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From my experience examining Phillip Securities’ offering and public regulatory disclosures, I couldn’t find any clear, transparent information about commission charges per lot specifically for ECN or raw spread accounts. As a long-term, independent trader, transparency around costs is critically important for me because it directly impacts trading performance and planning. What stands out about Phillip Securities is their strong regulation under Japan’s Financial Services Agency and their considerable history in the market, which gives some reassurance about their operational integrity. However, the lack of detailed information about commissions—especially the exact structure for ECN or raw accounts—introduces a degree of uncertainty that I cannot overlook. My trading decisions always hinge on knowing upfront what fees I'll incur, not only due to compliance with my risk management principles but to prevent unexpected costs that could erode profits over time. While some user experiences mention low commissions and fast withdrawals, without formal, published figures or an explicit fee schedule from Phillip Securities, I view it as prudent to approach with caution. If clarity on commissions is as important to you as it is for me, I would recommend reaching out to their customer service directly for a full fee breakdown before proceeding with any sizable deposit or trading activity. For my own trading capital, that transparency is not negotiable.