wow they revised their contra account brokerage fees.

now both their cash upfront and contra account fees are the same.

interesting

and anyone aware that SST charges on brokerage starts today?

Does this applies to other broker as well?

if you are referring to the SST charges then yes.

effective from 1st March 2019

Two way as in during buy and sell?10%?

buy brokerage kena 6%
sell brokerage kena 6%

Can we apply for IPO using Rakuten cash account??
Has any one tried asking them? or applied for IPO through Rauten?

From what i know we need a CDS account to apply but Rakuten cash account is nominee account.

nope. nominees account cannot apply for IPO

im gonna rate this 7/10, 3 marks deducted because
1. whatsapp customer service didnt answer really well
2. customer support, malay staff sspeaking english to me like "errr...soo....erm..."then suddenly she said "boleh cakap bahasa inggeris tak."


but 7 marks goes to convenience although app owis need maintenance of 2 hours

Thanks. What other fees involved?

yes reocmmend rakutentrade too

SST only charge 6% on brokerages

I need some help. I don't think I understand how to read the buy/sell table

Like this one,
it says there are people out there looking to buy a total of 3,749,300 shares, offering RM1.020 for a share. But the best sell table says 1,300 shares are available for RM0.915?

So why don't the RM0.915 shares get sapu'd right away by those buyers right away? The offered sell price is lower than the offered buy price


Attached thumbnail(s)

This usually occurs during pre-opening, dont believe these figures as some are put there to make u happy or fear

pre opening and pre closing punya q ni..

Rakuten Trade launches revamped Contra 2.0 with lower brokerage fees

KUALA LUMPUR (March 6): Rakuten Trade Sdn Bhd has launched its revamped contra trading platform, Contra 2.0, with features aimed at improving investors' trading experience.

Speaking at its launch today, Rakuten Trade managing director Kaoru Arai said the platform features a reduction in brokerage fees as well as a Day Trade Rebate Programme, in response to requests from its clients.

The brokerage fees for the contra account now mirrors Rakuten Trade's Cash Upfront facility, with fees ranging between RM7 and a fixed maximum of RM100, compared to RM8 to 0.15% of trading value equal to and above RM100,000 previously.

Meanwhile, the Day Trade Rebate Programme offers a rebate on the 'sell' brokerage fees for investors who buy and sell the same counter, within the same day.

"Contra 2.0 is game-changing. It completely revolutionises the contra trading platform currently available.

"Our objective was to encourage more people to trade online and we believe that by keeping things simple such as reducing our brokerage fees and adding a Day Trade Rebate Programme on top of the current Contra Trading platform, we can do exactly that," said Arai.

He added that Rakuten Trade's trading platform currently has more than 27,000 accounts as at March 1, out of which more than 10% are contra account holders.

A contra account allows investors an extended spending limit based on the shares and/or cash placed as collateral. Depending on the shares the investor wants to buy, Rakuten Trade will extend a multiplier of up to five times more.




Source

https://www.theedgemarkets.com/article/rakuten-trade-launches-revamped-contra-20-lower-brokerage-fees

This post has been edited by Morales: Mar 6 2019, 05:09 PM

And member site - "crashed" this morning . Damn slow and lagging and intermittent access as market opened up today and then at 10am - they put a banner member site interruption.

Very disappointed with Rakuten Trade. Unable to log in since in the morning which resulted me to unable to sell at my preferred price.

Called up to their Custimer Service to place my sell order.

They should seriously look at improving their platform asap. This is not the first time happening.

Does Rakuten crash frequently? New investor here, trying to see if Rakuten works for me or not.

Dear Rakuten Trade fans, Our sincere apologies as our member site is temporarily unavailable. We are currently looking into the issue and will resume services as soon as possible. If you require assistance to sell your position, please contact our customer service at 1-800-88-6001. Again we sincerely apologise for the inconvenience caused.

Dear Rakuten Trade fans, Our sincere apologies as our member site is temporarily unavailable. We are currently looking into the issue and will resume services as soon as possible. If you require assistance to sell your position, please contact our customer service at 1-800-88-6001. Again we sincerely apologise for the inconvenience caused.