Rakuten begins accepting orders for margin trading in US stocks

Rakuten Securities, a major Japanese currency broker, said it would begin accepting orders for U.S. stocks on Saturday.

However, the first trade will be recorded Monday under local US trading hours, the forex broker said.

Rakuten, which recently obtained permission to become a public company, announced this Friday in a statement posted on its website.

However, to participate in US equity margin trading, traders will need to open a foreign equity margin trading account.

“Applying for and opening a margin trading account is free. Applications are accepted from Sunday, June 19,” the Japanese firm said in the statement.

The Rakuten Campaign

According to details on the company’s website, the margin deposit rate for margin trading of the company’s US stocks is 50%.

While the settlement currency is the US dollar, the stop-loss deposit rate is 10%.

“Margin trading in US stocks can be up to twice as much as prime funds (consignment), and you can buy and sell the same stock as many times as you want with the same funds on the same day” , explained the broker. .

To celebrate the start of margin trading in US stocks on its platform, Ratuken said it is planning a campaign for all of its clients.

During this period, there will be no transaction fees for margin trading of US stocks.

The company further noted that its clients who already have a domestic stock margin trading account will also be eligible to participate in the campaign.

This category of clients becomes eligible once their margin trading account for US stocks is opened, the broker said.

“Currently we are running a campaign to give 200 points even if the margin trading account (domestic stocks, US stocks) has been opened. No entry required,” Ratuken said.

Meanwhile, Rakuten Group in its first quarter (Q1) revenue for fiscal 2022 (FY22) saw an 11.7% increase in revenue.

The group’s turnover reached 437.1 billion yen. This would be the highest level ever recorded by the Group in the first quarter of a financial year.

Rakuten also recently officially jumped into the growing non-fungible token (NFT) space with the launch of Rakuten NFT.

finance tycoons reported that the newly launched platform supports buying and selling of the emerging asset class.

Rakuten Securities, a major Japanese currency broker, said it would begin accepting orders for U.S. stocks on Saturday.

However, the first trade will be recorded Monday under local US trading hours, the forex broker said.

Rakuten, which recently obtained permission to become a public company, announced this Friday in a statement posted on its website.

However, to participate in US equity margin trading, traders will need to open a foreign equity margin trading account.

“Applying for and opening a margin trading account is free. Applications are accepted from Sunday, June 19,” the Japanese firm said in the statement.

The Rakuten Campaign

According to details on the company’s website, the margin deposit rate for margin trading of the company’s US stocks is 50%.

While the settlement currency is the US dollar, the stop-loss deposit rate is 10%.

“Margin trading in US stocks can be up to twice as much as prime funds (consignment), and you can buy and sell the same stock as many times as you want with the same funds on the same day” , explained the broker. .

To celebrate the start of margin trading in US stocks on its platform, Ratuken said it is planning a campaign for all of its clients.

During this period, there will be no transaction fees for margin trading of US stocks.

The company further noted that its clients who already have a domestic stock margin trading account will also be eligible to participate in the campaign.

This category of clients becomes eligible once their margin trading account for US stocks is opened, the broker said.

“Currently we are running a campaign to give 200 points even if the margin trading account (domestic stocks, US stocks) has been opened. No entry required,” Ratuken said.

Meanwhile, Rakuten Group in its first quarter (Q1) revenue for fiscal 2022 (FY22) saw an 11.7% increase in revenue.

The group’s turnover reached 437.1 billion yen. This would be the highest level ever recorded by the Group in the first quarter of a financial year.

Rakuten also recently officially jumped into the growing non-fungible token (NFT) space with the launch of Rakuten NFT.

finance tycoons reported that the newly launched platform supports buying and selling of the emerging asset class.

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