logo |

News

    Home   >     Industry    >     Rakuten Securities Australia    >     Main body

    Rakuten Securities Australia:Rakuten Securities claims that its regulation by ASIC will come into effect on March 29, 2021, but no specific regulation number is provided, which means that Rakuten Securities is currently an unregulated broker, and investors' trading activities and funds safety on the Rakuten Securities platform cannot be effectively protected. Investors should be careful to stay away from Rakuten Securities as a trader.

    Abstract:Rakuten Securities claims that its regulation by ASIC will come into effect on March 29, 2021, but no specific regulation number is provided, which means that Rakuten Securities is currently an unregulated broker, and investors' trading activities and funds safety on the Rakuten Securities platform cannot be effectively protected. Investors should be careful to stay away from Rakuten Securities as a trader.

      Basic Information & Regulators of Rakuten Securities

      Rakuten Securities Australia (RSA) is an index, metals, and CFD broker based in Tokyo, Japan, and is one of the major online traders in Japan, aiming to provide traders with competitive spreads, excellent customer service, and has over 2.6 million customers to date. The official website of Rakuten Securities shows the regulation by the Australian Securities and Investments Commission will be effective on March 29, 2021.

      Safety Analysis of Rakuten Securities

      Rakuten Securities claims that its regulation by ASIC will come into effect on March 29, 2021, but no specific regulation number is provided, which means that Rakuten Securities is currently an unregulated broker, and investors' trading activities and funds safety on the Rakuten Securities platform cannot be effectively protected. Investors should be careful to stay away from Rakuten Securities as a trader.

      Market Instruments of Rakuten Securities

      Rakuten Securities provides traders with popular financial tradable instruments, mainly popular Forex currency pairs, gold, silver, and index CFDs.

      Accounts & Leverage of Rakuten Securities

      Rakuten Securities offers investors 100x leverage Accounts/Standard Accounts and 400x Leverage Accounts. The minimum deposit for both accounts is $50, and the minimum trade size is 0.01 lots. 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.

      Spreads & Commissions of Rakuten Securities

      For 100x leveraged accounts, the EURUSD spread is 0.5 pips, GBPUSD spread at 0.8 pips, AUDUSD spread at 0.5 pips, USDJPY spread at 0.6 pips, XAUUSDspread at 1.5 pips, XAGUSD spread at 3.0 pips, AUS200 spread at 1.5 pips, and Germany30 spread at 0.6 pips. For 400x leveraged accounts, the EURUSD spread is 0.8 pips, GBPUSD spread at 1.1 pips, AUDUSD spread at 1.1 pips, USDJPY spread at 0.9 pips, XAUUSD spread at 1.9 pips, XAGUSD spread at 3.5 pips, AUS200 spread at 1.7 pips, and German30 spread at 0.8 pips. The overnight interest rate is -4.5 for EURUSD, -2 for GBPUSD, and -3 for AUDUSD. Rakuten trade does not charge trading commissions for trading on either account.

      Trading Platform Available of Rakuten Securities

      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 a simple and 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.

      Deposit and withdrawal of Rakuten Securities

      Rakuten Securities welcomes various convenient deposit and withdrawal methods, mainly NAB (domestic and international wire transfers), VISA, MASTERCARD credit/debit cards, NETELLER, Skrill, wire transfers. Traders who withdraw funds via NETELLER & Skrill are subject to a 2% fee.


    New Zealand Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    New Zealand Dollar
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.