Rakuten Trade (RT) interest rate has dropped again on 7 July 2020, which is the fourth decrease in this year. This is in tandem with the reduction of the overnight policy rate (OPR) from 2.00% to 1.75% by Bank Negara Malaysia.
New interest rate
The interest rate now is 1.00% per annum.
Referral link
Below is the referral link to Rakuten Trade. As I am involved in Rakuten Trade Educator Program, by clicking on this link, I may gain referral rewards from your registration with the platform once certain condition is met. (2022: I am not longer involved in the Educator Program).
Please click on the link below if you are interested to register. Otherwise, you can always search Rakuten Trade Malaysia with Google and register yourself.
Rakuten Trade: Link here
*You may earn 500 RT points when you open an account or other account opening rewards being offered by Rakuten Trade. You may choose only one of them.
Comments
Hi,
Recently saw that Rakuten Trade has been blacklisted? Is it safety platform to use?
Regards,
PS
Author
Hi, PS.
I don’t see its name in the LIST OF UNAUTHORISED WEBSITES / INVESTMENT PRODUCTS / COMPANIES / INDIVIDUALS of Securities Commission (Link). But there are some websites that uses Rakuten Trade wrongfully and I think these are what you refer to. But if you use the official site, it is a safe platform. You can also check its status with this tool from SC (Link).
Hope this helps to dispel the rumour.