buy before ex date for dividend entitlement is the usual saying.. but the share settlement got me confused.. dont know this is just Rakuten trade / nominee CDS vs those direct CDS difference.
But i guess no difference.

RT is nominee account and not in bursa broker list. Is it better to trade directly with say kenanga instead of middle man?

Hi guys, can i use my current cds account under maybank trade and transfer all my stocks when I open a new account here?

Why move from direct to nominee?

yes, you can do that.

you have to pay RM10 per counter transfer regardless of the units.

It is better to trade from direct compare to nominee ?

I didn't know that rakuten is a nominee account. Haha. Thanks for the heads up.

Direct Account

1) Beneficial owner and shares purchased held under your name.
2) Attending AGM is no issue. On the AGM day itself you can decide whether you want to attend or not.
3) Can apply IPO.
4) Processing fees involved when you subscribe corporate action like Rights Issue/DRP etc.
5) Receive annual report from companies.
6) Dividend payment as accordance to the payment date announced.
7) Opening account request might take a few days.

Nominees Account (Rakuten Trade as example)

1) Beneficial owner but shares are technically not held under your name.
2) Attending the AGM as proxy. Need to send in your request 10 working days before AGM date.
3) Cannot apply IPO.
4) No processing fees involved. Can be done via your trading platform.
5) No annual reports.
6) Dividend payment date will be slightly late.
7) 2 hours to activate your account.

You decide.

This post has been edited by Morales: May 25 2019, 01:43 PM

Can anyone shed a light on the STP (Straight through processing) offered by rakuten? How many seconds does it take to complete an order? I mean from the moment we send our buy/sell order till order matched? Can it be done in less than 5sec?

Hi guys I've registered with Rakuten 2 years back and have minimal stocks in it.

Now that I'm planning to divert more of my portfolio to dividend stocks, I plan to apply for HLE broking - prefer a direct account vs. nominal.

Do I actually own a CDS account if I only traded with Rakuten before this, and where can I find the CDS account number in Rakuten?

Thanks.

I believe u can login in and see that in Rakuten, my account info.

I see deposit in rakuten trade cash upfront account can earn interest 2.25%.
Is the money in the account protected by PIDM ? I am thinking of putting money there to earn interest daily basic.

mplusonline.com is pretty great. It is fast like rakuten but tuck ur shares under direct CDS account.

KENANGA NOMINEES (TEMPATAN) SDN BHD FOR RAKUTEN TRADE SDN BHD FOR (Name per NRIC)
073 - 001 - XXXXXXXXX (Stated in the platform right below cash upfront/contra top left corner)



073-001 is fixed for all rakuten account.

Thanks. I’ll look into it 😁 never seen this website promoted on any blogs or websites.


Yeah managed to find it in the end. Thank you 🙏

what is the buy and sell quote?

level 5? i search only found info till l3

By default, you're given with 3 level.

Need to pay if you wish to subscribe for 5 level bid/ask quote.

oh.. okie.. thanks a lot for info 😃