Hirose Trading Account Types
Reading Hirose’s account options is straightforward, as the types are mapped based on the LION Trader and MetaTrader 4 platforms. Here are the trading specifications and tips for choosing a Hirose UK account.
Hirose still maintains simplicity and ease in terms of trading account options. This broker only provides 2 types of accounts based on platform usage. Trading specifications for each account are also optimized as much as possible to support trading convenience on both types of platforms.
Below are the 2 types of Hirose broker accounts and detailed trading specifications:
LION Trader Account
- Platform Type: LION Trader, available in downloadable application, webtrader, and mobile versions (supports iPhone, iPad, and Android)
- Risk Management Features: Stop, Limit, OCO, Trailing Stop
- Minimum Deposit: None
- Minimum Trading Size: 1 lot (calculated as 1 lot = 1000 units)
- Trading Instruments: 50 currency pairs
- Leverage: Up to 1:330 (determined by margin requirements)
- Margin:
- For accounts with a USD base currency: $5 per lot
- Accounts with a EUR base currency: €4 per lot
- Accounts with a GBP base currency: £3 per lot
- Margin Call (Stop Out): 100% of used margin
- Commission: None
- Spread: starting from 0.7 pip
- Price Quotation: 5 digits
- Base Currency: GBP, USD, EUR
- Execution: No Dealing Desk
- Minimum Order Distance: 3 pips
- Expert Advisors: Allowed, with Actfx language derived from Pascal
- Hedging: Yes, after submitting a request
- Scalping: Yes
- Custom indicator: Not possible
- Demo Account: available
MetaTrader 4 Account
- Platform Type: MetaTrader 4, available in downloadable application and mobile versions (supports iPhone, iPad, and Android)
- Risk Management Features: Stop, Limit, Pending, Trailing Stop
- Minimum Deposit: None
- Minimum Trading Size: 0.01 lot (calculated as 1 lot = 100,000 units)
- Trading Instruments: 46 currency pairs
- Leverage: Up to 1:300
- Margin: 0.33% for major and minor forex pairs, 4% for exotic pairs
- Margin Call (Stop Out): 100%
- Commission: None
- Spread: Starting from 1.9 pips
- Price Quotation: 5 digits
- Base Currency: GBP, USD, EUR
- Execution: No Dealing Desk
- Minimum Order Distance: 3 pips
- Expert Advisor: Yes, with MQL4 programming language.
- Hedging: Yes
- Scalping: Yes
- Custom indicator: Possible
- Demo account: Available
Choosing a Hirose Trading Account
From the specifications of both Hirose accounts above, it appears that the LION Trader account has the advantage of lower spreads, a more varied platform version, and a wider selection of trading instruments. In addition, there is also the OCO feature which is often highly needed by traders who like to modify pending orders. So, if you want to try a new platform, get lower trading spreads, or benefit from OCO facilities, this LION Trader account type could be the right choice.
Meanwhile, the MetaTrader 4 account is available for those of you who are already familiar with using the MT4 trading platform. In addition, this Hirose account is more supportive of using EAs and custom indicators, making it ideal for those of you who like to run automated trading.