Rakuten Trade (楽天トレード) offers trading on Bursa Malaysia, U.S. & Hong Kong Markets via a FinTech platform that combines best practices in both Malaysia and Japan. We are Malaysia’s first completely online equities broker offering innovative digital investment opportunities to investors.
What is Rakuten Securities？
Rakuten Securities shines with its user-friendly trading platforms and robust educational resources, complemented by its regulation under the Financial Services Agency in Japan. However, investors may find the options of securities limited, and the absence of live chat support could be a drawback for those seeking immediate assistance.
Pros and Cons of Rakuten Securities？
Rakuten Securities, regulated by the FSA in Japan, offers a user-friendly experience with its easy and fast account opening process and intuitive trading platforms. Investors benefit from no inactivity fees, ensuring cost-effective trading. However, the platform has limitations, including a restricted range of securities and no access to IPOs. Additionally, the absence of live chat support can be a drawback for users seeking real-time assistance.
Is Rakuten Securities safe？
Regulation
Rakuten Securities is licensed and regulated by the Financial Services Agency (FSA) under license number 関東財務局長（金商）第195号.
Funds Safety
Client funds are securely stored in segregated accounts with local licensed banks, completely separated from the company's funds.
Safety Measures
Rakuten Securities HK utilizes Secure Socket Layer (SSL) encryption technology to safeguard sensitive information during transmission. This technology prevents unauthorized interception of your data by third parties while it's being transmitted. Additionally, Rakuten Securities HK implements other security measures such as firewalls, authentication systems (e.g., passwords and personal identification numbers), and access control mechanisms to prevent unauthorized access to systems and data, ensuring compliance with industry standards.
What are securities to trade with Rakuten Securities？
Rakuten Securities specializes exclusively in forex trading, catering to traders seeking opportunities in currency markets. It does not offer other products such as stocks, bonds, or options.
Rakuten Securities Accounts
Rakuten Securities offers three account types: Forex account, Corporate account, and Demo account.
Forex Account: Designed for individual traders interested in forex trading, the Forex account requires a minimum transfer of HK$10,000 from a designated bank account in the trader's name. An initial deposit is necessary for online account opening, as per SFC guidelines. However, if traders opt to open their accounts in person at Rakuten Securities' office, no initial deposit is required.
Corporate Account: Tailored for corporate entities, the Corporate account provides a platform for businesses to engage in forex trading.
Demo Account: Rakuten Securities offers risk-free demo accounts at zero cost, allowing traders to experience the actual trading environment without financial risk.
Rakuten Securities Fees Review
Rakuten Securities imposes varying commission rates based on the trading platform and account tier. For the Rakuten FX Trading Platform, no commission is charged. Similarly, for the MT4 Trading Platform under the Standard, Premium, and VIP tiers, there is no commission. However, for the MT4 Trading Platform under the Elite (Lite) and Elite tiers, commissions are payable per 100k per side on both open and close trades.
The fixed commission rates for currency pairs differ depending on the tier, with USD 1 or HKD 7.8 for the Elite tier and USD 2 or HKD 15.6 for the Elite (Lite) tier. It's important to note that commission for a round turn trade (opening and closing) is doubled and is fully charged at the opening of the order. Additionally, commissions will be settled in either US Dollar or HK Dollar, depending on the denominated trading account. These fees are subject to pro rata adjustments for lot sizes smaller or greater than 100k. It's advisable to refer to daily combined account statements for the actual applicable fees and charges.
Rakuten Securities App Review
Rakuten Securities offers a two platform for forex trading, featuring the Rakuten FX Platform and MetaTrader 4 (MT4).
The Rakuten FX Platform boasts fixed spreads as low as 0.5 pips. Moreover, it provides a trading experience across desktop, mobile/tablet, and web interfaces, allowing traders to access the platform from anywhere at any time. To uphold stringent security standards, Rakuten Securities implements Two-Factor Authentication (2FA) to verify users' identities, safeguarding their information from unauthorized access.
Additionally, the MetaTrader 4 (MT4) platform is available, offering a wide range of functionalities for implementing various trading strategies in the forex market.
Research and Education
Rakuten Securities provides an educational program to empower traders with the knowledge and skills necessary to excel in forex trading.
Through free seminars, traders can learn practical techniques for using the Rakuten FX platform effectively and discover strategies for earning profits and interest in the FX market. Additionally, Rakuten Securities offers market insights, providing valuable information on key factors and events shaping the forex market. Traders can stay informed and make well-informed decisions with access to an economic calendar, forex news updates, and technical analysis tools. The technical analysis curriculum covers essential topics such as interpreting historical data and charts, gaining insights into market trends, and refining trading strategies using indicators like Moving Average, Relative Strength Index, Bollinger Bands, and Fibonacci Retracements.
Customer Service
With service hours extending from Monday to Friday, 8:00 am to 8:00 pm, and on public holidays from 9:00 am to 6:00 pm, clients can access support when they need it most. The company is closed on Saturdays and Sundays. Clients can reach Rakuten Securities' customer support team via multiple channels, including telephone at (852) 2119-0116, email at info@sec.rakuten.com.hk, fax at (852) 2119-0117, and even WhatsApp at (852) 6547-2442.
Conclusion
Rakuten Securities distinguishes itself with its user-friendly trading platforms and robust regulatory oversight by the Financial Services Agency in Japan. Specializing exclusively in forex trading, it is well-suited for both novice and experienced traders seeking a reliable platform to navigate the currency markets confidently.
FAQs
Is Rakuten Securities safe to trade？
Yes, Rakuten Securities is regulated by the Financial Services Agency (FSA) and ensures the safety of client funds by storing them in segregated accounts with licensed banks. The company also employs Secure Socket Layer (SSL) encryption technology to protect sensitive data during transmission, along with other security measures like firewalls and authentication systems, ensuring compliance with industry standards.
Is Rakuten Securities a good platform for beginners？
Yes, Rakuten Securities offers user-friendly trading platforms and provides research and educational resources, making it suitable for beginner traders to learn and navigate the forex market effectively.
Is Rakuten Securities legit？
Yes, Rakuten Securities is licensed and regulated by the Financial Services Agency (FSA) under license number 関東財務局長（金商）第195号.
Risk Warning
The information presented is derived from WikiStock's expert assessment of the brokerage's website data and may be subject to updates. Additionally, it's important to note that online trading carries significant risks, including the potential for total loss of invested funds. Therefore, it is essential to thoroughly understand and assess these associated risks before engaging in trading activities.
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