Overall, Rakuten Securities is very competitive in terms of its trading fees and spreads. Their spreads are low compared to other regulated brokers, and there are no hidden trading fees. Rakuten Securities is headquartered in Tokyo.
Rakuten Securities at a glance
| 🔍 Brokers Name | Rakuten Securities |
| 📍 Headquartered | Australia, Japan |
| 📅 Year Founded | 1999 |
| 🏛 Regulating Authorities | Australian Securities & Investments Commission (ASIC) |
| 🌐 Countries not accepted for trade | United States |
| ☪️️ Islamic Account (Swap Free) | Yes |
| 📒 Demo Account | Yes |
| 💻 Institutional Accounts | No |
| 💻 Managed Accounts | Yes |
| 📊 Maximum Leverage | 1:30 |
| 💰 Minimum Deposit | $50 |
| ZAR | R800 ZAR |
| 💳 Deposit Options | Domestic and international bank wire Credit or debit card Neteller Skrill China Union Pay Instant transfer for South-East Asia TransferWise |
| 💳 Withdrawal Options | Domestic and international bank wire Credit or debit card Neteller Skrill China Union Pay Instant transfer for South-East Asia TransferWise |
| 📉 Platform Types | MetaTrader 4 |
| 📲 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 📊 Tradable Assets | Forex, stock index CFDs and commodity CFDs. |
| 🌐 Languages supported | French German Greek Hindi Indonesian Italian Japanese Korean Malay Polish Portuguese Russian Spanish Thai Turkish Ukrainian Vietnamese |
| ☎ Customer Service | 24 hours a day /5 days a week |
Min Deposit
USD 50
Regulators
ASIC
Trading Platform
MT4
Crypto
No
Total Pairs
40
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Rakuten Securities Review Revealed – A Key 18 -Point Quick Overview
- ✅Rakuten Securities Overview
- ✅Rakuten Securities Sign-up Bonus
- ✅Rakuten Securities Referral Bonus
- Rakuten Securities Minimum Deposit
- Rakuten Securities Account Types
- Rakuten Securities Account Features
- How to open a Rakuten Securities Trading Account – Step by Step
- Rakuten Securities Demo Account
- Rakuten Securities Islamic Account
- Rakuten Fees and Spreads
- Rakuten Securities Deposit fees and deposit methods
- Rakuten Securities Trading Platform
- Rakuten Securities Current Popularity Trends
- Rakuten Securities Review Pros and Cons
- Rakuten Securities Customer Reviews
- Conclusion
- Disclaimer
- Frequently Asked Questions
Rakuten Securities Overview
According to research in South Africa, Rakuten Securities was established in 1999 and has grown to be a well-established, globally operational online Forex and CFD broker. Rakuten Securities offers four different account types which provide very tight spreads, starting as low as 0.8 pips, and commission-free trading, which can be opened for a minimum deposit of $50.
Forex and CFD trading is facilitated on the highly regarded MetaTrader 4 platform, which is a popular piece of software for trading forex and metals. Besides managing trades, it lets you analyze prices with a slew of charts and technical analysis tools.
The software also allows for advanced strategy testing. All the technical indicators that are available with the MetaTrader 4 platform can be programmed into an expert advisor, once a back-test has been performed. In addition, you can customize all these indicators using the MQL4 programming language. While Rakuten Securities provides a feature-rich environment for advanced traders, beginners can also take advantage of the broker’s comprehensive educational offering.
Finally, Rakuten Securities provides a highly secure trading environment to all traders with guaranteed security of client funds. Rakuten Securities is highly regulated by the Australian Securities and Investments Commission (ASIC), which applies strict measures in terms of ensuring client deposits and applying stringent deposit security measures.
Rakuten Securities Australia fully adheres to Anti-Money Laundering and Counter-Terrorism Financing Rules (AML/CTF Rules) following the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.
Rakuten Securities Sign-up Bonus
Traders who choose to register for a real account with Rakuten Securities will not receive a welcome bonus. Rakuten Securities is an Australia-based online broker that is regulated by the Australian Investments and Securities Commission (ASIC).
| 🎉 | |
| Welcome Bonus | $10 |
| Referral Bonus | $25 |
| Introducing Broker Program | ☑ |
Rakuten Securities Referral Bonus
Loyal customers of Rakuten Securities are able to earn commission on referrals of new customers, as the broker does offer such partnership programs at the time of writing.
Also referred to as referral bonuses, these allow existing traders of a given broker to earn greater rewards through referring a friend to a broker. The trader is compensated by the broker when this referral results in the friend signing up for a real account.
Rakuten Securities Australia has a market-leading partnership program for you to build your own FX business alongside a market leader.
Rakuten Securities Minimum Deposit
The minimum deposit amount required to open a broker account with Rakuten Securities is $50. This is a low minimum deposit when compared to many other brokers in the industry.
| 💳 Minimum Deposit | $50 |
| ZAR | R800 ZAR |
As such, the minimum deposit requirement from Rakuten Securities will present a low barrier of entry to most new and beginner Forex traders.
Rakuten Securities Account Types
Rakuten Securities offers four different account types. These consist of the Retail, Pro 1, Pro 2, and Pro VIP Accounts. Prospective clients who wish to open a forex trading account will first be required to register. Rakuten Securities will ask you specific questions that will provide the broker with the necessary information required to open an account.
| 🌐 Retail Account |
| 🌐 Pro 1 Account |
| 🌐 Pro 2 Account |
| 🌐 Pro VIP Account |
To this end, Rakuten Securities needs to secure the correct personal details to ensure the safety of your funds. Once your account is registered, you will have an opportunity to fund your account. There is also the option of opening a Professional Account. Professional accounts are for active traders who have experience in the FX market.
There are certain criteria you need to meet before you can open a professional account. This can be found on the Professional account page on the Rakuten Securities website. Each online account provides access to 40 different currency pairs, gold and silver, and indices. To improve the affordability of its market offering, Rakuten Securities provides no commission trading as well as tight institutional bid-offer spreads, providing clients with superior liquidity.
Online trading at Rakuten Securities is maintained securely to the highest standard. All the funds are segregated. This means that the money that each investor, corporation deposits, or trusts are separate from all other funds and cannot be commingled with other investment capital. Rakuten Securities is triple-A banking backed, which means the banks have the top credit rating available. All the funds are fully insured.
Rakuten Securities Account Features
Retail Account
| 📊 Leverage | up to 30:1 |
| 💳 Spreads from | 0.5 |
| 💳 Minimum Deposit | $50 |
| ZAR | R800 ZAR |
| ▶ Max 1shot Amount | 20 |
| ▶ Max Open Position | 250 lots |
| ▶ Margin Call Level | 70% |
| ▶ Margin Call Level | 50% |
| Client Money Segregation | ☑ |
| Negative Balance Protection | ☑ |
| Product Disclosure Statement | ☑ |
| Financial Services Guide | ☑ |
Pro 1 Account
| 📊 Leverage | up to 100:1 |
| 💳 Spreads from | 0.5 |
| 💳 Minimum deposit | $50 |
| ZAR | R800 ZAR |
| ▶ Max 1shot Amount | 20 |
| ▶ Max Open Position | 250 lots |
| ▶ Margin Call Level | 70% |
| ▶ Stop Out Level | 50% |
| Client Money Segregation | ☑ |
Pro 2 Account
| 📊 Leverage | 400:1 |
| 💳 Spreads from | 0.8 |
| 💳 Minimum deposit | $50 |
| ZAR | R800 ZAR |
| ▶ Max 1shot Amount | 20 |
| ▶ Max Open Position | 40 lots |
| ▶ Margin Call Level | 70% |
| ▶ Stop Out Level | 50% |
| Client Money Segregation | ☑ |
Pro VIP Account
| 📊 Leverage | 400:1 |
| 💳 Spreads from | 0.5 |
| 💳 Minimum deposit | $1000 |
| ZAR | R1 600 ZAR |
| ▶ Max 1shot Amount | 20 |
| ▶ Max Open Position | 250 lots |
| ▶ Margin Call Level | 70% |
| ▶ Stop Out Level | 50% |
| Client Money Segregation | ☑ |
How to open a Rakuten Securities Trading Account – Step by Step
How to open a Rakuten Securities trading account:
Step 1 – Navigate to the Rakuten Securities website and click on ‘Start Trading”
Navigate to the account registration area on the Rakuten Securities website. This can be accessed by clicking on the Start trading button at the top of the landing page.
Step 2 – Fill out the Rakuten Securities account registration form
Fill out the short online registration form to request a live trading account. You will need to provide your name, title, last name, date of birth, country of residence, nationality, email, and mobile number.
Click “next” to continue
🟢 Step 3 – Fill out the Rakuten Securities address
Fill out the form by providing the required address, mobile number, and postal code.
🟢 Step 4 – Fill out Employment details
Provide details such as employment status, financial details, and by filling out a short trading experience questionnaire.
🟢 Step 5 – Choose Rakuten Securities swap type and trading currency
Choose the swap type for trading, as well as the currency of your account. Read and agree to the declaration, click next to continue.
🟢 Step 6 – Upload documentation
Upload a photographic passport, driver’s license or national id, and proof of address (within the last 6 months). Additional documentation can be uploaded to support the Rakuten Securities application, Click Submit to apply.
Rakuten Securities Demo Account
The demo account from Rakuten Securities is funded with virtual currency and provides users with access to the MetaTrader 4 platform. The demo account will have the following features:
▶ You can trade with more than 50 products (Forex, Metals, and Indices)
▶ Real-time spreads, fast execution & leverage up to 30:1 for Retail and 400:1 for Pro
▶ Demo accounts use the same price feed as our live MT4 platform
▶ Practice trading with your Smartphone and PC
Rakuten Securities Islamic Account
Also known as ‘no swap accounts’, Islamic trading accounts allow Muslims to engage in online forex trading in compliance with Sharia law. With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide.
| ☪️️ Rakuten Securities Islamic Account: | Strict Sharia Law |
| Swap 🆓 | |
| Min deposit $50 |
Essentially, an Islamic forex trading account charges no swap or rollover interest on positions held overnight in the forex market. An administration fee is, however, charged on some accounts to open positions.
Rakuten Fees and Spreads
Traders with Rakuten Securities can expect the following spread list:
Rakuten Securities offers tight fixed spreads without commission. The broker’s pricing comes directly from its headquarters which has access to a wide range of top-tier liquidity providers to enable clients to trade with competitive spreads in the global market. As such, spreads average at 0.5 pips for major currency pairs like EUR/USD.
Min Deposit
USD 50
Regulators
ASIC
Trading Platform
MT4
Crypto
No
Total Pairs
40
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Rakuten Securities Deposit fees and deposit methods
Rakuten Securities offers a variety of different deposit methods, which include the following:
💳 Domestic and international bank wire
💳 Credit or debit card
💳 Neteller
💳 Skrill
💳 China Union Pay
💳 Instant transfer for South-East Asia
💳 TransferWise
In terms of deposit currencies, you can add money to your account in one of four currencies including the US dollar (USD), the Australian dollar (AUD), The Euro (EUR), and the British Pound (GBP). You can open multiple accounts funding each with a different currency. When you initially fund your account, you will need to choose one of the four base currencies. Traders depositing in currencies not listed, like ZAR/Rand, will likely incur conversion fees.
Rakuten Securities Trading Platform
Rakuten Securities only offers the ever-popular MetaTrader4 platform, and there are no proprietary platforms as are offered by many other brokers. However, this seems to be by choice, as the company has fully endorsed the use of this incredibly dynamic and comprehensive platform.
Rakuten Securities offers two different trading platforms through MT4. This includes both a downloadable trading platform and a mobile trading platform. The mobile platform supports both Android and iOS. The mobile platform profits from a wide variety of features including charting using technical analysis tools.
Rakuten Securities runs its forex service on the MetaTrader platform. MetaTrader4 (commonly abbreviated to MT4), is a popular piece of software for trading forex and metals. Besides managing trades, it allows users to analyze prices with a slew of charts and technical analysis tools. With its highly customizable and modular approach, this is the company’s choice for dealing with forex.
Rakuten Securities vs Questrade vs Olymp Trade - A Comparison
| 🥇 Rakuten Securities | 🥇 Questrade | 🥇 Olymp Trade | |
| 💳 Minimum Deposit | $50 | $1000 | $10 |
| 🎉 Bonus | ☑ | ☑ | ❌ |
| 💻 MT4 | ☑ | ❌ | ❌ |
| ☪️️ Islamic Account | ☑ | ❌ | ❌ |
Top Countries by Similar Web - Rakuten Securities
| 🌐 USA | 53.52% |
| 🌐 Japan | 27.96% |
| 🌐 France | 13.39% |
| 🌐 Republic of Korea | 0.57% |
| 🌐 Canada | 0.50% |
| 🌐 Others | 4.05% |
Rakuten Securities Current Popularity Trends
According to Google Trends, here is an overview of how frequently the search term – “Rakuten Securities” is entered into Google’s search engine over a given period of time.
Rakuten Securities Review Pros and Cons
| ✔️ Pros | ❌ Cons |
| Low Minimum Deposit | Limited products |
| Easy account opening | High Withdrawal Fees |
| High Leverage | |
| Well Regulated Broker |
Rakuten Securities Customer Reviews
Good Broker
Rakuten Securities is one of the best brokers..Fast depo, fast profit & fast withdraw .. good job ..100% Recommended! – Tina
Must Join
I have had a great experience with Rakuten and I am pleasantly surprised at how great the customer service is.. Any minor issue I had tracking my cash back was quickly resolved within 24 hours…. – Kim
Rakuten Securities Affiliate Program
I enjoy the opportunities to earn an income through IB programs offered by forex brokers, Check it out! – Natalie
You might also like: Rakuten Securities Fees and Spreads
You might also like: Rakuten Securities Account Types
You might also like: Rakuten Securities Demo Account
You might also like: Rakuten Securities Sign-Up Bonus
You might also like: Rakuten Securities Minimum Deposit
You might also like: Rakuten Securities Islamic Account
Min Deposit
USD 50
Regulators
ASIC
Trading Platform
MT4
Crypto
No
Total Pairs
40
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Conclusion
Rakuten Securities is one of the largest forex brokers in the industry, offering low fees with a fast and easy account opening procedure. The company’s MT4 platform offers everything a trader might need, with comprehensive tools and fast execution. While the company’s instrument portfolio might be too limited for some, pure forex brokers will find a well-regulated broker with competitive spreads and useful tools.
Newbie traders on the other hand would need to look elsewhere to find adequate training material before signing up with Rakuten. Customer support is also fairly limited, with slow response on the live chat option but quick resolutions found through email.
Disclaimer
Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. You could lose substantially more than your initial investment. When acquiring the company’s derivative products, you have no entitlement, right, or obligation to the underlying financial asset.
Rakuten Securities is authorized to provide general advice only. Information provided is of a general nature only and does not consider your objectives, personal circumstances, or needs. Rakuten Securities recommends that you seek your own independent personal financial advice before you decide to invest in its products.
A Product Disclosure Statement (PDS) for our financial products and our Financial Services Guide (FSG) are available on request and will be sent to all live account applicants. The PDS and FSG are important documents and should be reviewed prior to deciding whether to acquire, hold or dispose of Rakuten Securities’ financial products or services, according to research in South Africa.
Frequently Asked Questions
Does Rakuten Securities manipulate the market?
No, Rakuten Securities does not manipulate the market, Rakuten Securities is a regulated broker through the Australian Securities & Investments Commission (ASIC).
Which platforms are supported by Rakuten Securities?
Rakuten Securities provides the popular MetaTrader4 trading platforms
Is Rakuten Securities Legit?
Yes, Rakuten Securities is regulated and authorized by the Australian Securities and Investments Commission (ASIC)
For which type of trader is Rakuten Securities best suited?
Rakuten Securities is suited for both beginners and expert traders.
What is the overall rating out of 10 for Rakuten Securities?
Rakuten holds an overall rating of 8/10.
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