Lion Binary Options Broker Review

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Trading Education, Free Demo Account!
    Get Your Sing-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker. Only For Experienced Traders!

Broker Review: Lion Binary Options

Lion Binary Options offers their services as a binary options broker in the financial markets. This broker is operated under Hirose Financial MY Ltd., a multinational company that serves financial services across the world. With more than 200,000 global client accounts and around $200 billion transactions per month, they claim themselves as one of the most prominent brokers in the financial industry.

As for customer support, traders can get in touch with Lion Binary Options by completing their contact form at their live chat section or sending then emails at [email protected] Hirose Financial MY Ltd. is located at Level2, Lot 19, Lazenda Commercial Centre, Phase 3, 87007 F.T. Labuan, Malaysia. Besides Malaysia, their offices are also situated in UK, Japan, and Hong Kong.

Lion Binary Options Review

Hirose claims to implement Lion Binary Options with some of the latest transaction processing technology which allows them to transact thousands of trades simultaneously without re-quotes or any delays. They also claim that their clients can deploy any type of trading strategy they want, from scalping to long-term trading due to the underlying liquidity that Hirose Financial has access to in the background.

Lion Binary Options aims to assist their clients with maximum trading flexibility and friendly trading environments through their innovative financial services and expeditious customer support.

Let’s have an overview of their features and offers:

Trading Facilities

  • Minimum trade starts from $1 only
  • Trade from 30 seconds up to 60 minutes!
  • Maximum Payout 90%
  • One Click Order
  • Manual Close Position Feature
  • Technical Indicators & Trend Lines
  • No Fee or Commission
  • Withdrawable Deposit Bonus Available

Trading Platforms & Tools

Registered clients get full access to their web-based trading platform “Lion Binary Pro” that covers all sorts of currency pairs available around the Forex market. This platform provides built-in trading tools and user-friendly interface so that even a newbie trader can dare to win in the binary options market consistently.

They also offer free indicators to their clients. These Indicators are claimed to assist the traders in improving their trading performance by letting them explore a greater overview of the market trend. They also provide educational tools so that clients can get proper idea about how to predict High or Low correctly while trading at the market.

Free binary options indicators is a great way to increase your win rate, and many brokers are starting to offer this as you can see with HighLow, and RocketOption.

Bonus & Campaigns

Lion Binary Options offers straight 50% bonus on total amount deposited by the clients. This bonus is available for withdrawal after completing the required volume of trading. They also offer several tutorial materials to their clients to help them face the binary options challenges.

Payment Methods

They offer the following payment methods for deposit and withdrawal purposes:

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Trading Education, Free Demo Account!
    Get Your Sing-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker. Only For Experienced Traders!

  • VISA
  • MasterCard
  • Maestro
  • Neteller
  • UnionPay
  • Skrill Moneybookers
  • Fasapay
  • Bank Wire Transfer

This broker doesn’t charge any fee on deposit amounts.

Limitations

This broker is unable to accept applications for opening the live trading accounts from residents of the U.S., Japan, EU, and EEA countries.

License & Awards

Hirose Financial MY Ltd. is a company registered in Malaysia, company registration number LL11365. They are also authorized and regulated by the Labuan Financial Services Authority with the FSA registration number MB/15/0006.

In 2020, they won the Forex Magnates awards as the Best Affiliate Service provider in Tokyo Summit. They had also secured the 1st place in Oricon Japan Customer Satisfaction Ranking Award for three consecutive years (2020, 2020 & 2020).

Complaints & Claims

We’ve noted some serious complaints about Lion Binary Options from several blogs and review sites. Several individuals claim to run into withdrawal issues in trying to recover their deposited money or profits from their trading accounts of the broker. Furthermore, many of them had ended up losing their access to the personal accounts section of the broker after attempting several withdrawal requests. Some of the complaints have accused the broker’s customer service department of being silent over the withdrawal-related queries.

None of these complaints are verified, and there are very few of them so I am not overly concerned by this.

Conclusion

Based on our review, it is quite clear that Hirose Financial MY Ltd. has tried every possible way to establish Lion Binary Options as a top client friendly financial broker. However, they’ve failed to explain the reason for not accepting account opening applications from the citizens of UK, Japan, and EU countries. Besides, they are not regulated by trusted organizations like CySEC, FCA or CPA. Therefore, we cannot recommend them as a trusted binary options broker to the clients yet.

LION Binary Options

Broker Lion Binary Options
Website URL http://hiroseuk.com/lionbo/
Headquarters London
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
Option Types Currency
Overall Score 88/100

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.

Markets Coverage

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.

Trading Accounts

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!

Hirose

Hirose Financial UK is a binary and forex broker that offers margin trading through a bespoke online platform (utilising MetaTrader4), plus binary options trading via LION Trader. The firm offers an attractive proposition for anyone trading forex or binaries. Our review will detail the benefits but also the potential weaknesses. We explore fees, trading platforms, mobile apps, regulation, and more.

The forex brand is one of the world’s largest over the counter providers, boasting over 200,000 clients across the globe. This international success saw the opening of Hirose UK in 2020, and a number of other subsidiaries – but LION binary options are operated by Hirose Financial.

Hirose do not provide a dealing desk (NDD) or straight-through processing (STP). Instead, orders from traders are routed directly to liquidity providers, such as banks. The company are also not market markers.

The platforms us floating spreads. These vary based on the type of account used (Gold and VIP accounts see the smallest spreads). The EUR/USD pair can see spreads of 1.9 on the MetaTrader platform. This model also ensures trading is commission free.

Key Details

• Demo Account – Yes
• Signals – Yes
• Minimum Deposit – $20 (Some deposit methods will carry a higher minimum)
• Minimum Trade – $1
• Bonus details – Yes, offers vary by region and account type but include 50% deposit bonus
• Mobile apps – Yes. iOS, Android and Windows

Trading Platforms

There are two platforms offered, depending on the instrument used: LION Trader and the industry standard MetaTrader 4 system.

LION Trader

The LION trading platform has seen many developments and improvements, shaping the business. However, the system is based on the ‘Act Forex’ system, making trading available over numerous terminals.

User feedback is generally positive in terms of usability and execution speed. There are 50+ built-in custom technical indicators, and automated trading ‘bots’. Oracle Coherence is an in-memory data grid which the firms uses to improve trade execution performance.

The trading area is slick and straightforward, which makes it simple for beginners or novices to pick up. There are also a range of strategies provided by LION to give new traders a starting point. Trailing orders can also be opened and left to run when the platform is closed. Scalping or hedging strategies can be implemented in an uncomplicated way on the LION platform.

The trading area represents a solid choice for traders of all experience levels. Hirose deliver both a desktop version (via a download) and a web based version. The company suggest the desktop version delivers quicker execution, but the web trader performed well too.

Using LION

Hirose’s LION Trader delivers a familiar toolbar system. Those option facilitate market analysis and order placing. The High / Low buttons open or close trades as required. Any open positions are listed in the ‘open trades’ window. There is also a ‘Close’ button for early closure of any options – either locking in profit or cutting losses.

There are also Stop or limit entry order setup options. Likewise, trailing stops can be added to open positions. Using the Modify button opens options to alter the price. Hit Remove to cancel a current order. If you want to activate an alert, hit Price Alert. A confirmation pop-up will clarify any changes.

Lion also deliver a comprehensive platform education package that can be accessed anytime.

For forex traders, the MetaTrader4 platform offers experienced traders the choice of using advanced charting and technical analysis indicators. There is also the ability to back test a strategy or automate trading. As MetaTrader4 is a widely used platform, there is a great range of online resources to help traders get the most from the platform.

Using MetaTrader 4

The order window allows opening and closing of trades. Select the required asset, and the desired trade size and direction and the intuitive design will lead naturally to each step.

Alternatively, right click on any price action chart, click Trading and use the New Order button to run through the same steps.

The terminal window shows open trades. It also shows other account information such as balance and current profit and loss. Margin levels, stop losses and take profits levels can also be found in this section.

Mobile Apps

Mobile trading apps are available on iOS, android and Windows. They can be downloaded anytime, but you will need to have an open account with Hirose Financial (LION binary options) before you can login.

LION Trader App Features

The mobile app delivers customisable charts and total account management. Micro lots can be traded on the mobile platform and the mobile account syncs to any desktop of web based version in real time. The full list of assets and markets is available in the mobile version and customer support can also be contacted via the app.

MT4 App

The MetaTrader app does not require a login, but will need to be linked to a broker of some sort to actually place trades. It can be downloaded from the usual app stores.

The mobile version includes 30+ technical indicators, and customisable watch lists – to make staying up to date easier. Trade history is available, as are the latest price quotes. All the trading options are available via the mobile platform, including the ability to trade directly from a price chart. Trading volume – a key element of predicting price movement – is also available in the app.

The mobile charting is a clear strength. Each chart can be zoomed or scrolled or the date range amended etc. Likewise, multiple timeframes are available and can be switched easily (1,5,15,30 minute intervals, or 1 or 4 hours and of course daily).

Customer reviews can be viewed on the app stores, and are generally positive.

Trader Choice

LION Binary Options

The binaries offering at LION is limited to the traditional High/Low. Expiries are offered between 30 seconds (turbo) and 60 minutes. Payouts can reach 90% but will vary based on trading volume and the asset. Options can also be closed early if desired.

Forex pairs are the asset class with greatest coverage, with over 40 available. Trading hours will reflect the market of the asset being traded, or in the case of forex, one of the major markets (Sydney, New York, London etc) being open for trading.

Withdrawal & Deposit Options

LION Binary offer a number of deposit and withdrawal options, but there are differing minimum deposits with some methods:
Debit/credit cards (Visa, MasterCard, Maestro) and bank wire transfers both require a minimum of $50
Popular e-wallets like Skrill and Neteller are both options, with a minimum deposit of $20
UnionPay (minimum deposit 100 CNY)
Fasapay carries a minimum requirement of just $10

The customer support team can handle funding questions if any arise. As always, it is a good idea to meet identification requirements before requesting the first withdrawal. This avoids delays and disputes.

Education

The LIOn education area includes a number of general trading guides, as well as advice on strategy. Charting help guides are also supplied – these can be useful when trying to navigate the wealth of technical analysis indicators available. These resources are all provided free of charge. Bear in mind any broker is keen to have their clients trading, so beware of any advice that looks like it might lead to over-trading.

There are also a range of video tutorials which can be a good way to get used to the platform. One is included below.

Bonus / Promotions

Hirose Financial offer a number of bonus deals and promotions:

• $20 no-deposit bonus
• Welcome (deposit) bonus of up to $500
• $10 ‘refer a friend’ scheme

Bonus terms and conditions do change, and are also often region specific, so do check before sign up if the bonus is a key part of your reasoning to join Hirose.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Trading Education, Free Demo Account!
    Get Your Sing-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker. Only For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Guide For Beginners
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: