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 Rakuten Trade, A new online trading platform

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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
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
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1 means full unit πŸ€¦β€β™€οΈ 174.20 as US don’t use lots
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 πŸ€¦β€β™€οΈ 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 ?
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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
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 πŸ€¦β€β™€οΈ just wait for till Monday
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
xander2k8
post May 30 2023, 05:41 PM

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QUOTE(sl3ge @ May 29 2023, 09:06 PM)
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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Tell us no point πŸ€¦β€β™€οΈ instead email them your suggestion

QUOTE(sai2 @ May 30 2023, 04:26 PM)
Rakuten biggest weakness is too little US Stock about 1000 only.
I have to switch to other company due to this problem.

I don't know why they cannot support ALL US stock trade.
This is a very serious problem.
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Because they are fees and charges when they are using IBkR backend πŸ€¦β€β™€οΈ hence limited stocks which means the cost savings passed down to consumers

I don’t see any a serious problem πŸ€¦β€β™€οΈ you got the understand why they do it in the 1st place

To make your life Simple just buy everything at IBKR instead πŸ€¦β€β™€οΈ
xander2k8
post Jun 11 2023, 09:07 PM

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QUOTE(TruboXL @ Jun 11 2023, 06:08 PM)
The latest bump of fees just too much for the profit to cover

End up loss making for me when selling
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The fees didn’t bump πŸ€¦β€β™€οΈ because if you trade in RM the fees looks bigger because of the RM depreciation to rm4.60 range

That is why when you sell you have to make sure at least 5% above your buying price to cover the charges
xander2k8
post Jul 12 2023, 04:57 PM

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QUOTE(melondance @ Jul 12 2023, 03:38 PM)
Does anyone know if holding US Treasury ETF like TLT in Rakuten will get refunded the Qualified Interest Income every year like IBKR?
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Unlikely anyone will buy TLT on Rakuten πŸ€¦β€β™€οΈ while paying more than 5x in fees just to buy and sell it
xander2k8
post Jul 13 2023, 03:12 AM

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QUOTE(melondance @ Jul 12 2023, 07:57 PM)
What do you mean by 5x in fees
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Rakuten Min fee is USD1.88 and up to maximum of USD25 per trade while IBKR you pay flat USD0.35 per trade hence why minimum 5x the fees or more πŸ€¦β€β™€οΈ
xander2k8
post Aug 24 2023, 05:47 AM

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QUOTE(melondance @ Jul 13 2023, 09:00 AM)
Rakuten min fee is something like this now

user posted image
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QUOTE(Savor_Savvy @ Aug 23 2023, 08:35 PM)
Hi. Am new to this. What sort of fees/taxes are we looking at when we buy or sell a stock, especially US stock?
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Read above already posted the fee πŸ€¦β€β™€οΈ
xander2k8
post Aug 24 2023, 01:34 PM

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QUOTE(Savor_Savvy @ Aug 24 2023, 08:18 AM)
Thanks. I have read around, and somebody mentioned 30% tax after sale? Is this true?
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That is withholding tax πŸ€¦β€β™€οΈ only on dividends not the actual holding of stocks so don’t worry too much about it unless you are buying dividends heavy stock
xander2k8
post Sep 12 2023, 08:34 PM

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QUOTE(Giant @ Sep 3 2023, 02:12 PM)
i was just wonder why rakuten trade doesnt have an iphone app ?
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Got πŸ€¦β€β™€οΈ under ispeed

QUOTE(kembayang @ Sep 3 2023, 07:17 PM)
For existing bursa account, if want to tradr us stock.
Any process needs to be done?
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Need to activate the foreign trading account only

QUOTE(Alan_3931 @ Sep 6 2023, 02:37 PM)
Hi,
Im a beginner for the Rakuten App. would like to check, upon searching for a company names. The findings are with multiple lines, eg . "company name - followed up alphabets and numbers. what does mean? Can someone guide me.
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If Bursa and HKSE you can search by counter number or name while NYSE you have to search company name or the stock ticker for example AAPL for Apple
xander2k8
post Oct 24 2023, 07:01 AM

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QUOTE(annoymous1234 @ Oct 23 2023, 10:30 PM)
have they remove the ability to view all our transaction history for say, 1 year ago, looks like I can only see "this week" and "this month", takkan last month transaction history also cannot see anymore?
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Yes only limited to the current month view πŸ€¦β€β™€οΈ and iinm only 50 last transactions
xander2k8
post Nov 7 2023, 11:44 PM

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QUOTE(Matatai @ Nov 7 2023, 03:46 PM)
I a newbie just started using Rakuten.

How do we find the ex dividend date on rakuten app?

Or do we need to go online via browser to check?

What wolud happen If I hold until the date and the prices drop ?
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You need to find under the stocks details in announcements

If you hold until the date and the price drop πŸ€¦β€β™€οΈ then you are on paper loss until sell it and realised the loss itself
xander2k8
post Nov 8 2023, 12:30 PM

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QUOTE(Matatai @ Nov 8 2023, 08:57 AM)
So It's not just buy and hold until the date and get dividend?

I need to sell it before tge prices drops?
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Price changes daily during market hours πŸ€¦β€β™€οΈ so don’t think you buy and stuck at the same price as it is like not buying Mcdonalds set meal πŸ€¦β€β™€οΈ

You are confused because buying is one thing πŸ€¦β€β™€οΈ dividends is another thing
xander2k8
post Nov 8 2023, 11:51 PM

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QUOTE(Matatai @ Nov 8 2023, 12:41 PM)
I thought if buy then keep can get dividend every now and then

That was naive on my side

Still learning....thanks for your insight bro
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You can buy and keep but remember prices goes up and down and dividends is just only bonus for you but it is subject to whether the company boards who decides whether to give out dividends or not
xander2k8
post Nov 28 2023, 05:37 PM

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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?
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Instantly πŸ€¦β€β™€οΈ unless you do withdrawal then wait for a few business days
xander2k8
post Nov 28 2023, 06:42 PM

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QUOTE(Matatai @ Nov 28 2023, 06:39 PM)
So I just sold some, you know just testing

And my dumbass don't know where to check it because the withdrawal availability still not updated....
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Check under my account as it should be there instantly after the sell order has been executed

Withdrawal availability will be there as well as it will show you how much are you able to withdraw minus rm10
xander2k8
post Nov 28 2023, 06:49 PM

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QUOTE(Matatai @ Nov 28 2023, 06:48 PM)
I'll check again tomorrow because it doesn't seem to be updated yet

Thanks bro
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Bursa is it? Might be slight delay as well

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