Hirose Deposit and Withdrawal Options

Axella Pips 07 Oct 2016 40 views

Deposits and withdrawals at broker Hirose are differentiated based on its 2 types of trading accounts. What payment methods does this broker offer, and what are the deposit and withdrawal conditions?

Deposits and withdrawals from forex accounts at Hirose are divided based on the trading account type; LION Trader, MetaTrader 4, and Binary Options. The payment method options for each of these accounts differ. Here is a brief explanation of deposits and withdrawals at Hirose UK:

 

LION Trader Account

This forex trading account relies on Hirose's in-house application, LION Trader, as the main trading platform. A unique aspect of deposits and withdrawals from this account is that traders can process transactions directly through the platform because deposit/withdrawal options are available within LION Trader.

 

Deposit Options for the LION Trader Account

  1. Local Bank (most widely used and popular)
    Deposits can be made through a local bank with a minimum deposit amount of around $10. No transaction fees are charged. Between 08:00 – 23:00 WIB, deposits will be credited to the trading account as quickly as 5 minutes.

  2. E-payment
    Hirose offers 3 e-payment options for depositing into the LION Trader account. With a processing time of around 15 minutes, traders can use Fasapay, Skrill, or Neteller to fund their accounts free of charge (no deposit fees). The minimum deposit amount using Fasapay is $10, Skrill $20, and Neteller $50.

 

Withdrawal Options for the LION Trader Account

Therefore, if a previous deposit was made using Skrill, the withdrawal should also be made using that e-payment method. The withdrawal process will take a maximum of 1 business day. Traders need to fill out a withdrawal form first to start the withdrawal process.

 

1. Local Bank

Minimum withdrawal amount $20. Transfer fees vary for each bank.

 

2. E-Payment

  • Fasapay
    • Fee: 0.5%
    • Minimum withdrawal: $20
  • Skrill (Moneybookers)/Neteller
    • Fee: free
    • Minimum withdrawal amount: 20 GBP/USD/EUR
    • Maximum withdrawal amount: For Skrill, there is no maximum withdrawal limit, but the terms may change depending on the circumstances.

 

MetaTrader 4 / Binary Options Account

Hirose offers these types of trading accounts to facilitate traders who want to use MetaTrader 4 (MT4). As the most widely used trading platform to date, many traders are also comfortable with trading operations on this platform. And what about the deposit and withdrawal terms for the Hirose MetaTrader 4 account? The requirements are not much different from the conditions in the previous accounts, but the process cannot be done directly from the trading platform; instead, you must first log in to the Hirose Personal Area (Customer Portal).

 

Deposit Methods for the MetaTrader 4 Account

  1. Manual Transfer (via Local Bank)
    Deposits can be made through a local bank with a minimum deposit amount of around $10. No transfer fees are charged. Between 08:00 – 23:00 WIB, deposits will be credited to the trading account as quickly as 5 minutes.

  2. Virtual Account (via Local Bank)
    No transfer fees are charged. The minimum deposit amount is around $10. Deposits will be credited to the trading account immediately/instantly. Simply fill in the amount of money on the deposit form, and a Virtual Account number will be sent. Use that number to transfer using internet banking/SMS banking/ATM. Very practical because you only need to enter the Virtual Account number and do not need to re-enter the destination account number and the amount of money to be transferred. Deposits can be made anytime, 24 hours a day, 365 days a year.

  3. Debit/Credit Card
    MT4 account holders can deposit with Visa credit/debit cards. An administration fee of 6%. Detailed information can be found on this page. The minimum deposit amount is in the range of $50.

  4. E-payment
    • Fasapay: The minimum deposit amount is around $10. Deposits will be credited to the trading account immediately/instantly, anytime, 24 hours a day.
    • Skrill and Neteller: Both depositing with Skrill and Neteller into the Hirose MetaTrader 4 account are processed within approximately 15 minutes. With a minimum deposit requirement of Skrill $20 and Neteller $50.

 

Withdrawal Methods for the MetaTrader 4 Account

Similar to the withdrawal terms for the LION Trader account, traders in the MetaTrader 4 account should also choose the same withdrawal method as the deposit method. To start the withdrawal process, you can start by opening the "Withdrawal" section on the Customer Portal on the Hirose website. The withdrawal process will take a maximum of 1 business day.

 

1. Local Bank

Minimum withdrawal amount approximately $10. Enter the destination bank account number for the withdrawal on the Customer Portal, then upload a photo of the bankbook for confirmation. After the initial upload, subsequent withdrawals can be processed to that account at any time. This information can be changed. You can change your bank account information at any time. Administrative fees vary depending on each bank.

 

E-payment

  • Fasapay
    • Fee: 0.5%
    • Minimum withdrawal: $20
  • Skrill (Moneybookers)/Neteller
    • Fee: free
    • Minimum withdrawal amount: 20 GBP/USD/EUR
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