In 2024, I found out that Interactive Brokers (IBKR) offers some advantages over Firstrade (click here to learn more about Firstrade) and Gotrade. Thus, I decided to transfer my portfolio in Gotrade to IBKR. In this IBKR review, I will share my reasons of switching to this brokerage. Funding of the account The main reason …
I have just opened my Gotrade account in May 2023 and it has reviewed its fee structure in June 2023. With this fee revision, I would not recommend this brokerage now. Gotrade fee update Previously, Gotrade did not charge any trading fee. However, with this fee revision, it starts to charge 0.3% commission per trade, …
(Update 1 July 2023: This foreign broker is not recommended anymore. Read more here.) Recently, I found a new foreign broker which is open to Malaysians and allows commission-free trading. In this Gotrade review, I will share my experience of using it to trade US stocks. Why Gotrade? I have two foreign brokers (Firstrade and …
I just noticed that there had been some changes to Rakuten Trade(RT) Points. The changes were made in June 2022. RT points categories The points are classified into two categories now. Category 1 is RT Points earned from first deposit, share transfer-in and stock trading. These points last for 12 months and can be used …
Rakuten Trade (RT) has revised its brokerage fee recently. It boasts that it has the lowest rate in town. So what are the changes? RT fee revision 2023 For trades less than RM 700.00, the brokerage fee is 1%, with a minimum of RM 1.00. It means that if you trade RM 100.00 worth of …
I am currently using ToledoTrade as my broker in US. However, I recently found out that Firstrade (Link) is open to Malaysians and I have decided to give it a try. Why Firstrade? I was mainly attracted by the $0 commission for online trading. Furthermore, like ToledoTrade, there is no inactivity fee too. There is …
Recently there are some allegations that Rakuten Trade (RT) is involved in online platform scams. It is claimed that RT is offering various “investment plans” at a cost. Is this true? Background RT is the the country’s first and only fully digital equities trading platform. It is a joint venture between Kenanga Investment Bank Berhad …
In this article, I will list down some common questions on Rakuten Trade (RT). These are the questions that were asked and answered before in the blog. To make things easy, I am compiling them here. 1. Safety: Is RT safe? What will happen to my shares if it winds down? First, our cash is …
Rakuten Trade has simplified its account opening process and is giving some benefits for account opening currently. So, what are different now? Process simplification Previously, to open an account, we have to provide a bank statement. However, this document is not needed anymore, unless you are using a joint account. So, you just have to …
I principally use Rakuten Trade web platform for my trading. However, once in a while, I use its mobile trading app when I do not have access to computer. This mobile app is known as iSPEED.my. it is available on both Google Play Store and Apple App Store. Features Once we log in, we will …
