Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

What is PBFX？

PBFX is a provider of online trading services focused on Forex currency pairs, stocks, commodities, oil & gas, and cryptocurrencies through MT4 platform. Pribizco currently registered with the New Zealand Financial Service Providers Register (FSPR) and the Australian Securities & Investment Commission (ASIC).

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

PBFX has several notable pros and cons. On the positive side, PBFX offers a wide range of market instruments and flexible leverage options up to 1:1000, providing traders with various trading opportunities. Additionally, they have multiple account types to suit different trading needs through the leading MT4 platform.

However, there are also some drawbacks. There is limited information on spreads and commissions, which may be a concern for some traders. Additionally, the customer service contact options are limited, and the educational resources and tools provided by PBFX are also limited.

Is PBFX Safe or Scam？

PBFX's registration with the New Zealand Financial Service Providers Register (FSPR, License N0. 551686) and the Australia Securities & Investment Commission (ASIC, License No. 269820) indicates that it holds licenses in those jurisdictions. However, it is important to note that these licenses are considered general registered licenses, which may have different regulatory requirements compared to full regulatory licenses.

While registration with these authorities demonstrates some level of compliance, it does not provide the same level of investor protection as full regulatory licenses. Traders should exercise caution and conduct further research to assess PBFX's reputation, track record, and the overall safety of their services before engaging with the platform.

Market Instruments

Pribizco offers investors a wide variety of financial trading assets, mainly Forex currency pairs, stocks, commodities, oil & gas, and cryptocurrencies. The Forex market offers traders the opportunity to participate in the global currency exchange market, allowing them to trade major, minor, and exotic currency pairs. With stocks, traders can access various company shares and participate in the equity markets. Commodities such as gold, silver, oil, and gas provide avenues for diversification and hedging strategies.

Additionally, PBFX enables traders to engage in the growing market of cryptocurrencies, which includes popular digital currencies like Bitcoin, Ethereum, and others. This diverse selection of market instruments gives traders the flexibility to explore various trading opportunities and diversify their investment portfolios.

Accounts

PBFX offers traders a choice of three live account types: Cent, Standard, and ECN. The Cent account requires a minimum deposit of $10, making it accessible to traders with smaller capital. The Standard account also has a minimum deposit of $10 and caters to the needs of traders who prefer traditional trading conditions.

On the other hand, the ECN account requires a higher minimum deposit of $1,000 and provides traders with direct access to the market through Electronic Communication Network (ECN) technology, offering enhanced liquidity and potentially lower spreads.

Additionally, PBFX provides free demo accounts with $10,000 in virtual funds, allowing traders to practice their strategies and familiarize themselves with the platform before trading with real money.

Furthermore, PBFX offers swap-free accounts for traders who adhere to Islamic principles. These account options provide flexibility and cater to the diverse needs and preferences of traders.

Leverage

PBFX offers flexible leverage of up to 1:1000 to its traders. This high leverage option allows traders to potentially amplify their trading positions and potential profits. However, it's important to note that trading with high leverage also carries increased risk, as it can amplify potential losses. Traders should exercise caution and carefully manage their risk when utilizing high leverage ratios. PBFX's flexible leverage option provides traders with the ability to choose a leverage level that aligns with their trading strategy and risk tolerance, allowing them to optimize their trading approach.

Spreads & Commissions

PBFX offers competitive spreads on its different account types. For Cent and Standard accounts, the spread is fixed at 1.7 pips, providing traders with a transparent and consistent cost for executing trades. On the other hand, ,ECN accounts have a spread of 0 pips which means traders can access raw interbank spreads and potentially benefit from tighter pricing.

However, PBFX does not provide specific information regarding commissions. Traders are advised to review the broker's terms and conditions or contact customer support to obtain more detailed information about commissions and any additional costs associated with trading on the platform.

Below is a comparison table about spreads and commissions charged by different brokers:

Please note that the information provided is based on general data and may vary depending on the specific account type and trading conditions offered by each broker. It's always recommended to refer to the official website or contact the broker directly for the most up-to-date and accurate information.

Trading Platforms

PBFX provides a range of trading platforms, primarily focusing on the popular MetaTrader4 (MT4) platform. MT4 is known for its user-friendly interface, advanced charting capabilities, and extensive range of technical indicators and analysis tools. Traders can access the MT4 platform on various devices, including Windows and Mac computers, as well as mobile devices running on iOS and Android operating systems. This allows for seamless trading and monitoring of positions on-the-go.

The availability of MT4 across multiple platforms ensures that traders have flexibility and convenience in executing their trades. With its robust features and widespread usage in the industry, MT4 offered by PBFX enables traders to make informed trading decisions and execute their strategies effectively.

See the trading platform comparison table below:

Deposits & Withdrawals

PBFX offers a variety of convenient and secure payment options for both deposits and withdrawals. Traders can fund their accounts using popular methods such as Tether, PayTrust, MTPAY, China UnionPay, and SWIFT. The broker has a low minimum deposit requirement of only $10, making it accessible for traders of different budgets.

PBFX minimum deposit vs other brokers

Moreover, PBFX does not impose any limitations on withdrawal amounts, allowing clients to withdraw their funds as needed. Both deposits and withdrawals are free of charge, eliminating any additional costs for traders.

PBFX also provides a benefit to its clients by offering 3 times free deposit and withdrawal per month, providing flexibility and cost savings. The processing time for deposits and withdrawals is relatively fast, typically taking 1-5 working days, ensuring timely access to funds for traders.

Bonuses

PBFX provides a bonus program that rewards clients based on their initial deposit amounts. Traders can receive bonus amounts depending on the deposited funds, offering an opportunity to enhance their trading capital. For example, depositing $10 will grant a $10 bonus, while depositing $20 will result in a $20 bonus. The bonus amounts increase with larger deposits, with $30 bonus for $30 deposit, $60 bonus for $50 deposit, and $90 bonus for $200 deposit.

It's important to note that the maximum deposit amount eligible for a bonus is $500, and the maximum bonus amount that can be received is $150. This bonus program allows traders to potentially boost their trading funds and take advantage of additional opportunities in the market.

Customer Service

PBFX offers a range of customer support options to assist traders in their journey. Clients can reach out to the broker through 24/5 live chat, phone, and email channels, ensuring prompt and efficient communication. The availability of multiple contact methods allows traders to choose the most convenient option for their needs.

Additionally, PBFX maintains an active presence on popular social networks like Facebook, Instagram, and YouTube, where traders can follow their updates and engage with the broker's community.

The combination of various customer support channels and social media presence demonstrates PBFX's commitment to providing reliable and accessible support to its clients, enhancing the overall trading experience.

Note: These pros and cons are subjective and may vary depending on the individual's experience with PBFX's customer service.

Conclusion

In conclusion, PBFX is a forex broker registered with the New Zealand Financial Service Providers Register (FSPR) and the Australian Securities & Investment Commission (ASIC). They offer a range of market instruments and flexible leverage options, providing trading opportunities for different types of traders.

However, the limited information available on their website, especially regarding spreads and commissions, raises some concerns. The customer service options are also limited, and the educational resources and tools provided by PBFX are not extensive. It is recommended to conduct further research and consider your specific trading needs before choosing PBFX as your forex broker.

Frequently Asked Questions (FAQs)

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

What is Hirose Financial？

Hirose Financial UK is a FCA regulated Forex trading company offering multiple trading solutions to the FX community basing in the UK. It is founded in 2010, a subsidiary of Hirose Tusyo of Japan. The broker provides online trading services for the foreign exchange market, allowing clients to trade various currency pairs. They offer both major and minor currency pairs, as well as exotic currency pairs.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Hirose Financial Alternative Brokers

There are many alternative brokers to Hirose Financial depending on the specific needs and preferences of the trader. Some popular options include:

• IC Markets - A popular and reputable Forex and CFD broker with competitive pricing and advanced trading platforms.

• Pepperstone- An award-winning Forex and CFD broker with low fees, fast execution speeds, and multiple trading platforms.

• OANDA- A trusted global Forex and CFD broker with an easy-to-use trading platform, competitive pricing, and excellent customer service.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Hirose Financial Safe or Scam？

Based on the information available, Hirose Financial is authorized and regulated by the Financial Conduct Authority (FCA), which makes it appears to be a reliable and reputable online broker. But it is important to note that experience alone does not guarantee the legitimacy or security of a brokerage firm. Exposure of withdrawal and fraud issues are red flags that should not be ignored as well.

Anyway, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.

Market Instruments

Hirose Financial UK offers a large range of Forex instruments for traders, with a wide selection of over 46 currency pairs to trade.

Forex trading involves the buying and selling of different currencies in pairs, with the aim of profiting from the fluctuations in their exchange rates. Traders can engage in trading major currency pairs such as EUR/USD, GBP/USD, USD/JPY, as well as minor and exotic currency pairs through Hirose Financial.

Accounts

Demo Account: Hirose Financial provides a free demo account that allows you to try out the financial markets without the risk of losing money.

Live Account: Hirose Financial offers the advantage of no minimum deposit requirement to open a live account, allowing traders to start trading without any specific financial commitment while deposit requirements vary depending on the chosen deposit method.

Leverage

When it comes to leverage, Hirose Financial enables its clients to use the maximum trading leverage up to 1:30. Leverage is a mechanism that allows traders to control larger positions in the market with a smaller amount of capital. With a leverage ratio of 1:30, traders can potentially amplify their trading positions by up to 30 times their invested capital. This means that for every $1 of capital, traders can have exposure to $30 worth of assets in the market.

While leverage can magnify potential profits, it's important to note that it also increases the risk of losses. Higher leverage ratios come with increased market exposure and the possibility of larger losses if the trades move against the trader's expectations. Therefore, it's crucial for traders to use leverage judiciously and implement appropriate risk management strategies to protect their capital.

Hirose Financial's provision of leverage up to 1:30 may be suitable for traders who are comfortable with a certain level of risk and have a thorough understanding of the potential implications of trading with leverage. It's important for traders, especially beginners, to educate themselves about leverage, its risks, and how to use it responsibly before engaging in leveraged trading.

Spreads & Commissions

Hirose Financial offers competitive spreads on its trading platforms. For the LION Trader (ActTrader) platform, traders can benefit from spreads starting from as low as 0.7 pips. This means that the difference between the buying and selling prices of currency pairs or other instruments can be as minimal as 0.7 pips, offering potentially tighter pricing for traders.

On the MetaTrader 4 (MT4) platform, Hirose Financial provides spreads starting from 1.9 pips. While slightly higher than the LION Trader platform, it still offers competitive pricing for traders using MT4. Both platforms aim to offer traders access to tight spreads, allowing for more cost-effective trading.

It's worth noting that Hirose Financial does not charge commissions on trades. This indicate that traders can execute their trades without incurring additional fees beyond the spread. This fee structure can be beneficial for traders, as it allows for more transparent and predictable transaction costs.

Below is a comparison table about spreads and commissions charged by different brokers:

Please keep in mind that spread values can vary depending on market conditions, account type, and other factors. Commission structures may also differ based on the broker's pricing model and the type of account being used. It's important to review the official websites or contact the brokers directly for the most accurate and up-to-date information on spreads and commissions.

Trading Platforms

Hirose Financial UK offers its clients the flexibility to trade on multiple devices through their supported platforms. Traders can access the popular MetaTrader 4 (MT4) platform on various devices, including PC, iPad, iPhone, and Android devices. This allows for seamless trading experiences across different operating systems and devices, catering to the diverse needs of traders.

Additionally, Hirose Financial provides the Lion Trader platform, which is available on PC, iPhone, iPad and Android devices. The Lion Trader platform offers a user-friendly interface and features specifically designed to enhance the trading experience. Traders can conveniently access their trading accounts, monitor market movements, execute trades, and manage their positions from their preferred devices.

Overall, Hirose Financial's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Deposits & Withdrawals

Hirose Financial offers convenient options for depositing and withdrawing funds.

Deposits: Traders can make deposits using Neteller, a popular electronic payment method, or through wire transfers. Additionally, Hirose Financial allows for account balance transfers between accounts without any extra fees.

Withdrawals: When it comes to withdrawals, traders have the choice of using Neteller, local wire transfer, or international wire transfer. Neteller offers a seamless and quick withdrawal process. Local wire transfers are available for withdrawals in GBP, EUR, and USD, with specific handling fees applicable. For international wire transfers, fees vary based on the currency, and additional fees may apply when funds are returned to the beneficiary bank.

Fees

There are no extra fees when making deposit within Hirose Financial, while for withdrawals, theres different thresholds and handling fees:

Neteller: with Neteller withdrawals, there are no fees involved, and the minimum withdrawal amount is 20 GBP, 20 USD, or 20 EUR, maximum withdrawal limit is 5,000 USD per transaction.

Local wire transfers: Clients can expect a fee of £6.00 for GBP, £8.50 for EUR, and £8.50 for USD, along with a minimum withdrawal amount of 20 GBP, 20 USD, or 20 EUR by this method.

International wire transfers: there will be £5.00 for EUR and £8.50 for USD and GBP via this method, with a minimum withdrawal amount of 50 GBP, 50 USD, or 50 EUR.

It's important to note that additional fees may apply for certain transactions, such as when returning international wire transfers to the beneficiary bank. Clients should consult their own banks for specific details regarding any additional fees.

User Exposure on WikiFX

On our website, you can see that a report of unable to withdraw. Traders are encouraged to carefully review the available information. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Customer Service

Hirose Financial provides multiple customer service options to assist its clients. Customers can reach out to Hirose Financial through various channels to address their queries and concerns as below:

Phone: +44 (0)20 3089 3880

Customer support email: info@hiroseuk.com.

Additionally, Hirose Financial offers a Contact Us form on their website. Customers can fill out this form with their queries, providing details about their specific needs or concerns.

Live chat support is also available for immediate assistance.

Additionally, Hirose Financial offers screen sharing functionality through Skype.

Besides of this, you can also get in touch with this broker on some social networks such as Twitter, Facebook and YouTube while their FAQ section is a valuable resource for finding quick answers to common queries as well.

Overall, Hirose Financial's customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Note: These pros and cons are subjective and may vary depending on the individual's experience with Hirose Financial's customer service.

Education

Hirose Financial offers a comprehensive educational package to support traders in their journey.

The educational resources include a forex guide, trading manual, and glossary, providing valuable insights and knowledge about the foreign exchange market. These resources aim to enhance traders' understanding of forex trading concepts, strategies, and terminology.

In addition to the foundational materials, Hirose Financial also offers educational resources on technical analysis and economic indicators. Technical analysis equips traders with tools and techniques to analyze price charts, identify trends, and make informed trading decisions. Economic indicators provide valuable information about the overall economic health which can impact currency markets. By understanding and interpreting these indicators, traders can better anticipate market movements and adjust their strategies accordingly.

Whether traders are beginners or experienced, these educational materials can serve as valuable references to improve their trading abilities and make more informed decisions in the forex market.

Conclusion

According to available information, Hirose Financial is a regulated UK-based brokerage firm. While the firm has significant experience in the industry and offers a professional Forex trading and receives a lot of good reviews from their clients, it is important to consider certain factors such as reports of unable to withdraw that may raise concerns. It is critical that potential clients exercise caution, conduct thorough research and seek up-to-date information directly from Hirose Financial before making any investment decisions.

Frequently Asked Questions (FAQs)