Rakuten Securities Review 2019

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Rakuten SecuritiesReview

Rakuten Securities Review

Although Rakuten Securities Australia was only recently established in 2016, its roots date back as far as 1999. The broker is part of the Japanese broker Rakuten Securities Inc. that has serviced more than 2.2 million clients in the Asia Pacific region since the beginning of the new millennium. Today, Rakuten Securities through its subsidiaries has operations in Japan, Hong Kong, Australia and most recently Malaysia. As a leading international broker, Rakuten Securities offers online trading services to its clients for currency pairs, commodities, indices and Contracts for Difference (CFDs). In keeping with its traditions, Rakuten Securities aims to offer its clients tight spreads and dedicated customer support.

Rakuten Securities Video Review

Rakuten Securities Regulations

In terms of regulatory oversight, Rakuten Securities is regulated by different regulatory agencies in different parts of the world.  In Hong Kong, Rakuten Securities is regulated by the SFC of Hong Kong under the AFSL number 418036. In Australia, its operations come under the jurisdiction of the Australian Securities & Investments Commission. For its Malaysian operations, Rakuten Securities is regulated by the Securities Commission Malaysia.  In Japan, Rakuten Securities is regulated by the Financial Services Agency (FSA) Japan. The broker is also a member of The Financial Futures Association of Japan, the Commodity Futures Association of Japan and the Japan Securities Dealers Association.

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Rakuten Securities Reliability

Since Rakuten Securities began its operations in 1999, the broker has always subscribed to the fundamental corporate philosophy of being a good broker. The broker operates with professionalism and is constantly innovating and improving its services.  To help gain the trust of its clients, the broker has voluntarily subjected itself to regulatory oversight in different parts of the world. This ensures that Rakuten Securities’ clients’ funds are handled in accordance with all regulatory requirements.

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Rakuten Securities Australia Trading Platforms

For access to the financial markets, Rakuten Securities Australia has provided its clients with the industry proven MetaTrader 4 trading platform. Also known as the MT4 platform, this platform features numerous advanced trading tools such as interactive charts, it supports multiple order types and algorithmic trading. It has an extensive library of technical indicators which you can overlay onto your trading charts and the charts can be displayed with 9 different timeframes. The MT4 platform also comes with the MQL4 Language which advanced traders can use to develop their own expert advisors for automated trading.

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Rakuten Securities Australia Mobile Trading

For traders that wish to trade directly from their smartphones or mobile devices, Rakuten Securities Australia has also provided this category of traders with the MT4 mobile trading app which they can download for free. The mobile trading app is available for both iOS and Android-powered devices and supports a full array of trade orders. It also has built-in technical indicators which allow mobile traders to conduct their own market analysis.

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Rakuten Securities Australia Trade Types/Instruments

While Rakuten Securities offers online financial trading services for a wide range of products, Rakuten Securities Australia focuses on offering spot trading services for currency pairs. Currently, there are approximately 40 different currency pairs which Rakuten Securities Australia can trade in with their MT4 trading platform. In addition to currency pairs, Rakuten Securities Australia’s traders can also deal in CFDs for precious metals such as Gold and Silver.

Rakuten Securities Australia Account Types 

In terms of trading accounts, Rakuten Securities Australia offers 3 different types of trading accounts.  They consist of the following:

  • Individual / Joint
  • Trust / Superannuation
  • Corporate / Partnership

The minimum deposit requirement for these accounts is just AUD$50. Minimum trading lot size is 0.01 lot with the maximum leverage being 1:100.

Rakuten Securities Australia Commissions & Spreads

One of the most striking features of Rakuten Securities Australia is the spreads which the broker is able to offer to its clients. While traders of Rakuten Securities Australia are able to enjoy the benefit of dealing with an ASIC regulated broker, they are also able to enjoy ultra-low spreads that are priced according to Japanese Retail FX pricing. The spreads are fixed the majority of the time and there are no additional commissions imposed on top of the spreads. To give you an idea of the trading conditions that are available at Rakuten Securities Australia, below is a table showing some of the typical spreads that are available for frequently traded currency pairs.

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Instrument

Spreads (in pips)

AUD/JPY 12 pips
AUD/USD 0.5 pips
EUR/GBP 1 pip
EUR/USD 0.5 pip
GBP/JPY 1 pip
GBP/USD 0.8 pips
NZD/USD 1.9 pips
USD/CAD 1.6 pips
USD/CHF 1.6 pips
USD/JPY 0.6 pips

Rakuten Securities Australia Deposits & Withdrawals Options

One of the biggest strengths that Rakuten Securities Australia possesses is the ability to support a wide range of payment methods. You can fund your account by bank wire transfer through bank cards such as VISA or MasterCard, Amex, and eWallets. Rakuten Securities Australia also accepts a deposit of Bitcoin cryptocurrency through Neteller or Skrill.

As for withdrawals at Rakuten Securities Australia, the methods used will depend on the source of funding. If the original source of the trading funds is by bank wire transfer, then the withdrawal must be made through bank wire transfer. This is due to the need of Rakuten Securities Australia to comply with international anti-money laundering legislation. Usually, the withdrawal process is completed instantly if it is made through an eWallet. However, for bank wire transfer, the process can take up to 5 business days to complete.

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Rakuten Securities Australia Bonus & Promotions

For new traders signing up with Rakuten Securities Australia, the broker is currently running a promotion giving away a free genuine FC Barcelona jersey to the first 200 entrants that trade with at least 5 lots.

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Rakuten Securities Australia Customer Support

The support service at Rakuten Securities Australia is available from 9am-5pm, Monday to Friday. Traders can contact the support team either through email, live chat or by the telephone.

Pros

  • Professional Customer Support Team
  • Regulated broker
  • Reliable Trading platform
  • Reputable broker
  • Ultra Tight spreads

Cons

  • No WebTrader
  • No multilingual support

Rakuten Securities Q&A

  • Is Rakuten Securities regulated?

Yes, Rakuten Securities is a regulated broker. The broker is regulated by several regulatory agencies depending on the jurisdiction which the broker is based in. In Japan, it is regulated by the FSA Japan. In Hong Kong, the broker is regulated by the SFC. For Australia and Malaysia, the regulatory bodies that are in charge of regulating the broker are ASIC and the Securities Commission Malaysia respectively.

  • Where is Rakuten Securities based?

The firm has several offices around the world. Currently, its offices are located in Japan, Hong Kong, Australia, and Malaysia.

  • How does Rakuten Securities make money?

The broker makes its money by charging its traders a spread on the trades that they made on its trading platform.

  • How to deposit in Rakuten Securities account?

To deposit funds into a Rakuten Securities account, you can do so by bank wire transfer, credit cards or through an eWallet.

  • How to withdraw money from Rakuten Securities?

Withdrawal of funds must be through the source of the original funds.

  • How to open an account with Rakuten Securities?

To open a trading account at Rakuten Securities Australia, simply fill up the registration form and submit it with all the relevant documentation.

  • Is Rakuten Securities reliable?

Yes, Rakuten Securities is a reliable broker. It has been operational since 1999 and is regulated by several regulatory agencies around the world.

  • Does Rakuten Securities use MetaTrader?

Yes, Rakuten Securities uses the MetaTrader 4 trading platform.

  • What is Rakuten Securities’s leverage?

They offer a maximum leverage of 1:400.

  • Is Rakuten Securities a scam?

No, Rakuten Securities is not a scam. It is a legitimate forex broker that is part of the Rakuten Group from Japan.

  • How safe Rakuten Securities?

Rakuten Securities is a safe broker as it abides by all regulatory requirements imposed on it by the regulatory agencies.

Conclusion

There is no doubt that Rakuten Securities Australia is able to offer much more for traders than the majority of the forex brokers in the industry. For example, as part of the Rakuten Group, Rakuten Securities Australia enjoys the backing of an international conglomerate with a market capitalization of $14.2 billion. The fact that the broker is also an official sponsor of FC Barcelona demonstrates that it is in a solid financial position. Not only is Rakuten Securities Australia able to offer security to its traders, they also get to enjoy ultra-low transparent spreads.  With an advanced trading platform, low spreads and the security of being a regulated broker, there is no doubt that Rakuten Securities Australia will be the broker of choice for most traders.

Rakuten SecuritiesOverview

Company Information

Broker DetailsInfo
Regulated byASIC
Headquarters CountryAustralia
Foundation Year2016
Publicly TradedYes
Number Of Employees200

Deposit Options

Moneybookers, Neteller, Poli, Skrill, Wire Transfer

Withdrawal Options

Moneybookers, Neteller, Skrill, Wire Transfer

Trading Account Options

Account TypeInfo
Min. Deposit$50
Max. Leverage1:100
Mini AccountNo
Demo AccountYes
Premium AccountNo
Segregated AccountYes
Islamic AccountYes

Rakuten Securities Trading Features

Suitable For

Trader LevelYes/No
BeginnersYes
ProfessionalsYes
ScalpingYes
Day TradingYes
Weekly TradingYes
Swing TradingYes
Social TradingNo

Customer Service

TimeYes/No
24 Hours SupportNo
Support During WeekendsNo

Customer Support Languages

Chinese, English, Japanese, Korean, Romanian

Trading Services

ServiceInfo
Supported Trading PlatformsMT4
Educational ServiceYes
SignalYes
OCO OrdersYes
Trailing SP/TPYes
Automated TradingYes

Supported Instruments

Instrument TypeYes/No
CurrenciesYes
CommoditiesYes
CFDsYes
IndicesNo
ETFsNo
StocksNo
BondsNo
CryptocurrenciesNo

Rakuten SecuritiesPromotions

Promotion infoOfficial Site
FC Barcelona T-shirt Promotion
Free FC Barcelona T-shirt after 5 lots traded. $50 min deposit
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Rakuten SecuritiesUser Reviews

Rate this broker
  • 5.0
    Best Spread EURUSD 0.5 pip fix
    Apichart
  • 5.0
    They have good spreads
    Patrick
  • 4.0
    ASIC Regulated Broker
    Evan
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