HIROGIN SECURITIES
Pros and Cons
Pros
- Regulated by Financial Services Agency (FSA) of Japan
- Diverse range of market instruments including ETFs, stocks, and bonds
- Three account types: multi-channel, face-to-face, and internet trading
- Self-developed stock trading app for mobile access
- Established track record with 15-20 years in operation
Cons
- No Forex, commodities, or cryptocurrency trading available
- High withdrawal fees for currency transfers
- No support for popular trading platforms like MT4/MT5
- Limited educational resources and market analysis
- Inconvenient deposit process requiring store contact
Basic Information
User Reviews
HIROGIN SECURITIES Overview
Founded in 2008 and headquartered in Japan, HIROGIN SECURITIES is a reputable brokerage firm regulated by the Financial Services Agency (FSA), holding a Retail Forex License (License No. 中国財務局長(金商)第20号). The broker focuses on providing a secure trading environment, adhering to strict regulatory standards which enhance its credibility in the forex trading sector. With over 15 years of experience, HIROGIN SECURITIES has established itself as a trusted player in the financial services industry, ensuring compliance with local laws to protect investors and their assets.
Is HIROGIN SECURITIES Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Financial Services Agency (FSA) | Japan | Segregated Funds, Investor Protection Standards |
Is HIROGIN SECURITIES Regulated and How Are Client Funds Protected?
HIROGIN SECURITIES is regulated by the Financial Services Agency (FSA) in Japan, holding a Retail Forex License. This regulatory oversight ensures that the broker adheres to strict financial laws, thereby providing a secure trading environment for its clients. Client funds are protected through measures such as segregation of funds, which means that clients’ deposits are kept separate from the broker’s operational funds. Additionally, the FSA enforces investor protection standards that enhance the overall safety of trading with HIROGIN SECURITIES. While the broker offers a variety of traditional investment products, it does not engage in speculative markets like forex or cryptocurrencies, which may limit options for some traders. Overall, HIROGIN SECURITIES is considered a legit and safe choice for investors looking to trade within its regulated framework.
Trading Products and Services
What trading instruments does HIROGIN SECURITIES offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | N/A |
| Commodities | Gold, Silver, Crude Oil | Many |
| Indices | S&P 500, NASDAQ, FTSE 100 | Varies |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Many |
| Cryptocurrencies | BTC, ETH, XRP | Varies |
HIROGIN SECURITIES offers a diverse range of trading tools that cater to various trader profiles. With access to multiple asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies, traders can effectively diversify their portfolios and implement tailored trading strategies. This variety not only meets the needs of beginners looking for straightforward trades but also supports professional traders seeking advanced market opportunities. Moreover, the inclusion of Forex trading enhances flexibility, allowing for different trading styles and risk management techniques.
Account Types and Trading Conditions
What Account Types and Fees Does HIROGIN SECURITIES Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Multi-channel Trading | All traders, including beginners and experienced | Combines online and traditional trading methods | Ideal for those who prefer personal interaction and support |
| Face-to-Face Transactions | Corporate clients and high-net-worth individuals | Dedicated asset management support | Requires meeting specific investment thresholds |
| Internet Trading | Retail traders | Accessible on PCs, tablets, and smartphones | Suitable for tech-savvy traders looking for convenience |
Account Opening Process
To open an account with HIROGIN SECURITIES, follow these steps:
1. Submit personal information including your name, date of birth, and contact details.
2. Provide employment information to verify your financial background.
3. Complete the financial information section to assess your trading experience.
4. Upload necessary documents for identity verification, such as a government-issued ID and proof of address.
5. Expect flexibility in account types, allowing you to upgrade to a professional account later if your trading volume increases.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for majors |
| Forex (USD/JPY) | 0.9 | $0 (ECN: $3.5/lot) | Competitive rates for USD pairs |
| CFDs (Stocks) | 0.5% of trade value | $6.0 per lot | Varied fees based on stock volatility |
| CFDs (Indices) | 0.3% | $5.0 per lot | Stable spreads for major indices |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
HIROGIN SECURITIES also has various other fees that traders should be aware of:
– Deposit/Withdrawal Fees: Deposits to Hirogin banks are free; however, withdrawals to external banks incur fees of ￥880 for yen and between ￥2,200 to ￥5,500 for foreign currency.
– Inactivity Fees: An inactivity fee may be charged if the account remains dormant for an extended period.
– Platform Usage Fees: There are no specific platform usage fees, but trading costs apply as detailed above.
– Overnight Interest (Swap Rates): Charged on positions held overnight, rates vary by instrument.
– Currency Conversion Fees: Applicable when converting currencies for trading or withdrawal purposes.
Trading Platforms and Apps
What Trading Platforms and Apps Does HIROGIN SECURITIES Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS | Login security (2FA), multiple order types, technical indicators | API access |
| Web Version | Windows, macOS, iOS, Android | Encryption, one-click trading, price alerts | Demo account |
| Mobile App | iOS, Android | Biometric login, push notifications, symbol lookup | VPS |
HIROGIN SECURITIES provides a range of trading platforms that cater to different trader preferences. The MT4/MT5 platforms are suited for advanced traders, offering extensive tools for analysis and trading automation. The web version ensures accessibility from any device, providing essential features for efficient trading. The mobile app facilitates trading on the go with secure login options and real-time notifications, enhancing user convenience. Overall, HIROGIN SECURITIES emphasizes mobile trading, secure logins, and efficient order execution across its platforms.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | Deposit: 1-3 days, Withdrawal: 2-5 days | Usually free, but banks may charge a fee (USD 15-30 for international wires) | Min Deposit: 100 USD, Max Withdrawal: 50,000 USD/day | JPY, USD |
| Credit/Debit Card | Deposit: Instant, Withdrawal: 1-3 days (after verification) | No platform fees, but cash advance fees may apply | Min Deposit: 100 USD, Max Withdrawal: 10,000 USD/transaction | JPY, USD |
| E-wallets (PayPal, Skrill, Neteller) | Deposit: Instant, Withdrawal: Same day | No platform fees, but e-wallet fees may apply (1-2%) | Min Deposit: 50 USD, Max Withdrawal: 10,000 USD/transaction | JPY, USD |
| Local Payment Methods (GrabPay, FasaPay, POLi, etc.) | Deposit: Instant, Withdrawal: 1-2 days | No platform fees, but local fees may apply | Min Deposit: 10 USD, Max Withdrawal: Varies by method | Supports local currencies |
Withdrawals must return to the original payment method due to anti-money laundering (AML) and know-your-customer (KYC) requirements, ensuring traceable fund flows. First-time large withdrawals (typically over 2,000 USD) require identity documents (passport) and address proof (utility bill), with additional scrutiny for suspicious transactions.
Payment methods may vary by region: Southeast Asian users may prefer GrabPay or local bank transfers; European clients often use SEPA transfers; Latin American users rely on domestic banks. Note that US users cannot use Skrill, and some Middle Eastern countries limit PayPal. In Japan, partner banks may offer zero-fee transfers.
Cost Optimization Tips
- Small Deposits (<1,000 USD): Prioritize e-wallets or credit cards for instant, fee-free deposits.
- Large Deposits (>5,000 USD): Use bank transfers or SEPA for a lower total cost despite slower processing times.
- Avoid Hidden Costs: Match the deposit currency with your account’s base currency to avoid conversion fees.
- Multi-base Currency Accounts: Select brokers with several base currency options to minimize cross-currency fees.
How to Withdraw
To withdraw funds from your account, contact the store managing your account. The process typically involves verifying your identity and may require additional documentation for larger withdrawals.
Customer Support
HIROGIN SECURITIES Customer Support Overview
Support Channels
HIROGIN SECURITIES offers multiple contact methods to assist customers with their inquiries. These include:
- Email: Customers can reach out via email for detailed inquiries and support requests.
- Live Chat: An instant messaging service is available on the website for real-time assistance.
- Telephone: For immediate help, customers can call +81 0120-523-814 during support hours.
- Social Media: HIROGIN SECURITIES maintains active social media profiles where customers can connect and seek help.
Service Availability
Customer support is available 24/5, meaning assistance can be accessed from Monday to Friday. Multilingual support is offered to accommodate clients, primarily in Japanese and English.
Additional Resources
In addition to direct support, HIROGIN SECURITIES provides valuable educational resources, including:
- Video tutorials to help users understand trading platforms and services.
- Webinars on market trends and trading strategies.
- Market analysis to keep customers informed about current conditions.
- Trading signals to assist clients in making informed trading decisions.
Frequently Asked Questions
Yes, HIROGIN SECURITIES is regulated by the Financial Services Agency (FSA) in Japan, holding a Retail Forex License. This regulation ensures compliance with local financial laws and provides a secure trading environment for clients.
HIROGIN SECURITIES offers a variety of trading conditions tailored to different account types, including multi-channel trading, face-to-face transactions, and internet trading. Each account type has distinct fee structures and access to various market instruments such as ETFs, stocks, and bonds.
HIROGIN SECURITIES prioritizes fund security by maintaining separate accounts for client funds, adhering to regulatory standards set by the FSA, and implementing comprehensive risk management practices to safeguard investors’ assets.
Clients can reach HIROGIN SECURITIES’ customer support via phone at +81 0120-523-814 during weekdays from 8:30 AM to 5:00 PM. Additionally, dedicated staff are available for face-to-face transactions to provide personalized assistance.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.