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The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
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Rakuten Securities Hong Kong Limited.
0061292472483
info@sec.rakuten.com.hk
Suite 25.03, Level 25, Governor Macquarie Tower, 1 Farrer Place Sydney NSW 2000, Australia
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The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.
Current Status:
RegulatedLicense Type:
Market Making(MM)Regulated in Country/Area
Regulatory License No.:
418036Email Address of Licensed Institution :
takayoshi.mizuno@sec.rakuten.com.auLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
Suite 5 Level 9, 3 Spring Street, SYDNEY NSW 2000Phone Number of Licensed Institution :
0292472483The Financial Services Agency (FSA) oversees all financial services providers, including Forex brokers, in Japan. The ultimate aim of Japan's FSA is to maintain the country’s financial system and ensure its stability. It is also responsible for protecting security investors, insurance policyholders, and depositors. It achieves its aims in a number of different ways including planning and policy making, supervising financial services providers, overseeing securities transactions, and inspecting financial institutions in the private sector. When the FSA was first created it was merely an administrative body. However, its responsibilities were widened in 2001 when it became the external representative of the Cabinet Office of Japan. It took over the responsibilities of the Financial Reconstruction Committee, and also took over responsibility for failed financial institutions.Today, the FSA Japan is held accountable to the Japanese Minister of Finance and enjoys a wide scope of responsibility.
Current Status:
RegulatedLicense Type:
Retail Forex LicenseRegulated in Country/Area
Regulatory License No.:
5010701021660The Securities and Futures Commission (SFC) is an independent statutory body set up in 1989 to regulate Hong Kong's securities and futures markets. The SFC derives its investigative, remedial and disciplinary powers from the Securities and Futures Ordinance (SFO) and subsidiary legislation. Operationally independent of the Government of the Hong Kong Special Administrative Region, the SFC is funded mainly by transaction levies and licensing fees. As a financial regulator in an international financial centre, the SFC strives to strengthen and protect the integrity and soundness of Hong Kong's securities and futures markets for the benefit of investors and the industry.
Current Status:
RegulatedLicense Type:
Leveraged foreign exchange tradingRegulated in Country/Area
Regulatory License No.:
AIM232Email Address of Licensed Institution :
info@sec.rakuten.com.hkLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
Unit 501 5/F Nexxus Building, 41 Connaught Road Central, Central, Hong KongPhone Number of Licensed Institution :
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General Information & Regulation of Rakuten Securities
Rakuten Securities Australia (RSA) is an index, metals, and CFD broker based in Tokyo, Japan, and is one of the major online traders in Japan, aiming to provide traders with competitive spreads, excellent customer service, and has over 2.6 million customers to date. Rakuten Securities official website shows the regulation by the Australian Securities and Investments Commission will be effective on March 29, 2021.
Market Instruments of Rakuten Securities
Rakuten Securities provides traders with popular financial tradable instruments, mainly popular Forex currency pairs, gold, silver, and index CFDs.
Minimum Deposit of Rakuten Securities
Rakuten Securities offers investors 100x leverage Accounts/Standard Accounts and 400x Leverage Accounts. The minimum deposit for all these three accounts is $50, and for using the copy trading service, a minimum $1,000 account balance is required.
Leverage
Leverage is 1:30 for major currency pairs, 1:20 for minors, 1:10 for commodities, 1:2 for cryptocurrencies, and 1:5 for stocks.
Spreads & Commissions of Rakuten Securities
For 100x leveraged accounts, the EURUSD spread is 0.5 pips, GBPUSD spread at 0.8 pips, AUDUSD spread at 0.5 pips, USDJPY spread at 0.6 pips, XAUUSDspread at 1.5 pips, XAGUSD spread at 3.0 pips, AUS200 spread at 1.5 pips, and Germany30 spread at 0.6 pips. For 400x leveraged accounts, the EURUSD spread is 0.8 pips, GBPUSD spread at 1.1 pips, AUDUSD spread at 1.1 pips, USDJPY spread at 0.9 pips, XAUUSD spread at 1.9 pips, XAGUSD spread at 3.5 pips, AUS200 spread at 1.7 pips, and German30 spread at 0.8 pips. The overnight interest rate is -4.5 for EURUSD, -2 for GBPUSD, and -3 for AUDUSD. Rakuten trade does not charge trading commissions for trading on either account.
Trading Platform Available of Rakuten Securities
Rakuten Securities offers traders the flexibility to choose from the market-leading and highly acclaimed MT4 trading platform and MT4 for Android, MT4 for iOS, and MT4 for Windows. MT4 is the ideal platform for the forex trading industry, with an intuitive user-friendly interface, robust data analysis, and technical indicator tools. MT4 allows traders of all levels to develop appropriate trading strategies to help them get ahead in the financial markets. Rakuten Securities offers a social trading service through MyFXBook, a third-party service provider. This service allows traders to copy others' trades.
Deposit and withdrawal of Rakuten Securities
Rakuten Securities welcomes various convenient deposit and withdrawal methods, mainly NAB (domestic and international wire transfers), VISA, MASTERCARD credit/debit cards, NETELLER, Skrill, wire transfers. Traders who withdraw funds via NETELLER & Skrill are subject to a 2% fee.
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.