A new online trading platform has been launched.
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Malaysia’s first full fledged online equities broker, Rakuten Trade Sdn Bhd (formerly known as "EB Global JV Sdn Bhd") operates purely online and is the result of a joint venture between Malaysia's Kenanga Investment Bank Berhad and Japan's Rakuten's Securities, Inc. Together they aim to revolutionize the equity capital market through straight through processing thereby creating a new trading experience in Malaysia.
Rakuten Trade extends its trading services including the iSPEED.my app, the localised version of Japan’s leading mobile app developed by Rakuten Securities, Inc’s. Its web and mobile based trading services offers a 360° effortless trading experience from account opening, execution, settlement of trade, research and trading ideas as well as rewards and education. The all-in-one seamless and automated platform aims to put investors in the driving seat, enabling you to execute your own trading ideas end-to-end.
Rakuten Trade Sdn Bhd holds a Capital Markets Services License (“CMSL”) by the Securities Commission Malaysia to deal in listed securities and provide investment advice.
They also
launched ispeed.my mobile app, adding another to the abundance of mobile trading/stocks apps available out there.
QUOTE
Malaysia's first fully online trading platform, iSPEED.my, was launched today, and it aims to capture up to 30% of the country's retail market share in the next three years.
The mobile application platform was launched by Rakuten Trade Sdn Bhd, a joint venture (JV) between Kenanga Investment Bank Bhd and Japan-based Rakuten Securities Inc.
Launch promo: Free CDS account opening & brokerage fee waiver for first matched trade, from 18th May to 30th June 2017.
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Rakuten Trade has officially opened its doors in Malaysia as the country’s first completely online broker. In line with this, we are pleased to announce our inaugural launch campaign. From 18th May 2017 to 30th June 2017, all new customers who successfully open a Rakuten Trade trading account will receive an immediate rebate of RM10.60 on the CDS account opening fee and a brokerage fee waiver upon the completion of your first trade matched*.
For more information, please refer to the Terms & Conditions.
* Brokerage fee rebate will be credited into the trading account on 10th July 2017.
*Currently Rakuten only offers Nominee Account. Which means can't apply IPOs with account registered under Rakuten. For attending AGM and companies annual reports, investors/traders shall contact their rep at 1800-88-6001
**For corporate actions, Rakuten Trade currently offer ZERO FEE charge. No confirmation if this is also part of launch promo.
***Account opening can now be made through its
WEBSITE.
Note: Rakuten Trade is not an Islamic PO. For Islamic POs as listed by Securities Commission, please see attachment below.
This post has been edited by screwedpeep: May 20 2017, 12:27 AM