Rakuten Trade (RT) interest rate is reduced again on 5 May 2020. This is the third time of reduction in this year alone. It means that the interest on our cash account balance is going to reduce once more. Reason of reduction Bank Negara Malaysia (BNM) has announced the reduction of the overnight policy rate …
CapitalBay (Link) is a new peer-to-peer (P2P) financing platform in Malaysia. I have managed to enrol into its Early Access Programme. I am going to give an overview of this new platform here. Background of CapitalBay This company was launched in 2016 and is the first Multi-Bank Supply Chain Finance (SCF) platform in Malaysia licensed …
Not too long ago, I just shared that Rakuten Trade (RT) reduces its interest rate for the cash deposit on its platform. Starting 4 March 2020, it revises interest rate again. Reason of reduction Bank Negara Malaysia (BNM) has announced the reduction of the overnight policy rate (OPR) from 2.75% to 2.50% on 3 March …
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 …
[There is an update to this article. Please click here to read it.] Recently, Bank Negara Malaysia (BNM) has cut its overnight policy rate (OPR) by 0.25% to 2.75%. How does this affect Rakuten Trade‘s interest rate on our cash deposits? Previous Rakuten Trade’s interest rate I guess most Rakuten Trade users notice the Interest …
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 …
Rakuten Trade has revised its brokerage fee in this year. What are the changes? Rakuten Trade fee revision For trades between RM 1,000.00 to RM 9,999.99, the brokerage fee is now increased to RM 9.00. It represents an increase of RM 1.00 compared to the previous amount. Range of brokerage fees The brokerage fees still …
Previously I have mentioned about the transformation of Fundsupermart (FSM) platform. After the transformation, its mutual fund screener, the Fund Selector (Link), has also changed since I last discussed about it. What are the changes? New FSMOne Fund Selector First, the available criteria are reduced from 14 to 12. These criteria are Fund Managers, Risk …
When I logged in to Fundsupermart (FSM) recently, I noticed that the platform has undergone a transformation. It is now known as FSMOne. As confirmed with the FSMOne team, the platform is upgraded on 21 December 2018. So, what are the changes? In this update, I will just write about the Funds segment of the …
(Updated: 23 August 2019) After using Rakuten Trade for some time, I have discovered some of its disadvantages. As it is using nominee account exclusively, Rakuten Trade is different from the main brokerage houses in Malaysia. (I have talked about its benefits in another article.) What is a nominee account? It is a securities account …
