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 Rakuten Trade, A new online trading platform

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rocketm
post May 31 2020, 04:51 AM

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Hi guys,

Do we need to report dividend received during ur income tax submission. Anyone can explain how to get the figure? Is it report under other income or as the main income in the tax submission?
rocketm
post May 31 2020, 10:09 AM

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QUOTE(Cubalagi @ May 31 2020, 09:45 AM)
Dividends from Malaysian stocks are tax exempt (or more accurately tax has already been paid under the single tier tax system) . I don't report it.
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Thanks for the reply.
rocketm
post Jun 20 2020, 12:12 AM

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I saw a share that I would like to buy after the market close for trading, may I know will my transaction will be in queue and match my order on Monday is I submit my order on Sunday?
rocketm
post Jun 24 2020, 12:00 AM

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May I confirm whether my understanding on RT contra account is correct?

I saw the FnQ mentioned that cash is 100% collateral in contra account, is it mean that we can place order using just enough cash, rather than we need to have 30% buffer using cash account?

Once the order using contra account has been matched, then we need to do some setting to top up the cash that being collaterised in contra account within 2 days, otherwise RT will sell the stock.

Is it compulsory to use multiplier in contra account? It allows unit holder to buy more stock if currently they do not have sufficient money, just top up the money within 2 days. The multiplier is based on the allowable multiplier value stated in the respective stock. The amount that the unit holder can place order using multiplier is based on the cash value already in the contra account and the allowable multiplier value.
rocketm
post Jun 24 2020, 12:56 AM

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QUOTE(IwanAGP @ Jun 24 2020, 01:49 AM)
Why do you need 30% buffer for cash account?

Cash and paid shares determine your collateral value. The share you buying will have a multiplier of 1x 3x 5x depending on the counter itself. Paid shares depending on type of counter have different collateral value. You can find more on this info from their website. You can have 0 cash but holding a few paid shares and still make purchase on multiplier as those shares also count towards collateral. In case you never top up for stock pick up, RT has the rights to sell the contra shares and even sell your paid shares to cover if the contra is at loss.
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In cash account, I experience few times it shows exceed trading limit when I place order even I have sufficient money to buy the stock. I read on another forum that cash account need 30% buffer, so not sure is it true or not.

But contra account if not using the multiplier still can place order with just sufficient money.
rocketm
post Jul 15 2020, 02:40 AM

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I noticed that RT can buy Malaysia ETF.

May I know does the costs involve are brokerage fee, clearing fee and sst? Will RT also deduct the management fee, trustee fee and index licence fee?
rocketm
post Jan 22 2021, 12:43 PM

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QUOTE(joeblow @ Jan 22 2021, 11:50 AM)
Thank you for your reply. Looks like I better open one Rakuten account soon.
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Hi, I just PMed you. Pls check your message box.

 

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