Malaysian online trading platform Rakuten Trade has another option to buy U.S. stocks after it launched its U.S. stock trading service in January 2022。Rakuten Trade is a trading platform regulated by the Malaysian Securities Regulatory Commission (SSRC), which provides users with online participation in trading designated U.S. stocks and ETFs, with a minimum of RM1, and is one of the lowest U.S. stock commissions on the market.。

This article collates the process of placing an order to buy U.S. stocks and ETFs at Rakuten Trade to help you easily trade to your favorite U.S. stocks!Content includes：

◇ Rakuten Trade US Stock Trading Process Teaching

◇ What order types and quantities does Rakuten Trade offer

◇ Commissions and other fees for U.S. stock transactions

Rakuten Trade trades at the exchange rate of U.S. stocks.

◇ Rakuten Trade US Stock Trading FAQ

Small reminder before buying and selling U.S. stocks

1, want to trade U.S. stocks and ETFs through Rakuten Trade, in Rakuten Trade cash prepaid cash account, need to log on to the trading platform again, apply for U.S. stock trading services (and therefore apply for foreign markets)。Rakuten Trade will complete the review and open the Rakuten Trade account as soon as we open the Rakuten Trade account to apply for the opening of the U.S. stock trading service, to avoid prompting the future want to trade, but also need to wait extra time.。

2, in Rakuten Trade trading U.S. stocks, the main currency is the exchange rate (MYR), users can through online banking FPX, Interbank-GIRO cross-bank transfer, checks and other ways to deposit money.。

3. The system will use the RMB exchange rate of most banks to convert the RMB in the account to USD for transactions.。Currently Rakuten Trade investment accounts can only hold notes。

4, when opening an account can use the exclusive account opening link, enter the official website registered account, the first transaction can get 1000 points of Lotte points and commission-free rebates!

Rakuten Trade US Stock Trading Platform Interface Introduction

After all the cash prepaid accounts, users can switch between horse stocks and U.S. stocks in the same interface, and domestic and overseas market transactions are connected to the same cash prepaid account, otherwise the use of (MYR) cash can be traded, the consumption of foreign exchange to the U.S. dollar, very convenient.。

Log in to Rakuten Trade account, on the Dashboard home page, the left side is my account summary (MYR) all asset information (the rest), including cash amount, position around and tradable periphery;。

Rakuten Trade U.S. stock order process

Rakuten Trade's process for placing an order to trade U.S. stocks or ETFs is simple:

1. 1.Register account and transfer deposit
2. 2.Search for stocks or ETFs you want to trade, click Buy to buy or Sell to sell
3. 3. Set the order data (order type, price, quantity, quantity), enter the transaction password
   4.After confirming the order information, send it out

Next, we will introduce the process of placing an order to buy stocks and ETFs at Rakuten Trade step by step in a multi-graphic format.。The order placing process will be based on the Rakuten Trade web page, which takes only 1 minute to complete the order placing transaction.。

Step 1: Search for U.S. stocks or ETFs you want to place an order for

RegisterRakuten TradeAfter the account, remittance deposit, you can start the order transaction.。

Log in to your Rakuten Trade account. The default main interface is Dashboard. You can view total asset information, index trends, and the latest financial information.。

In the search bar at the top right of the main interface, enter the name or code of a stock or ETF, such as Coca-Cola (code KO), Tesla Tesla (code TSLA), SPDR S & P 500 ETF Trust (code)) SPY) tracking S & P 500, and Invesco QQQ Trust (code QQQ) tracking NASDAQ-100。

For example, if you place an order for Facebook Meta Platforms (code FB), enter Meta or FB in the search bar to automatically pop up the options for Facebook stocks, and click to enter the detailed quotes page of the tab.。

If you have a label that you want to track and observe, you can also click on the right to add a self-selected stock list (Watchlist).。

Step 2: Choose the trading direction "Buy" or "Sell"

On the "Quotes" page of the investment target, you can view the latest quotes and basic data (summary), stock price movements and technical charts (charts), company information (company information), fundamental analysis data (fundamental categories), and corporate activity information (corporate action history).。

Select the trading direction in the upper right corner: Buy or Sell。

As a reminder, choosing to sell represents shorting a stock without holding the underlying asset is a margin transaction。Rakuten Trade does not currently support margin trading and requires equity or ETF holdings to execute a sell.。

Step 3: Set the order data (order type, price, quantity, quantity)

Next, set the order data, including order type (order type), price, quantity and amount (valid), enter the transaction password (transaction password), click confirm order to continue to the next step。

Order Type

Rakuten Trade U.S. stocks can only trade limit orders (limit orders), which are orders placed at a specific price.。Orders are executed and closed only in two cases:

When the specified price is reached, or when a better price is reached (corresponding to or higher than the specified buy price)

Price Limit

At what price to buy or sell the underlying。

Quantity

Number of units bought or sold, the largest unit of U.S. stock is 1 share, Rakuten Trade does not support trading zero shares (Fractional Share)。

effective degree

You can select recent orders, including valid on the same day and valid before。

1. 1.Day (Day): Orders are valid only in stock market trading on the day they are placed, and unfilled orders are automatically withdrawn after the close of the day.。
2. 2.Valid before redemption (GTD): Set an order redemption date, orders will remain valid until the specified date, and unfilled orders will automatically resume after the close of trading on the day of redemption.。

Step 4: Confirm the order information and open the transaction

Check the order details, confirm all the information, click submit to complete the order。Rakuten Trade and partner Interactive Brokers close orders on a best effort basis。

You can view the order status in the order status。

Fees (commissions, other fees) for trading U.S. stocks at Rakuten Trade

Rakuten Trade's commissions for trading U.S. stocks range from RM1 to RM100 and are calculated as follows: at the time of trading, the system converts the amount of U.S. dollar transactions to the seventh at a specific exchange rate (indicative rate) and calculates the commission based on the final amount of transactions。

The commission structure is:No more than RM700 for a single transaction, commission of 1% of the transaction, minimum RM1 for a single transaction; popular RM700 to RM9,999 for a single transaction.99, commission RM9; single transaction repeat RM10,000 to RM99,999.99, the commission is 0 of the transaction amount.10%; more than RM100,000 for a single transaction with a commission of RM100。

For example, buy a share of Facebook Meta Platforms (FB) at 230.87 dollars, at the exchange rate at the time of the transaction 4.20500 USD / MYR calculation, total transaction volume converted to approximately RM970.80。The transaction volume is about RM700 to RM9,999.99, commission is RM9。

The actual transaction volume (approximately RMB) is approximately the same as the final transaction volume of Rakuten Trade.。

Single transaction volume (RM)	Commission (Cash Prepaid Account)
< 699.99	Minimum RM1 (1% of trading volume)
700 – 9,999.99	RM9
10,000 – 99,999.99	0.10%
>99,999.99	RM100

Rakuten Trade launched its USD foreign currency account service on August 26, 2022, allowing users to exchange [powder - USD] currencies and trade U.S. stocks directly in USD.。Click on this article for more details。

In addition to commissions, investors are subject to tax-related fees such as stamp duty, SEC compliance fees (SEC Fee) and trading activity fees (Trading Activity Fee).。Note that SFC fees and trading activity fees are only charged at the time of sale.。

Category	费用	Toll Collection Agency
SFC fees (only charged on sale)	0.0008% * Minimum transaction amount USD 0.01	SEC
Transaction activity fee (only charged at the time of sale)	0.0145% / share minimum 0.$01, up to 7.27 美元	FINRA
Stamp duty (US stocks)	- RM1,000 transaction amount, RM1 received.00 Maximum RM1,000	Revenue Authority of Malaysia LHDN
Stamp Duty (ETF)	- RM1,000 transaction amount, RM1 received.00 Maximum RM200	Revenue Authority of Malaysia LHDN

Measured Rakuten Trade trades U.S. stocks

SSF team measures Rakuten Trade placing an order to trade U.S. stocks, buying 1 share of Palantir (PLTR), trading at 13.$45, the exchange rate used for the final transaction was 4.2105 USD / MYR calculation, total transaction volume converted to approximately RM56.63。

Bank Negara Malaysia exchange rate on February 11 was 4.1883 USD / MYR, Rakuten Trade exchange rate increased by 0.0222。

This transaction volume is less than RM999.99, commission is RM7。Other transaction fees include stamp duty RM1.50。

The total amount paid for this transaction is (xvii): total transaction amount RM56.63 + commission RM7 + stamp duty RM1.50 = RM65.13。

* Note: Rakuten Trade has implemented a new commission system on April 17, 2023, so the above measured commissions are no longer applicable。Under the new commission system, the commission for current transactions is RM1。From July 2023, Malaysia's stamp duty on shares increased from 0.15% to 0.1%。

* Investment labels are for guidance purposes and do not constitute any investment advice。

Foreign exchange rates in Rakuten Trade

Rakuten Trade trades U.S. stocks and ETFs in U.S. dollars, and when you exchange dollars - U.S. dollars, the system displays a set of relevant exchange rates (indicative rates), giving the user a rough indication of how much U.S. dollar cash is required for the transaction。The exchange rate will be quoted on a daily basis to pay third-party holders of foreign exchange licenses.。

The final quotation shown for USD payment is subject to the settlement transaction order (transaction statement)。

If you are not sure about the amount of the deposit at the time of the Golden Lotte transaction, you can use the built-in cash deposit foreign exchange calculator to calculate the amount of the deposit.。The method is: login > My Account > Cash Deposit > On the far right, you can use the Cash Deposit Forex Calculator, enter the label, price, quantity of the desired investment, and you can try to figure out how much you need to deposit.。

Rakuten Trade Trading U.S. Stocks FAQ

What U.S. Stocks and ETFs Can I Trade？

On July 24, 2023, U.S. stocks tradable at Rakuten Trade were 926, ETFs were 249, and ADRs were 25.。(The full list of U.S. stocks can be viewed here; the full list of ETFs can be viewed here; the full list of ADRs can be viewed here)

The minimum and maximum units for trading U.S. stocks are？

The minimum unit for each U.S. stock and ETF transaction at Rakuten Trade is 1 share and the maximum unit is 10,000 shares or $100,000。If you want to trade more than this amount, you can tear down several orders.。

Are U.S. stock market quotes in real time?？

Rakuten Trade provides real-time quotes on the U.S. stock market and must have an overseas stock investment function in order to query real-time quotes.。Click here to see how to open the overseas stock investment function.。

Market Depth not supported。

Can I buy stocks at market price when placing an order?？

No, currently only limit order trading is supported。

The time of the U.S. stock pending order is.？Whether pre-market after-market trading is supported？

U.S. stock orders are traded only during normal trading hours, from 09: 30 a.m. to 16: 00 p.m. (Eastern Time), users can place orders on non-trading transactions, and the system will place orders and transactions on normal trading.。

Pre-post trading is not supported for the time being.。

Is it possible to place orders for U.S. stocks by phone or in euros?？

No, only via Rakuten Trade web version or iSPEED.My Mobile App Transaction。

Do U.S. stocks have margin trading services?？

No, users cannot lend shares or borrow shares from Rakuten Trade for margin trading (i.e., shorting shares)。

SUMMARY

The above is the process of teaching Rakuten Trade to place orders to buy and sell U.S. stocks and ETFs, as well as common trading issues.。When trading, only cash transactions can be used, so it is recommended that you deposit money early to your Rakuten Trade account.。

Any questions, welcome to leave a message to communicate with us。