Rakuten Trade offers trading on Bursa Malaysia with a FinTech platform that blends Malaysian and Japanese best practices. They are Malaysia’s first online equities broker, providing investors with cutting-edge digital investment alternatives.
Share trading entails purchasing and selling company shares to profit from price fluctuations daily. Share traders differ from regular stock market investors because they use a short-term approach rather than a long-term one.
A Contra Account is similar to a charge card. This means you will be given a spending limit depending on the shares and cash you have put up as collateral, as well as the shares you want to buy, but you will still have to settle your transactions within two days.
Anyone between the ages of 18 to 65 years old can open a Contra account.
There is no minimum deposit. However, your trading limit is limited by the amount of money in your Cash Upfront Account.
Brokerage fees apply as below:
You should have these documents before applying for the account:
You can choose your preferred Contra Account type by clicking here.
You can contact them at +60321107110 or firstname.lastname@example.org.