RAKUTEN Trade Sdn Bhd’s contribution to financial literacy relating to digital equities trading was recently recognised by the Securities Commission Malaysia (SC) at its annual investor education flagship event, InvestSmart Fest 2019 (ISF 2019).
Rakuten Trade was the recipient of the Digitalising Services for Retail Participation Award for its efforts in providing retail investors with an easy-to-use digital equities trading platform from account opening, execution, settlement of trade to research and trading ideas, as well as rewards and financial knowledge. The platform has spurred a keen interest among many first-time investors to start trading shares.
The only fully digital equities broker in Malaysia, Rakuten Trade was among three companies to receive accolades from the SC for their role in educating retail investors and enhancing investment growth.
Rakuten Trade MD Kaoru Arai said: “It is such an honour to be recognised by the SC for our efforts as a relatively young financial technology company. The award is a testament to the fact that younger Malaysian retail investors are open to digital equity trading that is simplified and convenient.”
Since its launch in 2017, Rakuten Trade has been disrupting the way investors buy and sell shares on Bursa Malaysia. To date, it has generated more than RM6 billion in trading value in Bursa Malaysia, activating more than 40,000 clients of which more than 70% have had less than three years trading experience. It also has an in-house research team that releases concise research reports daily to cater to its clients’ needs.
ISF 2019 was launched by Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail. Themed “Invest Smart-Bijak Labur”, ISF 2019 saw capital market institutions, associations, industry players and relevant agencies assemble at the Mid Valley Exhibition Centre from Oct 18 to Oct 20 to heighten awareness on investment opportunities available in the Malaysian capital market.