Hirose Tusyo Inc., known as Hirose – an FX and binary options broker from Japan, has informed about pending changes to the trading conditions for owners of corporate accounts for its LION FX platform. In February, Hirose has announced its plans to go public.
These changes, effective from April 11, 2016, will cut maximum leverage for such corporate accounts from 1:200 to 1:100. Such change of trading condition will affect existing, as well as new positions.
In this way, bringing a change in leverage results in a change in margin requirements too, the company is asking its clients to check the margin levels and to adjust the size of their positions if necessary.
Hirose informs its clients that the change comes, following company’s efforts to reduce risks on volatile markets during these times. You can see the official announcement of the company here.
Hirose is not the only one, who has undertaken such step. Forex.com Japan has announced a pending cut in maximum leverage on corporate accounts from 1:200 to 1:100 as well.
At the Tokyo Stock Exchange
During the previous month, the Japanese Forex and binary options broker has been approved for an initial listing of its shares on the Tokyo Stock Exchange JASDAQ (Standard).
The initial listing is scheduled for March 18, 2016, and the company will be listed under the ticker 7185.
This is another big step for the company, which is set to join a list of online brokers, already listed on TSE’s JASDAQ, such as GMO Click Holdings Inc and Invast Securities Co., Ltd.
Hirose has been active in Japan since 2004 and has registration with the Japanese Financial Services Agency (FSA) and the Financial Futures Association of Japan (FFAJ). The company also has a UK branch, authorized by the Financial Conduct Authority.
More about the new listing can be found here.
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