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74-89% of retail CFD accounts lose money
Our top picks for Rakuten Securities alternatives
IC Markets
4.4
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74-89% of retail CFD accounts lose money
Pepperstone
4.4
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71.4% of retail CFD accounts lose money
Rakuten Securities Alternatives

The best alternatives to Rakuten Securities are

  1. IC Markets - Australian forex broker
  2. Pepperstone - Australian forex broker
  3. FXCM - UK-based forex broker
  4. Oanda - US forex broker

Let's see in a bit more detail how the Rakuten Securities alternatives compare to Rakuten Securities and each other:

Rakuten Securities alternatives comparison
Rakuten Securities IC Markets Pepperstone FXCM Oanda
Overall score 3.6 4.4 4.4 4.2 4.6
Fees score 4.0 4.0 4.0 4.0 4.0
Account opening score 5.0 5.0 5.0 4.0 4.0
Deposit and withdrawal score 3.0 5.0 5.0 4.0 4.0
Web platform score - 3.0 3.0 3.0 5.0
Markets and products score 1.0 2.0 2.0 1.0 2.0
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74-89% of retail CFD accounts lose money
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74-89% of retail CFD accounts lose money
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71.4% of retail CFD accounts lose money
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70.96% of retail CFD accounts lose money
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73.5% of retail CFD accounts lose money

Why are these brokers considered good alternatives to Rakuten Securities? There are many areas based on which Rakuten Securities can be compared with others. When we say a given online broker is a good alternative to Rakuten Securities we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

Rakuten Securities alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • Rakuten Securities is recommended for forex traders looking for low fees and for those who prefer the metatrader 4 trading platform
  • IC Markets is recommended for forex traders who value easy account opening and free deposit/withdrawal options
  • Pepperstone is recommended for forex traders looking for low fees and good customer service
  • FXCM is recommended for forex traders looking for easy account opening, funding, and withdrawal
  • Oanda is recommended for forex traders who value a user-friendly platform and great research tools

Important factors of finding Rakuten Securities alternatives

So far Brokerchooser has reviewed 57 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether Rakuten Securities or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Rakuten Securities is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Rakuten Securities alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Rakuten Securities this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at Rakuten Securities, some alternatives might allow you to do that.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Rakuten Securities alternative is a must.


Now let's dive into the details of how Rakuten Securities and its alternatives perform in the most important areas!

Rakuten Securities alternatives
Rakuten Securities

Rakuten Securities was founded in 1999 and it is an Australia-based forex and CFD broker.

Rakuten Securities is considered safe because it is regulated by the top-tier Australian Securities and Investments Commission (ASIC) has a long track record and has a strong parent company.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders looking for low fees and for those who prefer the metatrader 4 trading platform

Pros Cons
Low fees Limited product portfolio
Easy and fast account opening Missing web trading platform
Good mobile trading platform Poor customer service

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74-89% of retail CFD accounts lose money

Fees
4.0

Rakuten Securities has low CFD and forex trading fees. Non-trading fees are average, while a withdrawal fee is charged on international bank transfers and electronic wallets.
Pros Cons
Low trading fees High withdrawal fee for international bank transfers and electronic wallets
Low forex fees
No inactivity fee
Rakuten Securities alternatives trading fees
Rakuten Securities IC Markets Pepperstone FXCM Oanda
EURUSD benchmark fee $17.5 $15.8 $14.9 $16.7 $15.9
EURGBP benchmark fee $8.4 $9.9 $10.6 $12.2 $10.7

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

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74-89% of retail CFD accounts lose money

Account opening
5.0

The account opening at Rakuten Securities is user-friendly and fully digital. It is also very fast, it took only 1 day until our account was approved.
Pros Cons
Fast None
Fully digital
Low minimum deposit
Rakuten Securities alternatives minimum deposit and account open times
Rakuten Securities IC Markets Pepperstone FXCM Oanda
Minimum deposit $50 $200 $0 $50 $0
Time to open account 1 day 1 day 1 day 1-3 days 1-3 days

Learn more about Rakuten Securities minimum deposit here.

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74-89% of retail CFD accounts lose money

Deposit and withdrawal
3.0

Rakuten Securities charges no fees for deposit and the process is user-friendly, even electronic wallets are available. On the negative side, credit/debit cards are not accepted, the withdrawal is slow and can be expensive.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly High withdrawal fee
Slow withdrawal - over 3 days
Rakuten Securities and alternatives withdrawal options and fees
Rakuten Securities IC Markets Pepperstone FXCM Oanda
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No Yes Yes Yes Yes
Electronic wallets Yes Yes Yes Yes Yes
Withdrawal fee $25 $0 $0 $0 $0

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74-89% of retail CFD accounts lose money

Web trading platform

Rakuten Securities doesn't offer a web trading platform, only mobile and desktop trading platforms are provided. Not providing a web trading platform is quite unusual among online brokers.
Rakuten Securities and alternatives trading platform scores
Rakuten Securities IC Markets Pepperstone FXCM Oanda
Web platform score - 3.0 3.0 3.0 5.0
Mobile platform score 4.0 4.0 4.0 1.0 5.0
Desktop platform score 3.0 3.0 3.0 3.0 4.0

Learn more about Rakuten Securities's web trading platform in the detailed Rakuten Securities review.

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74-89% of retail CFD accounts lose money

Markets and products
1.0

At Rakuten Securities you will only have access to some forex pairs and CFDs. It lacks a lot of popular asset classes, like stocks, ETFs, funds, etc.
Rakuten Securities and alternatives markets and products
Rakuten Securities IC Markets Pepperstone FXCM Oanda
Stock No No No No No
ETF No No No No No
Forex Yes Yes Yes Yes Yes
Fund No No No No No
Bond No No No No No
Options No No No No No
Futures No No No No No
CFD Yes Yes Yes Yes Yes
Crypto No Yes Yes Yes No

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74-89% of retail CFD accounts lose money

Verdict

Rakuten Securities has low fees are and the account opening is fast and easy. The mobile platform is user-friendly and well-designed.

On the other hand, Rakuten Securities offers only forex and some CFDs. The customer service is poor and we also missed the web trading platform.

Feel free to try Rakuten Securities as you will have an account within a day and there is no inactivity fee. 

Rakuten Securities
Summary Rakuten Securities is a forex and CFD broker regulated by Australia's ASIC. Its parent company, Rakuten is listed on the Tokyo Stock Exchange.
Fees score 4.0
Recommended for Forex traders looking for low fees and for those who prefer the MetaTrader 4 trading platform

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74-89% of retail CFD accounts lose money

Rakuten Securities alternatives
IC Markets

IC Markets is an Australian forex broker that was founded in 2007. The company is considered safe because it is regulated by the top-tier Australian Securities and Investments Commission (ASIC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders who value easy account opening and free deposit/withdrawal options

Pros Cons
Low forex fees No investor protection
Easy and fast account opening No negative balance protection
Free deposit and withdrawal Only forex, CFD and crypto trading

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74-89% of retail CFD accounts lose money

Fees
4.0

IC Markets has low trading and non-trading fees. There is no inactivity or withdrawal fee. On the negative side, financing rates for CFDs are high.
Pros Cons
Low trading fees High financing rate for CFDs
Low non-trading fees
Low forex fees
Rakuten Securities vs. IC Markets: Trading fees
IC Markets Rakuten Securities
EURUSD benchmark fee $15.8 $17.5
EURGBP benchmark fee $9.9 $8.4

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

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74-89% of retail CFD accounts lose money

Account opening
5.0

The account opening process at IC Markets is user-friendly and fully digital. It was also very quick, as our account was approved within a day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
Rakuten Securities vs. IC Markets: Minimum deposit, time to open an account
IC Markets Rakuten Securities
Minimum deposit $200 $50
Time to open account 1 day 1 day

If you are interested more in IC Markets minimum deposit, this overview will help you.

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74-89% of retail CFD accounts lose money

Deposit and withdrawal
5.0

IC Markets's depositing and withdrawal services are great. There are no fees for either and many options are available for moving your money in and out.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
Rakuten Securities vs. IC Markets: Withdrawal options
IC Markets Rakuten Securities
Bank Transfer Yes Yes
Credit/Debit card Yes No
Electronic wallets Yes Yes
Withdrawal fee $0 $25

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74-89% of retail CFD accounts lose money

Web trading platform
3.0

The web trading platform of IC Markets is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the other hand, it lacks a two-step login and price alerts, and the design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
Web trading platform of IC Markets, a Rakuten Securities alternative
Rakuten Securities vs. IC Markets: Trading platform scores
IC Markets Rakuten Securities
Web platform score 3.0 -
Mobile platform score 4.0 4.0
Desktop platform score 3.0 3.0

Learn more about IC Markets's web trading platform in the detailed IC Markets review.

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74-89% of retail CFD accounts lose money

Markets and products
2.0

At IC Markets, you can trade only with forex, some CFDs, and crypto products, no other assets are available.
Rakuten Securities vs. IC Markets: Markets and products
IC Markets Rakuten Securities
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes No

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74-89% of retail CFD accounts lose money

Verdict

IC Markets is a great forex and CFD broker. 

Its forex fees are low and account opening is fast and easy. Deposits and withdrawals are free and user-friendly. The education section of its website is also a plus.

On the other hand, IC Markets offers only forex, CFD and crypto trading. It also does not provide any investor or negative balance protection.

Feel free to try IC Markets, as you will have an account within a day and there is no inactivity fee.

IC Markets
Summary IC Markets is a global forex and CFD broker.
Fees score 4.0
Recommended for Forex traders who value easy account opening and free deposit/withdrawal options

Visit broker More
74-89% of retail CFD accounts lose money

Rakuten Securities alternatives
Pepperstone

Pepperstone is an Australian forex broker that also offers some CFDs. It was established in 2010 and opened a London office in 2015 to be able to better serve its European clients.

Pepperstone is considered safe since it's regulated by two top-tier financial authorities, the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders looking for low fees and good customer service

Pros Cons
Low forex and equity index CFD fees Only forex, CFDs, and crypto
Great customer service Basic news flow, no fundamental data
Seamless and free deposit and withdrawal No investor protection for non-EU clients

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71.4% of retail CFD accounts lose money

Fees
4.0

Pepperstone has low forex and equity index fees. Non-trading fees are low as well, as no inactivity or account fee is charged. On the negative side, CFD financing rates, i.e. fees for holding CFD positions overnight, are high.
Pros Cons
Low trading fees High financing rate for CFDs
Low non-trading fees
Low forex fees
Rakuten Securities vs. Pepperstone: Trading fees
Pepperstone Rakuten Securities
EURUSD benchmark fee $14.9 $17.5
EURGBP benchmark fee $10.6 $8.4

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

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71.4% of retail CFD accounts lose money

Account opening
5.0

Pepperstone's account opening is great. It is fully digital, user-friendly, and requires no minimum deposit for the Standard account.
Pros Cons
Fast None
Fully digital
No minimum deposit
Rakuten Securities vs. Pepperstone: Minimum deposit, time to open an account
Pepperstone Rakuten Securities
Minimum deposit $0 $50
Time to open account 1 day 1 day

If you are interested more in Pepperstone minimum deposit, this overview will help you.

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71.4% of retail CFD accounts lose money

Deposit and withdrawal
5.0

Pepperstone provides plenty of options for deposit and withdrawal, as well as a wide selection of account base currencies. However, there is a high, $20 fee for bank withdrawals for clients outside the EU and Australia.
Pros Cons
Credit/Debit card available High bank withdrawal fee for clients outside the EU/Australia
No deposit fee
Several account base currencies
Rakuten Securities vs. Pepperstone: Withdrawal options
Pepperstone Rakuten Securities
Bank Transfer Yes Yes
Credit/Debit card Yes No
Electronic wallets Yes Yes
Withdrawal fee $0 $25

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71.4% of retail CFD accounts lose money

Web trading platform
3.0

Pepperstone's web trading platform is provided by MetaTrader. It is highly customizable, available in many languages, and has a clear fee report. On the other hand, it lacks two-step login and price alerts, and its design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation
Web trading platform of Pepperstone, a Rakuten Securities alternative
Rakuten Securities vs. Pepperstone: Trading platform scores
Pepperstone Rakuten Securities
Web platform score 3.0 -
Mobile platform score 4.0 4.0
Desktop platform score 3.0 3.0

Learn more about Pepperstone's web trading platform in the detailed Pepperstone review.

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71.4% of retail CFD accounts lose money

Markets and products
2.0

At Pepperstone you can only trade with forex, some CFDs, and cryptos.
Rakuten Securities vs. Pepperstone: Markets and products
Pepperstone Rakuten Securities
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes No

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71.4% of retail CFD accounts lose money

Verdict

Pepperstone is a great forex broker, regulated by the top-tier FCA and ASIC.

Forex and equity index fees are low. Customer service is great, giving you relevant answers within a short time. Deposit and withdrawal are a breeze, with no fees charged.

On the other hand, Pepperstone provides only forex, CFDs and cryptos to trade with. There are no fundamental research tools, and the quality of news feeds is poor. Lastly, there is no investor protection for non-EU clients.

Feel free to try Pepperstone since there is no inactivity fee or minimum deposit for standard accounts.

Pepperstone
Summary Pepperstone is a forex and CFD broker regulated by both the UK FCA and the ASIC in Australia.
Fees score 4.0
Recommended for Forex traders looking for low fees and good customer service

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71.4% of retail CFD accounts lose money

Rakuten Securities alternatives
FXCM

FXCM, or Forex Capital Market, is a UK-based broker offering forex and CFDs. FXCM was established in 1999 and its main shareholder is the Jefferies Financial Group. The parent company is listed on the New York Stock Exchange and it has an investment banking background.

FXCM is considered safe as it has a long track-record and it is regulated by top-tier financial authorities like the UK FCA and the Australian ASIC.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders looking for easy account opening, funding, and withdrawal

Pros Cons
Fast and straightforward account opening Limited product portfolio
Good technical research tools Poor mobile platform
High quality educational content Poor website trading platform

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70.96% of retail CFD accounts lose money

Fees
4.0

FXCM has low trading fees and average non-trading fees. There are no account, deposit, or withdrawal fees. However, you have to pay a $50 fee after one year of inactivity.
Pros Cons
Low trading fees High AUDUSD trading fee
No withdrawal fee
Rakuten Securities vs. FXCM: Trading fees
FXCM Rakuten Securities
EURUSD benchmark fee $16.7 $17.5
EURGBP benchmark fee $12.2 $8.4

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

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70.96% of retail CFD accounts lose money

Account opening
4.0

The account opening process at FXCM is hassle-free, and there is no minimum balance requirement. The minimum deposit is $50. On the other hand, the account opening time is slower than usual.
Pros Cons
Fully digital Account opening time slower than at most forex brokers
Low minimum deposit
User-friendly
Rakuten Securities vs. FXCM: Minimum deposit, time to open an account
FXCM Rakuten Securities
Minimum deposit $50 $50
Time to open account 1-3 days 1 day

If you are interested more in FXCM minimum deposit, this overview will help you.

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70.96% of retail CFD accounts lose money

Deposit and withdrawal
4.0

There are several options both for deposit and withdrawal but the withdrawal time is slow.
Pros Cons
Credit/Debit card available Slow withdrawal - over 3 days
Free withdrawal
No deposit fee
Rakuten Securities vs. FXCM: Withdrawal options
FXCM Rakuten Securities
Bank Transfer Yes Yes
Credit/Debit card Yes No
Electronic wallets Yes Yes
Withdrawal fee $0 $25

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70.96% of retail CFD accounts lose money

Web trading platform
3.0

FXCM's trading platform is extremely customizable and you can use lots of order types. On the other hand, it's not user-friendly and it has a poor search function.
Pros Cons
Clear fee report Not user-friendly
Good customizability (for charts, workspace) No two-step (safer) login
Good variety of order types Poor search function
Web trading platform of FXCM, a Rakuten Securities alternative
Rakuten Securities vs. FXCM: Trading platform scores
FXCM Rakuten Securities
Web platform score 3.0 -
Mobile platform score 1.0 4.0
Desktop platform score 3.0 3.0

Learn more about FXCM's web trading platform in the detailed FXCM review.

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70.96% of retail CFD accounts lose money

Markets and products
1.0

At FXCM you only have access to forex and CFDs. Cryptos are provided through CFDs.
Rakuten Securities vs. FXCM: Markets and products
FXCM Rakuten Securities
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes No

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70.96% of retail CFD accounts lose money

Verdict

FXCM has low trading fees, its technical research tools are of high quality and well organized, and the account opening is fast and straightforward.

However, FXCM only offers forex, CFDs and crypto CFDs. Their mobile and desktop trading platforms need an update, as they are not user-friendly.

Feel free to try FXCM. There is no minimum deposit, and the inactivity fee only kicks in after a year.

FXCM
Summary FXCM is a UK-based broker offering forex and CFD trading. It is regulated by the FCA and Australia's ASIC.
Fees score 4.0
Recommended for Forex traders looking for easy account opening, funding, and withdrawal

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70.96% of retail CFD accounts lose money

Rakuten Securities alternatives
Oanda

Oanda is an American forex broker founded in 1996.

It is considered safe because it has a long track record, discloses its financials, and is regulated by top-tier authorities, such as the US Retail Foreign Exchange Dealer (RFED) and the UK's Financial Conduct Authority (FCA).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders who value a user-friendly platform and great research tools

Pros Cons
Generally low fees Only FX and some CFDs
Easy-to-use web trading platform Poor customer service
Easy and digital account opening High bank withdrawal fee

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73.5% of retail CFD accounts lose money

Fees
4.0

Oanda charges low CFD and low forex fees. Non-trading fees are low, though the withdrawal fee is quite high for bank transfers.
Pros Cons
Low trading fees High withdrawal fee for bank transfers
Low forex fees
No withdrawal fee
No withdrawal fee in most cases
Rakuten Securities vs. Oanda: Trading fees
Oanda Rakuten Securities
EURUSD benchmark fee $15.9 $17.5
EURGBP benchmark fee $10.7 $8.4

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Visit broker More
73.5% of retail CFD accounts lose money

Account opening
4.0

Oanda's account opening is straightforward, with no required minimum balance.
Pros Cons
Fully digital Issues with ID verification can slow account opening
No minimum deposit
Low minimum deposit
Rakuten Securities vs. Oanda: Minimum deposit, time to open an account
Oanda Rakuten Securities
Minimum deposit $0 $50
Time to open account 1-3 days 1 day

If you are interested more in Oanda minimum deposit, this overview will help you.

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73.5% of retail CFD accounts lose money

Deposit and withdrawal
4.0

There is no deposit fee and you can conveniently use your debit card for deposit. While withdrawal is free in most cases, it is expensive for bank transfers, and it involves a fee if you withdraw to your card more than once a month.
Pros Cons
Credit/Debit card available High withdrawal fee for bank transfers
No deposit fee
Withdrawal is free for PayPal and for the first debit card transaction each month
Rakuten Securities vs. Oanda: Withdrawal options
Oanda Rakuten Securities
Bank Transfer Yes Yes
Credit/Debit card Yes No
Electronic wallets Yes Yes
Withdrawal fee $0 $25

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73.5% of retail CFD accounts lose money

Web trading platform
5.0

Oanda's web trading platform is user-friendly and safe with good customizability. On the downside, you can't set price alerts.
Pros Cons
User-friendly No price alerts
Clear fee report
Two-step (safer) login
Web trading platform of Oanda, a Rakuten Securities alternative
Rakuten Securities vs. Oanda: Trading platform scores
Oanda Rakuten Securities
Web platform score 5.0 -
Mobile platform score 5.0 4.0
Desktop platform score 4.0 3.0

Learn more about Oanda's web trading platform in the detailed Oanda review.

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73.5% of retail CFD accounts lose money

Markets and products
2.0

At Oanda you can trade only forex and CFDs. It offers fewer forex pairs but more CFDs than its closest competitors.
Rakuten Securities vs. Oanda: Markets and products
Oanda Rakuten Securities
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto No No

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73.5% of retail CFD accounts lose money

Verdict

Oanda is a good forex broker: its fees are great, and it has a good web trading platform where you will quickly feel comfortable. It provides a user-friendly and fully digital account opening process, as well as powerful research tools, especially API.

On the other hand, Oanda has a limited product portfolio, as only forex and CFDs are available. Customer support is slow, and bank withdrawal fees can be high.

Feel free to try Oanda: it is regulated by top-tier regulators, there is no minimum deposit, and the inactivity fee only kicks in after two years.

Oanda
Summary Oanda is a US forex broker. It is regulated by top-tier authorities like the UK FCA and Australia's ASIC.
Fees score 4.0
Recommended for Forex traders who value a user-friendly platform and great research tools

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73.5% of retail CFD accounts lose money

Rakuten Securities alternatives
Bottom line

Based on our analysis, there are several good alternatives to Rakuten Securities. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Rakuten Securities alternatives
Broker Info Recommended for
Rakuten Securities Australia-based forex and CFD broker Forex traders looking for low fees and for those who prefer the MetaTrader 4 trading platform
IC Markets Australian forex broker Forex traders who value easy account opening and free deposit/withdrawal options
Pepperstone Australian forex broker Forex traders looking for low fees and good customer service
FXCM UK-based forex broker Forex traders looking for easy account opening, funding, and withdrawal
Oanda US forex broker Forex traders who value a user-friendly platform and great research tools

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Gergely Korpos

Gergely Korpos

Co-founder, CPO

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.

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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