seems ok to me... for Transferwise if direct transfer from local bank to it, then transfer to IBKR also quite heavy charges.. the more money you send the more expensive.
just hoping they will sell London stocks soon so that got access to Irish domiciled ETFs.

This post has been edited by Davidtcf: Jan 24 2022, 10:18 AM

minimum is 1 if purchase via Rakuten. No fractional trading available yet for US stocks.
If want fractional then use IBKR can do so.

This post has been edited by Davidtcf: Jan 26 2022, 11:44 AM

hi all, what is the exchange rate when buying US stocks via Rakuten Trade ya?

Would like to know as it needs to convert to USD during purchase of a US stock/ETF.

This post has been edited by Davidtcf: Jan 28 2022, 02:36 PM

I calculated its fees and FX rate when compared to WISE > IBKR. Using wise fee calculator then compare with Rakuten FX (it will show when u go into a US stock). Then just use example Tesla stock and count its cost via Wise calculator vs Rakuten FX rate. Can count for one stock or multiple stocks.

Wise calculator here:
https://wise.com/my/pricing/send-money

Rakuten FX rate:


Pretty much they trying to compete with Wise. The difference is just a few cents after factor in Wise fees for sending money, and Rakuten higher FX exchange rate.

However Rakuten has more expensive fees of around RM7-9 per US stock or ETF per trade. While IBKR charges the standard USD 0.35 cent a trade for Tiered pricing.

If you do a lot day trading or any trading, then stick to IBKR. If one month just trade once/ a few times then Rakuten Trade seems more convenient and better.

Right now wanna compare other things like their user interface and in the event of death etc will the process be easier than IBKR? Since Rakuten based here some policies might be different.

Then since Rakuten can FPX to deposit money and convert internally, don't have to wait for wise to process next day only can get money in IBKR. Basically one day lost if you need to get a stock on same day.

This post has been edited by Davidtcf: Jan 29 2022, 12:51 AM

using this link to check already added in Wise transfer fee and FX rate. Notice the formula even listed out (can just punch those into calculator u will get same results):
https://wise.com/my/pricing/send-money



I compared, the above result is similar to Rakuten's FX rate.
So means what's left is the broker fees. For Rakuten it is RM7-9 a stock, for IBKR only USD 0.35 cents.

IBKR still wins. But comes to convenience and FPX transfer then Rakuten. FPX transfer and buy stock means you can complete the transaction at same day. If use Wise need +1 day next day only will receive money in IBKR.. that time stock price might change a lot lorr.. if stock price drop then untung la.. if suddenly next day go up USD10 a stock and you wanna buy 3-5 Tesla stock for example.. whatever amount you tried to save also burnt d.

This post has been edited by Davidtcf: Feb 3 2022, 12:11 AM

Is Grab Holdings Stock a Buy?

https://www.fool.com/investing/2022/01/15/i...gs-stock-a-buy/

This post has been edited by Davidtcf: Feb 11 2022, 06:08 AM

Yea i got the msg too once open the app:

Free x1 stock is in for me:

Yours double my value. Should be thankful haha.

Disappointed they gave us cheap stocks. Better open Moomoo or Tiger brokers deposit 2-2.5k SGD get one Apple stock.

just found out Rakuten Trade cannot buy Malaysia IPOs.

if want to buy IPO Mplus account can.

https://dividendmagic.com.my/rakuten-trade-...0be%20for%20you