Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Rakuten Trade, A new online trading platform

views
     
Cubalagi
post Apr 13 2020, 03:41 PM

Look at all my stars!!
*******
Senior Member
4,486 posts

Joined: Mar 2014


QUOTE(Kar Weng @ Apr 13 2020, 02:54 AM)

May I know what is your primary trading account?
*
My main account is CGS Cimb itrade, which has global trading.
Cubalagi
post Apr 18 2020, 12:28 AM

Look at all my stars!!
*******
Senior Member
4,486 posts

Joined: Mar 2014


QUOTE(DiaoMao @ Apr 17 2020, 11:31 PM)
Thanks all sify for  replying me~~going to start buy my 1st stock in my life~~~
*
Good luck!
Cubalagi
post Apr 22 2020, 11:30 AM

Look at all my stars!!
*******
Senior Member
4,486 posts

Joined: Mar 2014


QUOTE(Kar Weng @ Apr 22 2020, 12:58 AM)
Other than the ability to trade US stocks (I assume so since you mentioned global trading), what are the benefits of CIMB iTrade compared to Rakuten?

What are the trading fees like in the 1k-9.999k and 10-50k tier?
*
Not just US stocks, but SG and HK.

My trading fee is 0.1% for Bursa and a crazy high of 0.42% for foreign.
Cubalagi
post Apr 22 2020, 11:33 AM

Look at all my stars!!
*******
Senior Member
4,486 posts

Joined: Mar 2014


QUOTE(Kar Weng @ Apr 22 2020, 08:26 AM)
Hey everyone, just being genuinely curious here. So we all know that short-selling has been suspended by Bursa temporarily until April 30th.

I’ve never done a short-sell all my life. I wrongly thought that maybe doing intraday trade without waiting for the T+2 settlement means it’s a short-sell. Just to be sure I remember calling Rakuten Trade to ask if there’s any changes I should be aware of when short-selling was suspended. The person on phone told me RT has never offered any feature to perform short-selling.

Since it seems like a popular phenomenon in Malaysia, so much so that it required a temporary suspension, what are the brokerage platforms that offer such service? Does most banks (like cimb itrade, HLe broking etc) offer this? Or is it something rather rare?

Do note that I’m not interested to do it or encouraging anyone to do it here, just something I’m wondering. Hope someone can enlighten me. Thanks!
*
A few brokers offer it. I know M Securities and CGS Cimb offer it.

https://www.itradecimb.com.my/index.php?ch=...a_notice&ac=591

Cubalagi
post Apr 26 2020, 05:43 PM

Look at all my stars!!
*******
Senior Member
4,486 posts

Joined: Mar 2014


QUOTE(newtraderguy @ Apr 26 2020, 05:12 PM)
Hi guys im really having a problem with Rakuten.

I have emailed them COUNTLESS times, NO REPLY. I CALLED many TIMES, NO ANSWER , even waitied for 20minutes and the line got cut off.

I bought 10,000 air asia shares around rm8,800.

And sold it at a loss on 23rd april 2020.

BUT I STILL HAVE NOT RECEIVED my BALANCE OF RM7,700 into my trading account.

This is one of the worst online trading platform i have ever used.
*
23rd April is Thursday. T+2 settlement means the cash should only come in on Monday 27th April because the weekends don't count.



Cubalagi
post Apr 29 2020, 04:05 PM

Look at all my stars!!
*******
Senior Member
4,486 posts

Joined: Mar 2014


QUOTE(Ivan113 @ Apr 29 2020, 03:16 PM)
how do you enable the global trading though? I could only see Malaysia Equities

ps: I just signed up to that itrade thing
*
U have to fill up new forms and declarations. I think it's available on the website or you can email and ask for it. I then submitted them to the HQ. The nextt few days, global trading was activated.
Cubalagi
post May 31 2020, 08:45 AM

Look at all my stars!!
*******
Senior Member
4,486 posts

Joined: Mar 2014


QUOTE(rocketm @ May 31 2020, 04:51 AM)
Hi guys,

Do we need to report dividend received during ur income tax submission. Anyone can explain how to get the figure? Is it report under other income or as the main income in the tax submission?
*
Dividends from Malaysian stocks are tax exempt (or more accurately tax has already been paid under the single tier tax system) . I don't report it.
Cubalagi
post Aug 5 2020, 08:16 AM

Look at all my stars!!
*******
Senior Member
4,486 posts

Joined: Mar 2014


QUOTE(abcn1n @ Aug 4 2020, 12:51 PM)
Anybody can help?
*
Bonus should be auto. What counter is this?
Cubalagi
post Feb 3 2021, 08:17 AM

Look at all my stars!!
*******
Senior Member
4,486 posts

Joined: Mar 2014


QUOTE(anon118 @ Feb 3 2021, 07:47 AM)
erm, please excuse my ignorance and correct me if I'm wrong. I remember I read somewhere saying that Rakuten is in the Securities Commission ("SC") or BNM "warning list"? or something like that.

Not sure if that is still valid or if this is the same Rakuten?

Since I'm already posting... wondering also, can this Rakuten trade US Stocks?
*
1.Rakuten is licensed by SC. So it won't be on warning list.

2. No
Cubalagi
post Nov 29 2023, 06:38 PM

Look at all my stars!!
*******
Senior Member
4,486 posts

Joined: Mar 2014


QUOTE(Matatai @ Nov 28 2023, 05:09 PM)
Let's say if I sell, how long do I need to wait for it to be reflected on my account?
*
Bursa is T+2 settlement.

If sell on 28th, cash should come in on 30th, tomorrow.


 

Change to:
| Lo-Fi Version
0.0464sec    1.24    7 queries    GZIP Disabled
Time is now: 1st December 2025 - 03:24 PM