Contra Trading, the second product by Rakuten Trade Sdn Bhd will be out on Monday 4 June 2018. Account opening facilities for Contra trading will be available to early bird customers beginning Saturday, 2 June 2018. The Contra Trading facility will offer investors a trading limit of three or five times the value of cash and/or collateralised shares.
According to Rakuten Trade Managing Director, Mr Kaoru Arai, “Trading on the Malaysian equity market has never been more seamless and more efficient. In true Rakuten style, we are enhancing the trading experience for our investors by providing a platform that is different and more advantageous than what is currently being offered. Our Contra Trading complements the existing Cash Upfront facility as it gives additional leverage of up to 5 times to our clients, higher than what is currently offered, yet at low brokerage rates that are the lowest in town.”
The launch comes at an opportune time as Rakuten Trade, the country’s first completely digital equities broker, just turned one. The Rakuten Trade Contra Trading account offers share collateral value that differs depending on the type of collateral.
In line with the launch of its Contra Trading facility, Rakuten Trade also announced its Two Is Better Than One Campaign that offers cost efficiencies to investors. Clients who open both a Cash Upfront & Contra Trading account will receive a rebate of RM10. Upon successful execution of their first trade, clients will receive 2,000 Rakuten Trade points. Rakuten Trade is the result of a joint venture between Malaysia’s leading independent investment Bank , Kenanga Investment Bank Berhad and Rakuten Securities, Inc. in Japan, part of Rakuten Group, a global innovation leader headquartered in Tokyo. At Rakuten, they believe in empowering society, not just to provide convenience to its customers around the world with innovative services.
