Rakuten Commerce sees strong US buying and selling accounts

KUALA LUMPUR: Rakuten Commerce Sdn Bhd is seeing strong response with near RM40mil in buying and selling worth on the New York Inventory Change (NYSE) and the Nationwide Affiliation of Securities Sellers (NASDAQ), a month after launching its fairness buying and selling within the US.

“Greater than 16,000 US accounts have been activated with greater than 88% buying and selling first on Bursa Malaysia previous to buying and selling US shares.

This displays a rising acceptance by Malaysian buyers to have a balanced but diversified funding portfolio of shares not simply by sector however by market,” chief govt officer Kazumasa Mise stated in an announcement.

“The fairness buying and selling panorama is altering with a surge in retail buyers in recent times supported by digitalisation granting larger entry to overseas markets. Extra Malaysians with an inherent ability for self-directed buying and selling can take the subsequent step in direction of changing into ‘world buyers’ with out excessive transaction charges and obstacles that had been extra prevalent even 5 years in the past,” he added.

Rakuten Commerce’s US buying and selling account is obtainable by way of its money upfront account and affords buying and selling in each Malaysia and the US on the low brokerage of RM7 to RM100.

In response to the eager curiosity in US shares from its shoppers, Rakuten Commerce launched its RakuTrade & Win contest that can run from March 7 to Could 28 this 12 months.

It sees the digital dealer gifting away 50 US shares weekly consisting of well-known blue chips (Apple, Microsoft), know-how (Meta, NVIDIA, Paypal), in addition to client staples and discretionary sectors (Colgate, Ford Motors, Levi Strauss, Starbucks ).

“Every commerce efficiently carried out will carry them nearer to successful a US inventory,” it stated.

Rakuten Commerce stated individuals would even be within the operating to win within the grand finale the place a complete of 1,000 prizes await, of which 111 will comprise US shares from Alphabet, Tesla, Meta (Fb), Advance Micro Gadget and Vanguard S&P 500 ETF.

The marketing campaign is open to these with an activated overseas buying and selling service by way of the money upfront account.

As at Feb 28, Rakuten Commerce had activated greater than 240,000 buying and selling accounts and dealt with virtually RM100bil in complete mixed buying and selling worth in Malaysia and US since enterprise day one in 2017.


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