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 Rakuten Trade, A new online trading platform

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tadashi987
post May 7 2020, 12:35 AM

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QUOTE(FWDtech @ May 6 2020, 11:10 AM)
Guys, does anyone have the same problem such as missing profits? For example, you multiply the quantity of stocks bought with the difference in the price of stock which you bought and then sold for a profit. Then you deduct all the relevant fees stated by Rakuten i.e the brokerage fee, stamp duty, clearing fee and ST. But still missing some funds. Why it is so?
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it shouldn't be, if ur calculation is wrong mean others would be wrong too.

are u sure ur calculation is correct, just to confirm, you did deduct both buy and sell's fee right sweat.gif

This post has been edited by tadashi987: May 7 2020, 12:36 AM
tadashi987
post Aug 25 2020, 11:21 PM

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QUOTE(hellkvr @ Aug 25 2020, 06:40 PM)
Rakuten seems to improved alot. I hope by the time end of september they have fully ugrade theirs system
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yeah, by this they're still able to hold customers thou reputation is spoilt a bit, since so far only they are able to support the fastest account opening doh.gif
tadashi987
post Aug 30 2020, 12:25 AM

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QUOTE(coolguy99 @ Aug 29 2020, 08:33 AM)
Their maintenance work is scheduled to complete in September?
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from rakuten: Upgrades have started and are being rolled out in phases. We expect to complete this by 20 September 2020
tadashi987
post Sep 1 2020, 01:25 PM

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QUOTE(kucingfight @ Sep 1 2020, 01:02 PM)
continuous upgrades since may..lol ...
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should be a heavy maintenance or upgrade, to the level of backend refactor or architecture whistling.gif
tadashi987
post Jan 14 2022, 05:59 PM

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QUOTE(Murasaki322 @ Jan 12 2022, 12:20 AM)
user posted image

Using IBKR eh.

What's the value proposition here that users would not open their own IBKR account on www.interactivebrokers.com? Only $0.35 USD per trade.
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so they act as introducing broker just like Tradestation Global but their fee is way higher, earning commission from the differences of commission between rakuten-IBKR lite hmm.gif
tadashi987
post Jan 16 2022, 10:04 PM

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QUOTE(jutamind @ Jan 16 2022, 12:31 PM)
Is the charge based on per US stock purchase (per ticker) or per purchase transaction (that might consist of few stocks at one time)?
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most likely will be per ticker.

on the side note, just played with their cash deposit calculate, seems they are earning from the FX rate as well,
their FX spread is a bit on the high side compare to FSM
tadashi987
post Jan 19 2022, 10:11 AM

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QUOTE(xander83 @ Jan 18 2022, 11:32 AM)
You haven’t factored 1.1% FX spread which you would lose out another rm110 for every 10k you put in

So don’t think it is that’s cheap  doh.gif
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true,i think FSM has better FX rate
tadashi987
post Jan 20 2022, 04:17 PM

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QUOTE(Xflkekw @ Jan 19 2022, 09:16 PM)
Why not just use IBKR? Only cost 0.35 USD (< RM 2) per trade and the FX rate in Wise is pretty good.
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the hassle of going through much channels + hassle of opening a SG banks acc
tadashi987
post Jan 21 2022, 12:11 PM

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QUOTE(evangelion @ Jan 21 2022, 11:17 AM)
Can share what's the rate/spread? notworthy.gif
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user posted image

i didnt really use their service but merely playing with their calculator this is what i got

check XE rate as of i posting is 4.1867588

This post has been edited by tadashi987: Jan 21 2022, 12:12 PM

 

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