Next after USD/JPY is AUD/JPY, as Golden Way Japan continues to back up its words with actions by shrinking spreads. This compares and tests the five currency pairs targeted in the "Japan's No.1 Tightest Spread Challenge Plan."

Since September 26, 2019, the “Japan No.1 Narrowest Spread Challenge Plan” has the Golden Way Japan company offering five currency pairs—USDJPY, EURJPY, GBPJPY, AUDJPY, and EURUSD—with spreads at the industry’s narrowest levels. The pinnacle was on October 26 when USDJPY tightened from 0.2 pips to 0.1 pips, and on December 2 AUDJPY tightened from 0.5 pips to 0.4 pips!

This time, we will verify the spreads for USDJPY, EURJPY, GBPJPY, AUDJPY, and EURUSD.

【Overview of the “Japan No.1 Narrowest Spread Challenge Plan”】

First, a quick recap of the “Japan No.1 Narrowest Spread Challenge Plan.” Targeting USDJPY, EURJPY, GBPJPY, AUDJPY, and EURUSD, if the spreads of other FX companies are judged to be low compared with the conditions and criteria set by Golden Way Japan, then the plan promptly reduces the buying/selling spreads of the target currency pairs to the narrowest or equivalent spread levels. In practice, Golden Way Japan has indeed reduced the USDJPY and AUDJPY spreads as promised, making it a highly trusted initiative for traders.

Details →https://www.fxtrade.co.jp/wp-content/uploads/2019/09/Spreadchallenge_v2.pdf

【Spread Verification】

We would like to verify the spreads for the five currency pairs as of December 18, 2019. For comparison, use the real-time spread page on Gogojungle (https://www.gogojungle.co.jp/markets/spreads) to compare Golden Way Japan’s spreads with those of other companies for each currency pair.

• USDJPY (December 13–20, 2019)

▲ The orange line shows Golden Way Japan’s USDJPY spread. It remains at 0.1 pips, unchanged from the previous article’s verification.

• EURJPY (December 13–20, 2019)

▲ Here the light-blue line represents EURJPY. It displays about a week of spreads, continuing at the narrowest level of 0.4 pips.

• GBPJPY (December 13–20, 2019)

▲ GBPJPY is the orange line. It is offered at the narrowest level of 0.7 pips as well.

• AUDJPY (December 13–20, 2019)

▲ The black line is AUDJPY. Since the reduction on December 2, it has continued offering at 0.4 pips.

• EURUSD (December 13–20, 2019)

▲ The light blue line is EURUSD. It is offered at 0.2 pips.

We looked at five planned currency pairs and all are provided at the narrowest levels.

Not only USDJPY and AUDJPY, which were narrowed as promised, but also the other currency pairs demonstrate that this FX company is optimal for trading.

• Real-time spread values

As of 11:30 on December 20, 2019, real-time spreads show that USDJPY, GBPJPY, EURJPY, AUDJPY, and EURUSD are all lower than those of other companies.

FX companies that use floating spreads such as Gaitame Finest sometimes display narrower spreads than Golden Way Japan, but those do not meet the conditions/criteria of the “Japan No.1 Narrowest Spread Challenge Plan.” Among FX companies that primarily offer fixed spreads, Golden Way Japan provides the narrowest spreads.

【FX Company Spread List】

We will compare the five currency pairs targeted by the “Japan No.1 Narrowest Spread Challenge Plan” across each FX company.

FX Company USDJPY Spread List

Note: Data as of December 23, 2019. It may change due to campaigns and other factors.

FX Company EURJPY Spread List

Note: Data as of December 23, 2019. It may change due to campaigns and other factors.

FX Company GBPJPY Spread List

Note: Data as of December 23, 2019. It may change due to campaigns and other factors.

FX Company AUDJPY Spread List

Note: Data as of December 23, 2019. It may change due to campaigns and other factors.

FX Company EURUSD Spread List

Note: Data as of December 23, 2019. It may change due to campaigns and other factors.

We listed each company’s spreads for USDJPY, EURJPY, GBPJPY, AUDJPY, and EURUSD. USDJPY remains at the steadfast 0.1 pip, a level that other companies cannot match, with a fixed baseline (with some exceptions).

EURJPY, GBPJPY, and AUDJPY each stand at 0.4 pips, 0.7 pips, and 0.4 pips respectively, clearly showing industry-leading narrow spreads. Not only the cross-yen pairs but also the highly traded EURUSD are provided at 0.2 pips, highlighting Golden Way Japan as a standout among Japanese FX companies.

Having revised the USDJPY and AUDJPY spreads, they have clearly achieved their stated goals, and it is expected that they will continue to maintain these five currency pairs at the narrowest levels.

【EA Demo Forward vs Golden Way Japan Real Forward Comparative Verification Result】

As before, we compare forward results for USDJPY using the USDJPY-only EA “Gold Hand” between Golden Way Japan’s real account and other companies’ demo accounts.

Gold Hand product page →https://www.gogojungle.co.jp/systemtrade/fx/20160/

• Real account

• Demo forward account

Compared on the same dates after December 2, the real account at Golden Way Japan shows higher profits. This confirms that not only discretionary trading but also EA operations can benefit from Golden Way Japan’s spreads using the “FXTF MT4.”

Also noteworthy is the December 2 trade. The result is negative, but the real account at Golden Way Japan has slightly lower losses. The tight spreads may also influence losses.

【We Asked Real Traders for Their Evaluation of Golden Way Japan】

This time, we spoke with investment-focused YouTuber Kani Trader about Golden Way Japan’s appeal.

＜Kani Trader profile＞

He publishes daily live trades on YouTube and has grown from 3 million to 10 million yen. In 2019, he provides live commentary with his face shown from 22:45 every day. The theme is “So that viewers can win” and “A healthy FX channel.”

Twitter→https://twitter.com/keibakinma

YouTube→https://www.youtube.com/channel/UCDRGBNIAvHMUzyE0tJzy84A

＜Interview＞

Editorial TeamPlease tell us how you first started using Golden Way Japan’s account.

Kani Trader (hereafter, Kani)Because from Golden Way Japan’s homepage you can obtain historical data for backtests. Also, I like their image character Riko Kojima (Kojiruri) (・∀・).

Editorial TeamWhat kind of trading are you currently doing with Golden Way Japan?

KaniSpreads are so narrow that discretionary trading, automated trading, EA operation, and backtesting data collection are all very useful.

Editorial TeamWhat are the benefits and魅力 (attractions) from a user’s perspective?

KaniCertainly the narrow spreads. Spreads directly affect expected profitability; even 0.1 pips narrower boosts expected value. Also Kojiruri is cute (laughs).

Editorial TeamThis time, spreads were narrowed by the “Japan No.1 Narrowest Spread Challenge Plan.” How has your experience been?

KaniIt genuinely feels like you can trade USDJPY at 0.1 pips. Previously 0.3 pips, now 0.1 pips—it's a huge difference I didn’t expect.

Editorial TeamDo you monitor each company’s spreads when trading? Also, what spread-related things do you watch out for?

KaniIt is important. Especially overseas accounts tend to have wider spreads, which is a disadvantage.

【Related Articles Here】

• Now narrowing AUDJPY spreads to the narrowest level! Golden Way Japan’s “Japan No.1 Narrowest Spread Challenge Plan” continues to fulfill its promises!

https://www.gogojungle.co.jp/finance/navi/754/17685

• Golden Way Japan continues to uphold the plan and maintains the narrowest spreads!
https://www.gogojungle.co.jp/finance/navi/754/17404/

• When using EA, narrow spreads work to your advantage! Golden Way Japan “Japan No.1 Narrowest Spread Challenge Plan”
https://www.gogojungle.co.jp/finance/navi/754/17132/

• Golden Way Japan fulfills its pledge of the “Japan No.1 Narrowest Spread Challenge Plan”! MT4 USDJPY spread reduced in principle from 0.2 pips to 0.1 pips!!
https://www.gogojungle.co.jp/finance/navi/754/16735/

• Golden Way Japan implements the “Japan No.1 Narrowest Spread Challenge Plan”! MT4 USDJPY spread reduced to 0.2 pips in principle!
https://www.gogojungle.co.jp/finance/navi/754/16054/

【Important Notices】

• This plan may be changed, suspended, terminated, or otherwise altered without prior consent of a third party due to future economic, market trends, Golden Way Japan’s financial and earnings environment, or other circumstances.

• The FX companies used for comparison are those registered as over-the-counter foreign exchange margin trading companies (※) for the purposes of comparison.

※ They are OTC FX companies registered as Type 1 Financial Instruments Business Operators; overseas operators and unregistered companies are excluded. Also, companies less than one year old since service start are excluded.

※ The spreads are not fixed on an every-day basis except where stated. During market shocks (natural disasters like the Great East Japan Earthquake, central banks’ market interventions, other external factors) or when liquidity is low (around Monday 7:00–8:00am, around summer time 6:00–7:00am, around Christmas, year-end/ start of year economic news releases), spreads may widen.

Advertising fixed spreads (with exceptions) and market days when spreads do not apply:
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 that day, we plan to offer the ad-spreads for as long as possible.)

【Important Matters】

In foreign exchange margin trading, the customer deposits margin as collateral and trades in currencies that are many times larger than the deposited margin. Therefore, fluctuations in the FX market can have a magnified impact on profits and losses, depending on the ratio of the traded amount to the margin.

• FX margin trading is high risk and high return; there is no principal guarantee. Losses can occur due to currency price movements, and the trading amount can exceed the margin the customer was required to deposit, causing losses to exceed the deposited margin.

• Due to changes in interest rates for the currencies being traded, swap points can switch from receiving to paying.

• Rapid changes in market conditions can widen the bid-ask spread or prevent the intended trade from being executed.

• If the trading system, financial instrument traders, or communications networks fail to operate normally, orders may not be placed, executed, confirmed, or canceled.

• For corporate accounts, the margin required must exceed the amount obtained by multiplying the currency pair’s exchange risk exposure ratio calculated by the Financial Futures Association by the trade amount. The exchange risk exposure ratio is calculated using a quantitative model prescribed by the Cabinet Office Order on Financial Instruments (Article 117, Paragraph 27, Item 1).

Please ensure you understand the contents of the trading explanation (pre-contract disclosure) and other documents, and engage in trading at your own judgment and responsibility.

Golden Way Japan Co., Ltd.
Kanto Finance Bureau Director Authorized, Registration Number (Kanto Finance Bureau Director (Kinsho) 258) Financial Futures Association Member Number (General Incorporated Association Financial Futures Association 1570)