Rakuten Securities Review

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Rakuten Securities Review

#1
xysoom

Posted 16 March 2023 - 07:59 AM

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Rakuten Securities Review

Founded in 1999, Rakuten Securities is a global online broker that offers fixed spread trading on forex and CFDs via the user-friendly and popular MetaTrader 4 platforms. You can trade with very competitive conditions on your desktop and mobile devices with minimal hassle. The broker has a good choice of trading tools to assist you with your market analysis. This includes the excellent Autochartist for automatically finding customised trading signals. If you are a beginner, there are some copy trading solutions via ZuluTrade and MyFxBook but educational content is lacking. However, you can always open a demo account to practice trading online or get started in a real trading environment with a deposit of just $50.To get more news about rakuten securities australia review, you can visit wikifx.com official website.

Summary
Rakuten Securities is one of the largest forex brokers in the world and a pioneer in leveraged forex trading. They offer online forex and CFD trading products and services on the MetaTrader 4 (MT4) platform. The broker boasts a global presence with a very large customer base from all over the world. The website is available in an impressive 11 languages. Rakuten Securities Australia is part of the Rakuten Securities Inc. which has been in operations since 1999. Rakuten Inc. is publicly traded on the Tokyo Stock exchange. It has a huge market capitalisation of 1 trillion Japanese Yen.
I have been aware of this broker more or less since I began trading online and have held multiple accounts with them over the years. What initially attracted me to them was the fixed spreads that they provide on currency pairs. I use strategies that require tight spreads at all time, so they were a logical choice for me. However, I was disappointed when I discovered that you couldn’t trade on fixed spreads around certain market hours. This limited my options but I understand it is because there is not enough liquidity to justify the fixed spreads at these hours. If the broker was offering a fixed spread of 2 pips on the EURUSD but they were getting a price of 3 pips due to low liquidity, they would technically be down 1 pip. I would have preferred if they just always had a higher fixed spread to cover all eventualities.

Rakuten Securities states clearly that it is a market maker because its order volume is so high that it can act as its own liquidity provider without involving any third party. The broker affirms that it does not act as counterparty to client orders. Market executions are used on all orders and they are executed within milliseconds. The trade execution servers are located in Australia and Tokyo respectively. I wouldn’t usually opt for a market maker broker as they take the opposite side of your trades. This can sometimes lead to a conflict of interest and prices aren’t always as good as what an ECN broker with lots of liquidity providers can offer. I would consider IC Markets as an alternative is you would prefer a non-dealing desk (NDD) broker with deep liuqidity pools. In saying that, the fact they are a market maker means that they are able to set fixed spreads. If you are using a strategy that needs fixed spreads, they could be a great choice. They are one of a few brokers I have come across who have fixed spreads, IronFX before another option.
Regulation
The broker is regulated by what I would consider to be top-tier regulators. This gives me the peace of mind that they are a broker who I can trust and will operate in an honest and transparent manner. The regulation means that they must comply with strict rules and regulations that are put in place to protect investors. I haven’t had any issue in the many years that I have had an account with them. All of my deposit and withdrawals have been processed without any hiccups along the way.
Funds

All Rakuten Securities Australia client funds are held in segregated accounts domiciled in the National Australia Bank (NAB) which is an AA rated bank. This is in compliance with the ASIC regulations. Funds held in segregated accounts are not used by Rakuten for its internal operations. If in the future, the broker becomes insolvent, the segregated funds will be returned to the owners.

Security

The Rakuten website and platform is protected by a 128-bit Secured Socket Layer (SSL) encryption which is provided by “DigiCert SHA 2 Secure Server CA”. This ensures that all user sensitive data, such as credit card details, are encrypted before it is transmitted to the servers over the internet. Internet hackers and cyber thieves are kept away by this SSL technology.

Countries

The broker accepts clients from all over the world, excluding some countries where restrictions apply such as USA, Belgium, Russia, Iran & Israel. if you find that your country is not accepted, please feel free to look at our broker ratings for an alternative option.

Platforms
The only platform provided for trading is the popular MetaTrader (MT4) platform developed by trading software company MetaQuotes. Rakuten provides the MT4 platform as a downloadable windows desktop application and also as mobile apps. If you are a MAC user then you will need to contact the support team for assistance on how to install MT4 on their systems, which is a bit of an unnecessary hassle. Other brokers provide MT4 for MAC by default, including IC Markets. I think MT4 is the ideal platform for new traders because it is very user-friendly. I like how the interface can be customised according to your own needs. You can make the platform to be as simplistic or complicated as required.