Rakuten posts near RM5b in trading value

by MARK RAO / pic by MUHD AMIN NAHARUL

Rakuten Trade Sdn Bhd generated close to RM5 billion in trading value and activated over 32,500 accounts since its inception two years ago.

The digital equity broker registered a 170% increase in accounts from the 12,000 accounts registered last year, while trading value on Bursa Malaysia via the platform rose 400% from RM1 billion over the same period.

Rakuten Trade is positive of its growth prospects as it enters the third year since it first started operations back in May 2017.

MD Kaoru Arai said the broker appeals to the growing segment of digitally savvy investors and its financial technology-model enables it to maintain the lowest brokerage fees in Malaysia.

“Our success can also be attributed to nimbly developing new products and price sensitive services that cater to the ever-changing needs of this new segment of customers,” he said in a statement on Tuesday.

To date, Rakuten Trade published over 50 investment ideas on top of close to 100 company updates.