Rakuten Securities review: Regulation, Trading Platform, Trading Instruments, Pros and Cons

Rakuten Securities emerges as an ASIC-regulated entity, boasting over twenty years in the realm of online trading. With its global presence and a diverse clientele, the firm presents numerous advantages, including fixed spreads and leverage options of 1:30 for retail investors and a staggering 1:400 for professional traders.

Dive into our comprehensive review of Rakuten Securities, unraveling insights into its trading platforms, available assets, and accepted payment methods. Our experts dissect the intricacies, guiding you on trade placements and optimizing the broker’s toolset.

Company History & Overview

Under the leadership of CEO Hiroshi Mikitani, Rakuten Securities pioneered Japan's online brokering landscape in 1999. Its reach now extends across Japan, Hong Kong, Australia, and Malaysia, catering to over 2.6 million clients. Beyond trading, the Rakuten conglomerate delves into diverse sectors, spanning communication, marketing, and entertainment. Notably, investments in sports, including partnerships with esteemed teams like FC Barcelona and the Golden State Warriors, bolstered its global presence and reputation.

This diverse portfolio has fortified Rakuten's stature, accumulating an estimated net worth of around $9 billion, signifying its substantial influence in the online brokerage sphere.

Trading Platform

Rakuten Securities relies on the renowned MetaTrader 4 (MT4) platform developed by MetaQuotes Software, a favored choice among forex traders globally. However, it exclusively supports MT4, lacking proprietary software. Compatible with various operating systems, MT4 empowers users with multiple time frames, pre-loaded indicators, and customization options through MQL4 language for tailored trading experiences.

Placing a Trade

Navigating Rakuten involves creating an account for access to MT4, followed by asset selection, analysis using provided tools, and executing trades via the platform’s intuitive interface.

Rakuten App

The MT4 trading platform extends to mobile devices, granting traders on-the-go access to market data, analysis tools, and trade execution capabilities.

Assets & Markets

Rakuten Trade presents a moderate range of 70+ instruments, primarily focusing on forex pairs, limited stocks, and a sole cryptocurrency offering.

Fees & Spreads

Fixed spreads starting at 0.5 pips across currency pairs streamline costs for beginners, while seasoned traders might find variable spread systems elsewhere more appealing.

Leverage

Leverage options vary based on the account type, offering ranges from 1:30 for retail accounts to 1:400 for professional tiers, aligning with industry standards.

Rakuten Securities Accounts

Rakuten caters to diverse trading needs with retail accounts as a foundation, offering progression to pro accounts with higher leverage and tailored benefits.

How to Open a Live Account

Initiating a Rakuten Securities account involves a multi-step process, ensuring compliance and security measures for account activation.

Demo Account

A free MT4 demo account aids in practicing strategies and honing trading skills, providing a risk-free environment for learning.

Rakuten Payment Methods

The broker supports various deposit and withdrawal methods without associated fees, ensuring swift transactions for traders.

Regulations & Licensing

Regulated by ASIC, Rakuten segregates client funds, ensuring trader protection and legitimacy within the industry.

Additional Features

Copy Trading and educational resources enrich the Rakuten Securities experience, offering insights for both novice and seasoned traders.

Customer Support

Accessible customer service channels, including live chat and diverse social platforms, facilitate quick query resolution.

Safety & Security

Rakuten Securities, backed by ASIC regulation and a robust corporate history, provides a secure trading environment.

Rakuten Securities Verdict

A stalwart in the online brokerage arena, Rakuten Securities stands tall with its array of assets, MetaTrader 4 compatibility, and ASIC regulation. The addition of copy trading fortifies its appeal, particularly for novices in Australia and Asia.

Pros and Cons

Pros:

• Low minimum deposit and fixed spreads cater to beginners
• User-friendly copy trading functionality
• Extensive user base and MetaTrader 4 accessibility
• Regulated by ASIC, ensuring reliability

Cons:

• Limited asset variety sans stocks
• Higher fees on select instruments
• Sole reliance on a single trading platform without a floating spread solution

Rakuten Securities Broker Details

Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.