Lol. Who is this ?

Fellow members. I just sign up cash upfront ac & start to trade last week.. I want to know what is trade outstanding means because currently its stated that i've 3k trade outstanding.

T+3

Hi guys, today I login to my account and rakutentrade prompt me to input my taxpayer code. Anybody receive this?

Removed.

This post has been edited by rgchai: Apr 10 2020, 10:42 AM

what is rakuten charges now? i see their website still listed min is rm7 is it still like that? i want to open account

https://www.rakutentrade.my/fees

RM7 for amount below RM1000
RM9 for amount between RM1000 to RM9999
0.1% max RM100 for amount > RM10000

Its cheap only if you planning to buy in large quantities of below RM 1k stocks...
Any other range, its competitive at best.

Bro, do u know rakuten can allow us to buy odd lot?

Yes. When placing order, in 'lot type', just change from 'board' to 'odd'

I see... plan to buy certain shares with odd order haha

What is the benefit of rakuten point?

Can exchange into AirAsia Big Points but not worth too much actually

Tq for the input

Travelling with Air asia? No thanks haha

Yeah, I should do that too sometime.

In your opinion what would be the best brokerage platform for trading 10k & above?

I received that too few weeks ago. Is it mandatory if we're not planning to use the contra/margin account and just want to continue with our cash upfront?
I did not input anything and so far has not seen the prompt/pop up again.

I’ve been using Rakuten Trade since the end of 2017 and I just realized today that it’s not under Bursa’s list of registered brokers (trading participants) here: https://www.bursamalaysia.com/trade/trading...ng_participants

It is said that to be 100% risk-free it’s best that your trading platform is included on the above list. In the case of an unlikely event, such as the bankruptcy of your brokerage company, at least your investment are protected (similar to how PIDM protect a bank’s customer).

I understand that Kenanga Futures Sdn Bhd is in the list but it’s an entirely different company if we look at the corporate structure of Kenanga Investment Bank Bhd: https://kenanga.com.my/who-we-are/corporate-structure/

How safe are we in a highly unlikely event (remember Lehman Brothers in 2008)?
Any thoughts on that? Thank you in advance for any valuable input!


PS: Would love to upload some images to illustrate my points but the uploading server is currently down.

Wow, didn't know that.

Firstly u are using the wrong list. Trading Particpaints refer to Futures Trading brokers. For equities broker, find the list called Participating Organisations, this is where u will find all the IBs and other securities broker.

Having said that Rakuten is not on the PO list too as it is not a full fledged PO. Rakuten has a special license granted by the SC, and is a JV between Kenanga IB and Rakuten Japan.

How safe is ur money if this JV go bust? I think reasonably safe coz Malaysian securities laws are pretty strict when it comes to client money and shares. The same law applies to Rakuten.

Also Lehman went bust because a lot of prop trading positions. Rakuten is pure execution broker.

P/S I do have Rakuten account, but it's not my primary brokering acount.

This post has been edited by Cubalagi: Apr 12 2020, 09:51 PM

Thanks for the clarification. Apologies for being on the wrong list! The correct list should be here: https://www.bursamalaysia.com/trade/trading...g_organisations

Anyway, while Rakuten Trade Shd Bhd is still not on the list, its parent company KENANGA INVESTMENT BANK BHD (which is on the list above and owns 50% of RT, since it's a JV like you said) is. So from here we can conclude that we're relatively safe.

May I know what is your primary trading account?