What are the differences between the three Rakuten Accounts available on signup?

1. Basic: Cash Upfront Account is simple enough to understand. Top up and purchase.

2. Dual: Contra Account seems to give two extra things from the basic Cash Upfront Account:
- Increased trading limit of up to 5x more based on your collateral and intended share to BUY.
- Contra Day Trade brokerage rebate for same day, same counter trades.

Question: What constitutes my Collateral? is it 5x the Assets (Cash and Equity in the Account)? And, what exactly is a Contra Day Trade brokerage?

3. Combo: RakuMargin Account - Can trade up to RM100k margin.

Anyone can advise what the difference between the Dual and Combo Accounts? any hidden fees between them? it seems like the best option is to go for the Combo or Dual account if employed even if you aren't likely to use them because they give more RT points.

This post has been edited by poooky: Apr 11 2021, 03:38 PM

looks like rakuten finally open up for market. anyone have a quick rundown on the fees, and how it compares to ibkr route?