Traders Union Experts Compiled Detailed Rakuten Securities Review

By
July 18, 2023

Rakuten Securities Broker, a division of Tokyo-based Rakuten Group Financial Corporation, was established in 1999. Their headquarters are located in Sydney, and they comply with Australian Securities and Investments Commission (ASIC) regulations.

Many consider a Rakuten Securities review essential when assessing the company’s advanced platforms, competitive trading conditions, and top-tier support. Their objective is to meet every client’s needs through active and passive trading services.

Rakuten Securities: pros and cons

Traders Union provides a balanced perspective on Rakuten Securities, offering insight into both the advantages and disadvantages this broker presents.

Pros:

  • A minimum deposit requirement of just $50.
  • Competitive fixed spreads start at 0.5 pips.
  • Holds a license from the Australian Securities and Investments Commission (ASIC).

Cons:

  • Absence of cent (micro) accounts.
  • No access to the MT5 platform or MT4 web version for clients.
  • A limited selection of trading instruments; lacking cryptocurrencies, stocks, binary options, futures, and bonds.
  • The broker does not cater to traders from Russia and Ukraine.
  • The website lacks a Russian version.

Expert review of Rakuten Securities

TU experts offer an in-depth analysis of Rakuten Securities (Rakuten Securities Australia), an Australian brokerage focusing on Forex trading.

Key Points:

  • Rakuten Securities offers services for both active and passive Forex trading, targeting mostly professional traders.
  • They offer standard accounts with a minimum deposit of just $50 and competitive spreads, making entry easy for beginners.
  • Despite the low entry point, they don’t provide an educational section on their website or micro-accounts. Additionally, clients can replicate successful trades only if they have a minimum of $1000 in their account.
  • They don’t service traders from Russia or Ukraine, resulting in few online reviews from these regions. The limited reviews available, mostly negative, contribute to their low position on Traders Union’s Top Forex Brokers list.
  • The broker’s lack of awards underscores its limited popularity among traders.
  • Though informative, some crucial trading details on their website are only accessible post-signup or by request via email.
  • The support service is English only, suggesting a focus on Western and European investors.

Rakuten Securities referral program and trading conditions

TU analysts offer the following summary of Rakuten Securities’ Introducing Broker (IB) program and its trading conditions:

  • The IB program grants partners up to $14 discounts, equating to 60% of their connected clients’ total trading spread. This enables partners to grow their own Forex businesses.
  • Partners receive marketing resources from Rakuten Securities such as web banners, tailored landing pages, and detailed analytics to monitor potential clients and their trading activities.
  • The minimum deposit for Rakuten Securities users is $50, and the support is available 16 hours a day, 5 days a week.
  • Trading conditions, however, may not suit all traders. The broker only offers a limited set of trading instruments like currency pairs, gold, silver, and indexes, excluding cryptocurrencies, stocks, and futures.

Comparison of Rakuten Securities with other brokers

TU provides an insightful comparison of Rakuten Securities with other brokers, helping traders make an informed decision.

  • RoboForex: Unlike Rakuten, RoboForex offers a wider variety of trading instruments and multiple trading platforms.
  • Exness: Exness offers more extensive leverage options and trading instruments compared to Rakuten Securities.
  • IC Markets: IC Markets provides a broader range of platforms and trading instruments, unlike Rakuten’s limited offerings.
  • FxPro: FxPro has a stronger global presence and offers more trading platforms compared to Rakuten Securities.
  • VantageFX: VantageFX, unlike Rakuten, supports a wider range of trading instruments and offers a stronger educational section.

When considering forex.com, this broker also distinguishes itself from Rakuten Securities. Forex.com boasts a broader range of trading instruments, extensive educational resources, and a stronger global footprint, making it a more attractive option for many traders.

Conclusion

Rakuten Securities offers a low entry point and competitive conditions for Forex trading but falls short in a variety of instruments and educational resources. Therefore, it suits a specific trader profile. For comprehensive reviews and comparisons of other brokers, please visit the Traders Union website.