HiroseUK Broker Review
HiroseUK is a FSA licensed broker based in London, UK - the company has developed its own trading platform for trading binary options. It is a special and unique trading instrument which you can’t find anywhere else. Hirose’s welcome bonus program is quite friendly offering you $10 free just for sign up.
Hirose’s binary options trading platform is called Lion. As you might expect from an established Forex broker, Lion is entirely focused on currency trading. It offers a selection of major currency pairs, with a simple high/low trading model.
Payouts are up to 90%, which is a high ratio for the type of options offered. The trading interface is clean, displaying a real-time graph of your selected instrument, along with an easy-to-understand trading panel.
You can speculate on four major currency pairs: EUR/USD, GBP/USD, USD/JPY and AUD/USD
Payouts are from 70% to 90%, but be careful if you are looking to profit on the highest payout as it comes with 1 pip spread.
It is extremely easy to calculate your profit return:
- 3 minutes expiry is paid 70% and Spread is 0
- 10 minutes expiry is paid 80% and Spread is 0
- 30 minutes expiry is paid 90% and Spread is 1
These are fixed payouts if you trade until expiry, but there is an option to close your position before expiry. Then the ratio will be variable.
The trading platform could be improved by making a few simple and easy changes. The site is not very responsive, so it doesn’t work as well on smaller screens. The design of the buttons and trading interface was clean but a little clumsy and off-putting. However, on a larger monitor, the platform loads up fine.
Trades are also executed very quickly since the platform features Straight Through Processing (STP).
If you like to trade on your mobile phone, Hirose does offer a Lion mobile trading app, which is available for Android. Once you log in, you will land on the page with all the rates for the major forex pairs. You are one click away from the charts where the High/Low buttons are integrated.
The menu is nicely organised with Trade History, Account Activity, Rate History, Deposits and Withdraws and Settings.
You can also open a practice trading account on Hirose’s Lion trading platform. Signing up is easy. Just enter your name and contact information, and your account is opened right away.
Hirose runs regular bonus campaigns. For example, one of their bonus offers is a 50% deposit bonus, which is awarded once you have traded the total value of your deposit and made five trades. This bonus is available for trading purposes only, and you can get up to a $500 bonus on your deposit.
As a new client, you can also get a $10 no deposit bonus. Just register a live account, and Hirose will credit you $10 real money.
The refer a friend bonus is $5.
Deposits and Withdrawals
Hirose offers a number of easy ways to fund your binary options account, including credit cards, debit cards, Skrill, Neteller and wire transfers. Credit cards and debit cards are processed instantly, and all other options are processed within one hour, except wire transfers.
All withdrawal requests are processed within 24 hours, and all the methods available for deposits are also available for withdrawals. Note that there are also additional processing delays once Hirose has process your withdrawal. These delays depend on your payment processor and have nothing to do with Hirose.
Customer service is able to answer all your questions regarding your binary account, deposits, bonuses, withdrawals, etc. You can reach them via phone support, live chat and email. They also offer a callback service, which is useful for traders outside of the UK.
You can also request screen sharing via Skype. This is the fastest way to get your desired settings on the trading platform.
The site provides useful educational material, which is divided into information for beginners and for advanced traders. This material includes trading strategies, such as the use of candlesticks and technical indicators to time market entry.