This time, the AUD/JPY spread is narrowed to the narrowest level yet! Golden Week Japan's action speaks louder than words with their "Japan's No.1 Narrowest Spread Challenge Plan" continuing.
In particular, the USDJPY, which was offered at 0.2 pips at the plan’s outset, further reduced its spread on October 16, 2019, to an astonishing 0.1 pips.
【Overview of the “Japan No.1 Narrowest Spread Challenge Plan”】
The five major currency pairs (USDJPY, EURJPY, GBPJPY, AUDJPY, EURUSD) offered by Golden Way Japan are subjected to the following declaration:
“If our company, after verification under the conditions and standards independently established by us, certifies that the spread levels of other FX industry companies are low, we will, in principle, promptly return to the narrowest or equivalent spread levels by reducing the buying and selling spreads of the target currency pairs according to a pre-specified procedure.”
and as the title suggests, we provide the narrowest spreads in the FX industry in Japan.
“Details of the Japan No.1 Narrowest Spread Challenge Plan”↓
https://www.fxtrade.co.jp/wp-content/uploads/2019/09/Spreadchallenge_v2.pdf
【AUD/JPY also starts at a new spread level】
Regarding the November results of the “Japan No.1 Narrowest Spread Challenge Plan” (as of November 26, 2019) →https://www.fxtrade.co.jp/support/306796
Golden Way Japan Co., Ltd., which publicly commits to and continues the “Japan No.1 Narrowest Spread Challenge Plan,” changed the AUD/JPY spread to 0.4 pips from December 2, 2019. Here, let’s once again review the spreads offered by major companies for AUD/JPY.
FX Companies AUD/JPY Spread List
※ This is a list of spreads from major FX companies as of December 10, 2019. Companies using floating spreads are not included.
Before the reduction, Golden Way Japan’s AUD/JPY spread was 0.5 pips. From the spread reductions this time, it has become the industry’s narrowest level along with au Kabucom Securities. SBIFX Trade also offers 0.4 pips spreads, but they are limited to up to 1,000 units, so for large trades Golden Way Japan remains the strongest option.
When the USD/JPY spread previously matched the reduced levels of other companies, not only was the narrowest level maintained, but there was a strong desire to “provide a better environment for users,” which led to a further reduction and realization of the astonishing “USD/JPY 0.1 pip” spread. The AUD/JPY spread this time is also aimed at creating a better environment for users through cost reduction, continuing the pursuit of user satisfaction. Previously, the Japan No.1 Narrowest Spread Challenge Plan helped bring down USD/JPY spreads across the FX industry. Going forward, attention also turns to AUD/JPY and other major currency pairs.
【Real-Time Spread Verification】
We will verify the USD/JPY spread as of December 10, 2019. For comparison, we will use GogoJungle’s real-time spread measurement page (https://www.gogojungle.co.jp/markets/spreads/) to confirm the USD/JPY spreads of Golden Way Japan and other companies, as well as the newly reduced AUD/JPY spread.
▲USD/JPY spread chart as of 11:00 on December 10, 2019. The measurement over the week from December 3, 2019 shows the 0.1 pip principle as fixed (with exceptions). After roughly two and a half months of continuous measurement since the plan began, it continues to prove that industry-narrowest spreads are consistently maintained.
▲Next, the AUD/JPY real-time spread as of 11:00 on December 10, 2019. It has been about a week since pricing began at a new level of 0.4 pips fixed in principle (with exceptions). It also shows normal spreads at 0.4 pips.
・As of November 29, 2019
・As of 11:00 on December 10, 2019
▲ In the spread comparison, the spreads for USD/JPY and AUD/JPY of Golden Way Japan are notably narrow.
【Results of comparing EA Demo Forward and Golden Way Japan Real Forward】
This time, we compare and verify the forward performance of the USD/JPY-only EA “Gold Hand” in both a demo account and a real account. Gold Hand is a scalping EA with high win rate and profitability, ranked No.1 in Gogojungle’s EA sales as of December 10, 2019.
Gold Hand product page→https://www.gogojungle.co.jp/systemtrade/fx/20160/
・Real account
・Demo forward account
The most recent trading frequency measured was almost the same, but the demo account incurred a loss once, while the real account has a steady win rate of 6-0 in the last six trades. As noted earlier, Golden Way Japan provides fixed low spreads, so trades are not affected by spread and can be executed stably.
For scalping EA, win rate and losses can strongly affect total profit/loss, so a low-spread environment that does not significantly impact EA logic is important. Golden Way Japan’s MT4 account is thus well-suited for EA trading.
【We Asked Real Traders for Golden Way Japan’s Evaluation】
This time, we asked wave trader Sakki to share what attracted him to Golden Way Japan after actually using an account.
Wave trader who analyzes and explains his trades using Elliott Wave on his blog “Starting as a NEET at 25.”
Twitter→@skiym_aaa
Gogojungle profile→https://www.gogojungle.co.jp/users/163366/
Editorial DepartmentFirst, please tell us what motivated you to start using Golden Way Japan’s account.
SakkiI chose it because I wanted to verify in the past; FXTF allowed downloading historical MT4 chart data, so I decided to go with them.
Editorial DepartmentCurrently, what kinds of trades are you doing with Golden Way Japan’s account?
SakkiThe main trading is day trading with positions held for about 1–2 hours.
Editorial DepartmentWhat are the merits and attractions of Golden Way Japan from a user’s perspective?
SakkiPrimarily the tight spreads. While many companies advertise “industry’s narrowest (levels),” it is very appealing that the major currency pairs truly have the narrowest spreads. In addition, the ability to use MT4 at that spread level, and the ability to download past chart data and easily check performance on “FXTF Live” are major advantages.
Editorial DepartmentThis time the plan further narrowed spreads; as a user, how do you feel about it?
SakkiI mainly trade GBP-related pairs, and it’s beneficial that spreads on all GBP-related pairs are at industry-narrow levels. FXTF has relatively stable spreads with less variation by time of day, and trading confidently with spreads at the narrowest level is advantageous.
Are spreads at different FX companies something you consider when trading? Also, what spread-related cautions do you have?
SakkiSpreads are the most important factor in FX trading. I pay attention to whether spreads stay stable at the time of order placement, excluding early morning and news releases.
【Related Articles Here】
・Golden Way Japan continues to publicly fulfill the “Japan No.1 Narrowest Spread Challenge Plan,” maintaining the narrowest levels!!
https://www.gogojungle.co.jp/finance/navi/754/17404/
・Even during EA operation, narrow spreads work in your favor! Golden Way Japan “Japan No.1 Narrowest Spread Challenge Plan”
https://www.gogojungle.co.jp/finance/navi/754/17132/
・Golden Way Japan implements the “Japan No.1 Narrowest Spread Challenge Plan”! MT4 USD/JPY spread reduced from 0.2 pips to 0.1 pips as a rule!!
https://www.gogojungle.co.jp/finance/navi/754/16735/
・Golden Way Japan implements the “Japan No.1 Narrowest Spread Challenge Plan”! MT4 USD/JPY spread reduced to 0.2 pips as a rule!
https://www.gogojungle.co.jp/finance/navi/754/16054/
【Notices】
・This plan may be changed, suspended, or terminated without the consent of third parties due to future economic or market trends, the financial status and earnings environment of Golden Way Japan Co., Ltd., and other circumstances.・The FX companies used for comparison are NDF (non-deliverable) retail FX brokers.
※ The first-class financial instruments business operators registered for retail FX, foreign brokers, and unregistered companies are excluded. Also, companies less than one year old since service start are excluded.
・Displayed spreads apply from Japan Standard Time 8:00 AM to the next day 5:00 AM. During times of low liquidity, economic news releases, extraordinary events, or natural disasters, spreads may widen and orders may not be executed as shown above.
※ The spreads shown between 8:00 AM and 5:00 AM Japan time are not fixed; there are exceptions. In times of rapid market changes (e.g., the Great East Japan Earthquake, central bank interventions, other external factors) or when market liquidity is low (around Mondays 7:00–8:00 AM, around 6:00 AM in daylight saving time [7:00 AM in standard time], holiday periods like Christmas, year-end/ New Year, and times around economic data releases), spreads may widen.
Advertising – Fixed (with exceptions) Spreads – Trading Days Excluded from Spread Application:
① December 24, 2019 (Tue) · December 25, 2019 (Wed) · December 26, 2019 (Thu)
② December 30, 2019 (Mon) · December 31, 2019 (Tue) · January 2, 2020 (Thu)
(Depending on market conditions on the day, we plan to offer the advertised spreads for as long as possible.)
【Important Matters】
In foreign exchange margin trading, customers trade amounts larger than their deposited margin, using the deposited margin as collateral. Therefore, fluctuations in exchange rates can disproportionately affect profits and losses, amplified by the ratio of trade size to margin.• FX margin trading is high risk and high return, and there is no principal guarantee. Losses may occur due to currency price fluctuations, and the amount of loss may exceed the margin because the trading amount can be larger than the margin that customers should deposit for that trade.
• Swap points may turn from receiving to paying due to changes in interest rates of the traded currencies.
• In rapidly changing market conditions, the bid price (selling price for customers) and offer price (buying price for customers) spreads may widen, or desired trades may not be possible.
• If the trading system or communication lines between the financial instrument operator and customers do not operate normally, orders may not be placed, executed, confirmed, or canceled.
• For corporate accounts, an amount of deposited collateral exceeding the notional amount of the trades, calculated by multiplying the currency pair’s exchange risk ratio by the trading amount, is required. The exchange risk ratio is calculated using a quantitative model prescribed by the Cabinet Office Order.
Please fully understand the trading manual (pre-contract disclosure) and other contents, and engage in trading at your own risk and judgment.
Golden Way Japan Co., Ltd.
Kanto Finance Bureau Director, Registration No. (Kanto Finance Bureau Director (Kinsho)) 258; Japan Society of Financial Futures Association Member Number 1570
