Rakuten Trade’s RakuMargin Platform Receives Growing Interest from Seasoned Investors.
Millennial Investor Wins Grand Prize Courtesy of ANA (All Nippon Airways)
KUALA LUMPUR, 9 July 2020: Early this year, Rakuten Trade Sdn Bhd (Rakuten Trade) launched the country’s first automated third-party margin facility – RakuMargin. It has since become increasingly appealing to more experienced traders as it requires zero face to face interaction
In less than four months, more than 2,000 RakuMargin accounts were activated contributing to more than RM100 million in trading value on Bursa Malaysia. About 53% of the total activated accounts were from existing clients affirming their continued confidence in a fully digital equity trading platform.
Mr Kazumasa Mise, acting CEO and Chief Marketing Officer of Rakuten Trade, said, “Rakuten Trade launched RakuMargin on 10 March and we were heartened by the high interest coming from experienced traders. In the first two weeks of the launch, more than 300 RakuMargin accounts were activated which recorded a subsequent trading value of almost RM2million.
“Technology is a necessary key driver for Rakuten Trade and the market as a whole. Being a FinTech company, the business has been able to grow at an unprecedented rate these last few months yet maintained its agility levels in handling the changing customer demands. More recently we accelerated a more aggressive system upgrade plan, ahead of schedule. This is to better cater to our fast-growing investor base that we anticipate will double in size in the next few years.
“By expanding our range, we continue to cater to an ever-widening segment of digital savvy investors who are keen to leverage their tech capabilities while benefitting from low brokerage fees and a seamless digital platform,” added Mr Mise.
In line with the launch of RakuMargin, Rakuten Trade collaborated with All Nippon Airways (ANA) on a ‘Trade RakuMargin, Fly ANA’ campaign which saw experienced trader, Mr Saw Leong Yih (39) emerging as the grand prize winner of two return trip tickets to Japan. “I’m a new client of Rakuten Trade but have been trading for more than 10 years. What I found appealing with the RakuMargin platform was its digitalized features and pre-approved facility limit of RM100,000. The RakuMargin platform, allows me to trade more efficiently and more importantly at a much lower cost.”
RakuMargin offers several first-in-market features making it the most innovative third-party margin financing platform to-date. It combines a completely online sign up process, digital signature capabilities with an automated facility limit approval of up to RM100,000 and Rakuten Trade’s signature low brokerage fees ranging from RM 7 to RM100.