Quick Facts
Rakuten Securities, a Japanese online securities company, has a subsidiary called Rakuten Securities Australia.
This company offers trading services for stocks, options, futures, and forex to its Australian clients.
The company is regulated by the Australian Securities and Investments Commission (ASIC).
Rakuten Securities Australia provides its clients with competitive brokerage fees and spreads.
The company offers a range of trading platforms, including MetaTrader 4 and its proprietary platform.
Rakuten Securities Australia provides research and analysis tools to help clients make informed investment decisions.
The company has a dedicated customer support team available to assist clients.
Rakuten Securities offers leverage of up to 200:1 for forex and other products.
The company has a minimum deposit requirement of AUD 200.
Rakuten Securities Australia provides access to global markets, including the ASX, NYSE, and NASDAQ.
My Personal Experience with Rakuten Securities Australia Review
As a trader, I’m always on the lookout for the best online brokerages that can provide me with the tools and services I need to succeed in the markets. In this review, I’ll share my personal experience with Rakuten Securities Australia, highlighting its features, benefits, and drawbacks.
Getting Started with Rakuten Securities Australia
The sign-up process was seamless, and I was able to open an account within a matter of minutes. The online application form was easy to navigate, and the required documents were minimal, making it easy to get started.
Account Types
Rakuten Securities Australia offers two main account types: Standard and Pro.
| Account Type | Standard | Pro |
| Minimum Deposit | $200 | $1,000 |
| Commission Per Trade | $11.50 | $9.50 |
| Overnight Fee | 0.05% | 0.05% |
| Market Data | Limited | Unlimited |
Trading Platform
Rakuten Securities Australia’s proprietary trading platform, Rakuten Trader, is available for both desktop and mobile devices. I found the platform to be user-friendly, with a clean and intuitive interface.
Features
- Charting Tools: Advanced charting tools, including technical indicators and drawing tools.
- Order Types: Support for various order types, including limit, stop-loss, and trailing stops.
- Market News: Real-time market news and analysis from leading providers.
Fees and Commissions
Rakuten Securities Australia’s fees and commissions are competitive, but not the cheapest in the market.
| Asset Class | Standard | Pro |
| Australian Shares | $11.50 | $50 |
| International Shares | $28.50 | $18.50 |
| Options | $11.50 | $9.50 |
Pros and Cons
Here are some of the advantages and disadvantages of using Rakuten Securities Australia:
- Competitive fees and commissions.
- User-friendly trading platform.
- Advanced charting tools.
- Fast execution speeds.
- Limited international market access.
- High overnight fees.
- Limited customer support options.
Customer Support
During my review, I encountered an issue with my account, and I was able to get in touch with the support team via email. While the response time was acceptable, I was disappointed with the limited support options available, with no live chat or phone support.
Rating
Based on my experience, I would give Rakuten Securities Australia a rating of 4 out of 5 stars”.
Recommendation
If you’re looking for a similar online broker with more international market access, I would recommend checking out IG Markets, another leading online broker in Australia.
Frequently Asked Questions
Rakuten Securities Australia Review FAQ
Who is Rakuten Securities Australia?
Rakuten Securities Australia is a leading online trading platform that provides access to global financial markets, including shares, options, futures, and forex.
What are the benefits of trading with Rakuten Securities Australia?
The benefits of trading with Rakuten Securities Australia include competitive pricing, fast and reliable execution, advanced trading platforms, and 24/5 customer support.
What types of trading accounts do they offer?
Rakuten Securities Australia offers two types of accounts: a Standard Account and a Professional Account. The Standard Account is suitable for retail traders, while the Professional Account is designed for advanced traders and institutional clients.
What are the fees and commissions?
Rakuten Securities Australia charges competitive fees and commissions on trades. The fees vary depending on the type of trade and the trading account. You can find more information on their fees and commissions on their website.
Do they offer any education and research tools?
Yes, Rakuten Securities Australia provides a range of education and research tools, including market analysis, technical analysis, and webinars. They also offer a demo account for new traders to practice their trading skills.
Is Rakuten Securities Australia regulated?
Rakuten Securities Australia is regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services License (AFSL).
How do I open an account with Rakuten Securities Australia?
You can open an account with Rakuten Securities Australia by filling out an online application form on their website. You will need to provide identification and proof of address.
Can I trade on mobile devices?
Yes, Rakuten Securities Australia offers mobile trading apps for iOS and Android devices, allowing you to trade on the go.
Is Rakuten Securities Australia a trustworthy broker?
Rakuten Securities Australia is a reputable and trustworthy broker, with a strong regulatory framework and a commitment to providing a secure and reliable trading environment.
Why I Chose Rakuten Securities Australia
As a trader, I’ve always been on the lookout for a reputable online trading platform that offers a seamless and user-friendly experience. After researching and comparing various options, I chose Rakuten Securities Australia (RSA) because of its excellent reputation, competitive fees, and access to a wide range of financial instruments.
My Experience with Rakuten Securities Australia
Through my use of RSA, I’ve been able to trade with confidence and ease, utilizing the platform’s advanced features and tools to refine my trading skills. Here are some key takeaways that have helped me improve my trading abilities:
- Robust Trading Platform: RSA’s trading platform is fast, reliable, and user-friendly, allowing me to quickly execute trades and monitor my positions in real-time.
- Competitive Fees: With RSA, I’ve been able to benefit from competitive fees, which have helped me save money and increase my profits.
- Variety of Financial Instruments: RSA offers a wide range of financial instruments, including stocks, options, futures, and forex, giving me the flexibility to diversify my portfolio and adapt to changing market conditions.
- Market Analysis and Insights: The platform’s market analysis tools and resources have helped me stay up-to-date with market trends and make informed trading decisions.
- Support and Education: RSA’s customer support team is highly responsive and knowledgeable, providing me with guidance and support whenever I need it. Additionally, the platform offers a range of educational resources, including webinars, tutorials, and market research reports, which have helped me refine my trading skills.
Why I Recommend Rakuten Securities Australia
Based on my positive experience with RSA, I highly recommend this platform to any trader looking to improve their trading abilities and increase their trading profits. With its robust trading platform, competitive fees, variety of financial instruments, market analysis and insights, and excellent support and education, RSA has been a valuable partner in my trading journey.
Tips for Using Rakuten Securities Australia Effectively
- Start with a solid understanding of the platform: Take the time to familiarize yourself with RSA’s trading platform, features, and tools to get the most out of your trading experience.
- Develop a trading plan: Set clear goals and strategies to help you stay focused and disciplined.
- Monitor and adjust: Stay up-to-date with market trends and adjust your trading strategy as necessary to maximize your profits.
- Take advantage of educational resources: RSA’s educational resources are designed to help you improve your trading skills and stay informed about market developments.
- Practice responsible trading: Always trade with a clear understanding of your risk tolerance and never risk more than you can afford to lose.
By following these tips and utilizing RSA’s features and resources, I’ve been able to improve my trading abilities and increase my trading profits. I’m confident that you will also benefit from using Rakuten Securities Australia and taking your trading to the next level.
