Level Up With
​​​​​​​Day Trade Brokerage Rebates

Exclusive For Contra Account holders

It's the only trading account that offers a brokerage rebate on matched trades for the same counter on the same day. 

Our Day Trade Rebate Program is a great opportunity to get more out of your Contra Account / Day trades. That's right... the more you trade, the less you pay*.

If you BUY and SELL the same counter on the same day via your Contra Account, we will rebate* back your sell brokerage fees at the end of the trading day. And remember... our brokerage fees remain the same as Cash Upfront trades (RM7 to a maximum of RM100).
T&C apply.

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*Day Trade Rebate is determined by the SELL trading value (quantity x SELL price) based on Rakuten Trade's brokerage fees.
​​​​​​​*Please refer to the simulated brokerage rebate calculation below. Illustrations serve as an example of the calculation only.​​​​​​​​​​​​​​

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A Simulation of How We 
​​​​​​​Calculate the Brokerage Rebate

Note: Participation is automatic. Day traders are not eligible to earn Rakuten Trade points or to utilise our “Assisted Trading” service. The rebate amount will be credited into your account at the end of the trading day. A 6% Service Tax (“ST”) will be imposed on all BUY and SELL brokerage fees even the ones rebated back to you. 


Scenario

Trading Activity

Shares    

Number of Shares

Price

Trading Value per Transaction / per Stock

Contra Brokerage Rates

1

BUY @ 9:00AM

Stock A

500

RM1.00

RM500.00

RM7.00


SELL @ 3:00PM

Stock A

500

RM1.50

RM750.00

RM7.00

End of the day after 6:00PM


REBATE

Stock A

500

RM1.50

RM750.00

​​​​​​​RM7.00

1. Day Trade Rebate will not be affected by the sequence of the Buy or Sell order(s).
2. Day Trade Rebate will be capped at the Buy/Sell quantity (whichever is lower) and will be based on the sell price.

Scenario

Trading Activity

Shares  

Number   of Shares

Price

Trading  Value per Transaction / per Stock

Contra Brokerage Rates

2

SELL@ 9:00AM

Stock A

500

RM1.50

RM750.00

RM7.00

BUY@ 3:00PM

Stock A

500

RM1.00

RM500.00

RM7.00

End of the day after 6:00PM

REBATE

Stock A

500

RM1.50

RM750.00

RM7.00

1. Day Trade Rebate will not be affected by the sequence of the Buy or Sell order(s).
2. Day Trade Rebate will be capped at the Buy/Sell quantity (whichever is lower) and will be based on the sell price.

Scenario

Trading Activity

Shares  

Number   of Shares

Price

Trading  Value per Transaction / per Stock

Contra Brokerage Rates

3

SELL@ 9:00AM

Stock A

1,000

RM1.50

RM1,500.00

RM9.00

BUY@ 3:00PM

Stock A

500

RM1.00

RM500.00

RM7.00

End of the day after 6:00PM

REBATE

Stock A

500

RM1.50

RM750.00

RM7.00

1. Day Trade Rebate will not be affected by the sequence of the Buy or Sell order(s).
2. Day Trade Rebate will be capped at the Buy/Sell quantity (whichever is lower) and will be based on the sell price.
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