Rakuten Securities Review

Minimum Deposit: $50 VISIT BROKER
Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors.

Rakuten Securities is an online CFDs and forex broker based in Australia, established in 1999. Rakuten Securities Australia Pty Limited is authorised and regulated by the Australian Securities and Investments Commission (ASIC). Having over 2 decades of expertise under strict regulation, the broker is considered a reliable option for accessing online trading services. Moreover, Rakuten INC., the broker’s parent company, is a publicly-traded company and listed on the Tokyo stock exchange.

Rakuten Securities offers trading instruments from various asset classes such as forex, CFDs of indices, oil, metals, and cryptocurrencies. In addition, the broker offers completely commission-free trading with tight spreads. Moreover, Rakuten Securities provides the most utilised forex and CFDs trading platform MetaTrader 4 on various devices. The broker also offers copy trading services via ZuluTrade and Myfxbook.

Rakuten Securities also offers a bundle of educational and research resources for its clients so that they can get free education to improve their skills. Dedicated research tools, including AutoChartist and Trading Ideas, also help traders to spot potential trading opportunities.

7.4Expert Score
Rakuten Securities Rating

Rakuten Securities is one of the world’s top forex brokers and a pioneer in leveraged forex trading. On the MT4 platform, they provide online forex and CFD trading products and services. The broker has a global presence and a significant customer base from across the world.

Investment Products
7
Commissions and Fees
8
Platforms and Tools
7
Research and Education
7
Deposit and Withdrawal
8

Rakuten Securities Review

Pros and Cons

Rakuten Securities has been providing trading services under strict regulations for over 2 decades. In addition, the broker offers tight spreads and commission-free trading. Moreover, the broker offers Copy Trading and social trading via Myfxbook and ZuluTrade. With the MT4 trading platform, Rakuten Securities also offers AutoChartist plugin and VPS hosting. There is no inactivity fee charged from the broker.

On the other hand, the broker does not offer its services to the clients from the US. The broker charges withdrawal fees for most payment options. In addition, the broker requires a minim deposit of $50 and provides customer support only 24/5.

Here is a summary of the considerable advantages and disadvantages of Rakuten Securities:

Positives
  • Strict regulation by ASIC and JFSA
  • Segregated funds
  • Tight spreads
  • Commission-free trading
  • Copy trading
  • ZuluTrade
  • Market analysis & reports
  • AutoChartist
  • No inactivity fees
  • Fast account opening
  • Low forex fees
  • Low minimum deposit
  • No deposit fees
  • Trading ideas
  • Demo account
  • Banking background
  • The parent company is a publicly-traded company
  • Listed on Tokyo stock exchange
  • Financial statements available
Negatives
  • No US clients
  • Limited instruments
  • Educational material limited to guides
  • No videos, webinars, seminars
  • Only MT4 platform
  • Withdrawal fees
  • No 24/7 support

Rakuten Securities Review

Investment Products

Rakuten Securities offers trading instruments from various asset classes, including forex, CFDs, indices, commodities, and cryptocurrencies. However, many traders would find this product portfolio insufficient who might be looking to diversify their portfolios across more asset classes such as stocks, options, bonds, and ETFs.

Rakuten Securities Instruments Summary

InstrumentsRakuten Securities
Forex
Stocksx
Indices
Commodities
Cryptos
Optionsx
Bondsx
ETFsx
CFDs
Rakuten Securities Instruments

Rakuten Securities Review

Commission and Fees

Commission and Spread Fees

Rakuten Securities offers commission-free trading. In addition, the broker offers very tight spreads across all account types. Below is a summary of trading costs with Rakuten Securities.

FeeRetailPro 1Pro 2Pro VIP
Commission (per standard lot per side)$0$0$0$0
Spreads from0.50.50.80.5
Rakuten Securities Fees

Deposit and Withdrawal Fees

Rakuten Securities does not charge any deposit fees for using any of the offered payment methods. However, your payment service provider may incur some transaction charges. On the other hand, Rakuten Securities charges certain withdrawal fees for using different payment options. Below is a summary of the withdrawal fees for different payment options.

  • Wire Transfers: $25
  • Debit/Credit Cards: None
  • E-wallets: 2%
  • Crypto: 1%

Inactivity Fees

Rakuten Securities does not incur an inactivity fee from the accounts that have not conducted any trading activity.

Rakuten Securities Review

Platforms and Tools

Rakuten Securities Australia’s forex service is based on the MetaTrader platform. MetaTrader 4 (often known as MT4) is a popular piece of software for trading forex and commodities. Aside from handling trades, it also allows you to analyse prices using a variety of charts and technical analysis tools. This is the preferred forex trading platform due to its extremely customizable and modular approach. Moreover, the broker offers copy trading and VPS hosting for the ease of investors.

Rakuten Securities MT4 Platforms
Rakuten Securities MT4 Platforms

MetaTrader 4 (MT4)

Rakuten Securities Australia offers currency trading using the MetaTrader platform. Aside from making and managing trades, MT4 allows you to analyse price activity using a variety of charts and technical analysis tools. MT4 is a highly customizable system that allows you to tailor your trading environment to your specific needs.

MT4 provides clients with an expert advisor (EA), which is computer software that performs trades automatically. MetaQuotes created the software with the MQL4 programming language. The application runs on the well-known MetaTrader 4 platform, which was designed for currency trading.

An expert adviser is a software that alerts a trader when a specified requirement is reached. A trade signal is created when this happens. Furthermore, a professional adviser may oversee all elements of your trade. It can produce a signal and direct orders to a server, where they are filled by a broker.

The system can automatically change to take profit and stop loss levels, handling risk management entirely. Rakuten Securities Australia provides MQL4 language access via a MetaEditor. A strategy tester and a large library of pre-programmed analytics are also included in the analytics.

Plan testing is the practice of evaluating historical data to determine if a strategy has worked in the past. Rakuten Securities Australia offers a MetaTrader 4 back-testing module that allows you to test a strategy using past data. After a back-test, any of the technical indicators accessible on the MetaTrader 4 platform may be coded into an expert adviser. Furthermore, all of these indicators may be customised using the MQL4 programming language.

Rakuten Securities Australia provides a number of features via the MT4, which is widely regarded as one of the top trading platforms. This offers immediate execution into a huge pool of Japanese retail FX liquidity, four pending orders, two separate stop orders, and trailing stop orders.

MT4 Mobile App
MT4 Mobile App

Rakuten Securities Australia provides two distinct trading platforms via MT4. This contains a trading platform that can be downloaded as well as a trading platform that can be used on the go. Both Android and iOS are supported by the mobile platform. The mobile platform benefits from a wide range of capabilities, such as charting with technical analysis tools.

Here are the highlights of MT4:

  • Three Execution Modes
  • Market Orders 2
  • 4 Orders are Pending
  • There are two stop orders and one trailing stop
  • Charts that are interactive
  • 9 Timelines
  • There are 23 Analytical Objects.
  • Thirty Technical Indicators
  • MQL4 Programming Language
  • Tester of MetaEditor Strategy
  • A vast library is available
  • Android support is available, as is iOS support
  • Complete Set of Trading Orders
  • Technical Indicators and Analysis

Copy Trading (Myfxbook)

Rakuten offers Copy Trading services to its customers through Myfxbook’s AutoTrade function. Myfxbook is a prominent social trading network that allows users to replicate other traders’ tactics and deals.

My FX Book AutoTrade is Myfxbook’s next-generation trade copy service. This tool allows you to instantly replicate positions from any system you want into your Rakuten Securities Australia MT4 account. It’s as simple as linking your account to Myfxbook and selecting the system you want to replicate. The installation is simple, and because AutoTrade works on its own dedicated servers, you don’t need to run any software on your end. It only covers hand-picked systems that have passed a thorough screening procedure and have a track record with real money, not demonstrations. It gives reliable information, allowing you to analyse and improve your performance in real-time.

Myfxbook AutoTrade
Myfxbook AutoTrade

It allows you to add and delete any system at any moment, giving you complete control over your account. Reduce your risk by simply adding more trading techniques to your portfolio with a single click. Users of Myfxbook may effortlessly diversify their trading portfolio among many market instruments in order to reduce risk and exposure. To use the AutoTrade function, connect your Rakuten MT4 trading account to Myfxbook. To link accounts with Myfxbook, a minimum account balance of $1,000 is necessary. For every $1000 transacted, Myfxbook levies a fee of $0.1. Past results are not an indication of future performance. You should be aware of all the risks involved.

ZuluTrade (Social Trading)

ZuluTrade is one of the most popular social trading networks accessible today. ZuluTrade allows traders to find professional strategy providers based on their rankings, performance, and other metrics. Clients of Rakuten may pick from thousands of traders from over 190 countries and automatically imitate their trades. To begin trading with ZuluTrade, customers must first sign up and then link their MT4 accounts. Copying traders does not mean good results.

ZuluTrade
ZuluTrade

VPS

All interested clients are provided with a Virtual Private Server (VPS). It is frequently required by traders who employ complicated trading strategies, trading systems, and EAs. A virtual private server (VPS) is useful for operating MT4 24 hours a day, seven days a week. It can also reduce downtime and enhance latency. The VPS may be set up using Amazon, and Rakuten gives instructions on how to do so.

Rakuten Securities Platforms Summary

PlatformRakuten Securities
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)x
cTraderx
Proprietaryx
Desktop
Web
Mobile
Social Trading
Other
Rakuten Securities Platforms

Rakuten Securities Review

Research and Education

Rakuten Securities offers various educational and research resources in their “Education” section. They include multiple guides around Technical Analysis, Fundamental Analysis, Trading Psychology, and Forex basics. In addition, the broker offers AutoChartist indicator for MetaTrader 4.

Although there is a FAQ section with information on a variety of issues and a demo account for traders to practise with, the firm does not provide videos, webinars, or training courses, as most other brokers provide.

Market News

The newest news part of the Rakuten website provides market news on various trading instruments as it becomes available.

Market Report

Rakuten customers may sign up to get three market reports each day. These forecasts provide an outlook for the market when the markets in Tokyo, London, and New York open.

AutoChartist

This is an MT4 plugin programme that searches the charts of several instruments for trading opportunities. When it discovers one, it notifies the trader. It is totally customizable and accessible in 11 languages. This saves the trader time spent on technical analysis. The Autochartist may be downloaded from Rakuten’s website and installed on the MT4 platform’s desktop version.

AutoChartist
AutoChartist

Trading Guides

Trading the Forex markets necessitates a thorough understanding of the factors that influence daily variations in market sentiment. In a variety of methods, the one-stop education portal delivers knowledge on Rakuten Securities Australia goods and services. This article collection provides trading strategies for investors of all levels. You will discover useful information on forex and CFD trading instruments, strategy descriptions, risk management plans, and market psychology ideas. The broker’s education programme is designed to allow you to study at your own speed, with no attendance requirements. You may select the item you want to read when you want to read it and proceed when you’re ready.

Rakuten Securities Research and Education Summary

ResourcesRakuten Securities
Market Analysis
Guides
Videosx
Webinarsx
Autochartist
Trading Centralx
Economic Calendarx
Otherx
Rakuten Securities Resources

Rakuten Securities Review

Deposit and Withdrawal

Rakuten Securities offers and accepts funds via wire transfers, debit/credit cards, electronic payment services, and cryptocurrencies. Funds can be transferred in 4 base currencies, so there might be currency conversion charges if you make a transaction in any other currency. Transactions may take anywhere from instant to 3-5 business days, depending on the payment option you are using.

Rakuten Securities Funding Summary

Payment MethodDepositWithdrawal
Wire Transfer
Credit/debit Card
Electronic Wallets
Cryptos
Rakuten Securities Funding Options

Rakuten Securities Review

Regulation and Safety

The Australian Securities and Investments Commission regulates Rakuten Securities Australia (ASIC). Rakuten Securities Australia is licenced by the Australian Financial Services Commission (AFSL). The Japan Financial Services Agency also regulates Rakuten Securities (JFSA).

Rakuten Securities Regulation Summary

RegulatorRakuten Securities
ASIC (Australia)
IIROC (Canada)x
CySEC (Cyprus)x
SFC (Hong Kong)x
JFSA (Japan)
MAS (Singapore)x
FINMA (Switzerland)x
FCA (UK)x
CFTC (USA)x
Otherx
Rakuten Securities Regulators

Rakuten Securities Safety

All customer money at Rakuten Securities Australia is held in segregated accounts with the National Australia Bank, an AA-rated bank. This is in accordance with ASIC requirements. Rakuten does not use funds maintained in segregated accounts for internal activities. If the broker falls insolvent in the future, the separated money will be restored to the owners. The Rakuten website and platform are secured using 128-bit Secure Socket Layer (SSL) encryption offered by “DigiCert SHA 2 Secure Server CA.” This guarantees that all sensitive user data, such as credit card information, is encrypted before being transferred to the servers through the internet. This SSL technology keeps internet hackers and cybercriminals at bay.

Rakuten Securities Review

Client Support

Rakuten Securities Australia offers customer support 24/5 (weekdays) via live chat, WhatsApp, phone, and email. It’s to be noted that customer support is available from 9 a.m. to 5 p.m. (Sydney time).

Rakuten Securities Review

Conclusion

Rakuten is an experienced broker that has been in business in Japan for a long time. They have subsequently extended the company’s worldwide activities, sponsoring alliances, creating offices, and drawing traders from all over the world.

They use complex and creative trading technology and extremely fast servers to execute orders in less than a second. Its liquidity pool is superfluous, which explains the company’s determination to remain market makers without engaging in any trade manipulation. Client deposits are safe since the broker adheres to all regulatory regulations and validates all clients using a variety of techniques.

The MT4 platform is widely used by traders and is a wise decision for Rakuten. It is excellent that ZuluTrade and Myfxbook have integrated social trading. The Autochartist is a highly useful tool for traders who need to do in-depth technical analysis on their charts. Fixed spreads are employed on all account types, and there are no transaction commissions.

Everything that you find on InvestingBrokers.com is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating. You can read more about our broker review process here.

Rakuten Securities Review

FAQs

When was Rakuten Securities founded?

Rakuten Securities was founded in 1999.

Where is Rakuten Securities located?

Rakuten Securities Pty limited is located in Australia and a subsidiary company of Tokyo-based Rakuten Securities, Inc.

Is Rakuten Securities regulated?

Rakuten Securities is regulated by ASIC and JFSA.

What trading instruments does Rakuten Securities offer?

Rakuten Securities offers trading instruments limited to a few asset classes, including forex, CFDs, indices, cryptocurrencies, and commodities.

What is Rakuten Securities minimum deposit?

Rakuten Securities requires $50 as a minimum deposit.

What investing platforms does Rakuten Securities offer?

Rakuten Securities offers MetaTrader 4 trading platform for desktop, mobile devices, and web browsers.

What is Rakuten Securities commission fee?

Rakuten Securities offers completely commission-free trading.

Does Rakuten Securities charge an inactivity fee?

Rakuten Securities does not incur an inactivity fee.

What are Rakuten Securities spreads?

Rakuten Securities offers variable spreads starting from 0.5 pip.

What funding options does Rakuten Securities offer?

Rakuten Securities offers and accepts funds via wire transfers, e-wallets, debit/credit cards, and crypto.

Does Rakuten Securities offer demo trading?

Yes, Rakuten Securities offers demo trading.

Does Rakuten Securities offer Islamic accounts?

Yes, Rakuten Securities offers Islamic accounts.

How do I contact Rakuten Securities customer support?

Rakuten Securities’ customer support can be contacted 24/5 via phone, email, live chat, and WhatsApp.
Rakuten Securities Review
Rakuten Securities Review
Minimum Deposit: $50
Richard Montana

Richard Montana

Richard has spent many years researching, testing, comparing and reviewing brokers. He has an extensive knowledge when it comes to understanding what to look for in a broker for trading and investing online.

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