Hirose UK Stops EEA Business Ahead of Brexit

​Hirose UK, a UK-based retail foreign exchange broker, has released a notice to its customers, stating that it has stopped accepting clients from the European Economic Area (EEA) as it prepares for Britain's exit from the European Union.

Hirose UK is a subsidiary of Japanese FX company Hirose Financial that provides online trading solution to forex traders. The broker has secured a Financial Conduct Authority (FCA) license with number 540244 and passports its licensing rights to offer services in the European Union.

However, the Brexit transition is dated to expire on December 31, 2020, and no positive news about a deal between the two parties is coming out. In order to comply with rules and regulations after Brexit, the broker has decided to shut its EEA business.

“Please kindly be informed that Hirose UK will no longer be able to accept clients from the EEA countries due to the BREXIT taking place on the 1st January 2021,” the brokerage stated. “We have already stopped accepting new applications from those countries.”

“If you are from an EEA country and have a trading account with us, your trading account will be closed. If you have a remaining balance in your trading account, please contact us at info@hiroseuk.com so we can arrange to return your funds back to you,” the announcement added.