Company Background
History & Foundation
Rakuten Securities is part of the Rakuten group and started in 1999. Today, it's one of the biggest names and leading online trading brokerages all over Japan, offering complete services in forex, stocks, commodities, and indices.
Mission and Vision
The company's mission is to serve and bring an array of trading solutions that are more accessible to all investors. It also aims to be a global leader in financial services through the use of technology and a customer-centric approach.
Worldwide Reach
With effectiveness coming from its Japan headquarters, it serves several million users spread across various regions in Asia and the Pacific. It provides local contact and support for a wide variety of languages.
Merits and Demerits of the Company
Strengths
- Low payout threshold.
- Paid in cash, not in points or gift cards.
- Thousands of popular merchants.
- Robust affiliate program for referring users.
- Earn cashback on in-store purchases, too.
Weaknesses
- Offers may not track correctly.
- Occasional in-app technical errors.
- In-app browser can be slow at times.
- Must activate in-store offers one by one.
Security and Regulation
Licenses
It is regulated by the strict standards of the FSA in Japan and provides security to clients on a platform for financial trading.
Segregation of the Fund and Insurance
Funds must be credited to their liable banks after receipt and are kept entirely separate from any potential insolvency of the company. Investors fall within those categories covered by compensation schemes laid down by Japanese law.
Tradable Instruments
Forex Pairs
Trade in over 40 different kinds of forex pairs, including major and minor pairs, and take advantage of the competitive bid-ask spread and the great liquidity offered by Rakuten Securities.
Commodities
Trade in popular commodities such as gold, silver, and crude oil if you are looking to open diversification opportunities.
Indexes
Witness CFD (contract for differences) on some of the most traded indices like NASDAQ, S&P 500, and Nikkei 225 with very tight spreads on a market-leading trading platform.
Share in Stocks
Enjoy real stock investing as well as contract for difference trading over some of the globe's stock markets—one of the perfect opportunities for both short-term and long-term trading.
ETFs
It offers a comprehensive range of ETFs that enable diversified portfolio management across sectors and geographies.
Accounting
Cash Upfront
| Minimum deposit | 0 |
|---|---|
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:30 |
Contra
| Minimum deposit | 0 |
|---|---|
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:30 |
RakuMargin
| Minimum deposit | 0 |
|---|---|
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:30 |
Rates and Charges
Spreads and Commissions
Spreads come with trade, but the starting point is 0.5 pips from forex pairs with the Standard Account. Following trade in indices and derivatives, there are minute commissions depending on the market and volume of transactions.
Swap Rates
A trader will be charged overnight, and this fee shall be determined depending on how much the client is going to trade. Islamic accounts are not offered at the moment.
Lapses of Imposed Inactivity Fees
Lapses of dormant accounts for a considerable period are subject to a fee if failed to renew the terms in time at the broker's place.
Trading Platforms
| Available tools | Forex, ETFs, Stocks, CFDs |
|---|---|
| CFD | Forex: 39 ETFs: 19 Stocks: 56 |
MetaTrader 4
Rakuten supports the Marvellous MT4 as a trading platform that comes complete with all the perfections in the system—like advanced efficient charting, expert advisors, and automated trading.
Proprietary Trading Platform
It claims to have its trading platform, which is much enriched due to its intuitive navigation capabilities for efficient market analysis needed by either retail or institutional clients.
Trading Apps
Rakuten Securities has some iOS and Android mobile apps where traders can easily follow, execute trades, and manage their accounts on the go.
Customer Support
How to Open: Registration
For those who are going to perform trading by opening an account under Rakuten Securities, visit the site, follow the portal, and submit necessary documents with the registration form.
Verification Requirements
Right adherents of Legal Regulations issued by FSA: an ID from the government or a passport is all it takes to prove identity. Address verification, on the other hand, will entail submitting a utility bill or a bank statement.
Deposits and Withdrawal
Payment Modes
Rakuten Securities operates payment systems such as bank transfers, credit or debit cards, and electronic wallets like PayPal, as well as Skrill.
Time Required for Settlement
Instant deposits but may take from one to five business days in case of withdrawal, which time depends on the type of payment used.
Costs
Most payments and collections have no charges associated with them; however, there may be instances in which some service providers request transaction costs paid by clients—the broker's website provides a detailed report on this.
FAQ
Is The Broker Regulated?
Rakuten Securities is regulated and licensed according to the strict rules of the Japan Financial Services Agency (FSA), thus ensuring that all financial standards are observed within its boundaries.
Which platforms can I use for trading?
At Rakuten Securities, traders could use MetaTrader 4, a platform provided by the proprietary dealer, and apps for iOS and Android users.
How Much Is Needed to Open An Account?
The account type is first determined by the nature of the client and ultimately ends in a minimum deposit, with $100 for Class A accounts, but in general, it should be capped at the start of $100.
What Types of Accounts Does the Broker Offer?
Rakuten Securities offers accounts as per customer needs, including Standard, Premium, Corporate, and Demo accounts.
What Are the Charges and Commissions?
The charges will be in the form of spreads, commissions on stock trade, swap rates held overnight, and inactive trading costs for dormant accounts.
What's the Maximum Leverage Given?
Retail traders can leverage up to 1:30 as regulation permits. On the other hand, the accessible level of maximum leverage may be high for professional clients.
Are demo accounts offered to clients?
Yes, by developing demo accounts for them with 'play-cash' or money for practicing and fine-tuning successful investment strategies.
How Do I Contact Customer Service?
Via live chat, email, and telephone during business hours; customer service is multilingual.