i agree. Made an amendment order at 9am, then stuck until 9.20am, it no reaction. then suddenly order matched. wth. straightaway face loss upon acquisition.

cash deposit 1 hour ago still pending

This is my first time buying. I'm buying 100 units at 7.400. When I reach the order page. I need to pay rm744.65. Do u guys know what is thr the additional rm4.65 for? Is it sst?

transaction fee. you think rakutan buy stocks for you FOC ?

edit: repeat

This post has been edited by infiniti123: May 4 2020, 06:54 PM

Why only +4.65 not 7

Sifus, do you buy stock on market order or limit order ? I ordered some on limit order but it was not matched. Should I go for market order ? Can I definitely buy the stock using market order ?

just enter at the available sell price la straight away matched

Let's say if I want to buy 10,000 units, will all the 10,000 units be sold at market price or will it have different prices for each unit ? For example, market price is RM0.70, then will it be the same price for all the 10,000 units ? Or will be like this :

First 2000 units = RM0.70
2nd 3000 units = RM0.73
last. 5000 units = RM0.75

i gave u example of Ekovest stock below..

there is 847,000 available for you to buy at RM0.505..if you wanna buy 1,000,000 you will only matched at 847,000

the balance of 153,000 will then turn to left column become best buy at RM0.505

if someone sell his shares at RM0.505 for 200,000, you will be matched at all your remaining balance of 153,000 at RM0.505

but if no one sell his shares at RM0.505 price and price goes up, u will only get 847,000 unless u up your entry price to get the remaining balance 153,000 to match. please remember that your share price will be average out later. if u buy high you average price will be higher, if you buy low your average price will become lower.

and when market close, your order will be cancel. you have to purchase again tomorrow at RM0.505 sen if its available.

if you cannot brain this, i suggest just stay away from burning money in the stock markets. please attend some class or learn to trade out of the market using bursa marketplace something like that to learn first..



This post has been edited by Asus: May 4 2020, 10:05 PM

Thanks bro for the clarification

guys, how long before I'm allowed to withdraw cash from my account after sell order had been fulfilled?

I can only see the amount as trading limit but not as cash to withdraw

On T+2 if im not mistaken..

thanks. just found out from FAQ. will wait and see

If not mistaken they were having promotion for discounted fee. They always do that from time to time either to all account type or sometimes for Contra only

Guys, does anyone have the same problem such as missing profits? For example, you multiply the quantity of stocks bought with the difference in the price of stock which you bought and then sold for a profit. Then you deduct all the relevant fees stated by Rakuten i.e the brokerage fee, stamp duty, clearing fee and ST. But still missing some funds. Why it is so?

it shouldn't be, if ur calculation is wrong mean others would be wrong too.

are u sure ur calculation is correct, just to confirm, you did deduct both buy and sell's fee right

This post has been edited by tadashi987: May 7 2020, 12:36 AM

Has Rakuten's minimum rate been reduced back to RM7?

Example:
On Tuesday, you bought 100 unit of RM1.00 stock, that's RM100. You sold at RM1.05, so you made RM105-RM100 = RM5
Then you decided to buy again at RM1.10, 100 units. And then proceeded to sell at RM1.15, so you made RM115-RM110 = RM5
So you thougt to yourself, hey I just made RM10, not bad

However, since you did this within single trading day, herein "intraday",
so the total bought price will become (100unit xRM1.00 + 100 unit x RM1.10) = RM210/200 = RM1.05

and the total sell price will become (100unit xRM1.10 + 100 unitsxRM1.15) = RM225/200 = RM1.125

So your total gain = 100unit x (RM1.125-RM1.05) = RM7.5

The above example excludes the transaction fee which I don't include here to avoid confusion. But you get the whole picture. You can repeat the buy/sell as many times you want to by using intraday-trading, however the realized profit will still base on the total buy/sell price.

This issue has been persistently happened since the last month until 8th May (varied from 20min idle to 1hr+, huge dissapointment and really sucks compared to other platform).

On 8th May, suddenly all orders were able to instantly enter "Acknowledge" status instead of pending on "sent". I hope it will continue to get better from now onwards else I will make sure the social media receive this underperforming issue successfuly. A truly disgrace to their so-call malaysia #1 online-trading platform etc misleading adverts which clearly means "oh you can put your money in our trading platform but be prepared ALL your orders be stuck at "SENT" status which you are NOT able to correct it or place new orders because guess what? Coz your fund is stuck on the "sent" status, and your existing units that you planned to sell also stuck at the "sent" status. Oh btw, the price that you "PLANNED" to buy will not be the same and you WON'T have a chance to change it coz it will also stuck at "SENT" status for the remaining Gods know how long and be prepared for the so-call No1 platform to match your oder with whatever shit price that you will get within that timeframe, boo-yah and happy trading with us, suckers.

Let's see what will happen to the canggih platform on 11th May