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As a trader who takes brokerage selection seriously, I always look for clear, detailed information on key trading conditions like spreads. With Nobata, I’ve found this to be a challenge. Based on my research, Nobata primarily operates as a Japanese securities firm regulated by the FSA, with a business focus on stocks, ETFs, bonds, and derivatives. Crucially, forex trading—specifically major currency pairs like EUR/USD—does not appear to be offered as a standard product by Nobata at all. For me, the absence of forex instruments makes it impossible to determine a typical EUR/USD spread, since this pair is simply not listed among their available markets. From an experienced trader’s perspective, this is a critical limitation—especially if your primary interest lies in currency trading. Furthermore, Nobata does not provide a demo account or offer widely adopted trading platforms like MT4 or MT5, which further restricts transparency and hands-on evaluation. Given these points, I need to exercise considerable caution. Without access to forex pairs and transparent data on spreads, I cannot recommend Nobata to traders who prioritize EUR/USD or other forex instruments. If you are specifically looking for competitive forex conditions, I would suggest focusing on brokers with a proven track record in spot forex offering, comprehensive instrument listings, and transparent disclosure of trading costs.