QUOTE(ehwee @ Oct 15 2021, 02:00 PM)
The problems with their development especially connecting multiple live exchanges with a partner broker hence it will be delayed as always Malaysians style Rakuten Trade, A new online trading platform
Rakuten Trade, A new online trading platform
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Oct 15 2021, 04:24 PM
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#1
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Oct 18 2021, 02:32 PM
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#2
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Oct 18 2021, 05:46 PM
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#3
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QUOTE(LalaluSan @ Oct 18 2021, 05:11 PM) Any guide on how is it done for rakuten? Go check on Rakuten app and it will prompt from there’s if Maybank is in your holdings My friend send me this link (http://investor.boardroomlimited.com), but since rakuten using nominee account, I don't think this applicable right? Doesn’t matter nominee or self’s account as if you want waive the charges the only way now is through them as will aggregate and absorb the charges for now Just whatsapp Rakutan for more info’s This post has been edited by xander83: Oct 18 2021, 05:55 PM |
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Nov 6 2021, 10:08 PM
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#4
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QUOTE(Batman @ Nov 6 2021, 01:13 PM) is it a possible way to pick up only partially of the stocks? because of insufficient fund? When you set trade the number lots are fixed when you put up the trade at the price itself for it to be matched for example, they are 1000 lots purchased, and only wish to pick up 500 lots. There is no way you can do full 1000 only to match 500 because it is all set to be match in price and lot volume ultimately |
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Nov 7 2021, 09:19 PM
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#5
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QUOTE(IwanAGP @ Nov 7 2021, 01:43 PM) He's using Contra account, asking about picking up stock in Contra account. As the the stock he purchased on Contra, needed to be picked up (sort of like confirm pay money) before the end of T+2. No idea how to pickup partial. Doesn’t matter whether contra or cash because market mechanism is through price matching with volume The only way is to do it via seperate trades |
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Nov 7 2021, 10:36 PM
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#6
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QUOTE(IwanAGP @ Nov 7 2021, 10:18 PM) you still don't get it... Answers all at https://www.rakutentrade.my/faqs/contra-tra...-by-t-2-at-11pmHe's asking about Picking Up Stock. Example:- Today, you bought Maybank 1000 units in Contra account, when you buy on Contra, you are basically borrowing money from Rakuten to pay for this Maybank 1000 units It will show up in the Pickup Stock list with the due date on T+2, 2 trading days after the day you made the order. From the day you bought till T+2, you need to Pickup the stock by having sufficient funds inside your Contra account to offset for the sum that Rakuten paid for you. Once you pickup the stock, by end of day the fund will be transferred to Rakuten then the Maybank shares officially become yours. If never pick up, Rakuten will force sell on T+3 with their mechanism at market trading price (actual cost I've no idea). His question now is, if he bought 1000 units on Contra, can he only pickup 500 and let the system sell the balance 500 units? In the interface, it's only selecting the counter and selecting pickup, never allow to enter quantity to pickup. I got no idea how to answer his question. I'm not sure what will happen if he sold the stock partially before T+2 don't want anyhow advise haha. |
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Nov 8 2021, 07:24 PM
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#7
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QUOTE(Batman @ Nov 8 2021, 09:33 AM) thanks bro IwanAGP, you are right on my concerns....looks like no way to just pick up partially...and need to sell all then buy back some if i want ....wt.... Check with Rakuten for manual pick up but I doubt they will do because the cost involved with it edited: thanks bro xander83, i read the FAQ, seems like possible..just need to write email to them to ask for manual pickup those remaining stocks. It won’t be cheap as they might charge you as odd lot pricing |
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Jan 18 2022, 11:32 AM
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#8
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QUOTE(infested_ysy @ Jan 17 2022, 09:53 PM) Am I reading this right? I'll only get charged RM9 minimum per transaction of less than RM10k if I buy US shares through rakuten? You haven’t factored 1.1% FX spread which you would lose out another rm110 for every 10k you put inIsn't that a really good deal compared to say, fundsupermart? I remember they charge USD$8 for such transactions https://www.rakutentrade.my/fees So don’t think it is that’s cheap |
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Jan 20 2022, 02:10 AM
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#9
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Feb 5 2022, 09:20 PM
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QUOTE(axecapital @ Feb 5 2022, 11:41 AM) Anyone knows why there is a mismatch of share prices between Rakuten Trade and Yahoo Finance for US trading? One is official closing price while the other is after market hours trading price- MSFT closing price on 4/2 as per Yahoo Finance is $305.94 - MSFT closing price on 4/2 as per Rakuten Trade is $305.86 |
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Feb 6 2022, 08:40 AM
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#11
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QUOTE(axecapital @ Feb 5 2022, 09:40 PM) No, I’m comparing the official closing price from both as at 4pm EST and they are both different. Yahoo pricing is taken from Nasdaq for Microsoft while Rakuten is using data from CBOE as reference price You can open up and compare as well if you have a Rakuten account. Not too sure on whether price execution upon market trading hours as it might vary from market makers |
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Feb 6 2022, 11:06 PM
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#12
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QUOTE(gooroojee @ Feb 6 2022, 05:27 PM) Those trying to buy US shares on Rakuten, can I ask if you've observed your buy orders being rejected often? Example, you open up a buy order for a stock, e.g. Meta, and the price displayed is $240.288 , and you basically just choose the same price, then quantity, then hit order... Next thing you know, your order is rejected. Then you check the price again, and noticed it went up by a dollar plus. You need to ask the market maker IBKR why because it is routed through themMy question is, why would Rakuten reject this order instead of letting the order stay until executed ? |
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Feb 6 2022, 11:23 PM
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#13
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QUOTE(gooroojee @ Feb 6 2022, 11:08 PM) executing brokers that can’t accept orders for a particular stock or limit order is too aggressive or incorrectly placed a stop order or stock executed a split or Margin call riskBut it is most likely possibility the market maker IBKR is rej3cting the order itself |
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Feb 11 2022, 01:51 AM
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#14
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QUOTE(IMAX @ Feb 10 2022, 11:15 PM) You need to ask Rakuten but opportunity missed after this morning jump QUOTE(cms @ Feb 11 2022, 12:26 AM) There is a list of ETF iinm only around 100 listed can be bought through them and most of it are the major ones |
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Feb 19 2022, 02:52 AM
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#15
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Feb 20 2022, 02:15 AM
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Feb 23 2022, 03:17 AM
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QUOTE(JimK @ Feb 22 2022, 07:39 PM) Fee wise yes but you will lose out because when trade often you will lose out on FX spread as buy and sell are in RM base currency only to be converted on USD hold8ngs when starting to trade as they don’t have FX cash account unlike FSMone |
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Mar 4 2022, 04:56 AM
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#18
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Apr 2 2022, 05:29 PM
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QUOTE(memorylane @ Apr 2 2022, 01:38 PM) ![]() Anyone (or Rakuten Admin) familiar with Rakuten Trade US trading FX rate? how come the exchange rate for the realized profit (after minus out the trading fee already) so low 3.865? (compare to the indicated Rate) Rakuten is earning from the FX spread is it? Anyone have idea can enlighten me? 0.00051% on trading value with a min fee of USD 0.01 FINRA Fee (US): 0.013% per share with a min. fee of USD 0.01 (capped at USD 6.49) Stamp Duty Fee and maximum amount is depended on stock type Full list here US Shares: MYR 1.50 for every MYR 1,000.00 contract value, maximum MYR 1000.00 US ETF: MYR 1.00 for every MYR 1,000.00 But these fees shouldn’t be that much not less than rm100 Go check with them as FX rate at 3.8+ is really problematic on your calculation |
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Apr 5 2022, 11:04 PM
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