|Broker||Lion Binary Options|
|Support Types||Email, Telephone, Live Chat|
|Languages||English , Bahasa Indonesia , Chinese|
|Trading Platform||Lion Binary Options Platform|
|Minimum 1st Deposit||None|
|Minimum Account Size||None|
|Minimum Trade Amount||$5|
|Bonus||No deposit Free $10 Trading Credit|
|Regulation||UK’s Gaming Commission|
|Deposit Methods||VISA , MasterCard , Maestro , Neteller, UnionPay, Skrill Moneybookers, fasapay, Bank Wire Transfer|
|Trading Methods||Classic Binary Options, One Touch, 60 Second Options, Long Term Options, Pairs Options|
|Number of Assets||4 Currency Pairs|
Hirose Financial UK Ltd is the UK’s trading arm of the Japanese forex broker Hirose Tusyo Inc. Founded in 2004, the company specializes in providing spot forex trading services to retail investors. In a bid to capture a piece of the lucrative binary options market, Hirose Financial UK Ltd recently expanded their product offering to include binary options. Trading under the brand name of Lion Binary Options, the trading platform is regulated by the UK’s Gambling Commission under the reference number 35485 instead of under the Financial Conduct Authority (FCA). Currently, the trading hours are limited from 11.25pm (GMT) to 5.50pm (GMT) the next day. Nevertheless, the company do intend to extend their trading hours in the near foreseeable future. Check out the LION Binary Options site by clicking here.
Target Market & Customer Support
With regards to the target market, Hirose Financial UK Ltd makes no secret about the fact that the company present’s goal is just to attract some trading volume from its own forex customer base by enticing them with the relatively higher payouts of binary trading. This is probably one of the reasons why the current trading hours are rather limited. As for customer support, traders can get in touch with the support team through email, live chat or the telephone. For general enquires, customer support is available during normal office hours which is from 9:00 am to 6:00 pm (GMT) Monday to Friday.
Trading Platform & Features
The Lion Binary Options trading platform is a proprietary trading platform which bears no resemblance to any of the white label platforms used by most binary brokers. Nevertheless, the platform user interface is simple to understand and operate. Traders simply just need to decide the direction (High/Low) and amount that they want to invest. Once they have made up their mind, they just click on the “Purchase” button to execute the trade.
In terms of market coverage, Hirose UK still have a long way to go before they can compete with a dedicated binary broker. At present, traders can only trade currency pairs and this is also limited to just 4 major pairs namely, GBP/USD, AUD/USD, USD/JPY and EUR/USD. Apart from the limited number of underlying assets, traders are also limited to just trading High/Low options. Hopefully, Hirose UK will introduce more assets and asset classes for traders to choose from in the near future.
For new traders wanting to trade binaries with Hirose UK, they will need to open a MT4 USD account. For existing clients of Hirose UK, binary trading is not available for trading accounts which are denominated in EUR or GBP. So they will also need to apply for a MT4 USD account before they can start trading binaries.
Payouts & Bonuses
The return which traders can expect from Hirose UK is a maximum of 80%. As for bonuses, they are currently offering new traders $10 in trading credit when they open a live trading account. No deposit is necessary to claim the $10 trading credit.
In terms of product offering and services, Hirose UK will need to expand their range of assets and so does the types of trading contracts. So unless one is contented just with trading with one of the largest brokerage firm in the world, the company’s bet into binary trading still need a lot tweaking. Click here to visit the LION Binary Options website now!