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Our top alternative brokers to Rakuten Securities
Oanda
4.6
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74-89% of retail CFD accounts lose money
Tickmill
4.5
Visit broker
71% of retail CFD accounts lose money
Our top alternative brokers to Rakuten Securities
Oanda
4.6
Visit broker
74-89% of retail CFD accounts lose money
Tickmill
4.5
Visit broker
71% of retail CFD accounts lose money
Rakuten Securities Alternatives

The best alternatives to Rakuten Securities are

  1. Tickmill - Global forex broker
  2. Oanda - US forex broker
  3. TMGM - Global forex broker
  4. Eightcap - Global 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 Tickmill Oanda TMGM Eightcap
Overall score 4.3 4.5 4.6 4.4 4.3
Fees score 4.6 stars 4.5 stars 4.2 stars 4.6 stars 4.5 stars
Account opening score 5.0 stars 5.0 stars 4.2 stars 5.0 stars 5.0 stars
Deposit and withdrawal score 3.1 stars 4.5 stars 4.2 stars 4.3 stars 4.5 stars
Web platform score - 2.8 stars 4.5 stars 2.8 stars 3.1 stars
Markets and products score 1.4 stars 1.7 stars 1.8 stars 2.2 stars 1.8 stars
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71% of retail CFD accounts lose money
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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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74-89% 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 those who prefer the metatrader 4 trading platform
  • Tickmill is recommended for forex traders looking for low fees who are familiar with the metatrader 4 platform
  • Oanda is recommended for forex traders who value a user-friendly platform and great research tools
  • TMGM is recommended for forex traders who prefer the metatrader platform
  • Eightcap is recommended for forex traders who prefer the metatrader platform

Important factors of finding Rakuten Securities alternatives

So far BrokerChooser has reviewed 98 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
Tickmill

Tickmill is a global forex and CFD broker, established in 2014. The company is regulated by several financial authorities globally, including the top-tier Financial Conduct Authority (FCA) in the UK; and as such is considered a safe broker.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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 who are familiar with the metatrader 4 platform

Pros Cons
Low forex fees Only forex and CFDs
Fast and easy account opening Outdated platform design and functions
Free deposit and withdrawal Basic news feed

Visit broker
71% of retail CFD accounts lose money

Fees
4.5

Tickmill has low forex fees and average CFD fees. There is no fee for deposit, withdrawal or inactivity.
Pros Cons
Low forex fees Average CFD fees
No withdrawal fee
No inactivity fee
Rakuten Securities vs. Tickmill: Trading fees
Tickmill Rakuten Securities
EURUSD benchmark fee $5.2 $1.8
EURGBP benchmark fee $6.5 $4.2

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

Visit broker More
71% of retail CFD accounts lose money

Account opening
5.0

Tickmill has a fast and easy account opening process with quick verification. The minimum deposit is low at just $100.
Pros Cons
Fast None
Fully digital
Low minimum deposit
Rakuten Securities vs. Tickmill: Minimum deposit, time to open an account
Tickmill Rakuten Securities
Minimum deposit $100 $50
Time to open account 1 day 1 day

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

Visit broker More
71% of retail CFD accounts lose money

Deposit and withdrawal
4.5

Deposit and withdrawal are fast and free of charge, and can be done via bank transfer, credit/debit cards and e-wallets; though only a few account base currencies are available.
Pros Cons
Free withdrawal Few account base currencies
No deposit fee
Rakuten Securities vs. Tickmill: Withdrawal options
Tickmill Rakuten Securities
Bank transfer Yes Yes
Credit/debit card Yes No
Electronic wallets Yes Yes
Withdrawal fee $0 $25

Visit broker More
71% of retail CFD accounts lose money

Web trading platform
2.8

Tickmill's web trading platform is provided by MetaTrader. It is highly customizable and has a clear fee report. However, the platform lacks 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 Poor design
Web trading platform of Tickmill, a Rakuten Securities alternative
Rakuten Securities vs. Tickmill: Trading platform scores
Tickmill Rakuten Securities
Web platform score 2.8 stars -
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars

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

Visit broker
71% of retail CFD accounts lose money

Markets and products
1.7

You can trade only CFDs on forex, stock indices, commodities and German government bonds. Popular asset classes such as stocks, ETFs, bonds, funds or options are missing.
Rakuten Securities vs. Tickmill: Markets and products
Tickmill Rakuten Securities
Stocks No No
ETFs No No
Forex Yes Yes
Funds No No
Bonds No No
Options No No
Futures No No
CFDs Yes Yes
Crypto Yes Yes

Visit broker More
71% of retail CFD accounts lose money

Verdict

Tickmill is a low-cost forex and CFD broker, regulated by several authorities globally including the top-tier UK FCA.

On the plus side, we liked Tickmill's low forex fees. Account opening is seamless and there are many free deposit/withdrawal options.

Tickmill has some drawbacks though. Its product range is limited to forex and CFDs on some stock indexes, commodities and cryptos. The trading platforms have an outdated design, and the quality of some research tools is uneven.

We recommend Tickmill for those who are interested in CFD and forex trading and are familiar with the MetaTrader trading platforms. Feel free to test it via the demo account.

Tickmill
Summary Tickmill is a low-cost forex and CFD broker. It is regulated by several financial authorities, including the top-tier FCA.
Fees score 4.5 stars
Recommended for Forex traders looking for low fees who are familiar with the MetaTrader 4 platform

Visit broker More
71% of retail CFD accounts lose money

Rakuten Securities alternatives
Oanda

Oanda is a US-based forex broker founded in 1996. It is still a private company and therefore not listed on any stock exchange.

Oanda operates via several entities worldwide and is regulated by top-tier authorities, such as the US Commodity Trading Futures Commission, the National Futures Association (CFTC) 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. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The services offered by Oanda's various entities differ slightly. In this review, we mainly focus on the UK one.

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

Pros Cons
Great trading platforms Only FX and CFD available
Outstanding research tools No stock exchange listing and banking background
Fast and user-friendly account opening Customer support is not 24/7

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

Fees
4.2

Oanda has low forex fees but average CFD fees. Withdrawal fees are low but not in all cases, while there's also a small inactivity fee.
Pros Cons
Low forex fees Average CFD fees
First card withdrawal each month is free
Rakuten Securities vs. Oanda: Trading fees
Oanda Rakuten Securities
EURUSD benchmark fee $7.9 $1.8
EURGBP benchmark fee $9.0 $4.2

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

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

Account opening
4.2

Oanda's account opening is straightforward, and no initial minimum deposit is required.
Pros Cons
Fully digital None
No 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.

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

Deposit and withdrawal
4.2

Oanda charges no deposit and account fees. You can withdraw your money free of charge to a debit/credit card, but bank transfer withdrawals are quite costly.
Pros Cons
Credit/Debit card available High withdrawal fee for bank transfers
Free withdrawal
No deposit fee
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

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

Web trading platform
4.5

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 4.5 stars -
Mobile platform score 5.0 stars 3.8 stars
Desktop platform score 4.5 stars 3.4 stars

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

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

Markets and products
1.8

At Oanda, you can trade only forex and CFDs. A decent offer of forex, commodity, stock index and bond CFDs is offset by the complete absence of stock CFDs.
Rakuten Securities vs. Oanda: Markets and products
Oanda Rakuten Securities
Stocks No No
ETFs No No
Forex Yes Yes
Funds No No
Bonds No No
Options No No
Futures No No
CFDs Yes Yes
Crypto Yes Yes

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

Verdict

Oanda is a great forex broker. It has user-friendly trading platforms that you will quickly learn to use confidently. It also provides powerful research tools, especially trading APIs. The account opening process is easy and quick.

Among some negatives, Oanda's product selection is limited to forex and CFD products. It doesn't have a banking background and is not listed on any stock exchange, two typical factors that enhance transparency and regulatory scrutiny. Customer support, while helpful, is only available 24/5.

With all that in mind, 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 one year.

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 4.2 stars
Recommended for Forex traders who value a user-friendly platform and great research tools

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

Rakuten Securities alternatives
TMGM

TMGM, or Trademax Global Markets, is an Australia-based global forex broker founded in 2013. The company has several branches and is regulated by the Australian Securities and Investment Commission (ASIC), the New Zealand Financial Markets Authority (FMA) and the Vanuatu Financial Services Commission (VFSC).

TMGM is considered safe because it is regulated by the top-tier 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. 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 prefer the metatrader platform

Pros Cons
Low forex fees Slim product portfolio
Easy and fast account opening Limited research and educational tools
Free deposit and withdrawal No negative balance protection

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

Fees
4.6

TMGM has low forex and CFD fees. While TMGM doesn't charge a fee for withdrawals, there's an inactivity fee if you don't trade for more than six months.
Pros Cons
Low trading fees Inactivity fee
Low forex fees
No withdrawal fee
Rakuten Securities vs. TMGM: Trading fees
TMGM Rakuten Securities
EURUSD benchmark fee $5.9 $1.8
EURGBP benchmark fee $6.6 $4.2

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

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

Account opening
5.0

The account opening process at TMGM 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. TMGM: Minimum deposit, time to open an account
TMGM Rakuten Securities
Minimum deposit $100 $50
Time to open account 1 day 1 day

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

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

Deposit and withdrawal
4.3

TMGM's depositing and withdrawal services are great. Many options are available for moving your money in and out, and they are free of charge.
Pros Cons
Credit/Debit card available Minor currencies not accepted
Free withdrawal
No deposit fee
Rakuten Securities vs. TMGM: Withdrawal options
TMGM Rakuten Securities
Bank transfer Yes Yes
Credit/debit card Yes No
Electronic wallets Yes Yes
Withdrawal fee $0 $25

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

Web trading platform
2.8

TMGM uses the MetaTrader web trading platform. It is highly customizable and has a clear fee report, but its design is outdated and it lacks a two-step login and price alerts.
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 TMGM, a Rakuten Securities alternative
Rakuten Securities vs. TMGM: Trading platform scores
TMGM Rakuten Securities
Web platform score 2.8 stars -
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars

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

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

Markets and products
2.2

At TMGM, you can trade only forex, CFDs and cryptos. This means that many popular asset classes, like real stocks and ETFs, are not available.
Rakuten Securities vs. TMGM: Markets and products
TMGM Rakuten Securities
Stocks No No
ETFs No No
Forex Yes Yes
Funds No No
Bonds No No
Options No No
Futures No No
CFDs Yes Yes
Crypto Yes Yes

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

Verdict

TMGM's forex fees are low, and account opening is fast and easy. Deposits and withdrawals are free of charge, and the process is user-friendly.

On the other hand, the product portfolio covers only forex and CFDs. In addition, clients are not covered by any investor protection.

Feel free to try TMGM, as you can easily open an account within a day.

TMGM
Summary TMGM is an Australian forex broker. It is regulated by both ASIC and VFSC, and is available globally for clients.
Fees score 4.6 stars
Recommended for Forex traders who prefer the MetaTrader platform

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

Rakuten Securities alternatives
Eightcap

Eightcap is an Australian global forex broker that was founded in 2009. The company operates two entities, regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).

Eightcap is considered safe because it is regulated by the top-tier 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. 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 prefer the metatrader platform

Pros Cons
Low forex fees Slim product selection
Seamless, quick account opening Limited research and educational tools
Free deposit and withdrawal No investor protection

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

Fees
4.5

Eightcap has low forex and CFD fees, especially if you choose the Raw account. There are also no inactivity or withdrawal fees you have to pay.
Pros Cons
Low trading fees None
Low non-trading fees
Low forex fees
Rakuten Securities vs. Eightcap: Trading fees
Eightcap Rakuten Securities
EURUSD benchmark fee $5.6 $1.8
EURGBP benchmark fee $6.4 $4.2

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

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

Account opening
5.0

Opening an account at Eightcap is seamless and fast. The whole process is fully digital and your account should be approved within one day.
Pros Cons
Fully digital None
Low minimum deposit
User-friendly
Rakuten Securities vs. Eightcap: Minimum deposit, time to open an account
Eightcap Rakuten Securities
Minimum deposit $100 $50
Time to open account 1 day 1 day

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

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

Deposit and withdrawal
4.5

At Eightcap deposits are free, as are most withdrawal methods, with e-wallet options also available. The selection of account base currencies is limited however to major currencies.
Pros Cons
Credit/Debit card available No minor currencies available
Free withdrawal
No deposit fee
Rakuten Securities vs. Eightcap: Withdrawal options
Eightcap Rakuten Securities
Bank transfer Yes Yes
Credit/debit card Yes No
Electronic wallets Yes Yes
Withdrawal fee $0 $25

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

Web trading platform
3.1

Eightcap gives access to MetaTrader 5 web trading platform, but not for MetaTrader 4. The MT5 platform is similar to MT4 - it is customizable, but has more order types. However, price alerts are still not available, and there's no two-factor authentication.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Good variety of order types
Web trading platform of Eightcap, a Rakuten Securities alternative
Rakuten Securities vs. Eightcap: Trading platform scores
Eightcap Rakuten Securities
Web platform score 3.1 stars -
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars

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

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

Markets and products
1.8

Eightcap's product selection covers only forex and CFDs for MT4 users. MT5 users can also access CFD cryptos but overall, popular asset types like real stocks and ETFs are not available.
Rakuten Securities vs. Eightcap: Markets and products
Eightcap Rakuten Securities
Stocks No No
ETFs No No
Forex Yes Yes
Funds No No
Bonds No No
Options No No
Futures No No
CFDs Yes Yes
Crypto Yes Yes

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

Verdict

We recommend Eightcap for users looking for a MetaTrader 4-5 broker with low forex fees and fast and easy account opening. It is also great that deposits and withdrawals are free of charge on the broker's end, with a user-friendly process.

On the other hand, available products are limited to CFDs, forex and cryptos (for MT5 clients). The research and educational tools are also limited.

Feel free to try Eightcap if you'd like to have a verified broker account with low forex fees within a day.

Eightcap
Summary Eightcap is an Australian forex broker. It is regulated by both ASIC and VFSC, and is available globally for clients.
Fees score 4.5 stars
Recommended for Forex traders who prefer the MetaTrader platform

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

Rakuten Securities alternatives
Rakuten Securities

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

Rakuten Securities is considered safe because it is regulated by the top-tier Australian Securities and Investments Commission (ASIC), and has a long track record and 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 those who prefer the metatrader 4 trading platform

Pros Cons
No inactivity fee Limited product portfolio
Easy and fast account opening No web trading platform
Good mobile trading platform Poor customer service

Fees
4.6

Rakuten Securities has low forex and CFD trading fees. Non-trading fees are average, as there is no inactivity fee, but a withdrawal fee is charged on international bank transfers and electronic wallets.
Pros Cons
Low forex fees High withdrawal fee for certain transactions
No inactivity fee
Rakuten Securities alternatives trading fees
Rakuten Securities Tickmill Oanda TMGM Eightcap
EURUSD benchmark fee $1.8 $5.2 $7.9 $5.9 $5.6
EURGBP benchmark fee $4.2 $6.5 $9.0 $6.6 $6.4

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

Account opening
5.0

The account opening at Rakuten Securities is user-friendly and fully digital. It is also very fast, as it took only 1 day for our account to be approved.
Pros Cons
Fast None
Fully digital
Low minimum deposit
Rakuten Securities alternatives minimum deposit and account open times
Rakuten Securities Tickmill Oanda TMGM Eightcap
Minimum deposit $50 $100 $0 $100 $100
Time to open account 1 day 1 day 1-3 days 1 day 1 day

Learn more about Rakuten Securities minimum deposit here.

Deposit and withdrawal
3.1

Rakuten Securities charges no deposit fees and the process is user-friendly, with even electronic wallets available. However, bank cards are not accepted, 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 Tickmill Oanda TMGM Eightcap
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

Web trading platform

Rakuten Securities doesn't offer a web trading platform, only mobile and desktop trading platforms. This is quite unusual for an online broker.
Rakuten Securities and alternatives trading platform scores
Rakuten Securities Tickmill Oanda TMGM Eightcap
Web platform score - 2.8 stars 4.5 stars 2.8 stars 3.1 stars
Mobile platform score 3.8 stars 3.8 stars 5.0 stars 3.8 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars 4.5 stars 3.4 stars 3.4 stars

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

Markets and products
1.4

At Rakuten Securities you can only trade some forex pairs, CFDs and Crypto. A lot of popular asset types, like stocks, ETFs and funds, are not available.
Rakuten Securities and alternatives markets and products
Rakuten Securities Tickmill Oanda TMGM Eightcap
Stocks No No No No No
ETFs No No No No No
Forex Yes Yes Yes Yes Yes
Funds No No No No No
Bonds No No No No No
Options No No No No No
Futures No No No No No
CFDs Yes Yes Yes Yes Yes
Crypto Yes Yes Yes Yes Yes

Verdict

Rakuten Securities does not charge an inactivity fee and 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 for trading. Customer service is poor and we also missed the availability of a 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 4.6 stars
Recommended for Forex traders looking for low fees and those who prefer the MetaTrader 4 trading platform

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 those who prefer the MetaTrader 4 trading platform
Tickmill Global forex broker Forex traders looking for low fees who are familiar with the MetaTrader 4 platform
Oanda US forex broker Forex traders who value a user-friendly platform and great research tools
TMGM Global forex broker Forex traders who prefer the MetaTrader platform
Eightcap Global forex broker Forex traders who prefer the MetaTrader platform

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your 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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Visit Rakuten Securities
74-89% of retail CFD accounts lose money
Visit Tickmill
71% of retail CFD accounts lose money
Visit Oanda
74-89% of retail CFD accounts lose money
Visit TMGM
74-89% of retail CFD accounts lose money
Visit Eightcap
74-89% of retail CFD accounts lose money
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