Goldenvia Japan Co. fulfills the pledge of the "Japan's No.1 Narrowest Spread Challenge Plan"! The USD/JPY spread on MT4 is reduced in principle from 0.2 pips to 0.1 pips!!

Golden Way Japan Co. offered a 0.2 pip USD/JPY spread, which was industry-leading under the "Japan's No.1 Narrowest Spread Challenge Plan," but as of October 23, 2019, it has been further reduced, and is now offered at an amazing 0.1 pip.

This is a result in which the company splendidly met the pledge in its "Japan's No.1 Narrowest Spread Challenge Plan," which states: "If the FX industry spreads of other companies are verified to be at a low spread level according to our independently defined conditions and standards, the company will, in principle, promptly restore the narrowest or equivalent spread level by following the predetermined procedures to reduce the buy/sell spreads for the target currency pairs."

【Recap of Japan's No.1 Narrowest Spread Challenge Plan】

As explained in a previous article (Golden Way Japan's implementation of Japan's No.1 Narrowest Spread Challenge Plan! USD/JPY spread on MT4 to essentially 0.2 pip!), when spreads are wider than those of other companies, the plan aims to reduce the buy/sell spread of the target currency pairs to the narrowest or equivalent level (only if Golden Way Japan meets the conditions and standards it has set). The target currency pairs are five: USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY, and EUR/USD.

“Details of the Japan's No.1 Narrowest Spread Challenge Plan” → (https://www.fxtrade.co.jp/wp-content/uploads/2019/09/Spreadchallenge_v2.pdf）

Open an account with Golden Way Japanhere

【Flow to Provide USD/JPY Spread of 0.1 pip】

From October 15, as other industry players began lowering spreads, FX companies started offering USD/JPY spreads at 0.2 pip. Among these, Golden Way Japan initially was not at the industry’s narrowest level, but moved quickly to restore the narrowest or equivalent spread level. At 17:20 on October 16, the USD/JPY spread was changed to 0.1 pip, and as pledged, the industry’s narrowest level was recovered!

Press release on the change to 0.1 pip →https://www.fxtrade.co.jp/support/304464

【Real-time Spread Verification】

On Gogojungle's page that measures real-time spreads from various FX companies (https://www.gogojungle.co.jp/markets/spreads), let's actually check Golden Way Japan's spreads for each currency pair.

・October 16, 2019 16:30

▲ This is the USD/JPY spread graph as of 16:30 on October 16, 2019. At that time, Golden Way Japan's spread was still 0.2 pip.

・October 16, 2019 18:00

▲ This graph is as of 18:00 on the same day. The spread has changed to 0.1 pip.

・October 24, 2019

▲ As of 10:00 on October 24, 2019. Looking at Golden Way Japan, it continues to provide at 0.1 pip.

・October 24, 2019

▲ Even in real-time, the spread remains 0.1 pip.

If other industry spreads are verified to be lower than Golden Way Japan's, the plan to compare and reduce to the same level for the relevant currency pairs will be applied, achieving the industry's narrowest spread of 0.1 pip for USD/JPY. This again confirms Golden Way Japan's passion and commitment to this plan and its ability to deliver in practice. We can expect Golden Way Japan to continue realizing domestically narrow spreads!

【EA Demo Forward vs Golden Way Japan Real Forward Comparison Result】

・Pound-Dollar FXTF MT4

・Pound-Dollar Company A demo account

In terms of operation of the Pound-Dollar, we compared the profits when the EA was operated on a real account of FXTF MT4 and a demo account of Company A. When comparing the trades executed at 22:00 on October 22, the results show roughly a 2x difference. Simply, this demonstrates that narrower spreads favor EA operations. With Golden Way Japan offering industry-narrow spreads, EA operation is also effective. We will also examine USD/JPY in a future piece.

【Real Voices from Golden Way Japan Account holders】

We spoke with MK, a trader and EA developer who actually uses a Golden Way Japan account for automatic trading.

＜MK Profile＞

Profile URL→https://www.gogojungle.co.jp/users/164424

FX history of about 4 years. Started as a discretionary trader focusing on scalping, but since time to devote to trading became limited, began developing EAs. The prolific "Leverage Theory" series offered on Gogojungle is a favorite among many traders.

＜Interview contents＞

Editorial Team　First, please tell us how you started using Golden Way Japan's account.

MKIt was for EA validation with a domestic account. I had the image that domestic brokers with MT4 were OANDA.JAPAN and Golden Way Japan, so I opened an account.

Editorial TeamWhat are the benefits of using Golden Way Japan?

MKA domestic broker that can use MT4 and is highly reputable. FXTF MT4 includes its own indicators, making it convenient, and beginner-friendly. Recently, spreads for major currency pairs have narrowed, but for automated trading, a wide spread often affects long-term profitability, so tighter is better. The 0.1 pip USD/JPY spread with no commission is a major advantage.

Editorial TeamWould you like it to become even narrower in the future?

MKIdeally, 0 would be perfect (laughs).

Editorial TeamPlease share a message for people who want to use Golden Way Japan.

MKFor beginners, especially those starting with MT4, this is an excellent company. I also recommend its narrow spreads. The execution speed is not concerning, so for a domestic MT4 broker, if USD/JPY spread is 0.1 pip, this is likely the best company. The EA series I offer on Gogojungle, "Leverage Theory," is designed to be robust to spreads, but even then, narrower spreads improve profitability. I also offer another EA called "Koku" that tends to be profitable only with lower spreads; the recent substantial spread reduction makes it usable with Golden Way Japan as well. Please try trading with my EAs using Golden Way Japan.

【Important Notices】

・This plan may be changed, suspended, paused, or terminated without the consent of a third party due to external factors such as future economic or market conditions, and the financial and earnings environment of Golden Way Japan Co., Ltd., or other circumstances.

・The FX companies used for comparison are the over-the-counter foreign exchange margin traders (the counterparties to be compared).
※ These are over-the-counter FX companies registered as Type 1 Financial Instruments Business Operators; overseas operators and unregistered companies are excluded. Companies less than one year since service start are also excluded.

・Applied spreads are from Japan Standard Time 8:00 AM to the next day 5:00 AM. During the applicable hours, and in cases of low liquidity, economic indicator announcements, or other exceptional events, or due to natural disasters and other sudden events, spreads may widen and trades may not match the stated spreads.・Important notes: In foreign exchange margin trading, you trade amounts larger than your deposited margin using your deposited funds as collateral. Therefore, fluctuations in the foreign exchange market can magnify gains and losses in proportion to the leverage of the trade relative to the margin.

• Foreign exchange margin trading is high-risk, high-return and has no principal protection. In FX margin trading, losses may occur due to price fluctuations of the currencies, and the amount of losses may exceed the amount of margin deposited because the trade size can be larger than the deposited margin.

• Swap points may shift from receive to pay due to changes in the interest rates of the traded currencies.

• In rapidly changing market conditions, the bid-ask spread may widen or the intended trades may not be possible.

• If the trading system or communications lines between the financial product trader and the customer do not operate normally, orders may not be placed, executed, confirmed, or canceled.

• For corporate accounts, a deposit margin amount exceeding the currency pair’s risk exposure ratio calculated by the Financial Futures Association of Japan is required for the amount of orders. The currency risk exposure ratio is calculated using a quantitative model defined in the Cabinet Office Ordinance for Financial Instruments Business, etc. Article 117, Paragraph 27, Item 1.

Please fully understand the contents of the trading guide (pre-contract disclosure documents) and other materials before trading, and engage in trading at your own risk and judgment.

Golden Way Japan Co., Ltd.
Director of Kanto Finance Bureau (Finance) Registration No. 258 / Joining the Japan Securitization and Financial Futures Association / Joining the Japanese Investment Advisory Association