Rakuten Trade, a well-known online securities firm, launched its US stock trading service in January 2022, subverting the US stock commission standard in the Malaysian market by offering commissions as low as RM7.。This move has attracted more and more people to join the ranks of U.S. stock investment.。

When using Rakuten Trade to trade U.S. stocks, investors will inevitably encounter some usage problems。In order to help you use the Rakuten Trade platform for U.S. stock trading, the author has compiled answers to frequently asked questions about Rakuten Trade's U.S. stock investments.。

Account Opening FAQ

Who is eligible to apply for Rakuten Trade US stock trading services？

With a Rakuten Trade Cash Upfront cash account, you can apply for U.S. stock trading services.。

How to open a U.S. stock trading service？Is it free?？

After opening a Rakuten Trade Cash Upfront account, you can see the chart of applying for the U.S. stock trading function on the home page (Dashboard), click Apply Now to apply.。

Opening a U.S. stock trading service is free and there are no minimum account funding requirements。

How long will it take for Rakuten Trade to open its US stock trading service?？

Rakuten Trade will complete the review within 2 to 3 working days and open the U.S. stock trading service。The user will receive an email notification。

Why has my U.S. stock trading service been delayed?？

It is possible that your information is incomplete, it is recommended that you contact Rakuten Trade customer service as soon as possible。

What is Foreign Exchange Administration Form？

Foreign Exchange Administration (FEA) is a foreign exchange control regulation established by the National Bank of Malaysia (BNM) under the Financial Services Act 2013 and the Islamic Financial Services Act 2013 to protect the value of the ringgit.。

Users must declare whether any domestic Ringgit Borrowing is involved when opening the Rakuten Trade US stock trading service.。

Domestic Ringgit Borrowing refers to domestic ringgit borrowing, which refers to borrowing from another Malaysian resident (Malaysia Resident), corporation (Corporation) or financial institution (Financial Institution)。

What is W-8BEN Form？

W-8BEN Form is a tax-exempt form from the U.S. Tax Office. According to U.S. regulations, investors investing in the U.S. stock market are required to fill out W-8BEN Form to declare that you are a foreigner.。

Foreign investors are able to enjoy the U.S. tax rate benefits, do not have to pay capital gains tax, only need to pay withholding tax (Withholding Tax) on dividends, the general U.S. listed companies dividend withholding tax is 30%.。

Is it safe to trade U.S. stocks with Rakuten Trade?？Is my money guaranteed?？

The answer is safety, Rakuten Trade is regulated by the Securities Commission Malaysia (SC), holds a capital market services licence, legally engages in securities trading activities and provides investment advice to investors.。

US Stock Trading FAQs

The smallest trading unit for U.S. stocks and ETFs is？

The minimum trading unit for U.S. stocks and ETFs is 1 share。Rakuten Trade stipulates that the maximum trading unit for a single order is 10,000 shares, or a $100,000 turnover.。

S. stock market trading hours are？

09: 30-16: 00 Eastern Time

Malaysia Time

◇ Summer from 21: 30 to 04: 00 the next day

◇ Winter 22: 30 to the next day 05: 00

Through Rakuten Trade, you can participate in the pre-market and post-market periods.？

Can't。However, users can place orders during the pre-market and post-market hours, and the system will submit orders and make pairings during normal trading hours.。

Are U.S. stock quotes real-time data?？

Yes, Rakuten Trade U.S. stock quotes are real-time data, users can query real-time quotes after opening the "U.S. stock trading service."。

Is deep market data available?？

Market Depth data not available。

What are the ways to place an order at Rakuten Trade？

Rakuten Trade web or iSPEED.My Phone App。

Fees for US stocks, ETFs

Rakuten Trade trades U.S. stocks and ETFs with commissions ranging from RM1 to RM100。The calculation is that, at the time of the transaction, the system converts the amount of the dollar to the ringgit at a specific exchange rate (Indicative Rate) and calculates the commission based on the final ringgit amount.。

Below is the Rakuten Trade Commission Rate Table。

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

For example, buy a Tesla (TSLA) with a share price of $844, assuming the exchange rate is 4.20500 USD / MYR, total turnover converted to ringgit is about RM3,549。The turnover is between RM700 and RM9,999.99, the commission is RM9。

Rakuten Trade also supports trading in "dollars."。Before trading in U.S. dollars, users need to convert their currency (Currency Exchange) to U.S. dollars before they can trade in U.S. dollars.。

US stocks traded in USD at Rakuten Trade with a minimum commission of USD 1 per trade.88, the maximum commission is USD 25, and the commission is calculated as 0 of the transaction amount..1% to calculate。

Trading volume	Commission (USD)
Arbitrary amount	0 of turnover.1% * Minimum commission per transaction USD 1.88; up to USD 25

Can Rakuten Trade trade options, futures, indices or other financial derivatives?？

No, currently Rakuten Trade can only trade U.S. stocks, ETFs and ADRs, and Hong Kong stocks。

Can Rakuten Trade Trade Zero Shares?？

No.。Minimum trading unit is 1 share。

Can I operate margin trading?？

No.。Only cash transactions are accepted。

Sending Method of Settlement Doc？

After the US stock market closes that day, log on to Rakuten Trade to download by: LOGIN > > MY ACCOUNT > > MY STATEMENT > > TRADING STATEMENT。

Do I have to pay capital gains tax on selling U.S. stocks?？

No need。

What are the costs of selling U.S. stocks?？

The sale of U.S. stocks is subject to commissions, SEC compliance fees (SEC Fee) and FINRA trading activity fees (FINRA).。

SFC Compliance Fee = 0.0008% x Total turnover (USD), converted to RMPay

FINRA Transaction Activity Fee = 0.013% x Number of shares traded, re-converted to Ringji Pay

Funding FAQ

How to get into Rakuten Trade？

Rakuten Trade channels include: online bank transfer (online bank transfer), checks, bank counter processing (cross-bank transfer, wire transfer, Interbank-GIRO)

Online bank transfer (online bank transfer) single transfer maximum is RM30,000, more than RM30,000 need to go to the bank。

Why hasn't the deposit been paid for a long time?？

Online bank transfer is usually instant.。If the account is not received within 3 hours (working day), you need to contact Rakuten Trade immediately to check the fund status.。

Can I hold dollars at Rakuten Trade?？

Can。

Is the exchange rate used by Rakuten Trade fixed?？

Rakuten Trade uses exchange rates quoted by third-party licensed foreign exchange dealers, so the exchange rate of the ringgit to the US dollar is variable on a daily basis。

Stock Transfer FAQ

Can you transfer U.S. stock assets from another broker to Rakuten Trade?？

Can't。

Can you transfer Rakuten Trade's U.S. stock assets to another broker?？

Can't。

Corporate Action FAQ

How will I receive U.S. stock dividends?？Are dividends taxable?？

After a listed company pays a dividend (cash dividend), it is first collected by Rakuten Trade's partners such as Interactive Brokers and transferred to Rakuten Trade, and Rakuten Trade remits it to the investor's Cash Upfront Account as soon as possible.。

U.S. dividends are subject to withholding tax (Withholding Tax), which is generally 30%。Dividends received by investors are automatically deducted from withholding tax and investors do not have to worry about paying tax。

How will I receive U.S. stocks?？

When a listed company issues bonus shares (bonus shares), the bonus shares will be automatically deposited into the investor's account without additional application.。

Is there a Dividend Reinvestment Plan (DRIP) feature?？

No.。

Can I attend a general meeting (AGM) of an American public company?？

Can't。