Here comes the new kid on the block.

It is known as Rakuten Trade, the first full-fledged online stockbroking firm in Malaysia. Leveraging on the cutting edge technology from Japan, Rakuten Trade aims to change the landscape of conventional trading activities in the Malaysian stock market today.

So, is this good news to us?

Firstly, I believe it is a good thing to retail customers like us. After all, heightened competition breeds competitiveness. Secondly, it depends on our personal reasons for buying and selling shares in the stock market. We would appreciate Rakuten Trade better if their products and services are compatible with our style of investing or trading in the stock market.

Here, I’ll share five things you need to know about Rakuten Trade before signing up with them. They include:

#1: Who is Rakuten Trade?

Rakuten Trade Sdn Bhd is a joint venture between Kenanga Investment Bank Bhd and Rakuten Securities Inc. Rakuten Securities Inc is Japan’s second largest online stockbroking firm with a clientele base of over two million people. 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.

#2: Lowest Brokerage Fees in Malaysia

As I write, the brokerage fees offered by Rakuten Trade is competitive and is easily calculated. Details:

 

No.

Trading Value (TV)Fee StructureAmount

1

Below RM 1,000

Flat Fee

RM 7

2

RM 1,000 – RM 9,999.99

Flat Fee

RM 8

3RM 10,000 – RM 99,999.99Variable Fee

0.10% of TV

4RM 100,000 and AboveFlat Fee

RM 100

Source: Rakutentrade.my

For instance, I intend to buy 1,000 shares of Airasia Bhd at RM 3.24 a share. My trading value is RM 3,240. Thus, my brokerage fee is RM 8. This excludes:

– 6% GST on the Brokerage Fee

– 0.03% of Clearing Fee

– Stamp Duties of RM 1 per RM 1,000 in Trading Value

I believe, traders would appreciate low brokerage fees more than investors. This is because traders have higher volume of transactions than investors as they buy and sell shares more frequently. Thus, if you are a trader, you may consider this a plus point to Rakuten Trade especially if your current broker is charging a higher brokerage fee.

#3: iSpeed.my

iSpeed.my is a mobile app developed by Rakuten Securities Inc. It provides free access to stock prices, research reports, and latest news headlines to all Malaysians, both clients and non-clients of Rakuten Trade.

However, if you are a Rakuten Trade customer, you will enjoy additional features of iSpeed.my. You can place orders to buy and sell shares, build a watch list of your favourite stocks, deposit and withdraw funds into and from your trading account. Essentially, it is quite handy as you can trade stocks with your smartphone anytime and anywhere at your convenience.

#4: Rakuten Trade Loyalty Programme

Rakuten Trade has forged alliances with three partners to form the Rakuten Trade Loyalty Programme. It is an initiative to reward you with Rakuten Trade Points (RT Points) for signing up as a new client, making trades, transfer shares from your previous broker, and refer friends to use Rakuten Trade as their trading platform. Suffice to say, RT Points can be exchanged for points under one of the three loyalty programmes. They include:

– AirAsia BIG

– B Infinite

– BonusLink

#5: Online Account Application

Today, I need to take a drive to a stockbroker’s office to open a CDS account. It is not the case for Rakuten Trade. You can open a Rakuten Trade Account online. If you are up for it, you need to prepare the following documents:

– Photocopy of your Identity Card (NRIC Front & Back)

– Bank statement from a bank incorporated in Malaysia

– Proof of corresponding address (utility bill, telco bill)

These documents are uploaded to Rakuten Trade online. Your application is processed as quickly as in two hours. Then, you can deposit money into your account and start trading stocks. For more information, you may check out the followings:

Website: Rakutentrade.my

Facebook: Rakuten Trade’s Facebook Page

AppStore: iSpeed.my

Google Play: iSpeed.my

Stock 101 Quiz


Ian Tai
Ian Tai

Ian Tai is the founder of Bursaking.com.my, a platform that empowers retail investors to build wealth through ownership of fundamentally solid stocks. It is an essential tool that sifts out stocks that grow profits consistently from a database of over 900+ stocks listed mainly in Malaysia.

    3 replies to "Rakuten Trade – Enhancing Your Stock Trading Experience in Malaysia"

    • Zah

      Can I buy singapore reits using rakuten trade?

      • KCLau

        Not at this moment. Can check with them directly on their website.

    • Lee Wan Yuen

      Hi Kc ,

      May i ask as a beginner , should invest US ETF or local malaysia ETF ?
      If i want to buy US ETF what account i should open ?
      It is Etoro is trusted website to buy and sell share ?
      should i invest in REITS ?
      What account i should open before i start to buy and sell share ?
      It is i can open myself in Rakuten website plafrom ?

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