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 Rakuten Trade, A new online trading platform

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kgvon
post Mar 12 2019, 11:50 AM

New Member
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Junior Member
14 posts

Joined: Apr 2010


Does Rakuten crash frequently? New investor here, trying to see if Rakuten works for me or not.
kgvon
post Mar 14 2019, 02:14 PM

New Member
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Junior Member
14 posts

Joined: Apr 2010


How do we trade in Leap market?
kgvon
post Mar 15 2019, 10:33 AM

New Member
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Junior Member
14 posts

Joined: Apr 2010


QUOTE(muhammadb @ Mar 14 2019, 06:05 PM)
Rakuten Help page says:
Who can trade on the LEAP Market?
Only Sophisticated Investors are allowed to trade on the LEAP Market.
Rakuten FAQs

Sophisticated Investors are defined as follow: -

Entities
- a company that is registered as a trust company under the Trust Companies Act 1949 which has assets exceeding RM10,000,000 under management; or
- a corporation that is a public company under the Malaysia Companies Act 2016 which is approved by the Securities Commission Malaysia to be a trustee under the Capital Markets and Services Act 2007 and has assets exceeding RM10,000,000 under management.
- a corporation with total net assets exceeding RM10,000,000 or equivalent in foreign currencies based on last audited accounts; or
- a partnership with total net assets exceeding RM10,000,000 or its equivalent in foreign currencies.

Individual
- an individual whose total net personal assets exceeds RM3,000,000 or equivalent in foreign currencies, excluding the value of the individual’s primary residence;
- an individual who has a gross annual income exceeding RM300,000 or equivalent in foreign currencies in the preceding twelve months; or
- an individual who, jointly with his or her spouse, has a gross annual income exceeding RM400,000 or equivalent in foreign currencies in the preceding twelve months.

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I see, I didn't know the requirements were that stringent. Thanks.

 

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