Rakuten Securities Australia In Forex Trading—What You Need To Know

It is also a member of a publicly traded Japanese company, providing traders with peace of mind. While not as large as some of its competitors, Rakuten Securities is one of the world’s largest online brokerage firms, with 2.6 million customers worldwide. In addition to competitive spreads, this broker offers good local customer support and enduring principles of ethical conduct. In Australia, Rakuten Securities is also a member of the Commodity Futures Association.

No negative balance protection

While there is no negative balance protection offered by Rakuten Securities Australia in forex trading, the firm does have a strong parent company, which is beneficial. While a company with a bank license is more heavily regulated than a broker, a strong parent company should be able to survive the inevitable downturns that inevitably come with financial trading. In addition to this, a listed company is more likely to be financially sound, which significantly reduces the chance of bankruptcy.

Traders often have generic questions about trading. This is understandable, given that the term “negative balance protection” is a new one to them. The term is a marketing gimmick designed to entice newcomers to their service. Ultimately, negative balance protection is a must for every investor. If you have any confusion about rakuten securities australia, then keep reading this article up to the last.

No deposit fees

No deposit fees at Rakuten Securities Australia are an added bonus for forex traders. The company is regulated by the Australian Securities and Investments Commission (ASIC). The company has branches in Hong Kong and Australia and a Malaysian branch authorized by the Securities Commission Malaysia. It also complies with ASIC guidelines, meaning that all client funds are held in segregated accounts at a top-rated Australian bank. Additionally, it is a member of the compensation fund in case of insolvency.

The leverage level of Rakuten Securities is high. Traders can use leverage up to 400:1 on major pairs like EUR/USD. It is important to note, however, that this level cannot be changed by the trading platform. Instead, traders can manually change the leverage level to decrease their risk.

Good customer service

There are many benefits to trading with Rakuten Securities Australia. Not only do they offer competitive commissions and competitive spreads, but they also hold client funds in separate accounts at the National Bank of Australia, an AA-rated bank. This complies with Australian Securities and Investment Commission regulations. If you are unhappy with the services of the brokerage, you can request your money to be returned. Rakuten Securities’ website is encrypted with 128-bit SSL. Its server CA is DigiCerer SHA-2 Secure.

Rakuten Securities is one of the world’s largest online brokers, with a diverse portfolio of asset products and a global presence. The Rakuten Securities Australia website provides forex and CFD trading facilities on an mt4 platform, and the company claims to operate under enduring principles of ethical and responsible conduct. Its international network of offices is regulated by various authorities, including the Financial Services Agency of Japan. Rakuten Securities Australia is a member of the Commodity Futures Association.

Regulated in Australia

Rakuten Securities Australia is regulated by the Australian Securities and Investments Commission (ASIC). All client resources are held in separate bank accounts at a highly rated financial institution. The company does not use any of these funds for its own operations, and any money that is transferred from a client’s account will be transferred directly to the proprietors.

Retail clients of Rakuten Securities Australia can trade in metals, indexes, and CFDs. Its retail trading accounts offer 100x and 400x leverage.. Otherwise, they’ll need to make additional payments to bring it above zero. Alternatively, losses may exceed deposits, which can cause serious financial problems.

MT4 trading platform

Forex and CFD traders in Australia will want to use the Rakuten Securities Australia MT4 trading platform. This broker offers a wide variety of trading services, including indices, CFDs, commodities, and more. Rakuten Securities Australia is a public company based in Australia, regulated by ASIC, and has over 20 years of experience. Depending on the entity, you can even invest in cryptocurrencies.

Expert adviser software will monitor the market and alert the trader when a certain requirement is reached. These programs can direct orders to the broker, filling them and eliminating downtime. They also provide educational and research resources, including a library of pre-programmed analytics. And because Rakuten Securities Australia offers several tools for traders to learn the ins and outs of currency trading, you can use their MT4 platform with confidence.

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