Thanks. Good luck on investing to you too

is Malacca Securities just the same like Rakuten Trade whereby you can register for an account online(and perform all transactions on their platform) without the hassle of physically going to a bank? Coz for other major banks, we have to appear in person at the branch in order to register for an account etc.

Sorry I can't help you as I opened my account about 10 years ago.

Hi , I am planning to open an account with rakuten trade. Anyone can provide Referral Code ? And any promo code can provide ?

so I sold some stock... but the amount credited to trading limit and not withdrawable?

new here to trd...

i think you need to fill form like https://mplusonline.com/appointment/

and schedule for meeting with the person in charge

else just go to their branch...

No, you need to met face-face. Either go to the branch or arrange an appointment for a rep to meet u somewhere.

U wait for the trade to settle, and then request for withdrawal.

wait 2 trading days, then u can withdraw

i have 1 hlebroking direct a/c but currently awaiting my trading a/c to be activated back since my last trading was few years back ago
should i get another nominee a/c from rakuten? ez to do it purely online (unlike hlebroking have to scan softcopy email them and post hardcopy to their branch, took me some time)

if open rakuten, open contra or margin one would be better for long term

I am planning to masuk Rakuten
Heard a lot bout it

thanks for the info

So for buying malaysia stock, rakutan is the easiest method?without need of going their branch for registration and settle everything about the document, we just need to stay home and fill in information right? is there any other competitive online broker to trade msia stock?with 0 fees or lower fess than rakutan?

Yes you can create account and buy and sell and even withdraw from home.

If you're playing small volume. Less than 10k RT should be low brokage fee.

Alliance Bank has 0% brokerage fee for online buy transaction for up to rm300 per month for new client,till 30/6

https://www.alliancebank.com.my/promotions/...BANNER-01042020

This post has been edited by bryon: Apr 2 2020, 08:54 AM

I contacted Raku Ranger yesterday to ask whether a commitment fee is payable for the RakuMargin facility if it is not utilised. The reply which I received was "The interest fees only will be charged on your outstanding transactions at 6.8% per annum".

I take this to mean that Rakuten is not charging any commitment fee.

Lai, lai, who wants to become the white rat and sign the Letter of Offer? Please inform the forumers here if they start charging you any fees for not using the margin facilities.

i reviewed the T&C papers again and i still couldn't find any to show how and when and rates that they will charge the Commitment fees..... i also notice the can waive it.... i guess it is not a mandatory fees....
anyway drawdown must be within 3 months.... else they will cancel the facility... i suppose to let them cancel it rather to charge commitment fees.
i have accepted it cos my offer is expiring tomorrow. but i still no plan to use it anytime soon.... i still have balance with other margin accounts.
i will cancel it as soon as they charge me commitment fees..... but..... i have no idea how to cancel it..... i can;t find any support number or bot to throw my question. How u manage to communicate with Rakuten? any careline, email, bot chat?

"Section 3.18 Commitment Fee
If the Facility is not fully utilized by the Client during the Availability Period, the Client shall pay to the Bank a Commitment Fee at the rate specified in Item 7 of the Schedule hereto on the unutilized portion of the Facility calculated on a daily basis and payable in arrears at the end of each month. The Bank reserves the right to waive or vary at any time and from time to time its sole and absolute discretion the rate of the Commitment Fee by giving notice to the Client in writing."

Hi bro, you may contact Raku Ranger via WhatsApp at +60 12-780 6011.

Good luck!

I also facing same issue,any comment from masters up there?

ur share in ur cash account or contra account? Maybe need select correct account