Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Rakuten Trade, A new online trading platform

views
     
mr_hustla
post Apr 5 2019, 01:44 AM

Getting Started
**
Junior Member
56 posts

Joined: Oct 2006


QUOTE(yj98 @ Apr 3 2019, 04:08 PM)
Is the buy/sell in the platform considered long/short?
Follow up: Assuming it's long/short, if I long 1x and then short the same stock 0.3x, are those counted as 2 transactions where I'll be charged RM14 assuming my amount is <RM1K
*
what do you mean by short? you want to do Intraday Short Sell? If that's the case. You can't as Rakuten does not participate in IDSS.
if you are asking to buy and then sell same counter within the same day, they have rebate for broker fee. Instead of RM7 x 2, you will be charge RM7 only for the broker fee.
mr_hustla
post Apr 5 2019, 03:02 AM

Getting Started
**
Junior Member
56 posts

Joined: Oct 2006


QUOTE(abcn1n @ Apr 5 2019, 02:25 AM)
mr_hustla Is it automatically they charge you $7 or you have to request for it
*
it will be automatically charge and if have rebate, they will give back at the end of the day
mr_hustla
post Apr 6 2019, 01:35 AM

Getting Started
**
Junior Member
56 posts

Joined: Oct 2006


QUOTE(heyamazingpeople @ Apr 5 2019, 06:54 AM)
I understand multiple buy and sell for one single counter/stock consider as one contract.. So the charges is only one time. Counted as one trade.
Is that so?
*
yes. buying multiple times in 1 counter in the same day and board lot will be calculated as 1 trade. trading fee will be based on total value of buying for that counter..
but if you trade odd lot even the same counter in the same day, it will be consider as different trade and will not lump into 1 value.
mr_hustla
post Apr 6 2019, 01:36 AM

Getting Started
**
Junior Member
56 posts

Joined: Oct 2006


QUOTE(yj98 @ Apr 5 2019, 10:59 AM)
By short I mean borrowing on margin and shorting. Example: selling/shorting a particular stock even if I don't own any of it.
*
rakuten does not allow short selling as they are not participating organization.
mr_hustla
post Apr 6 2019, 01:41 AM

Getting Started
**
Junior Member
56 posts

Joined: Oct 2006


QUOTE(Ancient-XinG- @ Apr 5 2019, 06:59 AM)
So is it true that all the transection done are under the name of rakuten trade and they are just middle man?

So will we have our statement that printed out name? And our mailing address?
*
Rakuten use CDS nominee under Kenanga. So you will not receive any hard copy quarterly report for any share you hold. Even if you want to attend AGM, you have to let Rakuten knows as the share is under Kenanga Nominees not your name.
mr_hustla
post Apr 6 2019, 01:42 AM

Getting Started
**
Junior Member
56 posts

Joined: Oct 2006


when Rakuten want to implement cut-loss function??? very slow la Rakuten
mr_hustla
post Apr 7 2019, 12:55 AM

Getting Started
**
Junior Member
56 posts

Joined: Oct 2006


QUOTE(Ancient-XinG- @ Apr 6 2019, 07:58 AM)
Now wonder so easy open account.

Is M+ the same as RT?

M+ need face to face apply.
*
M+ is different. CDS is under your name, not nominee. I also have M+ account. Their live trade screen is much better than Rakuten and also have interactive chart by Chartnexus. Brokerage fee also very good if you are using cash only account.

For contra account, Rakuten is better. Rakuten need to improve on trading limit value. Now need to wait until end of trading then they will update the trading limit value. Too slow
mr_hustla
post Apr 7 2019, 01:03 AM

Getting Started
**
Junior Member
56 posts

Joined: Oct 2006


QUOTE(muhammadb @ Apr 6 2019, 02:10 PM)
+1

This is becoming necessary now - since market is very volatile nowadays. Even though if you are a long term investors.
The amount of percentage drop for some counters, is really scary - like Dayang.
*
I have been asking Rakuten to implement it since Day 1 i open the account with them. Call their customer service, send multiple email, yet the answer is "We going to send the proposal to management". Cut loss is very very important function. So, we no need to worry so much about the stock.

Yes Dayang is the right example for this. If we are full day trader then it should be no problem, but a lot of people don't have the luxury to become full day trader.
mr_hustla
post Apr 7 2019, 12:44 PM

Getting Started
**
Junior Member
56 posts

Joined: Oct 2006


QUOTE(Ancient-XinG- @ Apr 7 2019, 09:57 AM)
In this digitalized era, what's your opinion on going the traditional way creating  trading account vs going online?

Bursa marketplace now they are promoting having trading account and they will assist all the way until the first successful trade...

I am having dilemma using RT or wait for FSMone....

So far RT is the cheapest if not mistaken...

Up to now I just want to buy REIT for the time being.
*
i would say its better and more efficient to open trading account online. government want more and more public to own/invest in stock market. they are making it easier for public to invest.

first you need to ask why you want to use FSM? its more to own trust fund and trade bonds.

if you want to own REIT like SUNREIT, IGBREIT, KLCC, etc that are listed in Bursa Malaysia, go with stock broker company i.e Rakuten, M+ which give the cheapest trading fee and good trading platform.

since 18th December, REIT sector have been outperforming KLCI by 9%.

mr_hustla
post Apr 7 2019, 07:23 PM

Getting Started
**
Junior Member
56 posts

Joined: Oct 2006


QUOTE(Ancient-XinG- @ Apr 7 2019, 06:37 PM)
FSM because I am with them for years. In SG and HK, they provide facilities to buy stock buy not in MY. Their recent changes I think they hinting to intro stock too. Just not sure when. Since I have acc with them, its easier for me, all for one.

But now what I see RT quite cheap. But 1 thing is the nominee account. Sorry for noob question, if RT went kaput, how is our holding? Who shall we claim from?
*
I am not quite sure what happen if RT kaput. Just we can make a complaint to SC through SIDREC. But that is claim up to 250k.

 

Change to:
| Lo-Fi Version
0.0172sec    0.78    7 queries    GZIP Disabled
Time is now: 5th December 2025 - 07:08 AM