WikiFX

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From my personal experience reviewing brokers like Shikoku, transparency about fees is non-negotiable. Shikoku specifies a bank transfer fee for deposits, ranging from JPY 0 to 4,000, and the processing time is typically under 24 hours, which aligns with the industry standard for Japanese brokers. However, the information available does not mention any additional or hidden fees specifically tied to either deposits or withdrawals. While I have not encountered explicit reports of undisclosed charges with Shikoku, the absence of detailed withdrawal fee information—other than the stated bank transfer costs—means I cannot make absolute assurances that there are no other fees involved. As a cautious trader, I always recommend verifying fee schedules directly before funding an account, especially since user reviews noted some difficulty getting quick responses to fee-related inquiries. In my approach, I never assume zero hidden costs just because a broker is regulated, even by a reputable authority like Japan’s FSA. Given Shikoku’s regulation and physical presence in Japan, the risk of outright hidden fees seems lower, but due diligence is still required. For me, the best practice is contacting customer support and requesting a full breakdown of all deposit and withdrawal charges prior to making any transfers, just to avoid surprises.