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 Rakuten Trade, A new online trading platform

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TSscrewedpeep
post May 18 2017, 03:19 PM, updated 9y ago

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A new online trading platform has been launched.

» Click to show Spoiler - click again to hide... «


They also launched ispeed.my mobile app, adding another to the abundance of mobile trading/stocks apps available out there.
QUOTE
Malaysia's first fully online trading platform, iSPEED.my, was launched today, and it aims to capture up to 30% of the country's retail market share in the next three years.

The mobile application platform was launched by Rakuten Trade Sdn Bhd, a joint venture (JV) between Kenanga Investment Bank Bhd and Japan-based Rakuten Securities Inc.


Launch promo: Free CDS account opening & brokerage fee waiver for first matched trade, from 18th May to 30th June 2017.
» Click to show Spoiler - click again to hide... «


*Currently Rakuten only offers Nominee Account. Which means can't apply IPOs with account registered under Rakuten. For attending AGM and companies annual reports, investors/traders shall contact their rep at 1800-88-6001

**For corporate actions, Rakuten Trade currently offer ZERO FEE charge. No confirmation if this is also part of launch promo.

***Account opening can now be made through its WEBSITE.

Note: Rakuten Trade is not an Islamic PO. For Islamic POs as listed by Securities Commission, please see attachment below.
Attached Image

This post has been edited by screwedpeep: May 20 2017, 12:27 AM
repusez
post May 18 2017, 05:23 PM

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currently only have cash upfront account and it's a nominee account which means cannot be use for applying IPO, not sure about can attend AGM or not

Normal Brokerage (via Web/ iSPEED.my)

⦁ Below RM1,000.00 = RM7.00 per transaction
⦁ Between RM1,000.00 to RM9,999.99 = RM8.00 per transaction
⦁ Between RM10,000.00 to RM99,999.99 = 0.10% of trading value
⦁ Equal / above RM100,000.00 = RM100.00 per transaction

Assisted Brokerage (via Customer Service: RM30.00 + Normal Brokerage)
⦁ Below RM1,000.00 = RM37.00 per transaction
⦁ Between RM1,000.00 to RM9,999.99 = RM38.00 per transaction
⦁ Between RM10,000.00 to RM99,999.99 = 0.10% of Trading value + RM30.00
⦁ Equal / Above RM100,000.00 = RM130.00 per transaction

Other Fees
⦁ Clearing Fee: 0.03% up to a maximum of RM1,000.00 per contract, plus 6% GST
⦁ Stamp Duties: RM1.00 for every RM1,000.00 in trading value (maximum amount of RM200.00 per contract)
⦁ CDS Fee: Account Opening RM10.00 per CDS plus 6% GST

they are having promo to waive the CDS account opening fee
⦁ Transfer of Securities: RM10.00 per counter, plus 6% GST
TSscrewedpeep
post May 18 2017, 05:43 PM

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» Click to show Spoiler - click again to hide... «

Competitive brokerage fee i could say.

But only nominee acc is a turn off. Any info the promo last until when?
contestchris
post May 19 2017, 12:21 AM

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I don't understand, what kind of benefit can they provide?

Maybank has a Direct CDS account (cash upfront) with RM8/0.1%, which is about as cheap as this and so much more convenient when transferring funds into and out of your trading account.

What is the selling point of this company? I heard the BFM interview with the Japanese Rakuten guy, and I was expecting much lower brokerage the way he was talking...but it's all just some wayang only. I'm totally comfortable with Maybank, plus they have a good trading portal (IE only) and pretty good research reports.
Dividend Magic
post May 19 2017, 10:38 AM

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Nominee account means they gona charge you extra when companies give dividends etc?
Ramjade
post May 19 2017, 10:44 AM

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QUOTE(Dividend Magic @ May 19 2017, 10:38 AM)
Nominee account means they gona charge you extra when companies give dividends etc?
*
Depends. Some brokers do, some don't. But if you are holding foreign stocks, usually you will kena charge (based on sg brokers)
reynold298
post May 19 2017, 10:58 AM

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try UOB kay Hian. More online trading tool eg. Stock Alert via mobile

Not Nominee account.

charges same as above...

They have FREE 3 months iVSA (Volume Spread Analysis done for you under their Screener.

FREE May -July 2017...

They have monthly education webinar in their Center also...

This post has been edited by reynold298: May 19 2017, 11:09 AM
TSscrewedpeep
post May 19 2017, 11:25 AM

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QUOTE(Dividend Magic @ May 19 2017, 10:38 AM)
Nominee account means they gona charge you extra when companies give dividends etc?
*
I enquired them regarding fee imposed on corporation action. They said they are currently offering zero fee for all corporation action. I will update the first post later to include this info.

To attend AGM and request for company annual report, need to give them a call.
TSscrewedpeep
post May 19 2017, 11:29 AM

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QUOTE(contestchris @ May 19 2017, 12:21 AM)
I don't understand, what kind of benefit can they provide?

Maybank has a Direct CDS account (cash upfront) with RM8/0.1%, which is about as cheap as this and so much more convenient when transferring funds into and out of your trading account.

What is the selling point of this company? I heard the BFM interview with the Japanese Rakuten guy, and I was expecting much lower brokerage the way he was talking...but it's all just some wayang only. I'm totally comfortable with Maybank, plus they have a good trading portal (IE only) and pretty good research reports.
*
Me neither. I only see advantage for those who always make transactions <1k. Other than that, pretty much on par with other platform.

They are proud of full fledge online platform. For opening nominee account, other brokers also provide fully online account opening right? hmm.gif
Dividend Magic
post May 19 2017, 11:39 AM

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If currently means a promo for few months then not worth it.. But if it's for life then I think its a good deal. DRP all can just let them handle.
ILoveLalat.net
post May 19 2017, 12:46 PM

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From my point of view, I feel that Rakuten for beginners is nothing better than say playing other brokers that offered a similar rate. For instance, if I would to fall into the category of RM1,000.01 to RM9,999.99, I'm playing RM8.

What is the point when MIBB Cash account or even say AmSecurities is offering RM6? I know it is just too much for me to say but I feel it would have been better if they could offer somewhere in the RM3-5 range. And even for the nominee CDS, this doesn't help further.

This post has been edited by ILoveLalat.net: May 19 2017, 06:28 PM
Bonescythe
post May 19 2017, 01:24 PM

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Flat rate rm100 for trade above 100k


Bonescythe
post May 19 2017, 01:24 PM

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So if u buy in 1m also fee rm 100
repusez
post May 19 2017, 03:30 PM

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http://www.thestar.com.my/business/busines...dscape-shakeup/

how many retail investor trade above 100K
Nikmon
post May 19 2017, 05:38 PM

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charges is not competitive and launch promotion not attractive, save the hassle and forget about it.....
contestchris
post May 19 2017, 06:13 PM

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QUOTE(ILoveLalat.net @ May 19 2017, 12:46 PM)
From my point of view, I feel that Rakuten for beginners is nothing better than say playing other brokers that offered a similar rate. For instance, if I would to fall into the category of RM1,000.01 to RM9,999.99, I'm playing RM8.

What is the point when MIBB Cash account or even say PIVB is offering RM6? I know it is just too much for me to say but I feel it would have been better if they could offer somewhere in the RM3-5 range. And even for the nominee CDS, this doesn't help further.
*
PIVB RM6? Are you sure? Can you give me more details?
ILoveLalat.net
post May 19 2017, 06:32 PM

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QUOTE(contestchris @ May 19 2017, 06:13 PM)
PIVB RM6? Are you sure? Can you give me more details?
*
My apologies, my bad. It's AmSecurities that is offering RM6 and not PIVB. PIVB is double at RM12.

You might want to call up the nearest brokerage or check them out before joining them.

This post has been edited by ILoveLalat.net: May 19 2017, 06:33 PM
wailam
post May 19 2017, 06:42 PM

Apa benda ini?
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Rakuten as in the Rakuten online shopping?
That Rakuten?
So what's the benefit?
chonghe
post May 19 2017, 09:41 PM

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not attractive. mplus >30k can give 0.05%, this is 0.1%
don't think they can grab 30% retail market
ketnave
post May 19 2017, 11:13 PM

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We shall see smile.gif

It's always good to have new player coming into the field smile.gif
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