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 Rakuten Trade, A new online trading platform

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RakutenTrade
post Mar 12 2019, 12:06 PM

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Joined: Mar 2018
QUOTE(kgvon @ Mar 12 2019, 11:50 AM)
Does Rakuten crash frequently? New investor here, trying to see if Rakuten works for me or not.
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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.
RakutenTrade
post Mar 12 2019, 12:08 PM

New Member
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Joined: Mar 2018
QUOTE(Morales @ Mar 12 2019, 11:39 AM)
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.
*
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.
muhammadb
post Mar 12 2019, 12:32 PM

Getting Started
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Junior Member
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From: Earth



12.30pm - on the dot. System maintenance. bruce.gif

muhammadb
post Mar 12 2019, 12:36 PM

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QUOTE(kgvon @ Mar 12 2019, 11:50 AM)
Does Rakuten crash frequently? New investor here, trying to see if Rakuten works for me or not.
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Only happened when stock market is hot, such as this morning. And so many concurrent users logging in at the same time, and probably system cant take the load.

Or their cloud provider or cloud configuration cannot elastically expand resources as intended.

This post has been edited by muhammadb: Mar 12 2019, 12:36 PM
muhammadb
post Mar 12 2019, 12:39 PM

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QUOTE(Morales @ Mar 12 2019, 11:39 AM)
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.
*
It was fine from 8am - 9am. It started to slow down after that and then intermittent access.
And even the app on ios/android - ispeed.my - has issue to login.

But I believe so, they have improved a lot since 2017 and 2018. To be fair to them - it is like AirAsia of stock trading.

This post has been edited by muhammadb: Mar 12 2019, 12:45 PM
windvind
post Mar 12 2019, 01:35 PM

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Joined: Dec 2015


Already after lunch but their service not up yet.
If they cant fix by 3 to 4pm better no need to fix for the whole trading day. No difference.


muhammadb
post Mar 12 2019, 02:09 PM

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QUOTE(windvind @ Mar 12 2019, 01:35 PM)
Already after lunch but their service not up yet.
If they cant fix by 3 to 4pm better no need to fix for the whole trading day. No difference.
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They just flip the login page. But login still delayed. 20 minutes to go before market re-open. ranting.gif
preducer
post Mar 12 2019, 02:16 PM

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I can still see the interruption msg scrolling on the top.
muhammadb
post Mar 12 2019, 02:29 PM

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From: Earth



QUOTE(preducer @ Mar 12 2019, 02:16 PM)
I can still see the interruption msg scrolling on the top.
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Finally, 2.28pm - can login. cry.gif
preducer
post Mar 12 2019, 02:31 PM

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QUOTE(muhammadb @ Mar 12 2019, 02:29 PM)
Finally, 2.28pm - can login.  cry.gif
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yup just tried, thanks.
muhammadb
post Mar 12 2019, 02:34 PM

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QUOTE(preducer @ Mar 12 2019, 02:31 PM)
yup just tried, thanks.
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Seems to be faster now and more stable. rclxms.gif

Thank you RakutenTrade team - go lunch then.
SUStalzer
post Mar 13 2019, 12:57 AM

bagusnya
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Hi, how long to get the account activated? Is this better than cimb itrade?
muhammadb
post Mar 13 2019, 12:19 PM

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QUOTE(talzer @ Mar 13 2019, 12:57 AM)
Hi, how long to get the account activated? Is this better than cimb itrade?
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My experience - less than 2 hours, if you have submitted all the documents.

Rakuten brokerage fees is cheap, comparable to m+ etc.
Go google imoney share-trading site to compare.

It all depends on what you want to do, direct cds, nominees, ipo or just plain trading.
kgvon
post Mar 14 2019, 02:14 PM

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How do we trade in Leap market?
muhammadb
post Mar 14 2019, 06:05 PM

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QUOTE(kgvon @ Mar 14 2019, 02:14 PM)
How do we trade in Leap market?
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Rakuten Help page says:
Who can trade on the LEAP Market?
Only Sophisticated Investors are allowed to trade on the LEAP Market.
Rakuten FAQs

Sophisticated Investors are defined as follow: -

Entities
- a company that is registered as a trust company under the Trust Companies Act 1949 which has assets exceeding RM10,000,000 under management; or
- a corporation that is a public company under the Malaysia Companies Act 2016 which is approved by the Securities Commission Malaysia to be a trustee under the Capital Markets and Services Act 2007 and has assets exceeding RM10,000,000 under management.
- a corporation with total net assets exceeding RM10,000,000 or equivalent in foreign currencies based on last audited accounts; or
- a partnership with total net assets exceeding RM10,000,000 or its equivalent in foreign currencies.

Individual
- an individual whose total net personal assets exceeds RM3,000,000 or equivalent in foreign currencies, excluding the value of the individual’s primary residence;
- an individual who has a gross annual income exceeding RM300,000 or equivalent in foreign currencies in the preceding twelve months; or
- an individual who, jointly with his or her spouse, has a gross annual income exceeding RM400,000 or equivalent in foreign currencies in the preceding twelve months.


This post has been edited by muhammadb: Mar 14 2019, 06:07 PM
djhenry91
post Mar 14 2019, 09:40 PM

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QUOTE(kgvon @ Mar 14 2019, 02:14 PM)
How do we trade in Leap market?
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no point to trade leap market..
u see requirement above u know
kgvon
post Mar 15 2019, 10:33 AM

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Joined: Apr 2010


QUOTE(muhammadb @ Mar 14 2019, 06:05 PM)
Rakuten Help page says:
Who can trade on the LEAP Market?
Only Sophisticated Investors are allowed to trade on the LEAP Market.
Rakuten FAQs

Sophisticated Investors are defined as follow: -

Entities
- a company that is registered as a trust company under the Trust Companies Act 1949 which has assets exceeding RM10,000,000 under management; or
- a corporation that is a public company under the Malaysia Companies Act 2016 which is approved by the Securities Commission Malaysia to be a trustee under the Capital Markets and Services Act 2007 and has assets exceeding RM10,000,000 under management.
- a corporation with total net assets exceeding RM10,000,000 or equivalent in foreign currencies based on last audited accounts; or
- a partnership with total net assets exceeding RM10,000,000 or its equivalent in foreign currencies.

Individual
- an individual whose total net personal assets exceeds RM3,000,000 or equivalent in foreign currencies, excluding the value of the individual’s primary residence;
- an individual who has a gross annual income exceeding RM300,000 or equivalent in foreign currencies in the preceding twelve months; or
- an individual who, jointly with his or her spouse, has a gross annual income exceeding RM400,000 or equivalent in foreign currencies in the preceding twelve months.

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I see, I didn't know the requirements were that stringent. Thanks.
goliath84
post Mar 20 2019, 08:34 AM

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From: Malacca


QUOTE(talzer @ Mar 13 2019, 12:57 AM)
Hi, how long to get the account activated? Is this better than cimb itrade?
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Within one hour or two, it got activated. I got surprised.
infested_ysy
post Mar 20 2019, 10:14 AM

Look at all my stars!!
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From: Melaka
QUOTE(goliath84 @ Mar 20 2019, 08:34 AM)
Within one hour or two, it got activated. I got surprised.
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This is called Japenis efficiency
djhenry91
post Mar 20 2019, 12:39 PM

Slow and Steady
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6,779 posts

Joined: Jan 2009
From: SEGI Heaven


Nominees ma no surprise open fast hehe

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