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Rakuten Trade, A new online trading platform
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Vanguard 2015
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 Mar 30 2020, 10:05 PM
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QUOTE(Solskjaer66 @ Mar 25 2020, 11:43 AM) u applied already? i applied it and just 1 step away from accepting it...... their interest is higher 6%+. no need to pledge cash/FD to get 100k limit? i hope they don't charge for inactive account...... i only want it for emergency use.... According to the terms and conditions in the Rakumargin agreement, Rakuten does charge a commitment fee for the margin account which is not utilised. But they did not state the interest rate. Assuming 1% per annum on RM100K = RM1000? |
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Vanguard 2015
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Apr 2 2020, 04:20 PM
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QUOTE(Solskjaer66 @ Mar 31 2020, 10:53 AM) that's the thing i worry about.... they do not specify the rates/calculate properly (or i miss it).... i don't mind the 6%+ charges......it's acceptable since no collateral required. but i worry about the hidden charges... like this inactive fees... that's y i hesitate to accept it.... QUOTE(hlily @ Mar 31 2020, 10:56 AM) YUP same as me.....as the THE schedule Item 7 about commitment fees does not show any number ...is it mean no commitment fees? I contacted Raku Ranger yesterday to ask whether a commitment fee is payable for the RakuMargin facility if it is not utilised. The reply which I received was "The interest fees only will be charged on your outstanding transactions at 6.8% per annum". I take this to mean that Rakuten is not charging any commitment fee. Lai, lai, who wants to become the white rat and sign the Letter of Offer? Please inform the forumers here if they start charging you any fees for not using the margin facilities.  |
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Vanguard 2015
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Apr 2 2020, 08:36 PM
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Hi bro, you may contact Raku Ranger via WhatsApp at +60 12-780 6011.
Good luck!
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