Rakuten Trade Malaysia Review

The purchased shares are parked under cds account maintained by bursa malaysia. You earn rt points whenever you trade. I have talked about its benefits in another article what is a nominee account.

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Rakuten Trade

Rakuten trade offers a zero face to face account opening process and approval within 2 hours provided that all documents are clear and complete upon submission.

Rakuten trade malaysia review. So far rakuten trade does not charge a maintenance fee. My review of rakuten trade. With their rewards program low fees and no handling fees for corporate actions rakuten trade is the top broker currently in malaysia. Rakuten trade is also the first in malaysia that offers online account opening.

I ve compiled a list of all of malaysia s brokers here. It took me about 15 minutes to register for a rakuten trade share trading account. And if rakuten trade shuts down we are still protected. As it is using nominee account exclusively rakuten trade is different from the main brokerage houses in malaysia.

Presently rakuten trade sdn bhd holds a capital markets services license cmsl from securities commission which enables rakuten trade to deal in listed securities and provide investment advices in malaysia. Rakuten securities is considered safe because it is regulated by the top tier australian securities and investments commission asic has a long track record and has a strong parent company. Rakuten securities was founded in 1999 and it is an australia based forex and cfd broker. The best part is that your application will be processed extremely quickly and you can start investing after your account has been activated.

The all in one seamless platform will enable you to execute your own trading ideas. Rakuten trade is a fully online equities broker in malaysia. We are so happy you re thinking of signing up with us. Lowest brokerage fees in malaysia as i write the brokerage fees offered by rakuten trade is competitive and is easily calculated.

Thus if the company closes down the shares can be transferred to other brokerage. So you could keep the shares without worrying about extra fee. After using rakuten trade for some time i have discovered some of its disadvantages. For those with an incomplete account opening status it will now take up to 1 business day to be re processed as such we strongly recommend that accurate information and clear.