RECOMMENDED FOREX BROKERS
Do not invest more money than you can afford to lose.
On Tuesday, a day after the monthly report of the Financial Futures Association of Japan (FFAJ) was published, Japanese forex and binary options broker Hirose Tusyo Inc. (TYO:7185) registered an all-time high, it stocks price hitting JPY 1,157.00.
Actually, Hirose’s shares have been on the rise since the beginning of August. On July 29, the company’s stock traded for JPY 705.00 a piece at market close, and currently Hirose’s stock price amounts to JPY 1,053.00, which represent a significant increase by almost 50%.
Let’s compare the stock prices of largest forex brokers listed on the Tokyo Stock Exchange since the beginning of August:
|Change %||Market cap|
|Money Partners Group||490.00||491.00||0.2||16.54B|
In fact, after the FFAJ report was released on Monday, it affected positively the stock price performance of largest forex brokers listed on the Tokyo Stock Exchange. According to the report, the July over-the-counter (OTC) retail forex trading volume in Japan rose 5.83% from June, coming in at JPY 4,543,529. Furthermore, the number of total open positions at the end of July was increased by 193.6 billion yen from the previous month.
Earlier this month, GMO Click Securities and FX Prime, part of the Japanese GMO Click Holdings (TYO:7177), reported that their July trading volumes continued to rise from June, after a significant drop in May.
Meanwhile, according to Monex’s (TYO:8698) July preliminary results forex trades, its main metrics were on the decline once more, after the relatively strong performance in June.
Hirose listed on the Tokyo Stock Exchange on March 18 this year. Since then, the SMN team keeps track of its performance along with the other three Forex Brokers which became public this year: CMC Markets (LON:CMCX), X Trade Brokers Dom Maklerski SA (WSE:XTB), a.k.a. XTB, and BATS Global Markets (BATS:BATS). In the third post-IPO month Hirose turned out to be the worst performer among the other three FX brokers that floated in 2016, as its stock price fell by 23.5% compared to the one on which it closed.
Hirose Tusyo Inc (TYO:7185) is a Japanese forex and binary options broker, doing business as Hirose FX. The company was set up in 2004 in Osaka and nowadays it operates units also in Hong Kong and Malaysia, and also has a UK-regulated subsidiary, Hirose Financial UK.