The best alternatives to Rakuten Securities are
- Tickmill - Global forex broker
- Oanda - US forex broker
- TMGM - Global forex broker
- 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 | Tickmill | Oanda | TMGM | Eightcap | |
|---|---|---|---|---|---|
| Overall score | 4.2 stars | 4.5 stars | 4.5 stars | 4.1 stars | 4.2 stars |
| Fees score | 3.8 stars | 4.3 stars | 4.0 stars | 3.9 stars | 4.3 stars |
| Account opening score | 5.0 stars | 5.0 stars | 4.2 stars | 5.0 stars | 5.0 stars |
| Deposit and withdrawal score | 4.3 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 | 1.3 stars | 2.4 stars | 1.8 stars | 2.2 stars | 1.7 stars |
|
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76% of retail CFD accounts lose money |
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78.3% of retail CFD accounts lose money |
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68% 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 101 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 can make a deposit with a credit card at Rakuten Securities, this might not be the case at its alternatives.
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. 76% 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
|
• Outdated platform design and functions
|
|
• Fast and easy account opening
|
• Basic news feed
|
|
• Free deposit and withdrawal
|
|
Fees
Tickmill has low forex fees and average CFD fees. There is no fee for deposit, withdrawal or inactivity.
| Pros | Cons |
|---|---|
|
• Low forex fees
|
None |
|
• No withdrawal fee
|
|
|
• No inactivity fee
|
|
| Tickmill | Rakuten Securities | |
|---|---|---|
| EURUSD benchmark fee | $12.5 | $13.0 |
| EURGBP benchmark fee | $9.0 | $9.1 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
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
|
|
| 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.
Deposit and withdrawal
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
|
|
| Tickmill | Rakuten Securities | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $25 |
Web trading platform
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
|
| 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.
Markets and products
You can trade CFDs on forex, stocks, stock indices, commodities and German government bonds. You can also trade options and futures, but popular asset clases such as ETFs, bonds or funds are missing.
| Tickmill | Rakuten Securities | |
|---|---|---|
| Stocks | No | No |
| ETFs | No | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | Yes | No |
| Futures | Yes | No |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
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. 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 | 4.3 stars |
| Recommended for | Forex traders looking for low fees who are familiar with the MetaTrader 4 platform |
Rakuten Securities alternatives
Oanda
Oanda is a US-based forex broker founded in 1996. It is 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. 78.3% 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.
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
|
Fees
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 trading fees
|
• Average CFD fees
|
|
• Low forex fees
|
|
|
• First card withdrawal each month is free
|
|
| Oanda | Rakuten Securities | |
|---|---|---|
| EURUSD benchmark fee | $15.4 | $13.0 |
| EURGBP benchmark fee | $12.9 | $9.1 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
Oanda's account opening is straightforward and no initial minimum deposit is required.
| Pros | Cons |
|---|---|
|
• Fully digital
|
None |
|
• No minimum deposit
|
|
| 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.
Deposit and withdrawal
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
|
|
| Oanda | Rakuten Securities | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $25 |
Web trading platform
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
|
|
| 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.
Markets and products
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.
| 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 |
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 | 4.0 stars |
| Recommended for | Forex traders who value a user-friendly platform and great research tools |
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. 68% 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 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
|
• Inactivity fee
|
Fees
TMGM has low forex 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
|
|
| TMGM | Rakuten Securities | |
|---|---|---|
| EURUSD benchmark fee | $13.8 | $13.0 |
| EURGBP benchmark fee | $11.6 | $9.1 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
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
|
|
| 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.
Deposit and withdrawal
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
|
|
| TMGM | Rakuten Securities | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $25 |
Web trading platform
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
|
| 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.
Markets and products
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.
| 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 |
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 | 3.9 stars |
| Recommended for | Forex traders who prefer the MetaTrader platform |
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
|
Fees
Eightcap has low forex and CFD fees, especially if you choose the Raw account. There are also no inactivity or withdrawal fees.
| Pros | Cons |
|---|---|
|
• Low trading fees
|
None |
|
• Low non-trading fees
|
|
|
• Low forex fees
|
|
| Eightcap | Rakuten Securities | |
|---|---|---|
| EURUSD benchmark fee | $12.7 | $13.0 |
| EURGBP benchmark fee | $9.8 | $9.1 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
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
|
|
| 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.
Deposit and withdrawal
At Eightcap deposits are free, as are most withdrawals, with e-wallet options also available. The selection of account base currencies is limited to major currencies.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• No minor currencies available
|
|
• Free withdrawal
|
|
|
• No deposit fee
|
|
|
• Electronic wallets available
|
|
| Eightcap | Rakuten Securities | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $25 |
Web trading platform
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
|
|
| 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.
Markets and products
Eightcap's product selection covers only forex and CFDs for MT4 users. MT5 users can also access CFD cryptos but popular asset types like real stocks and ETFs are not available.
| 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 |
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 | 4.3 stars |
| Recommended for | Forex traders who prefer the MetaTrader platform |
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
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 | Tickmill | Oanda | TMGM | Eightcap | |
|---|---|---|---|---|---|
| EURUSD benchmark fee | $13.0 | $12.5 | $15.4 | $13.8 | $12.7 |
| EURGBP benchmark fee | $9.1 | $9.0 | $12.9 | $11.6 | $9.8 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
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 | 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
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 | Tickmill | Oanda | TMGM | Eightcap | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | Yes | 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 | 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
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 | 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 | Yes | No | No | No |
| Futures | No | Yes | 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 | 3.8 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.
| 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 |
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