Rakuten Securities Australia Review

Rakuten Securities Australia
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Overview

Rakuten Securities Review, User Experiences, Demo, Bonus and More Info – Update for 2020 Rakuten Securities is one of the most famous Australian and Japanese brokers world wide. They already… more

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Details

Broker Rakuten Securities Australia
Website URL https://sec.rakuten.com.au
Founded 1999
Headquarters Suite 5, Level 9, 3 Spring Street Sydney NSW 2000, Australia
Support Number +612 9247 2483
Support Types Live chat, Phone+612 9247 2483 Whatsapp+614 5187 4916 [email protected] SkypeRakuten Securities Australia
Languages English, Chinese, Japanese
Trading Platform MetaTrader 4, Myfxbook, ZuluTrade
Minimum 1st Deposit $50
Minimum Account Size $50
Minimum Trade Amount 0.01 lots
Maximum Trade Amount none
Bonus Free VPS Service
Payout Within 2 working days
Leverage 100:1 or 400:1 depending on account type
Spread Low, fixed spreads from 0.5 pips
Free Demo Account Open Demo
Regulated Yes
Regulation Rakuten Securities Australia Pty Limited (ACN 153 803 804) is a wholly owned subsidiary of Rakuten Securities Inc. Rakuten Securities Inc. is one of the largest retail FX brokers in the world by volume and is a subsidiary of Rakuten Inc. (TOKYO: 4755). Risk Warning: Rakuten Securities Australia Pty Limited (ACN 153 803 804) (Rakuten Securities Australia) is an authorised provider of over-the-counter derivatives such as margin foreign exchange contracts, contracts-for-difference (CFD). Rakuten Securities Australia holds AFSL number 418036
Fee Info Rakuten doesn't charge any hidden fees or commissions
Commission Info Rakuten doesn't charge any hidden fees or commissions
Account Types 100:1 leverage, 400:1 leverage
Deposit Methods Wire transfer, Skrill, Neteller, Bitcoin, China Union Pay, NAB domestic transfer
Withdrawal Methods Wire transfer, Skrill, Neteller, Bitcoin, China Union Pay, NAB domestic transfer
Trading Methods Hedging, scalping
Number of Assets 60+
Types of Assets forex pairs, precious metals and indices
Trading Currency Over 50 forex pairs including majors, minors and exotics
Account Currency AUD, USD, EUR and GBP
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 8.7

Full Review

Rakuten Securities Review, User Experiences, Demo, Bonus and More Info – Update for 2020

Rakuten Securities is one of the most famous Australian and Japanese brokers world wide. They already exist since 1999 and are well-known for their Japanese shopping malls as well. Nowadays they are a global operating online broker that offers fixed spread trading on forex and CFDs via the MetaTrader 4 platform. They also provide AutoChartist and copy trading or social trading features trough both ZuluTrade and Myfxbook.

In this comprehensive Rakuten Securities review we are going to over all the pros and cons of trading with this broker and talk about the most important features on both their website and trading platform.

Rakuten is ranked in our best Australian brokers and best Japanese brokers but not in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers. You can compare online brokers on this page.

Rakuten Securities Company Information

Rakuten Securities is one of the five largest online brokers in the world and one of the first to offer leveraged trading. They offer forex and cfd trading instruments and services on the MetaTrader 4 trading platform. They have over 1.3 billion customers world wide. Their website is available in 11 languages.

Rakuten Securities Australia is part of the bigger Rakuten Securities Inc. group who has been in the brokerage industry all the way back since 1999. Rakuten Inc. is publicly traded on the Tokyo Stock Exchange and has a market capitalization of well over 1 trillion Japanese Yen.
Rakuten-Securities-Company-Overview
Rakuten Securities makes clear on their website that they are a market maker and non a dealing desk. They have so much order volume that they can act as their own liquidity provider without needing any third party. Rakuten also states they will never take other side’s of trades from it’s clients. Market executions are performed on every single order that comes in their order book and they are executed within milliseconds thanks to the high-speed trade execution servers located in Australia and Tokyo.

Rakuten-Securities-Features
Apart from Rakuten being a very big household name they also have large sponsorship deals with sports teams like the famous Spanish football team FC Bareclona.

Rakuten Securities Review: Regulation

Rakuten Securities Australia is regulated and licensed by the Australian Securities and Investments Commission (ASIC). Rakuten Securities Australia holds an Australian Financial Services License (AFL) under number 4183036. Rakuten Securities is also regulated by the Japan Financial Services Agency (JFSA).

As per regulation, all client funds are segregated at the National Australia Bank, which is a top tier-1 bank. The segregation of client’s funds means that they are never ever being used by Rakuten to fund their own operations or company expenses. In the rare case of Rakuten Securities becoming insolvent, client’s will get a refund and receive all their deposited money back.

Both the Rakuten Securities Australia website and trading platform are protected by a 128-bit Secured Socket Layer (SSL) encryption which is provided by ”DigiCert SHA 2 Secure Server CA”. This is to ensure that all customer data, like credit card details, are encrypted before they are being sent to Rakuten’s servers. Because of this hackers and other digital criminals will have a very hard, if not impossible task to try and hack Rakuten’s website and or trading platform.

Rakuten Securities Australia Banned Countries and Scope of Operation

Rakuten basically accepts clients from all over the world, but there are some exceptions like USA, Belgium, Russia, Iran and Israel. Some of the features described in this Rakuten Securities Australia review 2020 might not be available to traders and investors from specific countries due to legal restrictions.

Rakuten Securities Australia Review – Trading Platforms

Rakuten only offers MetaTrader 4 as their trading platform and no other platforms. The MetaTrader 4 trading platform is developed by the Russian software company MetaQuotes and is the golden standard in online forex trading. Rakuten provides the MT4 platform both as downloadable version and as mobile app. MAC OSX users are advised to contact the Rakuten Securities support team for assistance in setting up MT4 on their systems.

Rakuten-Securities-Trading-Platforms

MT4 Desktop Version
Rakuten offers the MetaTrader 4 to its clients because it’s the best trading platform in the world.

MT4 desktop platform features:

– Interactive charts in 3 different styles that can display up to 9 different timeframes
– 30 built-in technical analysis indicators that can be expanded with custom indicators
– 24 Analytical objects used to perform technical analysis on the charts
– 4 Types of pending orders, 2 stop orders and a trailing stop
– One-click trading features
– Notifications via platform, SMS and email
– Live quotes and pricing charts of all tradable assets and financial instruments
– Supports automated trading trough the use of Expert Advisors (EAs)
– MetaEditor for developing EAs, indicators and scripts in the MQL programming language
– Access to the MetaTrader market where more trading tools can be purchased

To learn more about MetaTrader 4’s features please read our article:

MetaTrader 4 versus MetaTrader 5: What’s the Difference?

MT4 Mobile features:

– The ‘Quotes’ tab displays the live ‘bid’ and ‘ask’ prices of all the tradable assets and financial instruments
– Fully customizable charts in 3 styles and 9 timeframes. The charts can be zoomed and displayed in various colors
– 30 technical indicators and 24 analytical objects for conducting chart analysis
– Complete order management using market execution, pending orders and risk management tools like stop loss and take profit
– Account balance displays in real time even when trades are open and in session
– The mobile app integrates seamlessly with the desktop version. You can place a trade on your pc and monitor, adjust or close the trade on the mobile app

Rakuten-Securities-MT4-Mobile-App

Rakuten Securities Australia Review – Special Trading Features

News

The latest news section on the Rakuten Securities Australia website provides traders and investors with the latest market news on several different financial instruments and assets.

Rakuten-Securities-News

Copy Trading

Rakuten Securities Australia offers its clients copy trading or social trading services trough both Myfxbook and ZuluTrade. Both are very popular social trading networks that allow traders and investors to copy the strategies of other traders and investors. Although the Rakuten MT4 trading accounts can be linked with both Myfxbook and ZuluTrade, please note that to get access to this AutoTrade feature one need to deposit at least $1,000 or more. Myfxbook charges a fee of $0,10 for every $1,000 traded.

Rakuten-Securities-Myfxbook-AutoTrade

Auto Chartist

This is an MT4 plugin tool that is very powerful in what it does. It basically scans the charts on different instruments and assets for favorable trading opportunities. When it find one, the trader is alerted by notification. This mighty feature is available in 11 languages and is fully customizable. This is actually one of the best features of Rakuten Securities Australia because it saves a lot of time normally spent on technical analysis by the trader.

The AutoChartist can be downloaded from Rakuten’s website and installed on the desktop version of the MetaTrader 4 platform.

Rakuten-Securities-AutoChartist
In this article we explain more about technical analysis and how to perform it:

Technical Analysis – What is it and how to apply it?

Rakuten Securities Australia – Market Reports

Every person with a real or live account at Rakuten receives 3 market reports a day. These reports give an overview of the financial markets when the Tokyo, London and New York Stock Exchange open.

Rakuten-Securities-Market-Report

ZuluTrade

For this Rakuten Securities Australia review, updated for 2020, we want to include some important information about ZuluTrade. ZuluTrade is the most powerful social trading network on the planet. ZuluTrade enables traders to locate expert strategy providers from their rankings, performance and other matrixes. Rakuten’s clients can choose from thousands of professional traders over 190 countries and copy their trades automatically. To start trading with ZuluTrade, clients are required to sign up to ZuluTrade and then link their MT4 accounts.

Rakuten-Securities-ZuluTrade

You can read our entire ZuluTrade review here:

ZuluTrade

Rakuten Securities Australia – VPS

Access to a Virtual Private Server is available for all clients who are interested. This type of connection is often required for traders who use complex trading styles, trading systems and EA’s. A VPS is very useful for running MT4 24/7/ It can decrease latency and minimize downtimes. The VPS can be setup very easily and you can find a guide how to do so here.

As for your own safety when trading stocks online we always suggest traders to use VPN service like NordVPN. Especially when trading cryptocurrencies or large amount of money this is almost always required. You can check out NordVPN’s website to check available plans in your region or country.

Trade and browse safely online with VPN

Rakuten Securities Australia Review – Assets and Instruments

Traders can use Rakuten to trade over 40 forex currency pairs, gold and silver and 10 CFD indices around the world. All whilst paying just institutional fx spreads.

Rakuten-Securities-Fixed-Spreads

Rakuten Securities Australia Review – Trading Accounts and Commissions

Rakuten offers two types of accounts of which the difference mainly being leverage. The minimum amount to open any time of account is just $50, which is lower than most other Australian or Japanese brokers. The broker charges fixed spreads and no commission on any account type.

Fixed spreads can be very cheap for traders whose trading strategy requires consistent spread. This helps the trader calculate the costs of a trade before opening the position. However, please be warned that during news releases and hours of low volatility the spreads can still increase and be higher than usual.

The two different accounts available at Rakuten Securities Australia are the Standard Account and High Leverage Account. The first one having leverage up to 1:100 and the second up to 1:400. Spreads vary (on EUR/USD) from 0.5 pips to 0.8 pips, respectively.

Islamic accounts are also available with Rakuten on request. As these accounts comply with Sharia law Rakuten needs proof that you are really Muslim to use this type of account.
Furthermore Rakuten offers a demo account for traders to test out their trading platform for free, without depositing any money. All market conditions are the same on the demo account as on the real money accounts. Please note that the demo account at Rakuten is only available for 30 days.

Rakuten Securities Australia Review – Customer Service

Rakuten’s customer service is available from Monday to Friday for 24 hours. They can be reached by phone, email, SKype, web chat, WhatsApp and trough their Social Media channels. The live chat services are available from 9 am to 5 pm Sydney time. All unanswered messages will be replied on the next working day. As per social media, we suggest contacting them by either Facebook, Twitter or Linkedin. If you just have a general question, you might want to look at their FAQ page on their website first.

Rakuten Securities Australia Deposits and Withdrawals

Rakuten Securities Australia plays by the strict rules set out by the ASIC so they comply by counter terrorism and Anti-money laundering laws. This means cash deposits and third party transfers are not possible. Rakuten accepts the following payment methods:

Bank wire transfers: Clients can transfer money direct to Rakuten’s NAB bank account from their bank. There are no deposit charges but withdrawals cost $25. Local withdrawals in AUD are free. International bank withdrawals take 3 to 5 working days whilst domestic transfers take one to two working days.
Neteller or Skrill: these global e-wallet payment methods are processed instantly but a 2% withdrawal fee applies to both of them. Because Neteller is very popular with traders, we suggest you to open a free Neteller account and order their prepaid debit card with it.
Bitcoin: Rakuten accepts bitcoin deposits nowadays so you can fund your account with cryptocurrency straight from your wallet.

Rakuten-Securities-Funding-Options

Rakuten Securities Australia – Opening an Account

Opening an account at Rakuten Securities Australia is very simple and done within about 5 minutes. Just click this link and then fill in all the details correctly. You will have to verify your email and go trough the KYC procedure.

Rakuten-Securities-Account-Opening-Form

After uploading the required documents and filling in the forms you will see a thank you message and you can deposit money to begin trading with Rakuten.

Rakuten-Securities-Account-Opening-Success

Rakuten Securities Australia Review 2020 – Conclusion

Rakuten is an experienced and trustworthy broker that has been around for decades in Japan. They have expanded globally and can boast over a billion customers worldwide. They also are the main sponsor of the famous FC Barcelona football team. With their advanced and innovative trading technologies on super-fast servers you can trade in less than a second. The liquidity pool is extreme and the company can act like a market maker, without any dealing desks or other third parties interfering with their business.

Client’s deposits are kept safe with the National Bank of Australia, which is a very prestigious bank. The social trading features offered trough Myfxbook and ZuluTrade make Rakuten an excellent broker both for traders and investors, both beginner and experienced. Our conclusion is that Rakuten Securities Australia is definitely not a scam broker but a very reliable company. We can therefor recommend our visitors to open either a demo or real live trading account with them.

Screenshots

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Pros

  • Very strictly regulated
  • Segregated client funds
  • No commission fees on trades
  • Social trading via myfxbook and ZuluTrade
  • Analysis and market reports courtesty of AutoChartist

Cons

  • No US clients
  • Limited non-FX instruments
  • No variable spread accounts
  • Educational material not provided

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Decleration:
I hereby declare this review to based on my own experience trading with this broker and I did not reseve compensation in any way submitting this review

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