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 Rakuten Trade, A new online trading platform

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SUSxander83
post Oct 15 2021, 04:24 PM

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QUOTE(ehwee @ Oct 15 2021, 02:00 PM)
Still no access to buy international stocks as they has been said also as long till now.
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The problems with their development especially connecting multiple live exchanges with a partner broker hence it will be delayed as always Malaysians style doh.gif
SUSxander83
post Oct 18 2021, 02:32 PM

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QUOTE(LalaluSan @ Oct 18 2021, 01:18 PM)
Only applicable to Rakuten platform?
I did checked on maybank DRP doc, found those stamp duty fees etc required when participating.

[attachmentid=11014024]
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Rakuten absorb the fees most likely still have to pay some sort of stamp duty’s in the future
SUSxander83
post Oct 18 2021, 05:46 PM

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QUOTE(LalaluSan @ Oct 18 2021, 05:11 PM)
Any guide on how is it done for rakuten?
My friend send me this link (http://investor.boardroomlimited.com), but since rakuten using nominee account, I don't think this applicable right?
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Go check on Rakuten app and it will prompt from there’s if Maybank is in your holdings

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 doh.gif

Just whatsapp Rakutan for more info’s

This post has been edited by xander83: Oct 18 2021, 05:55 PM
SUSxander83
post Nov 6 2021, 10:08 PM

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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?

for example, they are 1000 lots purchased, and only wish to pick up 500 lots.
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When you set trade the number lots are fixed when you put up the trade at the price itself for it to be matched

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 doh.gif
SUSxander83
post Nov 7 2021, 09:19 PM

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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.
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Doesn’t matter whether contra or cash because market mechanism is through price matching with volume doh.gif

The only way is to do it via seperate trades doh.gif
SUSxander83
post Nov 7 2021, 10:36 PM

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QUOTE(IwanAGP @ Nov 7 2021, 10:18 PM)
you still don't get it...

He'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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Answers all at https://www.rakutentrade.my/faqs/contra-tra...-by-t-2-at-11pm
SUSxander83
post Nov 8 2021, 07:24 PM

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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....
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.
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Check with Rakuten for manual pick up but I doubt they will do because the cost involved with it

It won’t be cheap as they might charge you as odd lot pricing doh.gif
SUSxander83
post Jan 18 2022, 11:32 AM

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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?

Isn't that a really good deal compared to say, fundsupermart? I remember they charge USD$8 for such transactions

https://www.rakutentrade.my/fees
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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
SUSxander83
post Jan 20 2022, 02:10 AM

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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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Because of execution and timing which is troublesome if moving through too many channels doh.gif
SUSxander83
post 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?

- 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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One is official closing price while the other is after market hours trading price
SUSxander83
post Feb 6 2022, 08:40 AM

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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.

You can open up and compare as well if you have a Rakuten account.
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Yahoo pricing is taken from Nasdaq for Microsoft while Rakuten is using data from CBOE as reference price

Not too sure on whether price execution upon market trading hours as it might vary from market makers
SUSxander83
post Feb 6 2022, 11:06 PM

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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.

My question is, why would Rakuten reject this order instead of letting the order stay until executed ?
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You need to ask the market maker IBKR why because it is routed through them
SUSxander83
post Feb 6 2022, 11:23 PM

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QUOTE(gooroojee @ Feb 6 2022, 11:08 PM)
This fact is well known, and unfortunately it doesn't answer my question though.
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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 risk

But it is most likely possibility the market maker IBKR is rej3cting the order itself
SUSxander83
post Feb 11 2022, 01:51 AM

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QUOTE(IMAX @ Feb 10 2022, 11:15 PM)
any idea how come I unable to find GRAB in Rakuten Trade?
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You need to ask Rakuten but opportunity missed after this morning jump doh.gif

QUOTE(cms @ Feb 11 2022, 12:26 AM)
Possibly not all US shares are available? I realize some ETFs are not available too.
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There is a list of ETF iinm only around 100 listed can be bought through them and most of it are the major ones
SUSxander83
post Feb 19 2022, 02:52 AM

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QUOTE(SwarmTroll @ Feb 19 2022, 12:23 AM)
Mine activated on 21st Jan, no notification lol. Were we suppose to do anything else specific?
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Random draw
SUSxander83
post Feb 20 2022, 02:15 AM

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QUOTE(IMAX @ Feb 20 2022, 01:46 AM)
whats the process of cancelingl my margin acc?
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Email their customer service
SUSxander83
post Feb 23 2022, 03:17 AM

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QUOTE(JimK @ Feb 22 2022, 07:39 PM)
guys-  is RAKUTEN trade cheapest for overseas trade now among local brokers?
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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
SUSxander83
post Mar 4 2022, 04:56 AM

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QUOTE(Davidtcf @ Mar 3 2022, 06:07 PM)
Yours double my value. Should be thankful haha.

Disappointed they gave us cheap stocks. Better open Moomoo or Tiger brokers deposit 2-2.5k SGD get one Apple stock.
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Basically gimmick to covers your trade costs doh.gif
SUSxander83
post Apr 2 2022, 05:29 PM

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QUOTE(memorylane @ Apr 2 2022, 01:38 PM)
user posted image
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?
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SEC Fee (US):
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 doh.gif

Go check with them as FX rate at 3.8+ is really problematic on your calculation doh.gif
SUSxander83
post Apr 5 2022, 11:04 PM

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QUOTE(VonHalrius @ Apr 5 2022, 10:03 PM)
Any plans for rakuten to include Ireland domiciled ETFs in future?
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Not possible due to Malaysia tax framework and BNM and SC will interfere with it doh.gif

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