KUALA LUMPUR: Rakuten Trade Sdn Bhd has introduced the enlargement of its Cash Upfront Trading Account to incorporate entry into overseas markets, starting with the United States (US).
Chief government officer Kazumasa Mise mentioned the US share trading service amplifies Rakuten Trade’s worth propositions and unlocks extra worth by way of monetary know-how (fintech) efficiencies.
“With this enhancement, our purchasers will now have entry to commerce shares like Apple and Tesla, in addition to Exchange Traded Funds (ETF) which can be listed on the New York Stock Exchange (NYSE) and Nasdaq, along with over 1,000 shares on Bursa Malaysia.
“Both home and overseas equities will likely be provided on a single dashboard, on the identical low brokerage for a seamless absolutely digital trading expertise,” he mentioned throughout a digital media briefing, right this moment.
Meanwhile, Mise mentioned Rakuten Trade has activated greater than 235,000 trading accounts and dealt with greater than RM95 billion in whole trading worth on Bursa Malaysia as of Dec 31, 2021.
He mentioned its retail market share stood at virtually eight per cent, whereas purchasers’ property underneath belief had exceeded RM3.7 billion.
“We purpose to proceed democratising fairness trading by bettering the digital trading expertise with a client-first mindset.
“With our strengthened digital capabilities that elevate the client expertise, coupled with our absolutely licensed analysis division, Rakuten Trade will proceed to boost requirements and evolve within the years forward,” he added. – Bernama
