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As an experienced trader who prioritizes regulatory oversight and transparent fee structures, I approach each new broker with a healthy degree of scrutiny. With Yamani, my first observation is that their core regulatory status under Japan’s Financial Services Agency (FSA) does give me a degree of reassurance about the integrity and transparency one can expect. However, after reviewing the available information, Yamani is primarily focused on securities rather than pure forex trading, and explicit details about commissions and spreads are notably absent from public resources. In my professional practice, I have found that Japanese brokers—especially those under the FSA—usually operate with relatively transparent fee schedules, but they may not always match the ultra-competitive spread offerings from international forex-focused brokers. Yamani’s securities offerings likely involve either a commission-based structure, a spread markup, or both, but without a demo account or published rate tables, I had to proceed cautiously. It's also relevant that the platform appears to provide limited research and educational materials; in my view, this suggests that fees may not be the only consideration for prospective clients. Ultimately, without first-hand access to a demo or detailed fee disclosure, I could not verify account-specific spreads or commissions directly. My conservative approach is to always request this information via their official channels before opening an account. For anyone considering Yamani, I would strongly advise the same prudence, ensuring you understand all costs in advance so as not to encounter surprises later—especially given the “medium potential risk” rating and limited support for beginners. Caution and due diligence remain paramount.