Rakuten Securities Australia is a Forex & CFD broker, which is a subsidiary of the company Rakuten Inc.
They are officially owned by: Rakuten Securities Australia Pty Limited, and located at; Level 11, 8 Spring Street, Sydney, NSW 2000, Australia. Their phone number is: +61292472483, and customer support email address is: [email protected].
Official website is: https://sec.rakuten.com.au/.
Rakuten Securities Review
A review of the Forex broker Rakuten Securities, shows that they offering traders and investors the classic MetaTrader4 (MT4) trading platform.
There is available both the desktop standalone version, along with the web based and mobile versions. They offer hundreds of underlying assets for trading CFD’s including all the popular Major & Minor Forex Pairs, Market Indexes, Individuals Shares, and Commodities like Brent, Crude Oil, Platinum, Coffee and Sugar. Bitcoin CFD trading is available, with spreads of $110.
Leverage on all Forex pairs is now set at 30:1, and goes up to 100:1 for Pro accounts, and as high as 400:1 for Pro VIP accounts. Their spreads on the EUR/USD is 0.05 and on the AUD/USD it is 0.5 pips. (Trading on leverage is very risky, and new traders should make sure they fully understand the risks associated with using margin.)
There are 2 types of trading accounts offered, each with different benefits, and the smallest account starts at $50. Accounts can be denominated in either AUD, USD or GBP.
Rakuten Securities Australia License
The way the Scam Broker Investigator reviews new Forex brokers to determine if they are scams or legit, we look for a valid ASIC brokers license. The main reason investors always use an authorised and licensed broker is to be sure that your funds are kept safe in segregated accounts.
Rakuten Securities Australia Pty Limited (ACN 153 803 804) (Rakuten Securities Australia) is an authorised provider of over-the-counter derivatives. Rakuten Securities Australia holds AFSL number 418036.
Compare The Best Brokers
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We ask current RSA clients to please share your experience with this broker, in the comments section below.