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 …
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 …
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 …
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 …
(This article is prepared by Rakuten Trade. I just made some layout adjustment.) 1. What are the differences between Rakuten Trade and other brokers? Rakuten Trade is Malaysia’s first and only full-fledged online equity broker. This means that their clients can sign up, trade, settle their transactions, read reports and get trading ideas plus earn …
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 …
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 …
