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Chris hagerman
Within 1 year

Do MITO's spreads remain fixed or do they vary, and how do they typically behave when there's high market volatility due to news events?

Broker Issues
MITO
Fees and Spreads
05-18
United States
WikiFX
Reply

In my experience evaluating MITO, I found that spread information is unfortunately not directly disclosed, which raises important considerations when assessing trading costs—especially for those of us who trade through news events or during periods of high volatility. Unlike many global forex brokers offering MetaTrader or similar platforms with transparent spread data, MITO operates mainly within Japan, providing its own proprietary platforms, and does not cater to forex or commodity traders. Instead, MITO focuses on stocks, bonds, and ETFs according to the information I reviewed. Given that forex trading isn’t available here, questions about spread behavior during market-moving news events are somewhat moot for MITO’s current offering. For the instruments MITO does provide—namely Japanese stocks and bonds—spreads are usually determined by the underlying market’s liquidity and the exchange itself, not by the broker. During times of high market volatility, spreads on these markets can certainly widen due to a lack of liquidity, which is industry-standard. However, without explicit details from MITO or first-hand data via platforms like MT4/5, I would approach trading during volatile periods with caution. It’s important for any trader to seek direct clarification from MITO’s customer service regarding transaction costs if you’re sensitive to spread changes or planning active trading around news events. For me, the lack of spread transparency and demo account availability is a significant limitation when compared with other brokers in the market.

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