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Rakuten Securities Australia Review

Why choose Rakuten Securities Australia

Part of the Rakuten Group, offering competitive pricing and a user-friendly platform.

Pros

  • Tight spreads.
  • Robust trading platforms.
  • Strong regulatory oversight.

Cons

  • Limited product range beyond forex and CFDs; inactivity fee after 12 months of dormancy.
Rakuten Securities Australia

Rakuten Securities Australia

Fee Level:

Medium

Inactivity Fee:

Medium

Index CFD Fee:

Medium

Investor Protection:

Up to AUD 250,000 under the Financial Claims Scheme (FCS).

Mobile Platform:

Visit Rakuten Securities Australia

Provides a cost-effective trading environment with minimal fees.

Pros

  • No withdrawal fees; competitive forex spreads starting from 0.0 pips with commissions.

Cons

  • Inactivity fee applies after 12 months of inactivity; limited product range beyond forex and CFDs.

Regulated by ASIC; segregates client funds and offers negative balance protection.

Pros

  • Strong regulatory framework and security measures, including SSL encryption and segregated client funds.

Cons

  • Limited product range beyond forex and CFDs.

Rakuten Securities Australia allows bank transfers, cards, and some e-wallets. Deposits are instant; withdrawals take 1–3 business days.

Pros

  • Fast deposits, secure transactions, no deposit fees.

Cons

  • Fast deposits, secure transactions, no deposit fees.

Rakuten Securities Australia offers streamlined onboarding, usually verified in 1–2 days.

Pros

  • Fast approval and secure platform.

Cons

  • Fast approval and secure platform.

Rakuten Securities Australia offers mobile trading through the MetaTrader 4 (MT4) app, providing traders with access to real-time market data, charting tools, and various order types.

Pros

  • User-friendly interface, reliable performance, essential trading features.

Cons

  • Limited to MT4; lacks proprietary app features and advanced functionalities.

Rakuten Securities Australia utilizes the MT4 desktop platform, known for its stability and support for automated trading through Expert Advisors (EAs).

Pros

  • Robust performance, extensive charting tools, customizable interface.

Cons

  • No support for MT5; interface may seem outdated to some users.

Rakuten Securities Australia offers a selection of forex pairs and CFDs on commodities and indices, suitable for traders focusing on major markets.

Is Rakuten Securities Australia regulated?

Yes, Rakuten Securities Australia is regulated by the Australian Securities and Investments Commission (ASIC) under Australian Financial Services Licence (AFSL) Number 418036. This ensures compliance with Australian financial regulations.

What is the minimum deposit required to open an account?

The minimum deposit required to open an account with Rakuten Securities Australia is $50

How long does it take to process withdrawals?

Withdrawals are typically processed within 1-2 business days, but processing times may vary depending on the payment method used.

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