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Last Updated on January 14, 2022 by Chin Yi Xuan

Soon, you can trade the foreign stock market (starting with the US market) via locally regulated Rakuten Trade starting 27th January 2022!

Rakuten Trade has been talking about the launch of foreign stock trading since last year, and I am excited that it is finally coming to fruition.

Why? Because Rakuten Trade will be, hands down, the most affordable Malaysia-regulated platform to trade the US stock market.

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5 key highlights of Rakuten Trade Foreign Equity Trading account:

Here are 5 things we know so far about the soon-to-be-launched Rakuten Trade Foreign Equity Trading account:

  • Starting from 27/1/2022, Malaysians can trade both Malaysia & US stocks on locally-regulated Rakuten Trade Cash Upfront account, 100% online.
  • Commission from RM7 – RM100, which is the same fee structure as Rakuten Trade’s existing Cash Upfront account. This is the lowest yet among Malaysia-regulated platforms.
  • Use MYR to trade the US market at a competitive exchange rate*. (*To be tested)
  • No charges for corporate action for both Malaysia and US stock trading.
  • Rakuten Trade is planning to offer access to the Hong Kong market starting mid-2022.

Rakuten Trade: Lowest commission to trade the US market among Malaysia-regulated platforms

In the past, I am usually skeptical about any local platforms that try to offer access to the US stock market.

Even with players like MIDF Invest or FSMOne trying to disrupt the brokerage business over the past year, I still think the offerings are rather expensive.

However, it seems like Rakuten Trade has found a way to offer Malaysians an affordable way to invest in the US stock market, like finally!

Rakuten Trade Foreign Equity Trading Account Fees Comparison
Rakuten Trade Foreign Equity Trading Account Fees Comparison with MIDF Invest, FSMOne, and Maybank (as of 14/1/2022)

Comparing in trading value (RM) side-by-side, this is how much platform fee you’ll be paying using each Malaysia-regulated platform to buy US shares:

Rakuten Trade Foreign Equity Trading Account Fees Comparison
Rakuten Trade vs MIDF Invest, FSMOne, Maybank (as of 14/1/2022)

As you can see, for most scenarios, Rakuten Trade offers a more flexible and affordable fee structure for investors to invest in the US stock market without incurring heavy commissions.

For me, I think Rakuten Trade’s fee structure is game-changing among local brokers. Now, investors can access the US stock market at fraction of a cost, especially for beginner investors with small capital.


How to sign up for Rakuten Trade Foreign Equity Trading Account

From 27/1/2022 onwards, Rakuten Trade users can start trading the US stock market.

That said, you can already apply & activate your Foreign Trading account today! Even better, from 14/1/2022 – 26/1/2022, you can get 1 FREE US share when you activate your Foreign Trading account via Rakuten Trade!

Rakuten Trade Foreign Trading Promo

How to sign up for foreign trading if you are new to Rakuten Trade:

Step 1: Sign up for a Rakuten Trade Cash upfront account.

If you are new, you’ll have to sign up for a Rakuten Trade Cash Upfront account.

Consider using my Rakuten Trade referral link by clicking the button below, and you’ll get 500RT points (RM5) which can be used to offset your brokerage fee! 

Open a Rakuten Trade Account Today!

If you need help, click HERE for my step-by-step guide to open a Rakuten Trade account. 

Step 2: Get your Rakuten Trade account within 2 working hours

Your Rakuten Trade account will be activated within 2 working hours. 

Step 3: Log in to your Rakuten Trade account and apply for Foreign Stock Trading

Log in to your Rakuten Trade account either via the website or Rakuten Trade’s iSpeed app. You can locate the Foreign Trading activation button easily within the Rakuten Trade platform.  

Activate Foreign Equity Trading Account on Rakuten Trade

Step 4: Submit your application for US stock trading

Spend 1 minute to share some info required to trade the US stock market. Then, submit your application. 

Activate Foreign Equity Trading Account on Rakuten Trade

Step 5: Your Foreign Trading account will be enabled within 2-3 working days


How to sign up for foreign trading if you are an existing Rakuten Trade user:

If you are an existing Rakuten Trade user, just follow Step 3 to Step 5 above and you’ll be good to go!


Rakuten Trade Foreign Equity Trading – Review Coming Soon!

So, what do you think about Rakuten Trade’s soon-to-be-launched Foreign Trading account?

Personally, I am excited to try it out when it is launched, so definitely stay tuned for my full review!

Meanwhile, if you are keen to trade the US stock market, feel free to open a Rakuten Trade account and activate the Foreign Trading feature today, and win 1 FREE US Share while doing so!

Open a Rakuten Trade Account Today!


Disclaimer:

This post contains affiliate links, which afford No Money Lah a small referral (and in return, support this blog) if you sign up for an account using my referral link.

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Chin Yi Xuan

Hi there! I am Yi Xuan. I am a writer, personal finance & REIT enthusiast, and a developing trader with the goal to become a full-time funded trader. Every week, I write about my personal learnings & discovery about life, money, and the market.

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