Is Rakuten Securities really free?

Rakuten Securities does not provide access to real stock trading on US markets. If you are looking for a zero-commission broker to trade on US stock exchanges, you can check our article detailing the best apps offered in this category of brokers. If you wish to stick with Rakuten Securities though, then you will find the fees they charge below.

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Rakuten Securities fees
Overview of Rakuten Securities fees and charges

It's safe to say that Rakuten Securities's fees are low in general. They either don't charge a brokerage fee for things that other brokers do, or they only charge a small amount.

Here's a high-level overview of Rakuten Securities's fees

Rakuten Securities Fees snapshot
Assets Fee level Fee terms
US stock fee - Not available
EURUSD fee Low The fees are built into the spread, 0.5 pips is the average spread cost during peak trading hours.
US mutual fund fees - Not available
Inactivity fee Low No inactivity fee

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74-89% of retail CFD accounts lose money

Rakuten Securities fees
Rakuten Securities fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
    • A commission is either fixed or based on the traded volume.
    • A spread is the difference between the buy price and the sell price.
    • A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

We compare Rakuten Securities fees with its closest competitors, Tickmill and Oanda.

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74-89% of retail CFD accounts lose money

Rakuten Securities fees
Rakuten Securities trading fees

Rakuten Securities's trading fees are low, which makes it suitable for you even if you trade often (i.e. several times a week).

Let's break down trading fees according to the different asset classes available at Rakuten Securities.

Trading fees

Rakuten Securities's trading fees are low.

Forex fees

Rakuten Securities's forex fees are low.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
Rakuten Securities Tickmill Oanda
EURUSD benchmark fee $5.3 $6.7 $7.8
EURGBP benchmark fee $8.9 $7.9 $9.2

CFD fees

Rakuten Securities has low CFD trading fees.

CFD fees and commissions on a $2,000 trade
Rakuten Securities Tickmill Oanda
Apple CFD - - -
Vodafone CFD - - -
Germany - - -

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74-89% of retail CFD accounts lose money

Rakuten Securities fees
Rakuten Securities non-trading fees

Some of Rakuten Securities's non-trading fees are average.

Non-trading fees include various brokerage fees and charges at Rakuten Securities that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how Rakuten Securities stacks up in terms of non-trading fees
Rakuten Securities Tickmill Oanda
Withdrawal fee $25 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No No Yes
Account fee No No No

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74-89% of retail CFD accounts lose money

Rakuten Securities fees
Rakuten Securities deposit fee

Usually, brokers don't charge anything for deposits, and Rakuten Securities is no different.

Rakuten Securities deposit methods
Rakuten Securities Tickmill Oanda
Bank transfer Yes Yes Yes
Credit/debit card No Yes Yes
Electronic wallets Yes Yes Yes
Deposit fee $0 $0 $0

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74-89% of retail CFD accounts lose money

Rakuten Securities fees
Rakuten Securities withdrawal fee

Unfortunately, Rakuten Securities does charge a withdrawal fee of $25 for bank transfers. This means that you need to pay this amount when you transfer money from your brokerage account back to your bank account. Sometimes this is a flat fee, but a percentage charge may be applied in some cases. It's up to you to decide whether you can tolerate this, keeping in mind that flat fees can hurt more if you withdraw small amounts only.

Rakuten Securities withdrawal fees and options compared
Rakuten Securities Tickmill Oanda
Bank transfer Yes Yes Yes
Credit/debit card No Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee for bank transfer $25 $0 $0

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74-89% of retail CFD accounts lose money

Rakuten Securities fees
Rakuten Securities inactivity fee

Rakuten Securities does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).

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74-89% of retail CFD accounts lose money

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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