General Information & Regulation

Spread Co Limited is a limited liability company registered in England and Wales with its registered office at 22 Bruton Street, London W1J 6QE. Company No. 05614477. Spread Co is an online spread betting and CFD broker specialising in forex, commodities, equities and indices. Spread Co Limited is authorised and regulated by the Financial Conduct Authority with regulatory license no. 446677.

Market Instruments

With a Spread Co account, investors can trade on a wide range of global markets, from major indices and global equities to foreign exchange currency pairs, commodities, crude oil, precious metals, and bitcoin, to meet a wide range of investment needs.

Account Types

Spread Co has two different types of accounts, the spread trading account and the CFD account. Minimum deposits depend on account types. To open a spread trading account, traders are required a minimum initial deposit of £200 and £250 for a CFD account.

Demo Account

Spread Co does offer a demo trading account for beginners to practice forex trading in a 100% risk-free environment. The Spread Co demo account does not have a specific expiry date. Some features of the Spread Co demo accounts include the following:

• Practice trading with £25,000 virtual funds

• Develope you strategies with no risk

• Learn how risk management tools work

Leverage

Leverage level offered by Spread Co do depends on the regulatory requirement you trading with and the brokerage operates. This applies due to various safety measures applied to eliminate the risks involved while trading, specially for retail traders.

With Spread Co, LverageTrading leverage vary by different instruments:

• 1:30 for Forex currency pairs,

• 1:10 for commodities

• 1:20 for indices

• 1:5 for enquities

Spreads & Commissions

Spread Co offers commission-free trading, and the broker only takes its cut from the spread. EURUSD spreads start from 0.8 pips, 4 pips for US Crude Oil, 4 pips for Gold, and 40 pips for Bitcoin/USD.

There are no other fee indicated for Spread Co, but traders are advised to verified fees pertainning to the following：

• Account maintenance and management

• Inactivity fees and Conversion fees

Trading Platforms

What Spread Co offers traders is not the MT4 trading platform, which is currently the most popular one, but its in-house developed online trading platform. This online trading platform requires no download and allows traders to customize their trading experience for experienced traders and novice traders. Anyway, lack of widely used MT4 & MT5 trading platforms really a drawback for such a big broker.

Deposit and Withdrawal of Spread Co

Spread Co allows traders to deposit and withdraw funds from their investment accounts via the following methods:

• Credit Card;

• UK Credit Card;

• Bank Transfer;

• Skrill

Spread Co does not charge traders any fees for withdrawals or deposits . Spread Co has no limit to how much you can fund via the platform, but the maximum amount which it can accept for your first payment is GBP500 via the phone. Successfully authorized payments will be available immediately.

Spread Co suppports the following deposit currencies when deposits and withdrawals are made to end from the trading account: GBP, USD, EUR.

Customer Support

Customer services are available in several options: email, whatapp, Live chat, and telephone.

Here are some contact details:

Telephone: 0800 078 9398

Email: info@spreadco.com

Or you can also follow this broker on some social media platforms, such as Facebook, Twitter, and Youtube.

Educational Resources

Spread Co provides clients support through relationship managers that provide assistance as well as providing eucation. The broker provides educational library with multiple guides and video updates along with the market overview, platform, news and economic calendars.

Pros & Cons

Frequently Asked Questions

Is Spread Co legal ？

Yes, Spread Co is a legal broker that adheres to rules and regulations stipulated by the FCA.

Does Spread Co offer a demo account？

Yes, Spread Co does offer a demo account that is valid for 2 weeks.

What is the maximum trading leverage offered by Spread Co？

The maximum trading leverage offered by Spread Co is up to 1:30.

What are the deposit and withdrawal methods supported by Spread Co ？

Payment methods supported by Spread Co include Bank Wire Transfer, Credit/Debit Cards, Skrill.

What is the overall rating for Spread Co ？

The overall rating for Spread Co is 7.06/10 based on its License Index, Business Index, Risk Management Index, Software Index and Regulatory Index.

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)