RAKUTEN TRADE & KENANGA INVESTMENT BANK LAUNCHED INNOVATIVE & CONVENIENT ‘RAKUMARGIN’ TO PROMOTE AFFORDABILITY AND SEAMLESS TRADING

Published by Lavinesh @ 07/04/2020

Mr Daniel Tan, Chief Information Officer and Mr Kaoru Arai, Managing Director of Rakuten Trade

Rakuten Trade Sdn Bhd (“Rakuten Trade”), announced the launch of its third product in three years, calling it the industry’s most innovative 3rd party margin financing platform to-date; Rakuten Trade’s 3rd party margin trading platform, RakuMargin (powered by Kenanga Investment Bank Berhad) product offers several first-in-market features.

The process of signing up is done completely online and several other new features like an automated facility limit approval of up to RM100,000, as well as digital signature capabilities, to accept the margin facility. In addition to that, Rakuten Trade has a signature low brokerage fee that ranges from RM7 to RM100 with a 6.8% annual interest on outstanding balance with a rollover fee of 0.5% and 1.75% annual interest on the available cash balance.

Mr. Kaoru Arai, Managing Director of Rakuten Trade, said, “We are excited to begin our RakuMargin services especially as this is the first time the product carries our brand name. Raku means easy and together it describes how easy it is to trade using the product. As a fully digital platform, we must be nimble and flexible in the products introduced in order to pique the interest of potential traders. With a constantly evolving market landscape, our clients expect from us innovation and convenience, combined with affordable and seamless trading experience.”

To celebrate the RakuMargin official launch, Rakuten Trade also kicked off its Trade RakuMargin, Fly ANA Campaign with ANA (All Nippon Airways). Eligible RakuMargin traders will receive 1,888RT Points for a COMBO Account opening, brokerage waiver on the 1st successful trade executed within 15 business days of account activation, and a chance to win two roundtrip tickets to Tokyo, Japan.

 

For more information on Rakuten Trade, please visit www.rakutentrade.my