want to open margin, but request TIN
what is Taxpayer Identification Number (TIN)?

your income tax number

Was looking at my cash upfront account (in my handphone) which have 3 big rows ie cash, shares and trading limit.

Under the cash row:
--have 2 smaller rows. Don't understand what is the 1st smaller row.
The 2nd smaller row is the cash available to trade .

Can anyone tell me what is the 1st smaller row?

1. Value
2. Withdrawal Availability

foxxy 1) What is this value?

Yesterday in my cash upfront account:
My cash + current market potfolio price is at least $1k more than the value shown
My cash + cost of my portfolio (ie purchase price + fees) is at least $1k more than the value shown

That's why I don't understand what this value is. Doesn't seem to tally to anything


Today is even funnier. (did not place any trade today)
In my cash upfront account, now the 1st row value is showing the same $ amount as total cash that I have (ie trading limit).


2a) Also, does Rakuten bank in the dividend into our bank account?

2b) Today is the ex-dividend date for 1 of my shares. Wonder, when will we get the dividend from Rakuten

Any help is greatly appreciated. Thanks

This post has been edited by abcn1n: Mar 11 2020, 03:24 PM

Hi guys,

should i open an cash upfront account with rakuten or stick with the local banks (CIMB, maybank) as rakuten is just a nominee account.

Sorry this took so long, but you can refer to this
https://www.sydneycompletion.com/p/dollar-c...calculator.html

Any guide to know how to transfer share from maybank nominee account to rakuten? As I know, there will be RM10 charges per transfer.

Very interesting tool and thanks for sharing! But maybe not so suitable for stock markets since prices can fluctuate so much (like what's happening now) and it asks for an expected return rate per year?

Hi guys. Can I transfer stock from rakuten nominee account to direct account maybank?

u applied already? i applied it and just 1 step away from accepting it...... their interest is higher 6%+. no need to pledge cash/FD to get 100k limit? i hope they don't charge for inactive account...... i only want it for emergency use....

Actually , how does RakuMargin work ah? Got a TL:DR explanation? I read the FAQ but still don't really understand lei

How do we check whether the dividend has been banked into our Rakuten cash account?

Sorry if this is a stupid question. I just sign up, is rakuten trade only for bursa? Can we trade other markets using this platform? If yes how to do it? Thanks

Update: answer found. Thanks

This post has been edited by Alidavidsun: Mar 27 2020, 04:39 PM

This probably similt with kentrade, check
My account > Transaction History > Dividend
Payment depends on payment date + Transaction days X
Nominees may take longer.

According to the terms and conditions in the Rakumargin agreement, Rakuten does charge a commitment fee for the margin account which is not utilised.

But they did not state the interest rate. Assuming 1% per annum on RM100K = RM1000?

Thanks. Can only see the dividend from the website. Was trying to see it in the apps, but there was no such function.

You're welcome, if heavy trade relate to many numbers better on pc.
Cause mobile may have issue and typing error.
Good luck on investing.

that's the thing i worry about.... they do not specify the rates/calculate properly (or i miss it).... i don't mind the 6%+ charges......it's acceptable since no collateral required. but i worry about the hidden charges... like this inactive fees... that's y i hesitate to accept it....

YUP same as me.....as the THE schedule Item 7 about commitment fees does not show any number ...is it mean no commitment fees?