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In my personal experience with SBI SECURITIES, the information provided indicates that the typical spread for FX trading starts from 1 pip on major currency pairs, which includes EUR/USD. This is in line with what I have observed using other FSA-regulated Japanese brokers, as Japanese regulations tend to enforce transparent fee structures and often restrict excessive spreads to protect retail clients. While 1 pip is competitive for a standard account, it's worth remembering that spreads can occasionally widen during periods of low liquidity or high market volatility—an area where I’ve noticed SBI SECURITIES sometimes faces challenges with slippage, particularly around market opens or after holidays. This is not uncommon in the industry, but it does make it necessary to monitor trading conditions carefully if you are timing entries or exits closely. Overall, the 1 pip spread is fair for mainstream forex pairs on this platform, although professional and high-frequency traders may find the spread and occasional slippage less optimal compared to some global ECN brokers. Still, for most retail traders who prioritize regulatory oversight and operational stability, the spread structure is reasonable and transparent.