 30, 2007. The company's address is located at MG Building, 1-3-19 Shimmachi, Nishi-ku, Osaka, Japan. The phone number provided for the licensed institution is 06-6534-0708.

regulation

Market Instruments

Hirose-fx offers a variety of trading instruments, including 51 currency pairs. These currency pairs encompass major currencies from around the world and provide opportunities for traders to engage in foreign exchange (Forex) trading. Some of the currency pairs offered include AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, CHF/JPY, CNH/JPY, EUR/AUD, EUR/CAD, and others.

Additionally, Hirose-fx offers a selection of large currency pairs, which are often traded frequently and have high liquidity. These large currency pairs include Large USD/JPY, Large EUR/USD, Large EUR/JPY, Large GBP/USD, Large GBP/JPY, and Large AUD/JPY.

market-instruments
Pros Cons
Offers a variety of trading instruments, including 51 currency pairs Medium potential risk
Provides opportunities for Forex trading with major currencies worldwide Limited account types (FX accounts and LION CFD accounts)
Includes large currency pairs with high liquidity for frequent trading Spreads may widen or contract based on market conditions
Access to popular currency pairs like AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, CHF/JPY, CNH/JPY, EUR/AUD, EUR/CAD, and others Variable spreads based on market conditions
Allows trading of Large USD/JPY, Large EUR/USD, Large EUR/JPY, Large GBP/USD, Large GBP/JPY, and Large AUD/JPY Withdrawal requests have specific request and reflection times

Account Types

Hirose-fx offers two types of accounts: FX accounts and LION CFD accounts. Customers residing overseas are unable to open a LION CFD account. If a customer already has a LION FX account and wishes to open a LION CFD account, they can do so from the trading screen after the next business day following the completion of the FX account opening procedure. For more information on how to apply for a LION CFD account, customers can refer to the provided guidelines.

Pros Cons
Provides options for different trading preferences and strategies Limited availability of LION CFD accounts for customers residing overseas
Allows customers to choose the account type that suits their needs Additional procedures required to open a LION CFD account if already holding a LION FX account
Supports different trading platforms for each account type Customers need to refer to guidelines for information on applying for a LION CFD account

How to Open an Account?

To open an account with Hirose-fx, follow these steps:

  1. Access the main website of Hirose-fx and click on “新規口座開設” (Open a new account) or a similar option.

open-account
  1. The account opening process may vary depending on the required identity verification documents and delivery method. Choose the appropriate option and proceed.

open-account
  1. Fill in the necessary information and review the required documents. Note that using Internet Explorer (IE) is. not recommended; it's advisable to use another browser.

open-account
  1. Submit your identity verification documents and My Number verification documents. You can choose from various sending methods, including simple identity verification with a smartphone, easy identity verification with Internet banking, upload, email, fax, or mail.

open-account

5. Once all the necessary documents are received, Hirose-fx will begin the screening and account opening process. Normally, it takes 1-2 business days after the arrival of the verification documents.

6. You will receive your user ID and password via email. The method of sending the user ID and password depends on the method used to send the identification documents.

7. Deposit funds into your trading account. Once the funds are deposited, you can log in and start trading.

FX Spreads & Commissions

FIXED SPREADS: Hirose-fx provides fixed spreads on several currency pairs. For example, USD/JPY has a fixed spread of 0.2 pips, AUD/JPY has a fixed spread of 0.6 pips, GBP/JPY has a fixed spread of 1.0 pip, AUD/USD has a fixed spread of 0.4 pips, EUR/USD has a fixed spread of 0.3 pips, NZD/JPY has a fixed spread of 0.8 pips, and MXN/JPY has a fixed spread of 0.2 pips. These fixed spreads indicate that the difference between the buying and selling prices of these currency pairs remains constant under normal market conditions.

VARIABLE SPREADS: It should be noted that while Hirose-fx provides fixed spreads, these spreads are not completely fixed. The spreads may widen or contract based on market conditions and exceptional events such as low liquidity times. This means that during times of increased volatility or reduced market liquidity, the spreads may change from their fixed values. As a result, the actual spreads experienced by traders may differ from the ones mentioned above.

COMMISSIONS: Hirose-fx does not charge any commissions on its trades. This means that traders can execute their trades without incurring any additional fees in the form of commissions. The absence of commissions can be advantageous for traders.

spread-commission

Order Types

There are 27 order types, including Market Order, Limit Order, Stop Order, OCO order, IF-DONE order, IF-OCO order, Trail Order, Streaming order, Timed Market order, Timed Limit ( stop) order, one-click order, Quick Order, One-click payment order, Bulk Settlement Order, Bulk Purchase Settlement order, Bulk Sale Settlement order, All Settlement Order by currency, All settlements Orders, Pip difference Settlement order, Doten Order, Bulk Order, Amount specified all settlement, trigger order, Timed All Settlement order, BID Judgment Buy (ASK Judgment Sell) Stop Order, Trigger orders in other currencies, Repeat time specified market order.

order-type

Trading Time

When US standard time is applied, Japan time Monday 7:00 am to Saturday 6:30 am Japan time. When summertime is applied, Japan time Monday 6:30 am to Saturday 5:30 am. Rollover time (6:59 am Japan time) Minutes, 5:59 am when US summer time is applied), communication will be disconnected, and day closing work and maintenance will be performed. (It takes about 15 minutes for the day closing work and maintenance, but it may take up to 30 minutes.)

Trading Platforms

Hirose-fx offers a range of trading platforms designed to cater to the diverse needs of traders. These platforms provide access to the financial markets and offer various tools and features to facilitate trading activities.

NET4 (installed version): This trading platform is available for Windows and Mac operating systems. It offers customizability, easy-to-see screens, and the ability to view charts and execute orders. It supports various order types and provides access to account information and news.

trading-platform

LION FX C2 (installed version): This platform is recommended for beginners and offers versatile functionality. It allows for simultaneous ordering and payment, displays order and position execution history, and supports collective payment. It provides a simple and comfortable user experience.

trading-platform

LION FX Mobile App (iPad, iPhone, Android): Hirose-fx offers mobile apps for iPad, iPhone, and Android devices. These apps provide access to essential functions and information. Traders can check rates, view charts, place orders, monitor positions, and manage their accounts using these mobile apps.

trading-platform
trading-platform

HTML5 version, Flash version: Hirose-fx also offers web-based trading platforms compatible with various web browsers. The HTML5 version provides access to charting tools, order placement, and account information. The Flash version may have similar functionality but requires Flash support.

trading-platform

Mobile app/portable version: Hirose-fx provides a mobile version of its trading platform that is compatible with mobile phones from different carriers such as docomo, au, and SoftBank. This version allows traders to conduct transactions and access various features on their mobile devices.

trading-platform

The trading platforms offered by Hirose-fx provide traders with the ability to view real-time rates, analyze charts, place different types of orders, manage positions, and access account information. Each platform has its own set of features and compatibility options to cater to traders' preferences and device capabilities.

trading-platform
Pros Cons
Multiple platform options (NET4, LION FX C2, LION FX Mobile App, HTML5 version, Flash version, Mobile app/portable version) May require separate platform downloads for different devices
Customizability and easy-to-use interfaces Flash version requires Flash support
Real-time rate viewing and chart analysis Limited platform availability for certain carriers or operating systems
Support for various order types Mobile app/portable version may have limited features compared to other platforms
Access to account information and news updates Web-based platforms may have performance limitations compared to installed versions
Mobile apps for iPad, iPhone, and Android devices available

Deposit & Withdrawal

There are three types of deposit options available with Hirose-fx: quick deposit, quick deposit at ATM, and transfer deposit. Payments can be made 24 hours a day, 365 days a year. Quick deposits support approximately 380 lines and are free of charge, except for PayPay, Mizuho, and Sumitomo Mitsui Banking Corporation, which may charge a fee. Quick deposit at ATMs allows fee-free deposits and supports various banks, including Japan Post Bank, Mizuho, Mitsubishi UFJ, Mitsui Sumitomo, Resona, Saitama Resona, Aomori, Shonai, Gunma, Chiba, Yokohama, Kansai Mirai, Nanto, Hyakujushi, Fukuoka, Juhachi Shinwa, Towa, Keiyo, and Kumamoto. Some agricultural cooperatives and Shinren also support this option. There is also a general transfer deposit available for users.

deposit-withdrawal

Hirose-fx offers two types of withdrawals: real-time withdrawals and regular withdrawals. Real-time withdrawals allow for immediate reflection of funds and can be requested within specific timeframes. There are no commissions for real-time withdrawals, except for overseas remittances. Normal withdrawals have specific request and reflection times and are also commission-free, excluding overseas remittances. Withdrawals can be requested once a day, either for real-time withdrawals or regular withdrawals. However, on Saturdays, Sundays, and Mondays, withdrawals can only be made once every three days. It's important to note that real-time withdrawals cannot be canceled once the procedure is completed. Withdrawal requests require authentication with a PIN code set by the customer in advance.

deposit-withdrawal

Trading Tools

Hirose-fx offers several trading tools to assist users in their investment activities. These tools include:

1. Economic News: The platform provides real-time updates on economic bulletins. Users can stay informed about the latest economic developments that may impact their trading decisions.

trading-tools

2. FX Wave: This feature delivers 24-hour real-time investment information focused on foreign exchange. Users can access over 150 articles per day, providing insights and analysis to help them make informed trading choices.

3. Klug NEWS: Klug NEWS offers a continuous feed of Forex news, available 24 hours a day. Users can access more than 180 news deliveries daily, ensuring they stay updated on the latest developments in the Forex market.

trading-tools

4. Dow Jones: Hirose-fx translates and delivers news on various asset classes, providing users with information necessary for making investment decisions. Users can expect around 150 news articles per day, covering a range of relevant topics.

trading-tools

These trading tools aim to keep users informed about market trends, economic news, and relevant investment information, enabling them to make well-informed trading decisions.

Pros Cons
Real-time updates on economic bulletins Some tools may require additional fees or subscriptions
Access to over 150 articles per day for foreign exchange insights Language translation may not be perfect for all news sources
Continuous feed of Forex news available 24/7 Information overload may be overwhelming for some users
Delivery of news on various asset classes for comprehensive investment information Limited customization options for news delivery
Helps users stay informed about market trends and economic news Dependency on external news sources for analysis and decision-making
Provides insights and analysis to support informed trading choices Potential delays or lag in news delivery

Educational Resources

Hirose-fx offers a variety of educational resources to assist users in improving their trading knowledge and skills. One of their resources is the LION FX easy operation video seminar, which provides step-by-step guidance on using their trading platform. The seminar covers topics such as installing the app, navigating the transaction screen, understanding different order types, making payments, and managing orders.

Additionally, they offer the FX MARKET INFORMATION SEMINAR, which provides valuable insights into the market and strategies to enhance trading performance. The seminar includes various equations and formulas aimed at helping traders achieve success in their trades. They also offer a special equation designed specifically for winning trades.

Moreover, Hirose-fx provides resources on topics like quick deposit methods, changing currency pairs and order display, order preferences setup, chart analysis techniques, saving chart settings, using technical indicators and trend lines, and accessing execution history. They also cover features such as signal functions, measurement tools, and customizing the transaction screen.

Furthermore, Hirose-fx offers seminars on campaign product cooking, which may provide additional information or strategies related to specific trading promotions or offerings.

educational-resources
Pros Cons
Provides step-by-step guidance on using the trading platform Limited variety of educational resources
Offers insights into the market and strategies to enhance trading performance Limited coverage of advanced trading topics
Includes equations and formulas for successful trades May not cater to all trading styles or preferences
Covers a wide range of topics, including deposit methods, chart analysis, and execution history Availability of seminars may vary
Offers information on campaign product offerings Limited interactivity or hands-on learning opportunities

Trading Hours

- When US standard time applies, Hirose-fx operates from Monday 7:00 am to Saturday 6:30 am Japan time.

- When daylight saving time applies in Japan, the trading hours shift to Monday 6:30 am to Saturday 5:30 am Japan time.

During Rollover time, which is at 6:59 am Japan time (or 5:59 am when US daylight saving time is applied), certain activities occur. Communication will be temporarily cut off, and date closing work as well as maintenance will be performed. This process usually takes around 15 minutes, but it could extend up to 30 minutes. Additionally, a maintenance pop-up may appear, potentially affecting the ability to trade during this period.

Customer Support

Hirose-fx provides various channels for customer support. You can reach their customer support team via telephone using the toll-free number 0120-63-0727 or the representative number 06-6534-0708. Additionally, you can contact them through fax using the toll-free number 0120-34-0709 or the number 06-6534-0709. Visiting their head office or branches is also an option.

They offer an inquiry form on their website where you can submit your opinions, questions, or requests directly. They also provide a FAQ section where you can find answers to frequently asked questions.

For specific information on deposits, withdrawals, and changing registration information, they provide detailed information on their website. They have a complaint consultation desk for addressing any complaints, and you can contact them for information about the final tax return.

There is an opinion box where you can share your feedback and impressions about their website, trading system, and various services. They offer an operation manual for LION FX, and you can access information to better understand Forex, including country information and technical analysis.

You can contact their customer support team via phone using the toll-free number 0120-63-0727 or the direct dial number 06-6534-0708. They also provide an email address, info@hirose-fx.co.jp, for inquiries if you are unable to use the inquiry form on their website.

customer-support

Conclusion

Hirose-FX is a forex trading platform that offers several advantages to traders. It provides a user-friendly interface with various tools and features to facilitate trading activities. Hirose-FX also offers a range of trading instruments, allowing users to diversify their portfolios. However, there are some disadvantages worth considering. The platform may lack in-depth educational resources and research materials, which could limit the learning opportunities for traders. Additionally, customer support may not always be readily available or responsive, potentially leading to delays in issue resolution. Traders should carefully assess these factors before deciding to engage with Hirose-FX.

FAQs

Q: Is Hirose-fx a regulated broker?

A: Yes, Hirose-fx is regulated by the Financial Services Agency (FSA) of Japan and holds a Retail Forex License.

Q: What is the address of Hirose-fx?

A: Hirose-fx is located at MG Building, 1-3-19 Shimmachi, Nishi-ku, Osaka, Japan.

Q: What trading instruments does Hirose-fx offer?

A: Hirose-fx offers 51 currency pairs for trading, including major currency pairs like AUD/USD, EUR/USD, GBP/JPY, and more.

Q: What types of accounts does Hirose-fx offer?

A: Hirose-fx offers two types of accounts: FX accounts and LION CFD accounts. Overseas customers can only open FX accounts.

Q: How can I open an account with Hirose-fx?

A: To open an account with Hirose-fx, you need to visit their website and follow the account opening process, which involves providing necessary information and submitting verification documents.

Q: What order types are available on Hirose-fx?

A: Hirose-fx offers various order types, including Market Order, Limit Order, Stop Order, OCO order, Trail Order, and more, to meet different trading needs.

Q: Does Hirose-fx charge commissions on trades?

A: No, Hirose-fx does not charge any commissions on trades.

Are the transaction costs and expenses of etoro, hirose-fx lower?

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To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

etoro is regulated by ASIC,CYSEC,FCA,FSC. hirose-fx is regulated by FSA.

Which broker between etoro, hirose-fx provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

etoro provides trading platform including -- and trading variety including --. hirose-fx provides trading platform including -- and trading variety including --.

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