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Rakuten Trade, A new online trading platform
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contestchris
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 May 19 2017, 12:21 AM
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I don't understand, what kind of benefit can they provide?
Maybank has a Direct CDS account (cash upfront) with RM8/0.1%, which is about as cheap as this and so much more convenient when transferring funds into and out of your trading account.
What is the selling point of this company? I heard the BFM interview with the Japanese Rakuten guy, and I was expecting much lower brokerage the way he was talking...but it's all just some wayang only. I'm totally comfortable with Maybank, plus they have a good trading portal (IE only) and pretty good research reports.
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contestchris
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May 19 2017, 06:13 PM
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QUOTE(ILoveLalat.net @ May 19 2017, 12:46 PM) 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 PIVB 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. PIVB RM6? Are you sure? Can you give me more details? |
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contestchris
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May 20 2017, 10:10 PM
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They claim this is a revolution and the order is placed directly with Bursa. How is it any different from M2U for example? Are you saying my M2U orders have to go through a broker first? I don't think so. On many occasion when I buy at the sell price my order is filled instantly. I have a hard time believing a human approved/routed/matched my trade.
But I must say my broker is helpful, she does respond to my message/emails if I need to know something. But I have never asked and she has never given me any stock recommendations.
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contestchris
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Jun 4 2017, 08:29 PM
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QUOTE(ILoveLalat.net @ Jun 3 2017, 08:28 PM) 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. Oh yea I love Maybank, 5 levels of buy/sell quotes. Really makes a difference. Public Invest uses the exact same platform but give just 3 levels of quotes, and they claim you need to pay to unlock more. However, Public Invest will absorb your account opening fee and also absorb transfer costs for all your counters should you want to transfer to them. However, their min fee is RM12/0,1%. |
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contestchris
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Nov 28 2017, 12:27 PM
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Maybank via desktop and ipad confirm five level. On phone three level.
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