deposit:
- $50
Trading platform:
- MT4
- ASIC
Best alternatives for Rakuten Securities
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Summary of Rakuten Securities Trading Company
ATFX acquired Rakuten Securities. All accounts opened with Rakuten Securities have been transferred to the ATFX database, and Rakuten Securities has ceased to exist. Rakuten Securities clients and partners are encouraged to continue business with the regulated company ATFX.
👍 Advantages of trading with Rakuten Securities:
- minimum deposit of $50;
- narrow fixed spreads from 0.5 pips;
- license from ASIC.
👎 Disadvantages of Rakuten Securities:
- no cent (micro) accounts;
- clients do not have access to the MT5 platform and the MT4 web version;
- a limited range of trading instruments is available, for example, cryptocurrencies, stocks, binary options, futures, or bonds are not available.
- the broker does not work with traders from Russia and Ukraine;
- the website does not have a Russian version.
Geographic Distribution of Rakuten Securities Traders
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Latest Rakuten Securities News
Investment Programs, Available Markets and Products of the Broker
Rakuten Securities provides its clients with passive income without the need for independent trading. To do this, the broker offers to use two services for copying trades: Myfxbook and ZuluTrade. Clients of the company are unable to invest in PAMM accounts or investment portfolios with varying levels of risk.
ZuluTrade is a mobile social trading platform
Connecting to ZuluTrade allows investors to choose a trader to copy his transactions from thousands of registered professionals in 192 countries. The platform has its own ZuluRank evaluation algorithm for analyzing the effectiveness of a trading strategy, as well as the performance of signal providers. Participation in auto-trading allows the investor to copy the trades of experienced traders in real-time without having to sit in front of a computer all the time or undergo professional financial training.
The investor pays the trader a pre-agreed commission from his profit only if his trade is successful.
An investor can choose a provider based on total performance (pips earned over the whole trading period) or average pips per trade.
EU investors can only see traders from the Top 1000 who have been trading for more than 12 weeks and earn profits above 3 pips per trade.
The number of traders an investor can connect with is unlimited. An investor can simultaneously copy strategies with different levels of risk.
All trades are copied instantly with a speed of a few ms.
The broker does not charge a fee for connecting to the ZuluTrade platform, but the system does. The investor pays a margin of 1 pips on the spread above the broker’s spreads. The trader earns up to 0.5 pips for each lot closed on the investor’s real account. To be able to copy trades through ZuluTrade, the investor must deposit $1000 or more into the account.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Rakuten Securities referral program
The Introducing Broker (IB) program offers discounts of up to $14, or 60% of connected clients’ total trading spread.
The IB program enables partners to expand their own businesses in the Forex sector. Rakuten Securities provides introducing brokers with marketing materials, web banners, customized landing pages, and comprehensive analytics, allowing them to track potential clients and their subsequent trading activity.
Trading Conditions for Rakuten Securities Users
Trading conditions at Rakuten Securities are not suitable for all traders. The broker provides a limited range of trading instruments, including currency pairs, gold, silver, and indexes. The company’s clients are unable to trade cryptocurrencies, stocks, or futures. The maximum leverage is 1:400, and on a standard account, this value does not exceed 1:100, which is a fairly low indicator on Forex.
$50
Minimum
deposit
1:400
Leverage
16/5
Support
| 💻 Trading platform: | MT4 |
|---|---|
| 📊 Accounts: | Demo, Standard (1:100), High Leverage (1:400) |
| 💰 Account currency: | EUR, USD, GBP, AUD |
| 💵 Replenishment / Withdrawal: | Bank transfer, Skrill, Neteller, UnionPay, TransferWise, Bitcoin, Visa/Maestro/Amex bank cards |
| 🚀 Minimum deposit: | $50 |
| ⚖️ Leverage: | 1:100/1:400 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: |
From 0.5 pips (Standard) From 0.8 pips (High Leverage) |
| 🔧 Instruments: | 40 currency pairs, gold, silver, CFDs on indexes |
| 💹 Margin Call / Stop Out: | 40-70% / 20-50% |
| 🏛 Liquidity provider: | Rakuten Group (Tokyo) |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Instant execution |
| ⭐ Trading features: | Cryptocurrency trading is not available |
| 🎁 Contests and bonuses: | No |
Rakuten Securities Commissions & Fees
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | From $5 | Yes |
| High Leverage | From $7 | Yes |
Clients are given swaps for transferring a position to the next day.
TU experts also compared the size of the average trading fee (spread) charged by Rakuten Securities Australia with competitors who are similarly situated. Based on the comparison, each broker was assigned a level ranging from low to high.
| Broker | Average commission | Level |
| Rakuten Securities | $6 | Medium |
| RoboForex | $1 | Low |
| Pocket Option | $8.5 | High |
Detailed review of Rakuten Securities
Rakuten Securities Australia is a subsidiary of the large Asian holding company Rakuten Group, and as such, it strives to adhere to all applicable regulations. The company is focused on providing its clients with highly competitive spreads and high-quality support. Quotes come directly from the Tokyo headquarters, which has access to a large number of top-tier liquidity providers. Thanks to the use of such technology, Rakuten Securities can offer its innovative pricing pattern on global markets.
Rakuten Securities in numbers, according to the company’s website:
-
more than 2.2 million clients worldwide;
-
15 billion Australian dollars is Rakuten Inc. market capitalization (as of February 2018);
-
over 20 years of experience in the international market.
Rakuten Securities is regulated by reputable authorities and is suitable for both active and passive trading
Regardless of a trader’s account balance, every broker’s client receives the same level of service and trade execution speed. To begin working on Rakuten Securities’ unique and competitive price pattern, traders only need to deposit $50. The broker operates under the rules and requirements of ASIC, which guarantee the transparency of each completed trade. Rakuten Securities clients have access to all of the tools they need to maximize their opportunities and trade on global markets more efficiently.
Clients of the broker use MetaTrader 4, the most popular trading platform. The company offers a desktop version as well as mobile apps for devices running Android and iOS systems. The broker does not have a web platform.
Useful services of Rakuten Securities:
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Autochartist. A plugin for MT4 that automatically determines the best technical settings for charts on all available currency pairs;
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My FX Book AutoTrade is a service from Myfxbook intended for copying trades of successful traders;
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ZuluTrade is a popular online social trading platform
Advantages:
narrow market spreads are from 0.5 to 0.8 pips, depending on the type of account;
access to popular trade copying services like Myfxbook and ZuluTrade;
licensing by the Securities and Investments Commission of Australia (ASIC);
trading on the MetaTrader 4 trading platform, with the option of working from a tablet or smartphone;
keeping client funds separate from the broker’s own capital in segregated bank accounts;
scalping, hedging, and algorithmic trading advisors are allowed.
Guide on how traders can start earning profits
Rakuten Securities provides two types of trading accounts, with conditions suitable for both novice and experienced traders. They differ in the size of the spread and leverage, the maximum number of open positions, as well as margin call/stop out levels.
Account types:
This broker also provides a demo account with 50 trading instruments (Forex, indexes, metals) and leverage of 1:400.
Rakuten Securities provides Forex trading conditions that are suitable for both experienced traders and newcomers.
Investment Education Online
The broker’s official website doesn’t contain a section dedicated to educational materials. Analytical forecasts from the company’s experts are published in the newsfeed on the broker’s Twitter page and only in English.
All of the knowledge gained can be tested using a free demo account.
Security (Protection for Investors)
Rakuten Securities Australia is regulated by ASIC, the Australian Securities and Investments Commission (license no. 418036).
ASIC imposes stringent requirements on potential licensees. The company must pass a strict business audit and have a minimum authorized capital of one million Australian dollars. After obtaining a license, the broker is required to guarantee the safety of clients’ funds and compliance with anti-money laundering and anti-terrorism regulations.
👍 Advantages
- Storage of client funds in trust or separate bank accounts
- Confidentiality of personal and payment data of traders
- Participation of an external body, the Financial Ombudsman Service (FOS), in the review of complaints and disputes.
👎 Disadvantages
- The regulator lacks its own compensation fund to cover traders’ losses in the event of a broker’s insolvency.
- The account can be deposited only after passing the identity verification
Withdrawal Options and Fees
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The amount of the withdrawal fee depends on the chosen electronic payment system. Skrill and Neteller charge 2% of the transfer amount.
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Clients can deposit and withdraw funds via bank transfer, Skrill, Neteller, UnionPay, TransferWise, Bitcoin, Visa/Maestro/Amex credit, debit, and digital cards. Withdrawing funds to MasterCard cards is not available.
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Bank transfers take 2-3 business days. Withdrawals to bank cards and online wallets are processed in 1-2 business days. There are no options for instant withdrawal.
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Withdrawal and deposit currencies include EUR, USD, GBP, and AUD.
-
The user must pass verification before carrying out any transactions.
Customer Support Service
The broker’s support service is in touch with clients from Monday to Friday from 8:00 am to 23:59 pm (Sydney time).
👍 Advantages
- Online chat
- You can ask a question in popular messengers
👎 Disadvantages
- Not reachable on weekends
- Is not available around the clock
- Support specialists are able to respond in five languages, but Russian is not among them
There are several ways to contact the support service:
-
by Australian phone numbers listed on the website;
-
by email;
-
via online chat on the broker’s website;
-
in WhatsApp, Twitter, or Facebook messengers;
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by Skype.
Support is available through the broker’s website as well as the client’s user account.
Contacts
| Foundation date | 1999 |
| Registration address | Suite 5, Level 9, 3 Spring Street Sydney NSW 2000, Australia |
| Regulation |
ASIC Licence number: 418036 |
| Official site | sec.rakuten.com.au |
| Contacts |
Email:
info@sec.rakuten.com.au,
Phone: +612 9247 2483, +612 8103 4890 (Secondary) Skype: Rakuten Securities Australia |
Review of the Personal Cabinet of Rakuten Securities
Traders from Russia and Ukraine are unable to open an account with a Rakuten Securities broker. Traders from the available countries can open an account as follows:
Go to the broker’s official website and click the Open Live Account button.
In the registration form, indicate the following: first name, last name, country of residence, nationality, date of birth, email address, and phone number.
Traders can use the following functions from their user account:
1. Deposit or withdraw funds:
2. View the history of transactions:
1. Deposit or withdraw funds:
2. View the history of transactions:
Additionally, the user can:
-
open another trading account;
-
activate a demo account;
-
upload scanned copies of documents for verification;
-
download the trading platform;
-
contact support service specialists.
Disclaimer:
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
Articles that may help you
FAQs
Why has Rakuten Securities been placed on the Forex Broker Blacklist?
Possible reasons:
• multiple complaints have been filed against Rakuten Securities by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of Rakuten Securities is down, not updated or operates with clear errors and some features are not available;
• Rakuten Securities has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.
What should I do if Rakuten Securities got blacklisted and I still have money in my account?
Don’t panic right away. First, try to find out the reason why Rakuten Securities got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.
What should I do if I cannot withdraw my money from Rakuten Securities?
If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.
Is there any chance to recover my money if Rakuten Securities is a scam?
On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.
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