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Rakuten Securities Australia?

  • #1
  • First Post: Jun 2, 2018 6:41am Jun 2, 2018 6:41am
So after checking some football news yesterday i saw that FC Barcalona had a new kit supporter- Rakuten..

Now I know this I'snt anything new, although after browsing around, Rakuten as a very large company with high turn over branching out into forex as Rakuten Securities Australia.

They claim to offer low spreads like ECN but without commissions:

MAJOR CURRENCIES

  1. AUD/USD 0.5
  2. GBP/USD 0.8
  3. EUR/USD 0.5
  4. USD/CAD 1.6
  5. USD/JPY 0.6
  6. EUR/GBP 1.0

They also say: "spreads are fixed for 95% of the normal trading hours. The other 5% of the time is during periods of low liquidity such as data releases, market roll-over and holidays."

I mean this sounds like a great deal to me to gain every pip from the market I can and being regulated by ASIC gives me some peace of mind.

What do you guys and gals think?

  • #2
  • Jun 3, 2018 10:50am Jun 3, 2018 10:50am
Quoting leweg1
What do you guys and gals think?
I think it's great, the best price in the market for trading the EU, alongside Activtrades. The lower the spread the better, as long as execution doesn't suffer.

Is it a bucket shop? Probably but would imagine will be fine for a small account.
  • #3
  • Jun 3, 2018 10:54am Jun 3, 2018 10:54am
Quoting C-12
{quote} I think it's great, the best price in the market for trading the EU, alongside Activtrades. The lower the spread the better, as long as execution doesn't suffer. Is it a bucket shop? Probably but would imagine will be fine for a small account.
This is what I was thinking. If spreads are as low as they claim and with out commission it's a win win for the trader. I've requested a demo account which I will browse in to, If good will open live with small deposit and request a withdrawal and see how long it takes as I'm a UK resident (coming from auzzi)(the withdrawal)
  • #4
  • Jun 3, 2018 1:27pm Jun 3, 2018 1:27pm
Quoting leweg1
{quote} This is what I was thinking. If spreads are as low as they claim and with out commission it's a win win for the trader. I've requested a demo account which I will browse in to, If good will open live with small deposit and request a withdrawal and see how long it takes as I'm a UK resident (coming from auzzi)(the withdrawal)
Ok this doesn't look as good as expected. You'll need flash enabling to view this chart.

You can see the spread constantly spiking up to 2.8 pips. Looks like a heavily filtered feed.

https://www.myfxbook.com/en/forex-br...-spread/3478,1

If in UK, why not try Activtrades since it's also spread betting and UK based? On the other-hand if you're looking for pure agency then you've got LMAX or Darwinex. We're pretty much spoilt for choice here.
  • #5
  • Jun 4, 2018 7:58am Jun 4, 2018 7:58am
Quoting C-12
{quote} Ok this doesn't look as good as expected. You'll need flash enabling to view this chart. You can see the spread constantly spiking up to 2.8 pips. Looks like a heavily filtered feed. https://www.myfxbook.com/en/forex-br...-spread/3478,1 If in UK, why not try Activtrades since it's also spread betting and UK based? On the other-hand if you're looking for pure agency then you've got LMAX or Darwinex. We're pretty much spoilt for choice here.
hmm odd, Rakuten got back to me today with a demo account, i must confirm spreads are low and haven't changed yet from what i posted in my first post.

Only problem i'm seeing is re-quote issues, like alot!

I do currently have a Spread bet acc with ADS Securities London, no issues with them, bank withdrawals are processed and in my bank acc same day, i must agree we are spoilt for choice here.
  • #6
  • Oct 24, 2019 3:32am Oct 24, 2019 3:32am

0.5 spread on EURUSD is this real? Any experience from retail traders on here (not commercial members).


It seems to good to be true. I will have to give them a try at some point, just not right now.


I'm paying around 1.2 spread EURUSD, so i save 0.7, save another 0.6 on GBPUSD,


Again, It seems to good to be true. Tell us your experiences with Rakuten.


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  • #7
  • Oct 25, 2019 7:37am Oct 25, 2019 7:37am
first off.

u need to know the competitors. when it comes to jap brokers. the big 4 are gmo,monex,rakuten,gaitame.

these companies control in excess of 50billion usd dollars each. making them well capitalized/sometimes even better capitalized than banks to be your counterparty.

that said, i can say with certainty that 2 of the 4 listed aboves are market makers base off ecn price feed. which 2 do your own homework.

their business model is simply that statistics always prevail; over a long enough timeline, the survival rate of any enigma is zero.
  • #8
  • Last Post: Jul 11, 2020 11:00am Jul 11, 2020 11:00am
I checked out Rakuten but they charge 2% fees on on withdrawal and that makes them less appealing to me. But I tried demo and the low spread is real.
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