WikiFX

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Speaking from my experience as a trader who prioritizes transparent fee structures, I examined Shikoku’s offering carefully before considering them for any serious trading. What stands out immediately for me is that Shikoku is regulated by Japan’s Financial Services Agency and has been operating for over a decade—attributes I regard as positive for credibility. However, based on available information, Shikoku does not appear to offer ECN or raw spread accounts in the conventional sense that many global forex traders look for. Instead, their fee structure is described with explicit brokerage commissions for stocks and bonds, and there’s no mention of typical forex commission-per-lot models. When it comes to forex trading in particular, I could not find any indication that Shikoku operates with the industry-standard ECN or raw spread accounts that charge a commission per lot traded. The systems in place seem oriented toward broader investment products, and their platform is a proprietary web trader, rather than the widely used MT4 or MT5. While this may be suitable for certain investors, for someone like me who is used to the granularity and transparency of commission-per-lot structures on ECN accounts, Shikoku’s fee policies are less clear and may not fit those preferences. Given these facts, I would advise any trader to approach their fee schedule with care, especially since detailed forex commission information is not readily disclosed. Personally, until I can confirm exact commission rates and structures that match the trading environment I’m comfortable with, I would remain cautious. Clarity and predictability in costs are vital for risk management; without that, I am hesitant to proceed with live trading.