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Based on my thorough review of Shin as a broker specializing in Japanese securities, there is a crucial limitation to consider: Shin does not provide an online trading platform, nor does it specifically profile itself as a forex broker in the traditional sense. Instead, Shin focuses on domestic stocks, bonds, and investment trusts, targeting novice Japanese investors, with regulatory oversight from the Japanese Financial Services Agency. In my experience, brokers that lack an online trading interface typically operate differently from global forex brokers, meaning they may not offer the standard fixed or variable spread pricing models associated with forex trading. Because Shin’s core offering centers on Japanese securities and not on currency pairs, detailed information regarding spread types—fixed or variable—is simply not available, nor is there any indication of how spreads might react during high-volatility events. This is a significant difference from most FX brokers, where spread behavior during major news releases can materially affect trading outcomes. For me, the absence of clarity on spreads and lack of online execution make it difficult to evaluate Shin’s transaction cost transparency or its responsiveness to market volatility. Given the market focus and operational setup, I would exercise caution and recommend that anyone needing typical forex trading features—including clear spread policies and online order execution—consider whether Shin's offering matches those expectations.