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Based on my review of Nomura Asset Management, I have not found clear or specific disclosures regarding commission charges per lot for ECN or raw spread accounts. From my experience as a forex trader, transparency about fee structures is crucial for evaluating any broker. While Nomura Asset Management has strong regulatory credentials—being licensed in Japan under the FSA—and a long, reputable history, the absence of explicit information about commissions on their ECN or raw spread offerings is something I approach with caution. In the context of larger, established asset management firms like Nomura Asset Management, account types and associated fees can often differ from those typically found in pure forex brokers. Their primary business focus, from what I’ve seen, leans more towards investment trust and institutional asset management, rather than retail forex trading in the ECN format most traders are familiar with. Because of this, even though they hold a retail forex license, their fee schedules and structures might not be as straightforward as those of more specialized retail forex brokers. With any broker, I always recommend verifying fee details directly—ideally through official channels or thorough client agreements—before making funding decisions. For me, clarity on commissions and all potential costs is non-negotiable when choosing where to allocate my trading capital. Nomura Asset Management’s strong regulatory standing is a plus, but without explicit information on per-lot commissions for ECN or raw spread accounts, I would urge other traders to seek further clarification before proceeding.