Rakuten Trade offers different ways to trade on Bursa Malaysia. You can apply for more than one account when you trade with us thereby allowing you to activate different trading strategies for different accounts.
Why Open A Cash Account?
- Trade based on the available cash you have now.
- Trade and pay brokerage rates from as low as RM7 to a maximum of RM100.
- You will always know your actual cash/portfolio position.
- Available cash balance will earn interest at 1.75% per annum.
A Contra Account is like a charge card. This means that you are extended a spending limit based on the share(s) and cash placed as collateral and the shares you intend to buy but you are still required to fully settle your transaction(s) within two days.
At Rakuten Trade we try and do things differently and our contra trading platform is exactly that.
Why Open A Contra Account?
- Trade up to 5x more than the money you have in your account.
- Trade and pay brokerage rates that are the same as Cash Upfront Account.
- Access to the Day Trade Rebate Program.
- Available cash balance will earn interest at 1.75% per annum.
- Settlement of transaction (either earned or payment to cover loss) is only required 2 days after the transaction (T+2).
- Don't miss another opportunity. Trade using your extended trading limit and settle it later.
*Please refer to the simulated trading limit calculation below
**Please refer to the FAQ section for Day Trade Rebate Program
Contra Trading - How It Works
Types of Collateral | Collateral | |
---|---|---|
Cash | 100% | |
Shares | Main Market (MM)* | 80% |
Ace Market (AM)* | 50% | |
Warrant | 0% |
Example of Collateral | Cash/Shares Pledge Value (RM) | Collateral Value (RM) | |
---|---|---|---|
Cash | 10,000.00 | 10,000.00 | |
Shares | MM | 10,000.00 | 8,000.00 |
AM | 10,000.00 | 5,000.00 | |
Warrant | 10,000.00 | 0.00 | |
Total | RM 23,000.00 |
Collateral Value (RM) | Shares | Multiplier** | Maximum Trading Limit for shares Collateral Value × Multiplier |
---|---|---|---|
RM23,000.00 | Stock A | x 5 | RM 23,000 x 5 = RM 115,000.00 |
Stock B | x 3 | RM 23,000 x 3 = RM 69,000.00 | |
Warrant more or equal to 6 months to expiry | x 3 | RM 23,000 x 3 = RM 69,000.00 | |
Warrant less than 6 months but more than 1 month to expiry | x 1 | RM 23,000 x 1 = RM 23,000.00 | |
Warrant 1 month to expiry | x 0 | RM 23,000 x 0 = RM 0.00 |
* MM & AM - holding stocks in contra account portfolio
** Multiplier - subject to the stock performance
*** Forced selling will be carried out on T+3.
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A RakuMargin is Malaysia's latest and most innovative 3rd party margin financing trading account.
This next generation margin trading account operates like a credit card allowing you to trade using available funds and/or with a pre-approved facility limit powered by Kenanga Investment Bank Berhad (KIBB).
Why Open A RakuMargin Account?
- Trade using available funds and / or pre-approved facility limit of up to RM100,000 based on your collateral cash and share value.
- Brokerage rates remain from as low as RM7 to a maximum of RM100
- 6.8% p.a interest on outstanding balance
*Please refer to the FAQ section for RakuMargin trading details.