Golden Way Japan Co., Ltd. continues to put into practice the vow of the "Japan No.1 Narrowest Spread Challenge Plan," and maintains the tightest spread level!!
Golden Way Japan Co., Ltd. provides five major currency pairs—USDJPY, EURJPY, GBPJPY, AUDJPY, EURUSD—with spreads at industry-low levels as part of the “Japan No.1 Narrowest Spread Challenge Plan” started on September 26, 2019. In particular, USDJPY began at 0.2 pips, and this movement prompted many in the industry to steer toward further tightening of USDJPY spreads. In the midst of spread-reduction competition in the FX industry, Golden Way Japan Co., Ltd. continues to strive to provide a better trading environment for customers, and on October 16, 2019, further reduced the USDJPY spread to an astonishing 0.1 pips.
The plan’s pledge, “If our company determines that the spreads of other FX companies are at a low level according to the conditions and criteria we have independently set and verified, we will promptly restore the narrowest or equivalent spread levels by following a pre-determined procedure and reducing the buy/sell spreads of the target currency pairs,” is highly evaluated as Golden Way Japan pursues account holders’ satisfaction without easing. Here, let us recheck the spreads of each company.
【FX Company USDJPY Spread List】
Note: Spreads are as of November 27, 2019. They may change due to campaigns, etc. Also, depending on the time and trading unit, spreads may widen or differ from the listed values. For details, please check each FX company’s homepage.
We have listed the spreads of major FX companies. Note that companies using a floating spread are not included.
Golden Way Japan Co., Ltd. is ahead with 0.1 pips. The same 0.1 pip offers are provided by Traders Securities’ “Minna no FX” and “ LIGHT FX,” but only for a limited period until November 29, 2019. SBIFX Trade offers spreads of 0.1 pips or less for up to 1,000 lots, but SBIFX Trade’s spreads are not included in the comparison since the verification criteria for Golden Way Japan’s “Japan No.1 Narrowest Spread Challenge Plan” states that the spread must be presented assuming trading 1 click with a minimum of 1,000,000 units, which SBIFX Trade’s spreads do not meet.
Looking at this list, many companies have lowered from the previous low of 0.3 pips to 0.2 pips, indicating intensified spread-reduction competition. Among them, only Golden Way Japan offers 0.1 pips, which underscores the seriousness and enthusiasm for the “Japan No.1 Narrowest Spread Challenge Plan.”
※As of November 27, 2019. Spreads may change due to campaigns, etc. Also, spreads may widen or differ from the listed values depending on time and trading unit. For details, please check each FX company’s homepage.
【What is the Japan No.1 Narrowest Spread Challenge Plan?】
To recap, here is a simple explanation of the plan.
Targeting five currency pairs—USDJPY, EURJPY, GBPJPY, AUDJPY, EURUSD—if other companies’ spreads are wider, Golden Way Japan Co., Ltd. will reduce the buy/sell spreads of the target currency pairs to the narrowest or equivalent level only if it meets the conditions and criteria it has established.
※ On October 16, spreads were reduced from 0.2 pips to 0.1 pips, and the pledge was fulfilled.
“Details of the Japan No.1 Narrowest Spread Challenge Plan” →https://www.fxtrade.co.jp/wp-content/uploads/2019/09/Spreadchallenge_v2.pdf）
【Golden Way Japan Research Results】
The image above shows Golden Way Japan Co., Ltd.’s November results announced on November 26, 2019. From this, most currency pairs appear to be at the industry’s narrowest levels, but the AUDJPY spread does not seem to be at the narrowest level. However, it is scheduled to shrink to 0.4 pips on December 2, 2019. Not only USDJPY but also the other four currency pairs are expected to demonstrate action toward the “Japan No.1 Narrowest Level.”
“November results for the Japan No.1 Narrowest Spread Challenge Plan” (as of November 26, 2019) →https://www.fxtrade.co.jp/support/306796
【Spread Verification】
As of November 26, 2019, we would like to verify USDJPY spreads. For comparison, refer to Gogojungle’s real-time spread page (https://www.gogojungle.co.jp/markets/spreads), and compare Golden Way Japan’s USDJPY spread with other companies.
▲ USDJPY spread graph as of 16:30 on November 26, 2019. This is a week’s measurement from November 19, 2019, and the 0.1 pip principle with exceptions has continued. Compared with other companies, Golden Way Japan Co., Ltd. maintained the narrowest level.
▲ Real-time USDJPY spread at 16:30 on November 26, 2019 also remains at 0.1 pip, being narrower than other FX providers.
【Result of Comparing EA Demo Forward and Golden Way Japan’s Real Forward】
This time, we compare the forward results of the USDJPY-only EA “Leverage Theory 2” in both demo and real accounts.
Leverage Theory product page →https://www.gogojungle.co.jp/systemtrade/fx/20294
・Real account
・Demo account
Previously, we compared GBPUSD EA results and found that the real account operated by Golden Way Japan outperformed the other company’s demo accounts at the same time. This time, we operated the EA on USDJPY, which is offered at the industry’s narrowest 0.1 pips.
Similar to the GBPUSD EA, the real account, trading in roughly the same time frame, shows profits greater than the other company’s demo accounts. MK-san, who has answered interviews before, is a manual trader, while Kawasaki Doraemon-san is a discretionary trader, and both viewed the narrowing of spreads positively. This result indicates that reduced spreads can significantly impact profitability, especially for EA operators.
【We Asked a Pro Trader for Golden Way Japan’s Evaluation!】
This time, well-known EA developer Trader Kaibe was asked to share what makes Golden Way Japan Co., Ltd. appealing.
