Rakuten Securities withdrawal at a glance

Whether you are using an online broker for short-term trading or for longer-term investments, there will come a point when you may want to enjoy the fruits of your trading activity if you've been making profitable transactions, or you just need access to your funds for any reason. To do that, first you have to withdraw money from your broker account.

That doesn't sound very complicated, but brokers differ considerably in what withdrawal options they offer (such as bank transfer or credit/debit cards), as well as in the speed and convenience of withdrawal. And while withdrawal at many brokers is free in most cases, some brokers and some types of withdrawals may involve a fee.

So how does Rakuten Securities fare in this regard? Before we dive into the details, let us show you at a glance how you can withdraw money from Rakuten Securities and how Rakuten Securities's withdrawal fees and options compare to some of its close competitors.

Rakuten Securities withdrawal fees and options snapshot
Rakuten Securities Tickmill Oanda
Bank transfer Yes Yes Yes
Credit/debit card No Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee Free for AUD withdrawals in Australia, but all other bank withdrawal costs $25. 2% of transfer amount cost for Skrill and Neteller. Free withdrawal No fee for credit cards but bank transfer costs $20

How to withdraw money from Rakuten Securities
Rakuten Securities withdrawal options

Withdrawal via bank transfer is by far the most common option. It is available at basically all brokers, and Rakuten Securities is no exception.

You can also withdraw money to electronic wallets. This is a nice feature that isn't available at all brokers. At Rakuten Securities, you can withdraw money to the following electronic wallets: Neteller, Skrill, China Union Pay.

Speed also matters. Unlike some deposit options, withdrawal is rarely instant. It usually takes at least 1 business day, but often several business days for your money to arrive.

We tested withdrawal at Rakuten Securities and it took us more than 3 business days - a little bit on the slow side compared with most other brokers.

To withdraw money from Rakuten Securities, you need to go through the following steps:

  • Log in to your account
  • Select 'Withdrawal' or 'Withdraw funds' from the appropriate menu
  • Select the withdrawal method and/or the account to withdraw to (if more than one option is available)
  • Enter the amount to be withdrawn, and, if prompted, a short reason or description
  • Submit your request

Please note that you may only withdraw money to accounts that are in your name.

How to withdraw money from Rakuten Securities
Rakuten Securities withdrawal fees

While depositing money to a brokerage account is free in most cases, this is not necessarily always true for withdrawals. International bank transfers and wire transfers in particular can sometimes incur high fees, so always check carefully if this is something that would apply to your transactions.

Unfortunately, Rakuten Securities has no free withdrawal options. See the table below for details, and also how Rakuten Securities's fees compare with some of its immediate competitors.

Rakuten Securities withdrawal fees
Rakuten Securities Tickmill Oanda
Domestic bank withdrawal Free for bank withdrawal in Australia Free withdrawal First withdrawal is $20, additional withdrawals cost $35
International bank withdrawal $25 fee per withdrawal Free withdrawal First withdrawal is $20, additional withdrawals cost $35
Credit/Debit card withdrawal Free for credit/debit cards Free withdrawal Free for first credit and debit card withdrawal, $15 thereafter
Electronic wallets withdrawal 2% of transfer amount cost for Skrill and Neteller Free withdrawal PayPal is free for EUR, USD, and GBP currencies

How to withdraw money from Rakuten Securities
Bottom line

Rakuten Securities has multiple withdrawal options, though unfortunately none of them are free. This is a disadvantage, especially if you want to withdraw smaller amounts frequently.

To see how Rakuten Securities's withdrawal fees and options stack up against the rest of the brokerage market, check out our broker comparison tool.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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