MultiBank USD/JPY Spread & Trading Conditions 2026

MultiBank quotes USD/JPY — the US dollar vs Japanese yen pair, a key carry-trade major — with a standard spread of 1.6 pips. 1.6 pips places it 33th out of the 35 brokers we track quoting USD/JPY, wider than the median of 1.1. On raw/ECN accounts the spread is typically 0.1 pips. Spreads are quoted in pips and widen or tighten with market volatility and account type.

Fee context from our review: ECN account is the highlight. Standard accounts have higher spreads. ECN commission is $3/lot.

Across the 35 public brokers we track quoting USD/JPY, MultiBank ranks 33 against a median of 1.1, among the widest we track. Ranked on published standard-account quotes — see our [methodology](/our-methodology/).

When trading USD/JPY at MultiBank:

Minimum deposit: $50
Maximum leverage: 1:500 (International) | 1:30 (Retail AU/EU)
Commission: $3/lot (ECN)
Execution: ECN
Platforms: MT4, MT5

Spreads shown are indicative of the account types we assess. Raw/ECN accounts generally charge a per-lot commission in exchange for tighter raw spreads, while standard accounts build costs into the spread itself.

The USD/JPY spread is driven by liquidity depth, market volatility, the time of day (London and New York sessions are tightest), and the account model you choose. MultiBank supports MT4 and MT5 for spread-sensitive execution.