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Based on my careful review and experience with broker evaluations, I found that SANKO primarily operates as a Japan-based securities firm under FSA regulation, with a focus on stocks, bonds, futures, options, ETFs, and REITs. My understanding is that SANKO does not actually advertise forex trading services for individual traders, nor do they provide ECN or raw spread account structures similar to what I see from more internationally oriented forex brokers. In my assessment, there is no clear information available regarding per-lot commissions for forex, ECN, or raw spread trading—because, quite simply, these account types do not appear to be offered by SANKO. From a risk management perspective, I am particularly cautious with firms that have “medium potential risk” ratings and limited transparency about trading conditions. The absence of mention for platforms like MT4 or MT5, which typically support forex ECN accounts, reinforces my view that SANKO is not focused on providing this service. For me, the lack of details around commission models or any forex-specific fee structures means I cannot recommend SANKO for those seeking ECN or raw spread trading, and I would personally avoid making assumptions about their fee model in these regards. I always prefer brokers who clearly disclose their commission and spread structures up front.