Rakuten Trade offers different ways to trade on Bursa Malaysia. You can apply for more than one account when you trade with us thereby allowing you to activate different trading strategies for different accounts. 

Cash Upfront Account

Cash Upfront trading operates like a debit card allows you to trade using only your available cash in the account. 

This means that your trades from this account are fully funded by the deposits you make into your cash upfront account while the remaining balance is placed in a Trust account held by Kenanga Investment Bank. We accept cash deposits into your account via Internet Banking.


Why Open A Cash Account?
  • Trade based on the available cash you have now.
  • Trade and pay brokerage rates from as low as RM7 to a maximum of RM100.
  • You will always know your actual cash/portfolio position.
  • Available cash balance will earn interest at 2.25% per annum.
SIGN UP NOWVIEW FEES

Contra Account

A Contra Account is like a charge card. This means that you are extended a spending limit based on the share(s) and cash placed as collateral and the shares you intend to buy but you are still required to fully settle your transaction(s) within three days. 

​​​​​​​At Rakuten Trade we try and do things differently and our contra trading platform is exactly that.


Why Open A Contra Account?
  • Trade up to 5x more than the money you have in your account.
  • Trade and pay brokerage rates that are the same as Cash Upfront Account.
  • Access to the Day Trade Rebate Program. 
  • Available cash balance will earn interest at 2.25% per annum.
  • Settlement of transaction (either earned or payment to cover loss) is only required 2 days after the transaction (T+2).
  • Don't miss another opportunity. Trade using your extended trading limit and settle it later.
SIGN UP NOWVIEW FEESDAY TRADE REBATE PROGRAM

*Please refer to the simulated trading limit calculation below

**Please refer to the FAQ section for Day Trade Rebate Program


Contra Trading - How It Works

Types of Collateral
Collateral
Cash
100%
Shares
Main Market (MM)*
80%
Ace Market (AM)*
50%
Warrant
0%

 

Example of Collateral
Cash/Shares Pledge Value (RM)
Collateral Value (RM)
Cash
10,000.00
10,000.00
Shares
MM
10,000.00
8,000.00
AM
10,000.00
5,000.00
Warrant
10,000.00
0.00
Total
RM 23,000.00

 

Collateral Value (RM)
Shares
Multiplier**
Maximum Trading Limit for shares Collateral Value × Multiplier
RM23,000.00
Stock A
x 5
RM 23,000 x 5 = RM 115,000.00
Stock B
x 3
RM 23,000 x 3 = RM 69,000.00
Warrant more or equal to 6 months to expiry
x 3
RM 23,000 x 3 = RM 69,000.00
Warrant less than 6 months but more than 1 month to expiry
x 1
RM 23,000 x 1 = RM 23,000.00
Warrant 1 month to expiry
x 0
RM 23,000 x 0 = RM 0.00

 

* MM & AM - holding stocks in contra account portfolio
** Multiplier - subject to the stock performance
*** Forced selling will be carried out on T+3.


Illustrations above serve as an example to explain the calculation for the mulitplier and haircut. Please refer to our latest multiplier and haircut share list. 

Be advised that the multiplier and haircut is subject to changes and is at the discretion of the Rakuten Trade management

Let's Get Started!

Don't worry, we will guide you every step of the way.
Open an account and work on building some capital!

Questions?

Our FAQ page be helpful to you, or you can contact us via phone, email, or online chat!