New To Investing Completely Online?
Investing can be intimidating, especially for someone with no prior trading experience or who isn't used to a completely digital platform. Not to worry, we're here to show you simple steps to get you up and running easily. And remember because we are a completely digital broker which means you can open an account and receive approval within an hour!
Now, remember a lot of brokers design their services around corporate investors and not for individuals first...unlike at Rakuten Trade. PLUS as we don't have those fancy branches or middlemen like remisiers or dealers, our brokerage rates (like agency fees) are alot lower than most brokers in Malaysia. It doesn't mean, though, that we're a no frills broker.
We provide access to trading ideas that are simple and easy to understand, customer support members (all licensed) during market hours via email, webchat or for a phone call and every engagement earns you rewards!
STEP 1
Choose The Right Account
Hold Up To 3 Accounts
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- Cash Upfront Account: Similar to a debit card, it lets you trade with your available cash. At Rakuten Trade, it provides access to trading in Malaysia, the US, and Hong Kong. Just don’t forget to opt in for foreign marketing trading.
- Contra Account: Ideal for day traders and frequent stock traders. It's like a charge card, offering an increased trading limit based on available funds or shares (up to 5x) placed as collateral. Settlement is required within 2 days. It’s complemented with a Day Trade Rebate Program.
- RakuMargin Account: Like a credit card, it's a unique offering in Malaysia, with an automatic facility limit of RM200,000. If you need a higher limit, you can request one, subject to terms and conditions of course.
STEP 2
Get Ready To Sign Up!
Online Account Opening
Sign up to trade multi markets – Malaysia, US and Hong Kong - to unlock a seamless digital trading experience. The Rakuten Trade account opening form takes less than 8 minutes to complete and approval within 1 hour.
Just have your NRIC or Passport on hand to complete the form.
And remember...as a full fledged digital stockbroker, we DO NOT employ any agents or marketing representatives. We do though collaborate with social educators who provide information on digital trading and Rakuten Trade.
STEP 3
Deposit Funds & Earn Interest
Fast Online Transfers
For deposits below RM200,000, just perform a simple online bank transfer like you would normally.
For share transfer in, let your current broker know and they'll process it. We don't charge a transfer in fee and instead we'll give you 1 RT Point for every RM10 share value.*
STEP 4
Download iSPEED.my
Trade On The Go...
Our iSPEED.my app is a localized version of Japan's leading mobile app specifically designed for individual traders like yourself. The app allows you to manage your trading activities conveniently or while on the go.
STEP 5
Top Traded Stocks By Our Traders
Get Started
Ready to trade but don't know where to start? Here's 3 different ways how our RakuRangers typically start trading.
- Trade shares traded by 1st timers
- Trade companies' issuing dividends
- Trade Top counters or top gainers (accessible when you login and access Marketlive!)
psst... if you've activated your account in less than 30 days, your 1st trade brokerage is on us!
