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Rakuten Trade, A new online trading platform
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ILoveLalat.net
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 May 19 2017, 12:46 PM
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From my point of view, I feel that Rakuten for beginners is nothing better than say playing other brokers that offered a similar rate. For instance, if I would to fall into the category of RM1,000.01 to RM9,999.99, I'm playing RM8.
What is the point when MIBB Cash account or even say AmSecurities is offering RM6? I know it is just too much for me to say but I feel it would have been better if they could offer somewhere in the RM3-5 range. And even for the nominee CDS, this doesn't help further.
This post has been edited by ILoveLalat.net: May 19 2017, 06:28 PM
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ILoveLalat.net
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May 19 2017, 06:32 PM
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QUOTE(contestchris @ May 19 2017, 06:13 PM) PIVB RM6? Are you sure? Can you give me more details? My apologies, my bad. It's AmSecurities that is offering RM6 and not PIVB. PIVB is double at RM12. You might want to call up the nearest brokerage or check them out before joining them. This post has been edited by ILoveLalat.net: May 19 2017, 06:33 PM |
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ILoveLalat.net
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May 20 2017, 07:28 PM
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QUOTE(screwedpeep @ May 20 2017, 09:49 AM) » Click to show Spoiler - click again to hide... « This week, the Securities Commission (SC) gave the green light to Japan’s Rakuten Securities (together with its local partner Kenanga Investment Bank) to offer straight through processing of stock trades at cheaper rates. This means retail investors can punch in their trades through this system, and it will be executed instantly. The idea is to offer faster and cheaper trading services using the right technology applications, which theoretically should also attract more young people to participate in tour capital markets. It is puzzling though why it took a Japanese giant to come into our market to introduce this for the first time. Local stock brokers could have jumped on this opportunity, to offer straight through processing with lower trading fees. Perhaps they are saddled with their large remisier and dealer headcount that limits their ability to slash fees. Hopefully the Rakuten entry will galvanise more changes in the local industry to make players more competitive. Read more at http://www.thestar.com.my/business/busines...H1TYdIQDtsf6.99I still can't see what is it about "straight through processing of stocks trade" Aren't we all already doing the trading online through online banking/fpx to bank in money to remisier, to carry buy/sell orders? What so different about service offered by Rakuten that aren't already offered by existing providers? Except that there is a partial "human touch" with remisiers, and they are real beings and we have to feed them slightly more for them to enjoy commissions but this only needs to feed the huge monster called the "trading firm" and even so, with the price rate unless you trade like RM1 million per order and can theoretically save RM1.8k for two way trade..... |
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ILoveLalat.net
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Jun 2 2017, 04:49 PM
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QUOTE(Dividend Magic @ Jun 2 2017, 04:36 PM) Did anyone open a Rakuten Trade account yet? They're having a promo to give a rebate for the RM10 opening fee. It'd be a good idea to open an account first for future use. Was going to open with them but I'd figure it will be a turnoff. Nominee account is one of them, and I personally do not trade more than what I deemed to be worth the money. In the end, back to square one. Just my opinion, but if one just wants to buy and sell for swing trade, guess it is better than nothing.  |
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ILoveLalat.net
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Jun 2 2017, 06:53 PM
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QUOTE(Dividend Magic @ Jun 2 2017, 05:46 PM) But it's basically free. I was thinking of parking my shares that have DRPs with Rakuten. So next time no need to head to post office every time. Ah yes, having DRPs with a nominee account really saves the hassle of doing paperwork here and there. Same goes to exercising of warrants, very troublesome to go to the company's place or the registrar to do it. |
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ILoveLalat.net
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Jun 3 2017, 08:28 PM
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QUOTE(Dividend Magic @ Jun 3 2017, 12:03 AM) Didn't know that.. I had to pay for my hle account  Maybank also need to pay RM10.60. But of course, I only paid RM10 since that was before GST came into the play. However, Maybank absorbs the market depth cost providing 5 levels instead of only 3 in some brokerages. I think Rakuten is also 3 level depth. |
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