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Rakuten Securities: An Overview
In this comprehensive review of Rakuten Securities, we will explore various aspects of this well-known broker, now referred to as Rakuten Securities. Rakuten Securities is part of the Rakuten Inc. group of companies, a conglomerate known for its diverse business ventures in e-Commerce, travel, banking, securities, e-money, marketing, and more. This review will delve into the broker’s history, global reach, regulatory status, client protection measures, leverage options, types of trading accounts, commissions and fees, trading platforms, minimum deposit requirements, and our overall assessment.
Rakuten Securities’ Background
Rakuten Securities began its journey into financial services in 1999 and has since evolved into a prominent brokerage company with a wide array of financial products. These products encompass stocks, commodities, bonds, investment funds, ETFs, Forex, and CFDs. The broker operates not only from its headquarters in Tokyo, Japan, but also maintains a presence in Hong Kong, Malaysia, and Australia.
Global Expansion
Rakuten Securities is not limited to the Japanese market; it has expanded globally and serves clients across Asia, Europe, America, and Oceania. This international reach underscores the company’s commitment to providing trading services to a diverse range of clients.
Regulation and Licenses
One of the critical aspects of any brokerage’s trustworthiness is its regulatory compliance. Rakuten Securities takes this seriously and is subject to stringent oversight by financial authorities in various jurisdictions. Here is a breakdown of the regulatory bodies governing different branches of Rakuten:
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Japan: Rakuten Securities is headquartered in Japan and authorized by the local Financial Services Agency (FSA). It is also a member of the Financial Futures Association and the Commodity Futures Association.
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Hong Kong: The Hong Kong branch of Rakuten Securities is authorized and regulated by the Securities and Futures Commission (SFC).
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Australia: The Australian subsidiary, Rakuten Securities Australia (RSA), operates under the regulation of the Australian Securities and Investments Commission (ASIC).
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Malaysia: The Malaysian branch is authorized by the Securities Commission of Malaysia (CMSL).
These regulatory affiliations ensure that Rakuten Securities adheres to established industry standards and provides a secure environment for clients.
Client Protection
Rakuten Securities goes the extra mile to protect its clients. Client funds are segregated in separate accounts from the company’s funds. Additionally, the broker participates in a compensation fund, which provides an additional layer of protection in case of the broker’s insolvency. This commitment to safeguarding clients’ interests is a crucial aspect of choosing a reliable broker.
Leverage Options
Leverage is a vital tool for traders, and Rakuten Securities offers varying levels of leverage depending on the branch and jurisdiction. For instance, Japanese and Australian branches provide leverage of up to 1:400 on Forex instruments, while other branches may offer a maximum leverage of up to 1:100 for major Forex currency pairs. It’s important to be aware of the specific leverage available in your chosen jurisdiction.
Trading Account Variety
Rakuten Securities caters to the diverse needs of traders and clients by offering a wide range of trading accounts. It’s important to note that the terms and offerings may vary depending on the jurisdiction. For example, the Australian branch offers two types of accounts with differences in spreads and leverage. To avoid confusion, always refer to the official website of the broker for jurisdiction-specific details.
Commissions and Fees
Rakuten Securities utilizes pricing technology directly from Tokyo, allowing for larger orders and competitive prices in global markets. The broker does not charge a commission but instead offers a fixed spread. It’s worth noting that spreads may widen during periods of low liquidity. Below, you can find the average spread offered by Rakuten for comparison with other brokers.
Trading Platforms
Rakuten Securities offers a variety of trading platforms, with the specific platform available depending on your jurisdiction. Here’s an overview of the platforms you may encounter:
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MetaTrader 4: This renowned platform is available in Australia and provides a high-performance trading experience. It offers extensive charting tools, technical analysis capabilities, and a customizable interface.
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Rakuten FX: Offered in Hong Kong, this user-friendly platform ensures fast order execution with low trading costs. It features a narrow fixed spread and no additional commissions.
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iSPEED: In Malaysia, clients can access the market platform via the iSPEED app or web terminal, providing efficient control over trading operations from an online account.
Minimum Deposit
Starting your trading journey with Rakuten Securities is accessible to traders of all levels, thanks to a minimum deposit requirement of just $50. However, it’s advisable to consult with your broker to ensure you have adequate margin for your chosen trading instrument and volume.
Conclusion: Is Rakuten Securities Worth Considering?
In conclusion, Rakuten Securities is an internationally recognized broker that offers professional services and continually enhances its offerings. With its diversified portfolio and highly regulated branches, the broker provides a secure trading environment. The variety of account types, fixed spreads, trading platforms, and advanced tools make it an attractive choice for investors and traders.
However, it’s crucial to note that conditions may vary depending on your country of residence and the branch you intend to trade with. Always verify the relevant information before proceeding.
We encourage you to share your personal experiences and opinions about Rakuten Securities, and you can also read reviews and check the broker’s rating in the Forex community.
General Information about Rakuten Securities
- Broker Name: Rakuten Securities
- Year of Foundation: 1999
- Headquarters: Japan
- Regulation: ASIC, FSA, SFC, and CMSL
- Trading Platform: MT4
- EURUSD Spread: 0.5 points
- Demo Account: Yes
- Minimum Deposit: $50
- Base Currencies: USD, EUR, GBP, AUD
- Maximum Leverage: 1:400
- Assets: Currency pairs, precious metals, CFDs
- Deposit Methods: Bank Transfers, Debit/Credit Cards, Skrill, Neteller, China UnionPay, Bitcoin
- Withdrawal Fee: $25
- Inactivity Fee: No
- Islamic Accounts: Yes
- Segregated Account: Yes
- PAMM Accounts: No
- Affiliate Account: Yes
- Scalping: Yes
- Automated Trading: Yes
- Mobile Trading: Yes
- Web Terminal: No
- Social Trading: Yes
- Signals: Yes
- VPS: No
- Deposit Bonus: No
- Contests: No
- 24/7 Support: No
