And member site - "crashed" this morning . Damn slow and lagging and intermittent access as market opened up today and then at 10am - they put a banner member site interruption.

12.30pm - on the dot. System maintenance.

Only happened when stock market is hot, such as this morning. And so many concurrent users logging in at the same time, and probably system cant take the load.

Or their cloud provider or cloud configuration cannot elastically expand resources as intended.

This post has been edited by muhammadb: Mar 12 2019, 12:36 PM

It was fine from 8am - 9am. It started to slow down after that and then intermittent access.
And even the app on ios/android - ispeed.my - has issue to login.

But I believe so, they have improved a lot since 2017 and 2018. To be fair to them - it is like AirAsia of stock trading.

This post has been edited by muhammadb: Mar 12 2019, 12:45 PM

They just flip the login page. But login still delayed. 20 minutes to go before market re-open.

Finally, 2.28pm - can login.

Seems to be faster now and more stable.

Thank you RakutenTrade team - go lunch then.

My experience - less than 2 hours, if you have submitted all the documents.

Rakuten brokerage fees is cheap, comparable to m+ etc.
Go google imoney share-trading site to compare.

It all depends on what you want to do, direct cds, nominees, ipo or just plain trading.

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.

This post has been edited by muhammadb: Mar 14 2019, 06:07 PM

What are the brokerage rates and fees charges?

Normal Brokerage (via Web/ iSPEED.my)

⦁ Below RM1,000.00 = RM7.00* per transaction

⦁ Between RM1,000.00 to RM9,999.99 = RM8.00* per transaction

⦁ Between RM10,000.00 to RM99,999.99 = 0.10% of trading value*

⦁ Equal / above RM100,000.00 = RM100.00* per transaction

*6% ST will be imposed on brokerage fees

Other Fees

⦁ Clearing Fee: 0.03% up to a maximum of RM1,000.00 per contract

⦁ Stamp Duties: RM1.00 for every RM1,000.00 in trading value (maximum amount of RM200.00 per contract)

⦁ CDS Fee: Account Opening RM10.00 per CDS

⦁ Transfer of Securities RM10.00 per counter

⦁ Services Tax (ST): 6% of brokerage fees

Limit sell - you have to queue, even if the share price has reached your intended sale price, if someone else has put their sale order before you, their sale order will clear first.

Expiring warrant, it depends on the warrant itself - if still can convert or not.
Read more here: What is a Corporate Action (CA)?

This post has been edited by muhammadb: Mar 26 2019, 06:54 PM

1) minimal rm 10 in cash account to keep it active (Min rm 10 - to keep it active). I have managed to get it below 4, lol
Initial account opening under contra 2.0 promo period is rm20, you get back rm10. Then with those balance cash, you can buy odd lot unit of some penny stock, without topping up any cash, if you dont want to (but remember rm 7 trading fees, clearing, sst, etc).

2) no harm, do it when needed only. I think you need to to trade once in 3 months possibly, cant remember (not mentioned anywhere also). Bursa CDS will be inactive if no trade in 36 months (3 years).

Extra note, cash kept in cash or contra account gain interest 2.5% pa, calculated based on daily rest - credited monthly. This is more than m2u savers account. Not guaranteed by PIDM - usual stuff.

rakuten client account t&c

This post has been edited by muhammadb: Mar 27 2019, 08:43 AM

+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.

Some small time investor, prefer privacy, so nominee CDS account is the way.
Quarterly report, get an online pdf version, easier, less messy to kept in the house or to throw it away.