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Rakuten Trade is my go-to broker when it comes to investing in the Malaysia stock market. In addition, it has also introduced US stock trading for Malaysians in January 2022.

In this article, I am going to share a simple step-by-step guide on how to execute a transaction on Rakuten Trade, and explain some key terminologies along the way (Don’t worry it is very straightforward once you get it!).

Before this, here are some posts that you might find useful:

[LIMITED-TIME PROMO] 1/7/2022 – 31/12/2022: Get 1,000 RT points MONTHLY (worth RM10) to offset your brokerage fees with just a few simple steps! Find out more at the end of this article!

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Step-by-Step guide to Buy a Stock on Rakuten Trade

 

Upon logging in to your Rakuten Trade account for the first time, you will have to first fund your trading account using the funding methods available. In short, the easiest method is to fund your account using your savings/current account.

 

Step 1: Search for the stock that you want to buy at the search bar.

 

Step 2: Click ‘Buy

At the order page, there are a few key sections that you got to familiarize yourself with:

1 – Trading Limit: How much capital you have to invest.

2 – Market Price: The price where a share is traded most actively between buyers & sellers.

3 – Best Buy & Best Sell Table (Market Depth): This table shows us what is the price that the people are lining up to buy/sell and the volume.

The more volume it is for a price, it means that the faster you will be getting it once you execute an order. (eg. You will be able to buy at RM1.28 immediately compared to trying to buy at a lower price of RM1.27)

4a – Board Lot & Odd Lot:

Board lot means you buy in a minimum multiple of 100 units. (1 Board Lot=100 units of shares, RM1.28*100=RM128)

Odd Lot means you can buy in a multiple of 1 unit.

•Since more people will buy in Board Lot, your order will usually be filled easier compared to buying in odd lots.

4b – Quantity:

•If you buy in Board Lot, your quantity will be in the multiple of 100. (eg. Put 2 if you want to buy 200 units of shares)

•Odd lot means you are free to key in any number of units that you want. (eg. Key in 88 if you want to buy shares in 88 units)

5a – Order Type:

  • Limit Order: Queuing to Buy LOWER than market price. (if you are selling means you are queuing to Sell HIGHER than market price)
  • Market Order: Buying or selling at MARKET PRICE. (order will be fulfilled almost instantly)

5b – Limit Price (not available if ordering at market price):

  • The price you want to buy below the market price. (eg. Queuing to buy cheaper at RM1.26 instead of the market price of RM1.28)
  • Note that buying below market price may not 100% guarantee that your order will be fulfilled.

6 – Validity (only available if buying/selling via Limit Order):

  • Day: Your order will be canceled if it is not fulfilled by day end (5pm). (eg. If you queued at RM1.26 but did not get fulfilled, then your order will be canceled by 5pm the same day)
  • Good-Till-Date (GTD): You can decide the validity of your order. (eg. You queue for the price of RM1.26 until X date)

7 – Trading Pin: Your numbered pin to approve your trade. (Set when you open your account.)

You have successfully made your first transaction!

Step 3: Fill in the details of your trade, your Trading Pin and click Confirm Order.

Note:

1. Decide if you are buying Board Lot or Odd Lot.

2. Decide your Quantity.

3. Decide your Order Type.

4. Key in your trading pin.

5. Confirm Order.

6. Wait for your order to be filled.

And we are done! This is how exactly you can buy your first stock via Rakuten Trade.


KLSE Market Operating Hours

The market is open from Monday to Friday, except for public holidays. Details on active market hours are as stated below:

Stock market operating hours

Rakuten Trade Referral Link for New Users

 

Rakuten Trade Referral Link

If you are keen to open a Rakuten Trade account, consider using my referral link below! For that, you’ll get:

  • 1000 Rakuten Trade (RT) points worth RM10 to offset your brokerage fee.
  • + 150 RT points when you deposit a min. of RM5,000 within 5 days.
  • + 150 RT points when you transfer your shares from other brokers to Rakuten Trade.
  • + 1x brokerage fee rebate when you place your 1st trade within 30 days after your account is activated.

Aside from that, Rakuten Trade users get +1 RT point for every RM2 brokerage paid! Click HERE for the full T&C on RT points

Open a Rakuten Trade Account Today!

Select 'NoMoneyLah' under 'Educator' to get your RT points!
Select ‘NoMoneyLah’ under ‘Educator’ to get your RT points!

How can you use these RT points?

These RT points are amazing, as they can be converted into BIG Points, which are redeemable for rewards. Even if you are not a fan of BIG points, Rakuten Trade often runs campaigns with companies such as HelloGold and Tokenize so you can convert your RT points into gold or cryptocurrencies!

p.s. Click HERE for the full T&C of your account opening reward.


No Money Lah Verdict

With a good understanding of the terminologies and functions, hopefully, you will not be so overwhelmed with these stock trading platforms!

If you are keen to open a Rakuten Trade account, consider using my referral link below! For that, you’ll get:

  • 1000 Rakuten Trade (RT) points worth RM10 to offset your brokerage fee.
  • + 150 RT points when you deposit a min. of RM5,000 within 5 days.
  • + 150 RT points when you transfer your shares from other brokers to Rakuten Trade.
  • + 1x brokerage fee rebate when you place your 1st trade within 30 days after your account is activated.

Aside from that, Rakuten Trade users get +1 RT point for every RM2 brokerage paid! Click HERE for the full T&C on RT points

Open a Rakuten Trade Account Today!


[LIMITED-TIME Promo] Get 1,000 RT points (RM10) monthly to offset your brokerage fee!

Rakuten Trade is bringing more value to users for the 2nd half of 2022!

From 1/7/2022 – 31/12/2022, get 1,000 RT points (worth RM10) every month when you:

  • Maintain a minimum of RM5,000 in cash balance in your cash upfront account by the last day of the month, AND;
  • Trade minimum 1x US share during the month.

With 2 simple steps above, you can get 1,000 RT points (worth RM10) which can be used to offset your brokerage fee!

p.s. Any cash balance in your Rakuten Trade cash upfront account receives a 1.25% per annum in interest too!

For the full T&C of this campaign, click HERE.

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.

Last Updated on July 13, 2022 by Chin Yi Xuan

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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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