Finding reliable and comprehensive reviews of Rakuten Securities can be a challenging task, especially when looking for information from a trustworthy source. In this detailed review, we will provide you with an in-depth overview of Rakuten Securities to assist you in making an informed decision before opening an account or trading on their platform.
Rakuten Securities Overview
Forex brokers are firms that offer traders access to a platform for buying and selling foreign currencies. Transactions in the forex market involve trading currency pairs, where traders either buy or sell a specific pair. Forex brokers, also known as retail forex brokers or currency trading brokers, handle a small portion of the overall forex market volume. These brokers facilitate retail currency traders’ access to the 24-hour currency market for speculative purposes. Larger firms, such as investment banks, provide forex broker services to institutional clients.
Rakuten Securities specializes in online trading services and provides a wide range of financial instruments across various markets, including forex, metals, and indices. As one of the largest online brokers globally, Rakuten Securities offers a highly competitive trading environment through the powerful MetaTrader platform. They provide a variety of online products, no commission charges, and fixed, tight spreads. With a commitment to high ethical standards, transparency, safe practices, and excellent support for traders, Rakuten Securities is a dedicated broker. Their headquarters are located in Sydney, New South Wales, Australia.
Established in 1999, Rakuten Securities, Inc. is headquartered in Tokyo, Japan. It has quickly emerged as a leader in the industry, serving over 2.6 million traders worldwide. Over the years, Rakuten Securities has expanded its operations throughout Asia, Europe, the Americas, and Oceania.
Rakuten Securities Awards and Recognition
When choosing a forex broker, many traders consider the awards and recognition a broker has received during its years of operation. These accolades indicate the broker’s overall performance, strengths in features and platforms, and its standing within the industry. It’s important to note that not all brokers participate in awards, so it should be considered alongside the overall broker offering. While Rakuten Securities provides excellent services, they do not list any awards or recognitions on their website.
Rakuten Securities Accounts
A forex account is necessary for holding and trading foreign currencies. Opening an account with a broker grants access to the forex market, allowing traders to deposit funds in their denominated currency and engage in currency trading. Selecting the right account type is crucial as it directly impacts potential profit and loss. The forex market caters to a diverse range of traders, including beginners, intermediate level traders, seasoned professionals, and institutions. Consequently, there are several types of accounts available to meet different trading needs.
When deciding on an account that suits you, consider factors such as transaction costs, spreads and commissions, trade routing, trading software and platforms, and the range of markets available.
Rakuten Securities Types of Accounts and Their Features
Rakuten Securities offers four different account types: Retail Account, Pro 1 Account, Pro 2 Account, and Pro VIP Account. Let’s explore the features of each account:
Retail Account
- Leverage: Up to 30:1
- Spreads from: 0.5
- Minimum Deposit: $50
- Max 1shot Amount: 20
- Max Open Position: 250 lots
- Margin Call Level: 70%
- Stop Out 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
- 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
Please note that these account details are subject to change, and it’s important to verify the most up-to-date information on Rakuten Securities’ official website.
This review provides an overview of Rakuten Securities’ services and account options. Remember to thoroughly research and consider your trading needs before making a decision.