LeapRate has learned via filings made with UK regulatory authorities that Hirose Financial UK Ltd., the FCA regulated arm of Japanese retail forex brokerage group Hirose Tusyo Inc (TYO:7185), saw a doubling of its revenues in fiscal 2016.
For the year ended March 31, 2016, Revenues at Hirose UK came in at £928,000, up 126% from £411,000 in 2015. The company cut its net loss, £478,000 versus an £831,000 loss in 2015.
Most of the company’s growth came form promoting Hirose UK’s binary options trading product. In addition to FCA regulation, Hirose UK is licensed and regulated by the UK Gambling Commission. After its fiscal year end, in April 2016, Hirose UK rolled out new a binary options platform called LION Binary Pro.
The Hirose Group globally does about $200 billion in monthly trading volumes, making Hirose a mid-size Japanese broker.
Hirose UK’s 2015 income statement follows:
