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As someone who has navigated multiple forex brokerages over the years, I found SBI FXTRADE’s approach to spreads to be an important consideration. According to my research and personal evaluation, SBI FXTRADE advertises “narrow spreads,” which typically implies variable spreads rather than fixed ones. This is quite common among Japanese brokers, where the spread may fluctuate depending on underlying market conditions. In my experience, variable spreads can offer tighter pricing during stable market conditions, which can benefit frequent traders or those executing larger positions. However, it is crucial to recognize that during periods of heightened market volatility—such as economic news releases or abrupt market events—these spreads can widen, often significantly. While a broker may strive to keep spreads low, no platform is immune to these fluctuations, as they reflect the broader interbank market’s liquidity and volatility. I always advise new traders to monitor spreads closely, particularly during key data releases or unexpected geopolitical developments. Although SBI FXTRADE is regulated by the Financial Services Agency of Japan and aims for transparency, I’ve observed through both my own demo usage and peer feedback that spreads have, at times, not matched the “low” expectations during such volatile conditions. This is not unusual in the industry but underscores the importance of prudent risk management. For me, I never assume a spread will remain constant, especially when planning trades around the financial calendar. It’s a point every trader should consider before entering a position.