Rakuten Securities Australia

Established in 1999, Rakuten Securities is a reputable online broker with its main headquarters in Japan and subsidiaries in Australia, Hong Kong, Malaysia, and other countries. This review will delve into the operations of Rakuten Securities Australia, an ASIC Authorized Broker, and provide a comprehensive analysis of its offerings in the Forex Market.

Regulatory Status and Safety Check

Rakuten Securities Australia operates under the authorization of the Australian Securities and Investments Commission (ASIC), providing a degree of trust and security for its clients. The ASIC authorization means the broker adheres to stringent regulatory standards, which include financial transparency and fair treatment of clients. However, as with any investment, trading in the Forex Market comes with its inherent risks, and traders should be aware of these.

Trading Offerings

As an online broker, Rakuten Securities Australia provides its clients with a wide array of financial derivatives for trading. These include over 40 Forex currency pairs, commodities, indices, gold, and silver. The broker also offers Contracts for Difference (CFDs), giving traders the opportunity to speculate on the rising or falling prices of fast-moving global financial markets.

Trading Platforms

Rakuten Securities Australia utilizes the popular MetaTrader 4 (MT4) trading platform. Known for its user-friendly interface, advanced charting capabilities, and automated trading features, MT4 is a favorite among both new and experienced traders. The broker also provides Web Trading and Mobile Trading options for those who prefer to trade on-the-go.

Account Details

The minimum trade size at Rakuten Securities Australia is 0.01, with a maximum leverage of 400:1. To open a live account, a minimum deposit of $50 is required. This low entry barrier makes it accessible for traders with different financial capabilities.

Deposit and Withdrawal Methods

The broker offers a variety of deposit and withdrawal methods, including Bank Wire, VISA, MasterCard, American Express, Bitcoin, Maestro, Neteller, Skrill, and UnionPay. This wide range of options provides flexibility and convenience for clients with different banking preferences.

Additional Features

Rakuten Securities Australia also supports Expert Advisors (EAs) or Forex Robots for automated trading. Additionally, the broker offers Copy Trading, allowing less experienced traders to copy the trades of successful traders.

Pros and Cons

Some of the advantages of Rakuten Securities Australia include ASIC authorization, a wide range of trading offerings, and a variety of deposit and withdrawal methods. The broker also offers low minimum deposit requirements and supports automated and copy trading. However, it's worth noting that the broker does not offer cryptocurrency trading, which might be a drawback for some traders.

Scammer or Not

Based on the ASIC authorization and the broker's long-standing operation since 1999, Rakuten Securities Australia appears to be a legitimate online broker. However, traders are always advised to conduct their due diligence before choosing a broker.

FAQ Section

Here are some frequently asked questions about Rakuten Securities Australia:

Is Rakuten Securities Australia authorized?
Yes, Rakuten Securities Australia is authorized by the Australian Securities and Investments Commission (ASIC).

What is the minimum deposit at Rakuten Securities Australia?
The minimum deposit to open a live account at Rakuten Securities Australia is $50.

Does Rakuten Securities Australia support automated trading?
Yes, Rakuten Securities Australia supports automated trading through Expert Advisors (EAs) or Forex Robots.

For more information about Rakuten Securities Australia and other online brokers, visit forexroboteasy.com. Feel free to leave feedback about your experience with the company. This independent review aims to provide a comprehensive analysis of the broker's offerings without any personal bias.