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Based on my in-depth review, Ichiyoshi Securities does not appear to operate in the familiar fashion of global forex brokers offering ECN or raw spread accounts with per-lot commissions. My understanding is informed by their positioning as a long-established, FSA-regulated Japanese securities firm, and their stated commitment to offering trustworthy, straightforward products while deliberately avoiding high-risk or complex offerings like foreign exchange margin trades. This approach stands in contrast to brokers specifically catering to active forex traders with ECN or raw spread account structures. From my professional perspective, the fee structures at Ichiyoshi Securities are not clearly defined in publicly available material, which raises an important consideration for individuals who prioritize transparency in trading costs. Furthermore, I found no direct mention of commission-based pricing typical for ECN or raw accounts. Instead, their business appears more attuned to traditional securities trading, and less to the speculative forex space where per-lot charges are standard. For anyone reliant on granular fee calculations and direct forex market access, I urge careful due diligence. It is advisable to contact their support directly for a complete breakdown of any fees and confirm the precise nature of their trading accounts before committing significant funds. This careful approach is particularly important for managing financial risk and maintaining control over your trading expenses.