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Speaking from my experience as a trader who has researched and compared a wide range of forex brokers, I pay close attention to transparency in costs, especially when it comes to commissions on ECN or raw spread accounts. With MUFG, my research confirms that they are primarily classified as a Market Maker (MM) and do not specifically advertise the availability of ECN or raw spread accounts. Most of their regulatory disclosures and services highlight their market-making operations and broader financial services rather than specialized ECN trading, which typically comes with per-lot commission fees. I always look for explicit information about trading costs because commission structures—especially those associated with ECN accounts—can meaningfully affect a trader’s bottom line over time. In MUFG’s case, there’s a noticeable absence of detail regarding ECN or raw spread account types and their associated commission fees. For me, this lack of transparency means I would proceed with caution and contact their support directly for clarification before opening an account that assumes such a commission schedule. Given MUFG’s size, history of regulation by authorities like the FCA and LFSA, and their focus on comprehensive financial services, I would not expect typical ECN commission structures unless clearly stated. This is an area where I believe thorough due diligence is especially important for protecting your capital. In summary, I have not found evidence that MUFG offers ECN or raw spread accounts with per-lot commissions, and would recommend reaching out to the broker directly to verify the current details before making any trading decisions.