Rakuten Securities Review

Rakuten Securities

Rakuten Securities

www.rakuten.com

  • Leverage: 1:400

  • Regulation: ASIC, SFC

  • Min. Deposit: 50 US$

  • HQ: Tokyo

  • Platforms: MT4, Rakuten FX, ZuluTrade

  • Found in: 1999

Rakuten Securities Licenses

  • Rakuten Securities Japan - authorized by FSA (Japan)
  • Rakuten Securities Australia Pty Ltd  - authorized by ASIC (Australia) registration no. AFSL No. 418036
  • Rakuten Securities Hong Kong Limited - authorized by SFC (Hong Kong) registration no. AIM232
  • Rakuten Trade - authorized by CMSL (Malaysia)

Top 3 Forex Brokers

  1. What is Rakuten?
  2. Rakuten Trading Pros and Cons
  3. Is Rakuten safe or a scam?
  4. Awards
  5. Leverage
  6. Accounts
  7. Market Instruments
  8. Fees
  9. Spreads
  10. Deposits and Withdrawals
  11. Trading Platform
  12. Customer Support
  13. Education
  14. Conclusion

What is Rakuten?

Rakuten trading name, which is a quite known broker is the division of Rakuten Inc. one of the leading internet services companies with business in e-commerce, travel, banking, securities, e-money, marketing and more.

Rakuten Group is expanding globally and currently performs operations throughout Asia, Europe, the Americas and Oceania.

The company headquarters located in Tokyo, Japan while branching out into Hong Kong, Malaysia and Australia. While the financial services Rakuten Securities launched in 1999 since then its grown involved into a large brokerage firm with a comprehensive range of trading opportunities and available assets.

Is Rakuten a good broker?

Ever since and until now, Rakuten is one of the major online brokers in Japan and across Asia servicing over 2.6 million clients. Also, the company continuously enhances its structure and include even more possibilities to offer and greater option for investors, which is always a benefit. Thus in 2016, the broker partnered with FXCM while further acquired FXCM Asia ltd.

Rakuten Pros and Cons

Rakuten has Long years of operation and excellent reputation, is Globally recognized and awarded broker and provide Platforms MT4 and proprietary Rakuten FX with Excellent support, learning and research tools Suitable for beginners and professionals.

For Cons, Conditions and trading offering itself may vary according to regulation and entity.

Rakuten Securities website

10 Points Summary
🏢 HeadquartersTokyo
🗺️ RegulationASIC, SFC
📉 InstrumentsEquities, commodities, bonds, investment trusts, ETFs and FX, CFDs
🖥 PlatformsMT4, Rakuten FX, ZuluTrade
💰 EUR/USD Spread0.5 pips
🎮 Demo AccountProvided
💰 Base currenciesEUR, GBP, AUD, USD
💳 Minimum deposit50$
📚 EducationEquities, commodities, bonds, investment trusts, ETFs and FX, CFDs
☎ Customer Support24/5

Awards

Rakuten now serves as a global broker, with great international recognition, numerous awards and achievements, as well as well recognized for its sponsorships and social programs it performs, being a partner in Sports and Entertainment. Alike you can see Rakuten name on the t-shirts of the famous FC Barcelona as Rakuten is an honored main Global partner of the team.

Rakuten sponsorship

Is Rakuten safe or a scam

Rakuten is heavily regulated by various top-tier authorities like ASIC, SFC, JFSA broker for its branches and global offices. It is low-risk trading Forex and CFDs with Rakuten due to its regulations

Is Rakuten legit?

Yes, Rakuten is fully legit, regulated and authorized for all the businesses it does and offers around the world.

The head office of the Rakuten Securities responsible for trading activity and proposal is located in Japan while authorized by the local Financial Services Agency (FSA Japan) while also is a member of the Financial Futures Association and the Commodity Futures Association.

Hong Kong branch RSHK authorized and regulated by SFC, while Australian entity RSA, regulated by the respected ASIC. In addition, the Malaysian branch restricted by the Securities Commission Malaysia and holds Capital Markets Services License (CMSL).

How are you protected?

The above-mentioned range of regulations and authorizations ensures Broker’s reliability and that the operations handled according to the set regulatory requirements. This ensures the trusted investment solution, while clients are protected in multiple ways with money segregation rules and other control that are audited by the authorities so you’re getting transparent conditions.

Rakuten entity Regulation and License
Rakuten Securities Japan Authorized by FSA (Japan)
Rakuten Securities Australia Pty Ltd Authorized by ASIC (Australia) registration no. AFSL No. 418036
Rakuten Securities Hong Kong Limited Authorized by SFC (Hong Kong)registration no. AIM232
Rakuten Trade Authorized by CMSL (Malaysia)

Leverage

Being an international broker that serves in various entities and respectively regulated by local authorities, various branches of Rakuten may offer different levels of leverage.

  • While Japanese and Australian entities of Rakuten still offer a quite high leverage level up to 1:500 on Forex,
  • The other international branches may maximum allow 1:100 on Forex major pairs.

Of course, leverage offers a great benefit opportunity, yet, make sure to learn deeply about leverage and how to use it smartly, as a leveraged or increased trading size may pay a significant role in your either potential income or losses as well.

Account types

We will see here as a reference of Rakuten Review the Australian offering, where two account types are available including Standard Account and High Leverage Account. The conditions are similar while the difference is about the maximum allowed leverage, spread and maximum allowed lots.

So in order not to confuse account types possibilities, check over the applicable entity the account type you can be handled with, since the conditions and offers may vary from one regulation to another.

Rakuten Accounts

Instruments

The products range as we find through our Rakuten Review including equities, commodities, bonds, investment trusts, ETFs and FX, CFDs.

Rakuten Securities spread

Fees

Rakuten uses pricing technology directly from the Tokyo platform, since this option allows to leverage the larger orders and present better prices to the global markets, offering spread basis fee. Other fees see I the fee table below.

FeesRakuten FeesCMC Markets FeesXM Fees
Deposit feeNoNoNo
Withdrawal FeeNoNoNo
Inactivity feeYesYesYes
Fee rankingLowLowHigh

Spreads

Rakuten does not charge any commission on the spreads, while the spread in 95% is fixed during regular working hours and the rest 5% may vary due to the low liquidity reason.

Also, as we saw via the Australian proposal there are two accounts with Standard EUR USD 0.5 pipsand High leverage conditions EUR USD 0.8 pips, where the last one will offer a slightly higher spread, yet remain competitive as we compare to other market proposals.

The comparison on typical Rakuten spreads you may see below, also see a snapshot of the differences between Standard and High leverage spreads, likewise you can check out and compare offered fees with another popular broker Plus500.

Asset/ PairRakuten SpreadCMC Markets SpreadXM Spread
EUR USD Spread0.5 pips0.7 pips1.6 pips
Gold Spread1.5 335

Rakuten fees

Payment Methods

As a Rakuten client, you can choose and fund a trading account with different currencies, typically AUD, USD, EUR and GBP, while you still can select which base currency to utilize and even have multiple accounts.

Deposit Options

There widely supported methods and payment options that may be different due to regions as well, yet typically include

  • domestic and international bank wire transfers,
  • e-wallets option Neteller, Skrill, ChinaUnion Pay,
  • Credit or Debit cards, Amex,
  • along with Bitcoin via the e-wallets.

What is the minimum deposit for Rakuten

The minimum deposits at Rakuten is 50$, thus the trader of any size may involve into trading with Rakuten at ease. Nevertheless, consult with the broker in order to cover all necessary margins according to the trading instrument you working with.

There are no fees for deposits made by domestic transfers, however, banks may charge international transaction fees for other payment options.

Rakuten minimum deposit vs other brokers

Rakuten Most Other Brokers
Minimum Deposit $50 $500

Withdrawals

Rakuten withdrawal options are processed through the same methodsas deposits, including popular bank Wire and Cards, while the withdrawal fee will vary from one method to another, e.g. Neteller and Skrill will add on a 2% fee.  Nevertheless, check funding methods with your Rakuten entity, as various regions may apply slightly different conditions on payments.

Rakuten funding methods

Trading Platforms

The branched nature of Rakuten delivers various platforms to their clients that may incur some differences between the entities as well.

ProsCons
Proprietary trading platform Rakuten FXEach entity offers different platform selection
User friendly design and login
Price alerts
Supporting many languages Technical analysis and powerful features
MT4 available as an alternative
Advanced and Standard versions

Desktop Platform

The Australia Rakuten offers as a trading platform the industry known MetaTrader4 Platform that besides its powerful performance allows analyzing the price with a slew of charts, technical tools and a highly customizable interface and modular approach.

Another platform solution is the Rakuten FX trading platform that delivers offering to the Hong Kong entities is an easy-to-use software with robust functionality, while its AS Streaming trading function performs speedy order execution with lower trading costs through the tight fixed spread and no extra cost.

Web Trading

The investment defined at pre-set preferred trading lot size, auto copy notification, real-time account reports also available via desktop, web and mobile platforms so supporting all the devices.

The Malaysian offering includes also access to the market platform via iSPEED.my app or web-based trading screen that provides with a more efficient way to manage trading activities from the online account.

Mobile Platform

Mobile platform features Support for Android, Support for iOS, Full Set of Trading Orders, Analysis and Technical Indicators.

Rakuten platform

Customer Support

The customer support available around the clock also supporting live chat, phone lines and reachable through various sources including WhatsApp making communication easily accessible. Besides, Rakuten gained a good ranking among other brokers for its quality customer service, which is another plus to its proposal.

Education

The beginning traders or even seasoned ones are also supported with the educational resources and materials, including powerful technical analysis support coverage of important topics via the Education courses, regularly held Webinars and videos also done in various languages making learning better.

For practice trading in risk free Demo Account you can sign up for free at any time and test strategy or Rakuten conditions.

Rakuten Securities education

Conclusion

Our final thought on Rakuten Review are good, the broker provides professional services, while constantly improving their offering. The overall proposal to the investors and traders indeed very comprehensive by the number of account types, fixed or floating spreads, trading platforms and availability of progressive tools. While all in all concludes Rakuten as a reliable and very attractive broker to trade with. The only thing you should be attentive with is to check the relevant information due to his own country of residence and under which branch the client will be trading, as the conditions may be slightly different.

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2 responses to “Rakuten Securities”

  1. Hi,

    Some Hongkong traders are offering 100:400 ratio for 10 days programme in India.

    Is trading official in India?

    Please advice.

    Kind regards,

    Minesh Shah,Mumbai

  2. From: Aftab Ahmed. London. UK
    06 February 2021

    Dear sir, I would be grateful if you could reply the following questions asap.

    1. For UK residents the regulations of Japan or UK will apply ?
    2. Do you tax any profits at source.
    3. What Leverage for trading Indices: WS30, Nasdaq, Germany 30; 1 contract BUY/SEL USD.
    Many thanks. aftab ahmed

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