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 Rakuten Trade, A new online trading platform

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joshgm_119
post Oct 15 2021, 10:31 PM

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From: Klang Valley
QUOTE(LalaluSan @ Oct 15 2021, 03:16 PM)
Hi all, may I know what are the fees for DRP using rakuten?
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No fees for participating in DRP's
joshgm_119
post Oct 18 2021, 04:09 PM

Getting Started
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Junior Member
203 posts

Joined: Aug 2009
From: Klang Valley
QUOTE(LalaluSan @ Oct 18 2021, 01:18 PM)
Only applicable to Rakuten platform?
I did checked on maybank DRP doc, found those stamp duty fees etc required when participating.

[attachmentid=11014024]
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Others can correct me if I am wrong, but Rakuten seems to be the only one that waives these fees for participation.
joshgm_119
post Sep 25 2022, 02:39 PM

Getting Started
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Junior Member
203 posts

Joined: Aug 2009
From: Klang Valley
QUOTE(joeblow @ Sep 24 2022, 08:59 PM)
Yes it is new. But their FAQ still states corporate action is free handling and the latest Maybank DRIP shows 0 amount. Let's see if eventually they will deduct rm10. A bug there that you have to subscribe to the whole drip.
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Technically would not be wrong as stamp duty is not handling charges.
Nominee accounts usually have a standalone handling charge.

Even though mine was '0' amount, RM10 was charged to my cash account by Rakuten.

I'm not against the charge, but a heads up that this is coming in would have been nice, instead of finding out when we are trying to participate in any corporate action.
joshgm_119
post Sep 25 2022, 02:52 PM

Getting Started
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Junior Member
203 posts

Joined: Aug 2009
From: Klang Valley
QUOTE(joeblow @ Sep 25 2022, 02:45 PM)
May I know how you know the rm10 was charged? I looked at my transaction history, nothing. Unless they deduct without a record？Need monthly statement to check since I don't remember my initial balance.
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On the web portal, under my account, under transaction history, it shows up as a "charge".

Very generic description, but as its RM10, and I'm not expecting any other deductions it had to be the stamp duty charge.

Consider yourself lucky if you weren't charged. biggrin.gif
joshgm_119
post Sep 26 2022, 04:13 PM

Getting Started
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Junior Member
203 posts

Joined: Aug 2009
From: Klang Valley
QUOTE(ehwee @ Sep 26 2022, 01:16 PM)
You able to login to the web portal? As I try to log into the web site from last Friday, they keep saying the rakuten system is under maintenance.

I can only access their I Speed mobile app currently.
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Yup, silky smooth. No issues faced at all from Friday onwards.

Try using a different browser or clear cache and try again. Confirmed the system is up and running.

Well for me anyway...
joshgm_119
post Oct 3 2022, 11:34 AM

Getting Started
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Junior Member
203 posts

Joined: Aug 2009
From: Klang Valley
QUOTE(rotloi @ Oct 3 2022, 08:35 AM)
Cimb dividend reinvestment plan with RM10 stamp duty ???

If we do nothing it will not charge right ??
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Stamp duty is charged only if you opt to reinvest. Not applicable if you do nothing and just take the cash dividend
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