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Score

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The WikiFX Score of this broker is reduced because of too many complaints!

Rakuten Securities

Australia|15-20 years|
Retail Forex License|High potential risk|

https://sec.rakuten.com.au/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

RakutenSecuritiesHK-Live

Australia
MT4
17

Capital Ratio

Good

Capital

$ 151,124,031 (USD)

Influence

AAA

Influence index NO.1

Japan 9.97
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

17
Server Name
RakutenSecuritiesHK-Live MT4
Server Location Australia

Capital Ratio

Capital Ratio

Good

Capital

$ 151,124,031 (USD)
Ranking in Japan: 51 /407
316.1%
安全的

Influence

Influence

AAA

Influence index NO.1

Japan 9.97

Surpassed 76.40% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+61 2 9247 2483
cn.support@sec.rakuten.com.au
https://sec.rakuten.com.au/
Level 11, 8 Spring Street Sydney NSW 2000, Australia

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

More

Danger

ID BAPPEBTI
2022-02-02

Sanction

JP FSA
2009-03-24

Warning

JP FSA
2005-11-16
Rakuten Trust
SMBC

Contact number

English

+61 2 9247 2483

English

+61 281034890

Other ways of contact

Broker Information

More

Company Name

Rakuten Securities Australia Pty Ltd

Abbreviation

Rakuten Securities

Platform registered country and region

Australia

Number of employees

Company website
Twitter
Facebook
YouTube
Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts
Previous Detection : 2024-11-01
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
A Visit to Rakuten Securities in Japan -- Office Confirmed Existed

A Visit to Rakuten Securities in Japan -- Office Confirmed Existed

The investigators went to visit the dealer Rakuten Securities in Tokyo, Japan as planned. The dealer’s logo can be found on the publicly displayed address, indicating that the dealer has a real business place. Unfortunately, the investigators failed to enter the company for further visit, so the specific scale of the business remains unknown. Investors are asked to make a sensible choice after car

Good Rakuten Securities Japan
Visiting Rakuten Securities in Australia

Visiting Rakuten Securities in Australia

The company holds a full licence from the Australian ASIC (No. 418036), a retail forex licence from the Financial Services Agency of Japan (No. 5010701021660) and a leveraged forex trading license from Hong Kong SFC. What’s worth noting, the broker was awarded the “CAPITAL Merits of Achievements in Forex Services” by the Capital magazine in 2016 in recognition of its high quality forex trading ser

Good Rakuten Securities Australia
A Visit to Rakuten Securities in Japan -- Office Confirmed Existed

A Visit to Rakuten Securities in Japan -- Office Confirmed Existed

The investigators went to visit the dealer Rakuten Securities in Tokyo, Japan as planned. The dealer’s logo can be found on the publicly displayed address, indicating that the dealer has a real business place. Unfortunately, the investigators failed to enter the company for further visit, so the specific scale of the business remains unknown. Investors are asked to make a sensible choice after car

Good Rakuten Securities Japan
Visiting Rakuten Securities in Australia

Visiting Rakuten Securities in Australia

The company holds a full licence from the Australian ASIC (No. 418036), a retail forex licence from the Financial Services Agency of Japan (No. 5010701021660) and a leveraged forex trading license from Hong Kong SFC. What’s worth noting, the broker was awarded the “CAPITAL Merits of Achievements in Forex Services” by the Capital magazine in 2016 in recognition of its high quality forex trading ser

Good Rakuten Securities Australia

WikiFX Verification

Rakuten Securities · WikiFX Survey
Good A Visit to Rakuten Securities in Japan -- Office Confirmed Existed
Japan

Risk Management

Updated Time 2024-10

Average margin deposit rate

Average margin deposit rate(%)

Proportion of unsold orders

Ratio of unsold orders(%)

Hedging Trading

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Rakuten Securities · Company Summary

Rakuten Securities Review Summary in 10 Points
Founded 1999
Headquarters Tokyo, Japan
Regulation ASIC, FSA, SFC
Market Instruments forex, stock indices and metals
Demo Account Available
Leverage 30:1 for retail/400:1 for pro
EUR/USD Spread 0.5 pips
Trading Platforms MT4
Minimum deposit $50
Customer Support 24/7 live chat, phone, WhatsApp, email

What is Rakuten Securities?

Rakuten Securities is a subsidiary of Rakuten Group, a Japanese electronic commerce and online retailing company. Rakuten Securities is a financial services provider that offers online trading services for forex, commodities, indices, and stocks. The company was founded in 1999 and is headquartered in Tokyo, Japan. Rakuten Securities operates in several regions, including Japan, Hong Kong, Malaysia and Australia.

Rakuten Securities website

Pros & Cons

Rakuten Securities is a reputable broker with many advantages, such as user-friendly MT4 trading platform, advanced charting and analysis tools, and low fees for certain services. However, there are also some potential drawbacks to consider, including limited product portfolios and trading platform options. As with any broker, it's important to carefully weigh the pros and cons before deciding whether or not to use their services.

Pros Cons
• Low fees and commissions • Limited product portfolio
• Regulated by ASIC, FSA, SFC • Limited research and educational tools
• User-friendly MT4 trading platform • Not available for US clients
• Efficient customer service • Limited trading platform options
• Advanced charting and analysis tools available

Note: These pros and cons are subjective and may not be exhaustive. Different users may have different experiences and opinions.

Rakuten Securities Alternative Brokers

There are many alternative brokers for Rakuten Securities depending on the specific needs and preferences of the trader. Some popular options include:

  • Interactive Brokers: A US-based broker that offers low commissions and access to a wide range of financial instruments, including stocks, options, futures, and forex.

  • Saxo Bank: A Danish investment bank that offers a range of trading products and platforms, including forex, stocks, options, futures, and bonds.

  • TD Ameritrade: A US-based broker that offers a user-friendly trading platform and access to a variety of investment products, including stocks, options, futures, and forex.

  • Swissquote: A Swiss-based broker that provides access to a wide range of financial products, including forex, stocks, options, and futures.

  • Oanda: A global forex broker that offers competitive spreads, low trading costs, and access to a variety of trading platforms and tools.

Is Rakuten Securities Safe or Scam?

Rakuten Securities is a subsidiary of the Rakuten Group, a well-known Japanese company with a strong reputation. It is also regulated by several financial authorities, including the Japanese Financial Services Agency (FSA), the Australian Securities and Investments Commission (ASIC), and Hong Kong Securities and Futures Commission (SFC). This suggests that Rakuten Securities is a legitimate broker.

How are you protected?

Protection Measure Description
Regulatory Oversight ASIC, FSA, SFC
Segregated Accounts protect client funds in the event of insolvency or other financial difficulties
SSL Encryption protect client data and transactions from unauthorized access or interception
Two-Factor Authentication provides an extra layer of security by requiring a second form of authentication
Risk Management Tools such as stop-loss orders and limit orders, which can help clients manage their exposure to market risk and limit potential losses

It's important to note that while these measures can help mitigate risks for clients, no trading or investment platform can guarantee complete protection against all potential risks and losses.

Our Conclusion on Rakuten Securities Reliability:

Based on the information provided regarding the regulation, safety measures, and overall reputation of Rakuten Securities, it can be concluded that the broker is a reliable and trustworthy option for traders. However, as with any investment, there are always risks involved, and traders should conduct their own due diligence before investing with any broker.

Market Instruments

Rakuten Securities provides traders with some popular financial tradable instruments, mainly forex, stock indices and metals. Other asset classes such as commodities and cryptocurrencies are not available.

Accounts

In total, you can open one of four distinct accounts with Rakuten Securities. The Retail Account, the Pro 1 Account, the Pro 2 Account, and the Pro VIP Account. The minimum deposit is $50 for the Retail Account, the Pro 1 Account, the Pro 2 Account, and $1,000 for the Pro VIP Account. Free demo accounts are also available.

People interested in opening a forex trading account must first complete the registration process. When you apply for an account with Rakuten Securities, you'll be asked a series of questions designed to provide the broker with all the information they need to get started.

Account Types

Demo Account

The Rakuten Securities demo account is funded with virtual currency and given access to the MetaTrader4 platform. The demo account will include the following capabilities:

• More than 50 products (Forex, Metals, and Indices) tradable;

• Real-time spreads, rapid execution, and leverage of up to 30:1 for Retail and 400:1 for Professional clients;

• Demo accounts utilize the identical price feed as our live MT4 platform;

• Practice trading with your mobile device and computer.

demo account

How to open an account with Rakuten Securities?

Rakuten Securities account opening is easy and fully digital. The online application takes roughly 10-15 minutes, and the account approval took one business day.

Step 1: Visit Rakuten Securities website and click “OPEN LIVE ACCOUNT”. Navigate to the Rakuten Securities website's account registration section. This is accessible by clicking the Begin trading link at the top of the landing page.

Step 1: click OPEN LIVE ACCOUNT“

Step 2: Complete the brief online registration form to apply for a live trading account. You must include your name, title, last name, birth date, country of residence, nationality, email address, and mobile number.

Step 2: fill in personal details

Step 3: Complete the form by entering the requested address, cell phone number, and postal code.

Step 3: fill in address details

Step 4: Provide information such as employment status and financial information, and complete a brief questionnaire on your trading experience.

Step 4: fill in other details

Step 5: Select the swap type for trading as well as the account's currency. Read and accept the disclaimer, then click Next to proceed.

Step 5: choose your account

Step 6: Upload a photograph of your passport, driver's license, or national id card, together with your proof of address (within the last 6 months). Additional material can be uploaded to support the application for Rakuten Securities. Click Submit to apply.

Step 6: fill in ID

Leverage

Leverage is 1:30 for major currency pairs, 1:20 for minors, 1:10 for commodities, 1:2 for cryptocurrencies, and 1:5 for stocks. While up to 1:400 for professionals.

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

Rakuten Securities offers tight, commission-free fixed spreads. The broker's pricing originates directly from its headquarters, which has access to an extensive network of top-tier liquidity providers, allowing clients to trade with competitive spreads on the global market. As a result, the average spread for major currency pairs such as EUR/USD is 0.5 pips.

spreads

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commission
Rakuten Securities 0.5 pips $0
Interactive Brokers 0.1 pips $0.20 per 1,000 traded
Saxo Bank 0.6 pips $0
TD Ameritrade 1.3 pips $0
Charles Schwab 1.2 pips $0
E*TRADE 1.3 pips $0

Note that the commission structure for Interactive Brokers is based on a tiered system, where the commission per 1,000 traded decreases as the volume traded increases. The above commission rate is for clients trading less than 300,000,000 USD notional per month. Additionally, brokers may have different spreads and commissions for other currency pairs and trading instruments.

Trading Platforms

Rakuten Securities offers traders the flexibility to choose from the market-leading and highly acclaimed MT4 trading platform and MT4 for Android, MT4 for iOS, and MT4 for Windows. MT4 is the ideal platform for the forex trading industry, with an intuitive user-friendly interface, robust data analysis, and technical indicator tools. MT4 allows traders of all levels to develop appropriate trading strategies to help them get ahead in the financial markets. Rakuten Securities offers a social trading service through MyFXBook, a third-party service provider. This service allows traders to copy others' trades.

MT4

Overall, Rakuten Securities' trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Broker Trading Platform
Rakuten Securities MetaTrader4
Interactive Brokers Trader Workstation
Saxo Bank SaxoTraderGO
TD Ameritrade thinkorswim
Charles Schwab StreetSmart Edge
E*TRADE Power E*TRADE

Note: This table only includes the primary trading platform offered by each broker. Some brokers may offer additional platforms with different features or functionality.

Deposits & Withdrawals

Rakuten Securities welcomes various convenient deposit and withdrawal methods, mainly NAB, credit/debit cards (VISA/MASTERCARD), POLi, NETELLER, Skrill, China Union Pay, Instant Transfers, and TransferWise.

payment methods

The minimum deposit required to open an account is 50 units of your base currency.

Rakuten Securities minimum deposit vs other brokers

Rakuten Securities Most other
Minimum Deposit $50 $100

NAB withdrawals are charged A$25.00, $25.00, €20.00 or £15.00. The domestic AUD Withdrawal fee will be waived. Traders who withdraw funds via NETELLER & Skrill are subject to a 2% fee. While other deposits and withdrawals are free of charge.

Regarding deposit currencies, you can add funds to your account using the US dollar (USD), the Australian dollar (AUD), the Euro (EUR), or the British pound (GBP) (GBP). You may open many accounts, each of which can be funded with a different currency. When you fund your account for the first time, you must select one of the four base currencies. Traders who deposit in non-listed currencies, such as ZAR/Rand, may suffer conversion fees.

Rakuten Securities Money Withdrawal

To withdraw funds from Rakuten Securities, you can follow these steps:

Step 1: Log in to your Rakuten Securities account.

Step 2: Click on “Withdrawal” under the “My Page” section.

Step 3: Select the account you wish to withdraw funds from.

Step 4: Enter the amount you wish to withdraw.

Step 5: Choose your preferred withdrawal method (bank transfer or credit card).

Step 6: Fill in the necessary information for your chosen withdrawal method.

Step 7: Submit your withdrawal request.

Note that Rakuten Securities may require additional verification documents before processing your withdrawal request, and processing times may vary depending on the chosen withdrawal method.

Fees

Rakuten Securities charges various fees related to inactivity fee, currency conversion fees, and overnight financing fees. Here are some of the fees:

  • Inactivity fee: Rakuten Securities charges an inactivity fee if the account is not used for trading or does not have any open positions for a certain period of time. The fee amount and the inactivity period vary depending on the type of account.

  • Currency conversion fees: Rakuten Securities charges a currency conversion fee for trades that involve currency conversion. The fee amount depends on the currency pairs being traded and the currency conversion method used.

  • Overnight financing fees: Rakuten Securities charges overnight financing fees for holding positions overnight. The fee amount varies depending on the instrument being traded.

It's important to note that the fee structure and fee amounts may change over time. Clients should check Rakuten Securities' website or contact their customer support for the latest fee information.

See the fee comparison table below:

Broker Deposit Fee Withdrawal Fee Inactivity Fee
Rakuten Securities Free Free $35/month after 1 year of inactivity
Interactive Brokers Free (certain methods) $1 per withdrawal $10/month after 3 months of inactivity
Saxo Bank Free Free (certain methods) €100 after 6 months of inactivity
TD Ameritrade Free Free $0
Charles Schwab Free Free (certain methods) $0
E*TRADE Free Free $0

Note: Fees may vary based on account type, country of residence, and other factors. It's important to check with the broker directly for the most up-to-date fee information.

Customer Service

Rakuten Securities provides customer service to its clients through multiple channels, including phone, WhatsApp, email, and live chat. The customer support team is available 24/7 and is known for its prompt response times and helpfulness. You can follow them on some social networks such as Twitter, Facebook, YouTube, LinkedIn.

Customer Service

In addition to traditional customer service methods, Rakuten Securities also offers a comprehensive online Help Center on its website. This includes a variety of resources and educational materials, such as video tutorials, FAQs, and a glossary of trading terms.

FAQ

Overall, Rakuten Securities has a strong reputation for its customer service, with many clients praising the company for its helpful and knowledgeable support staff.

Pros Cons
• 24/7 customer support • Limited phone support in some regions
• Multilingual support
• Email and phone support • No dedicated account manager
• Online help center with extensive resources • No physical branch locations
• Active social media presence • No support for social trading platforms

Note: The pros and cons listed may vary based on the region and specific services offered by Rakuten Securities.

Education

Rakuten Securities provides educational resources for traders through its website. The broker offers various educational materials, including articles, tutorials, webinars, and videos.

The articles cover a range of topics, including technical analysis, fundamental analysis, trading strategies, and risk management. The tutorials and videos cover the basics of trading and the features of the broker's trading platform.

The webinars are conducted by industry experts and cover a variety of topics, including market analysis, trading strategies, and risk management. They are free for clients and non-clients of Rakuten Securities.

Overall, Rakuten Securities offers a decent range of educational resources for traders of all levels. However, educational materials could be more organized and easier to navigate.

Conclusion

Based on the information available, Rakuten Securities appears to be a reputable online broker with a wide range of investment options and advanced trading platforms. The company is regulated by several major financial authorities, providing a level of security for clients' funds. Rakuten Securities offers competitive pricing with low spreads and no hidden fees. Additionally, the broker offers extensive educational resources and responsive customer support. Overall, Rakuten Securities is a solid choice for traders looking for a reliable and comprehensive brokerage service.

Frequently Asked Questions (FAQs)

Q 1: Is Rakuten Securities regulated?
A 1: Yes. It is regulated by ASIC, FSA, and SFC.
Q 2: Does Rakuten Securities offer demo accounts?
A 2: Yes.
Q 3: Does Rakuten Securities offer the industry-standard MT4 & MT5?
A 3: Yes. Rakuten Securities supports MT4.
Q 4: What is the minimum deposit for Rakuten Securities?
A 4: The minimum initial deposit to open an account is $50.
Q 5: Is Rakuten Securities a good broker for beginners?
A 5: Yes. Rakuten Securities is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.

News

Rakuten Securities Soars to 11 Million Accounts

NewsRakuten Securities Soars to 11 Million Accounts

2024-04-17 11:12

Rakuten Securities hits a new milestone with over 11 million customer accounts, reflecting a significant interest in investment in Japan.

WikiFX
2024-04-17 11:12
News
Rakuten Securities Soars to 11 Million Accounts
Rakuten Securities Adds 74 Stocks, Including US and China-Listed Firms

NewsRakuten Securities Adds 74 Stocks, Including US and China-Listed Firms

2023-02-27 11:48

Rakuten Securities Inc, a Japanese online trading company, is planning to expand its trading instruments by adding stocks of 74 companies, including those from the US and China.

WikiFX
2023-02-27 11:48
News
Rakuten Securities Adds 74 Stocks, Including US and China-Listed Firms
Rakuten Securities Has Expands Trading Instruments

NewsRakuten Securities Has Expands Trading Instruments

2022-11-29 14:10

Rakuten Securities Inc, a Japanese FX broker, announced intentions to add a total of 54 equities to its portfolio of tradeable products.

WikiFX
2022-11-29 14:10
News
Rakuten Securities Has Expands Trading Instruments
Rakuten Securities and Mizuho Securities Form Strategic Capital Partnership

NewsRakuten Securities and Mizuho Securities Form Strategic Capital Partnership

2022-10-07 17:22

Rakuten Group, Inc. made the announcement that its consolidated subsidiary, Rakuten Securities Holdings, Inc., would be collaborating strategically with another company called Mizuho Securities Co., Ltd.

WikiFX
2022-10-07 17:22
News
Rakuten Securities and Mizuho Securities Form Strategic Capital Partnership

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