FAQs
Day Trade Rebate Program is applicable when you buy and sell shares and they are successfully matched for the same counter on the same day. The rebate amount will be based on the buy or sell trade/s’ brokerage charges whichever is lower.
*Day Trade Rebate amount is determined by the SELL trading value (quantity x SELL price) based on Rakuten Trade's brokerage fees.
*Please refer to the simulated brokerage rebate calculation below. Illustrations below serve as an example of the calculation only.
Example 1:
|
Day |
Stock |
Transaction |
Quantity |
Unit Price |
Trading Value |
Brokerage |
|
T Day |
Stock A |
BUY |
500 |
1.00 |
RM500 |
RM5.00 |
|
T Day |
Stock A |
SELL |
500 |
1.50 |
RM750 |
RM9.00 |
|
EOD |
Stock A |
REBATE |
500 |
1.50 |
RM750 |
RM9.00 |
- T-day is the transaction (buy/sell) date. EOD is end of the day.
- Day Trade Rebate will not be affected by the sequence of the Buy or Sell order(s).
Example 2:
|
Day |
Stock |
Transaction |
Quantity |
Unit Price |
Trading Value |
Brokerage |
|
T Day |
Stock A |
SELL |
500 |
0.90 |
RM450 |
RM4.50 |
|
T Day |
Stock A |
BUY |
500 |
1.00 |
RM500 |
RM5.00 |
|
EOD |
Stock A |
REBATE |
500 |
0.90 |
RM450 |
RM4.50 |
- T-day is the transaction (buy/sell) date. EOD is end of the day.
- Day Trade Rebate will not be affected by the sequence of the Buy or Sell order(s).
Example 3:
|
Day |
Stock |
Transaction |
Quantity |
Unit Price |
Trading Value |
Brokerage |
|
T Day |
Stock A |
BUY |
1,000 |
2.00 |
RM2,000 |
RM9.00 |
|
T Day |
Stock A |
SELL |
300 |
2.20 |
RM660 |
RM6.60 |
|
EOD |
Stock A |
REBATE |
300 |
2.20 |
RM660 |
RM6.60 |
- T-day is the transaction (buy/sell) date. EOD is end of the day.
- Day Trade Rebate will not be affected by the sequence of the Buy or Sell order(s).
- If the Buy quantity > Sell quantity, the rebate will be capped based on the Sell quantity.
Example 4:
|
Day |
Stock |
Transaction |
Quantity |
Unit Price |
Trading Value |
Brokerage |
|
T Day |
Stock A |
BUY |
400 |
2.00 |
RM800 |
RM9.00 |
|
T Day |
Stock A |
SELL |
1,000 |
2.00 |
RM2,000 |
RM9.00 |
|
EOD |
Stock A |
REBATE |
400 |
2.00 |
RM800 |
RM9.00 |
- T-day is the transaction (buy/sell) date. EOD is end of the day.
- Day Trade Rebate will not be affected by the sequence of the Buy or Sell order(s).
- If the Sell quantity > Buy quantity, the rebate will be capped based on the Buy quantity.
Example 5:
|
Day |
Stock |
Transaction |
Quantity |
Unit Price |
Trading Value |
Brokerage |
|
T Day |
Stock A |
BUY |
10,000 |
3.00 |
RM30,000 |
RM30.00 |
|
T Day |
Stock A |
SELL |
6,000 |
2.10 |
RM12,600 |
RM12.60 |
|
T Day |
Stock A |
SELL |
4,000 |
2.50 |
RM10,000 |
RM10.00 |
|
T Day (after amalgamation) |
Stock A |
SELL |
10,000 |
2.26 |
RM22,600 |
RM22.60 |
|
EOD |
Stock A |
REBATE |
10,000 |
2.26 |
RM22,600 |
RM22.60 |
- T-day is the transaction (buy/sell) date. EOD is end of the day.
- Day Trade Rebate will not be affected by the sequence of the Buy or Sell order(s).
- If multiple sell orders for same stock on same day are executed, the contract will be amalgamated at the end of the day.
- The rebate will be capped at the Buy/Sell quantity (whichever is lower) and will be based on the sell average price.
Will I enjoy the Day Trade Rebate Program if I buy and sell the same counter on the same day with Cash Upfront account?
No. Day Trade Rebate Program is only applicable for Contra Account.
The rebate will happen after the amalgamation of the contract after trading hours.
No. RT points credited based on brokerage fee paid will not be awarded under the Day Trade Rebate Program.
Force selling will incur at the normal brokerage charges, as per usual practice. With this new program, you will be entitled to the sell brokerage rebate if both a force sell trade and buy trade are executed successfully on the same counter and on the same day.
*In the event that the Force Sell quantity > Buy quantity, the rebate will be capped at the Buy quantity x Force Sell price.
*If the Force Sell, Normal Sell and Buy for the same stock happens on the same day, “first in – first out” (“FIFO”) principle will be used to determine the rebate based on Force Sell and Normal Sell price.
*Please refer to the simulated brokerage rebate calculation below. Illustrations below serve as example of the calculation only.
Example 1:
|
Date |
Stock |
Transaction |
Quantity |
Unit Price |
Trading Value |
Brokerage |
|
1st Mar (T+3 Day) |
Stock A |
FORCE SELL |
6,000 |
3.00 |
RM18,000 |
RM18.00 |
|
1st Mar |
Stock A |
BUY |
5,000 |
3.30 |
RM16,500 |
RM16.50 |
|
1st Mar (EOD) |
Stock A |
REBATE |
5,000 |
3.00 |
RM15,000 |
RM15.00 |
1. T+3 Day is the force selling date, four days after the transaction took place.
2. If the Force Sell quantity > Buy quantity, the rebate will be capped at the Buy quantity x Force Sell price.
Example 2:
|
Date |
Stock |
Transaction |
Quantity |
Unit Price |
Trading Value |
Brokerage |
|
1st Mar (T+3 Day) |
Stock A |
FORCE SELL |
6,000 |
2.50 |
RM15,000 |
RM15.00 |
|
1st Mar |
Stock A |
SELL |
5,000 |
3.00 |
RM15,000 |
RM15.00 |
|
1st Mar |
Stock A |
BUY |
8,000 |
3.20 |
RM25,600 |
RM25.60 |
|
1st Mar (EOD) |
Stock A |
FORCE SELL REBATE |
6,000 |
2.50 |
RM15,000 |
RM15.00 |
|
1st Mar (EOD) |
Stock A |
SELL REBATE |
2,000 |
3.00 |
RM6,000 |
RM9.00 |
1. T+3 Day is the force selling date, four days after the transaction took place.
2. If the Force Sell, Normal Sell and Buy for the same stock happenes on the same day, “first in – first out” (“FIFO”) principle will be used to determine the rebate based on Force Sell and Normal Sell price.
For more information about force selling, please refer to the relevant FAQ.
The total sell brokerage rebate will be shown in your monthly statement or in the “cash movement history” screen which is available under the account page on both the website and the iSPEED.my app.
