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 Rakuten Trade, A new online trading platform

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RiriRuruRara
post May 18 2023, 04:46 PM

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QUOTE(xander2k8 @ Apr 30 2023, 03:10 PM)
I wouldn’t convert all at one go unless you know you are getting better rates 🤦‍♀️ anyway those FX spread you save no point because by the time you buy those US stocks with better spread already fly high and you missed out on the gains 🤦‍♀️
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QUOTE(sl3ge @ May 2 2023, 09:38 PM)
I think yes.
If u converted myr to usd, next time buy and sell it will always be in usd. No need convert again.
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wta I have already converted the money from myr to usd at the dashboard. Even after doing this when you buy and sell stock you still need to choose the US currency at the buy or sell page??? Bcs I see after making a trade I see my money have somehow turn back to myr???
xander2k8
post May 18 2023, 04:56 PM

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QUOTE(RiriRuruRara @ May 18 2023, 04:46 PM)
wta I have already converted the money from myr to usd at the dashboard. Even after doing this when you buy and sell stock you still need to choose the US currency at the buy or sell page??? Bcs I see after making a trade I see my money have somehow turn back to myr???
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When you buy and sell of course have to choose the currency 🤦‍♀️ and it is normal for any broker with MC feature 🤦‍♀️

Of course after you make the trade it will show RM in holdings with details of the trade of using USD will appear in the transaction statement 🤦‍♀️ go check the detailed transaction statement 🤦‍♀️
sai2
post May 21 2023, 03:08 PM

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Can i buy US stock in Ringgit(buy with convert fee), then later sell it in USD and store in USD wallet without any convert fee (sell no convert fee)?
OR if i buy in Ringgit, must sell in ringgit too ?

No USD now, plan to buy first US stock, then sell and save money in USD wallet for future US stock investment.




This post has been edited by sai2: May 21 2023, 03:16 PM
xander2k8
post May 21 2023, 08:39 PM

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QUOTE(sai2 @ May 21 2023, 03:08 PM)
Can i buy US stock in Ringgit(buy with convert fee), then later sell it in USD and store in USD wallet without any convert fee (sell no convert fee)?
OR if i buy in Ringgit, must sell in ringgit too ?

No USD now, plan to buy first US stock, then sell and save money in USD wallet for future US stock investment.
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Can because it is dual currency account but make sure when you sell select USD before you execute sell order
sai2
post May 22 2023, 01:29 PM

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i have several brokerage account with difference company.
Are they share the Same CDS account or Separate CDS account for difference company ?

xander2k8
post May 22 2023, 06:43 PM

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QUOTE(sai2 @ May 22 2023, 01:29 PM)
i have several brokerage account with difference company.
Are they share the Same CDS account or Separate CDS account for difference company ?
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Iinm it is seperate and you check it at Bursa Anywhere
gooroojee
post May 23 2023, 09:04 AM

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Is Rakuten down .. haven't been able to access since last night.. login on desktop also blank page mostly.
sai2
post May 23 2023, 12:54 PM

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Yesterday evening cannot process cash deposit, but later that night ok.


sai2
post May 23 2023, 01:42 PM

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newbie question about US stock
Apple Share $174.200
Quantity (Min 0.01)

If i enter quantity as "1" , how much i'm buying ?
$1.74 or $174.20 or $17,420.00

xander2k8
post May 23 2023, 02:36 PM

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QUOTE(sai2 @ May 23 2023, 01:42 PM)
newbie question about US stock
Apple Share  $174.200
Quantity (Min 0.01)

If i enter quantity as "1" , how much i'm buying ?
$1.74 or $174.20 or $17,420.00
*
1 means full unit 🤦‍♀️ 174.20 as US don’t use lots
sai2
post May 26 2023, 11:56 AM

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Cannot cash deposit from another bank, only the bank account that register in Rakuten setting can do cash deposit, is that normal ?

This post has been edited by sai2: May 26 2023, 11:57 AM
xander2k8
post May 26 2023, 01:43 PM

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QUOTE(sai2 @ May 26 2023, 11:56 AM)
Cannot cash deposit from another bank, only the bank account that register in Rakuten setting can do cash deposit, is that normal ?
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Yes because BNM and SC regulations 🤦‍♀️ same goes with other brokers as well
sai2
post May 26 2023, 01:53 PM

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QUOTE(xander2k8 @ May 26 2023, 01:43 PM)
Yes because BNM and SC regulations 🤦‍♀️ same goes with other brokers as well
*
How you solve that problem ?
By transfer money from other bank account to that rakuten register bank account, then FPX again to Rakuten ?
Any other simple way, like add a second bank etc ?
IBKR Singapore work the same way too ?



This post has been edited by sai2: May 26 2023, 01:54 PM
jhleo1
post May 26 2023, 01:54 PM

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Same goes with other brokers? Are you guy talk about deposit include FPX too? So far I can see such function in CGS-CIMB & BIMB Securities but can't do withdrawal in CGS-CIMB website (only manual withdrawal can be done).

QUOTE(xander2k8 @ May 26 2023, 01:43 PM)
Yes because BNM and SC regulations 🤦‍♀️ same goes with other brokers as well
*
xander2k8
post May 26 2023, 01:57 PM

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QUOTE(sai2 @ May 26 2023, 01:53 PM)
How you solve that problem ?
By transfer money from other bank account to that rakuten register bank account, then FPX again to Rakuten ?
Any other simple way, like add a second bank etc ?
IBKR Singapore work the same way too ?
*
Yes transfer to the registered account at Rakuten then FPX over

QUOTE(jhleo1 @ May 26 2023, 01:54 PM)
Same goes with other brokers? Are you guy talk about deposit include FPX too? So far I can see such function in CGS-CIMB & BIMB Securities but can't do withdrawal in CGS-CIMB website (only manual withdrawal can be done).
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Yes FPX but based on SC AMLA/CTFL only registered bank account because to prevent money laundering cases hence why only registered account
hedfi
post May 27 2023, 06:56 AM

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Anybody have issue with iSpeed taking a long time to load, it's very slow
xander2k8
post May 27 2023, 01:49 PM

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QUOTE(hedfi @ May 27 2023, 06:56 AM)
Anybody have issue with iSpeed taking a long time to load, it's very slow
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The usual weekly maintenance 🤦‍♀️ just wait for till Monday
hedfi
post May 27 2023, 06:31 PM

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QUOTE(xander2k8 @ May 27 2023, 01:49 PM)
The usual weekly maintenance 🤦‍♀️ just wait for till Monday
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Has been like that for months
xander2k8
post May 28 2023, 03:09 AM

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QUOTE(hedfi @ May 27 2023, 06:31 PM)
Has been like that for months
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Usually if US or any long weekends this maintainence period will happen
sl3ge
post May 29 2023, 09:06 PM

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I hope rakuten can come out the Regular Investment Plan,
which everymonth certain date will auto buy in our selected stock.

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