Low Brokerage From RM7 - RM100 On All Trades
All trades are placed in Ringgit Malaysia.
For U.S. trades, we automatically convert your funds, from MYR to USD. Based on the final MYR trading value, your brokerage is charged accordingly.
The exchange rate is updated at 6pm Malaysia time.
Trading Value (RM) | * MY & US Brokerage | |
|---|---|---|
Below | 999.99 | RM7 |
Between | 1,000.00 - 9,999.99 | RM9 |
Between | 10,000.00 - 99,999.99 | 0.1% of Trading Value |
Equal or Above | 100,000.00 | RM100 |
*Amalgamation applies only to successful MY orders. An additional RM30 will be charged on all assisted trades.
MY & US Trading Fees
Pay the same low brokerage rates, regardless which account is used, for trading Malaysia and the U.S.
In addition to brokerage, standard additional charges may apply.
Type of Fees | MY | U.S. | |
|---|---|---|---|
Clearing Fee | 0.03% up to a maximum of RM1,000.00 per contract | NIL | |
Regulatory Fees (On Sell Transactions) | NIL | SEC Fee (US): FINRA Fee (US): | |
Stamp Duty | Fee and maximum amount is depended on stock type Full list here | US Shares: MYR 1.50 for every MYR 1,000.00 contract value, maximum MYR 1000.00 US ETF: MYR 1.00 for every MYR 1,000.00 contract value, maximum MYR 200.00 | |
SST | NIL | NIL | |
Currency | MYR | MYR (To view our competitive foreign exchange rate, please refer to the order pad on the Web and iSPEED.my app screen) | |
Corporate Action | No handling fees | No handling fees | |
Account Opening Fee | FREE CDS account | FREE IBKR account | |
America Depository Receipt (ADR) Fee* | NIL | USD 0.01 - 0.03 / Share** ** Subject to announcement | |
*ADR fees are charged by the Depository Trust Company (DTC) for stocks of non-U.S. companies listed in the U.S. Clients who have not held any non-U.S. company's shares will not be charged ADR fees. For more information abount ADR, please check FAQ.
Day Trade Rebate Program Simulation
(Only For Contra Traders)
Contra traders get SELL brokerage rebates on matched trades for the same counter on the same day.
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.
Below are simulations that we hope will make it easier to explain.
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 |
Note:
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
|
Note:
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
|
Note:
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 average price.
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.
Other RakuMargin Trading Fees
Fee Type | Amount | How It's Calculated |
|---|---|---|
Interest on Outstanding Transactions | 6.8% per annum | Daily after T+2, at the end of each day The interest on outstanding balance will be realized at the end of the month. |
Rollover Fee | 0.5% | At a flat rate of 0.5% based on each principal BUY outstanding amount upon expiry of each rollover period Rollover period: 3 months For example: Outstanding purchase of RM10,000, the rollover fee will be RM50.00 |
