Our top alternative brokers to Rakuten Securities
Oanda
4.7
Read review
Tickmill
4.5
Visit broker
75% of retail CFD accounts lose money
Our top alternative brokers to Rakuten Securities
Oanda
4.7
Read review
Tickmill
4.5
Visit broker
75% 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 3.9 4.5 4.7 4.4 4.2
Fees score 4.4 stars 4.5 stars 4.3 stars 4.6 stars 4.5 stars
Account opening score 5.0 stars 5.0 stars 4.4 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 3.0 stars
Markets and products score 1.2 stars 1.4 stars 1.6 stars 1.9 stars 1.3 stars
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75% of retail CFD accounts lose money
Read review Visit broker
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 for those who prefer the metatrader 4 trading platform
  • Tickmill is recommended for forex traders looking for low fees and prefer 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 85 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 United Kingdom.

Tickmill is considered safe because it is regulated by the top-tier FCA.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 prefer metatrader 4 platform

Pros Cons
Low forex fees Only forex and CFDs
Fast and easy account opening Trading platforms with outdated design
Free deposit and withdrawal Basic news feeds

Visit broker
75% of retail CFD accounts lose money

Fees
4.5

Tickmill has low forex, but 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 $6.7 $5.3
EURGBP benchmark fee $7.9 $8.9

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

Visit broker More
75% of retail CFD accounts lose money

Account opening
5.0

Tickmill has a fast and easy account opening process. Our account was verified within one business day. The minimum deposit is low, $100 for all account types, except VIP accounts.
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
75% of retail CFD accounts lose money

Deposit and withdrawal
4.5

Deposit and withdrawal are fast and free of charge. There is a wide range of options including bank transfer, credit/debit cards, or electronic wallets. On the other hand, the number of available account base currencies is low.
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
75% 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. On the other hand, the platform lacks 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 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
75% of retail CFD accounts lose money

Markets and products
1.4

At Tickmill, you can trade only CFDs on forex, stock indices, commodities, and German government bonds. Popular asset classes, such as stocks, ETFs, mutual funds, bonds and options are missing.
Rakuten Securities vs. Tickmill: Markets and products
Tickmill 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

Visit broker More
75% 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 FCA.

On the plus side, we liked the low forex fees. Account opening is seamless and there are a lot of free deposit/withdrawal options.

Tickmill has some drawbacks though. Its product range is limited to forex, CFDs on some stock indexes and commodities. The trading platforms have outdated design and the news feed is basic.

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

Below you can find links to all aspects of Tickmill in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Tickmill fees article.

What about the minimum deposit?

Our ultimate guide to the Tickmill minimum deposit is updated regularly.

How to start your Tickmill account?

Look no further than our evaluation of the Tickmill account opening.

How's their trading app?

Here's our expert view after checking the Tickmill trading app.

Is the quality of customer service satisfactory?

All you need to know about the Tickmill customer service.

Legit or scam?

Is Tickmill legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Tickmill is really free.

Is this broker good for beginners?

We checked it in Is Tickmill good for beginners.

Should you buy your silver bullets on Tickmill?

Research for silver bugs in the Silver buy on Tickmill guide

I want to trade options, are they available at Tickmill?

We explored the topic in Can you trade options on Tickmill?

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

Visit broker More
75% of retail CFD accounts lose money

Rakuten Securities alternatives
Oanda

Oanda is an American forex broker founded in 1996. It is still a private company, thus not listed on any stock exchange.

Oanda 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 the broker's different 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

Read review

Fees
4.3

Oanda has low forex, but average CFD fees. As a plus, the withdrawal fees are low.
Pros Cons
Low forex fees Average CFD fees
First credit/debit card withdrawal per month is free
Rakuten Securities vs. Oanda: Trading fees
Oanda Rakuten Securities
EURUSD benchmark fee $7.8 $5.3
EURGBP benchmark fee $9.2 $8.9

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

Read review
74-89% of retail CFD accounts lose money

Account opening
4.4

Oanda's account opening is straightforward, with no required minimum balance.
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.

Read review
74-89% of retail CFD accounts lose money

Deposit and withdrawal
4.2

Oanda charges no deposit and account fees. The inactivity fee is also reasonable. You can also withdraw your money free of charge with a debit or credit card, but bank transfers and PayPal withdrawals are quite costly.
Pros Cons
Credit/Debit card available High withdrawal fee for bank transfers and PayPal
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

Read review
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.

Read review

Markets and products
1.6

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 Yes No

Read review
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 is easy and quick.

On the other hand, 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 is not 24/7 as well.

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.

Below you can find links to all aspects of Oanda in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Oanda fees article.

What about the minimum deposit?

Our ultimate guide to the Oanda minimum deposit is updated regularly.

How to start your Oanda account?

Look no further than our evaluation of the Oanda account opening.

How's their trading app?

Here's our expert view after checking the Oanda trading app.

Is the quality of customer service satisfactory?

All you need to know about the Oanda customer service.

Legit or scam?

Is Oanda legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Oanda is really free.

Is this broker good for beginners?

We checked it in Is Oanda good for beginners.

Should you buy your silver bullets on Oanda?

Research for silver bugs in the Silver buy on Oanda guide

I want to trade options, are they available at Oanda?

We explored the topic in Can you trade options on Oanda?

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

Read review
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) 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. In addition, non-trading fees are low and the broker doesn't charge fees for withdrawals.
Pros Cons
Low forex fees Inactivity fee
No withdrawal fee
No inactivity fee
Rakuten Securities vs. TMGM: Trading fees
TMGM Rakuten Securities
EURUSD benchmark fee $6.7 $5.3
EURGBP benchmark fee $7.7 $8.9

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
1.9

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
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

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 will have an account within a day and there is no inactivity fee.

Below you can find links to all aspects of TMGM in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our TMGM fees article.

What about the minimum deposit?

Our ultimate guide to the TMGM minimum deposit is updated regularly.

How to start your TMGM account?

Look no further than our evaluation of the TMGM account opening.

How's their trading app?

Here's our expert view after checking the TMGM trading app.

Is the quality of customer service satisfactory?

All you need to know about the TMGM customer service.

Legit or scam?

Is TMGM legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether TMGM is really free.

Is this broker good for beginners?

We checked it in Is TMGM good for beginners.

Should you buy your silver bullets on TMGM?

Research for silver bugs in the Silver buy on TMGM guide

I want to trade options, are they available at TMGM?

We explored the topic in Can you trade options on TMGM?

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 negative balance 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 $6.4 $5.3
EURGBP benchmark fee $6.9 $8.9

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 No No
Electronic wallets Yes Yes
Withdrawal fee $0 $25

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

Web trading platform
3.0

Surprisingly, MT4 web is not available at Eightcap, only MT5, which is a bummer. The platform itself 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 3.0 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
1.3

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
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

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). Also, clients are not covered by a negative balance protection scheme.

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

Below you can find links to all aspects of Eightcap in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Eightcap fees article.

What about the minimum deposit?

Our ultimate guide to the Eightcap minimum deposit is updated regularly.

How to start your Eightcap account?

Look no further than our evaluation of the Eightcap account opening.

How's their trading app?

Here's our expert view after checking the Eightcap trading app.

Is the quality of customer service satisfactory?

All you need to know about the Eightcap customer service.

Legit or scam?

Is Eightcap legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Eightcap is really free.

Is this broker good for beginners?

We checked it in Is Eightcap good for beginners.

Should you buy your silver bullets on Eightcap?

Research for silver bugs in the Silver buy on Eightcap guide

I want to trade options, are they available at Eightcap?

We explored the topic in Can you trade options on Eightcap?

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

Fees
4.4

Rakuten Securities has low forex and average CFD trading fees. Non-trading fees are average too: 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 international bank transfers and electronic wallets
No inactivity fee
Rakuten Securities alternatives trading fees
Rakuten Securities Tickmill Oanda TMGM Eightcap
EURUSD benchmark fee $5.3 $6.7 $7.8 $6.7 $6.4
EURGBP benchmark fee $8.9 $7.9 $9.2 $7.7 $6.9

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, 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 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 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 Tickmill Oanda TMGM Eightcap
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No Yes Yes Yes No
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 are provided. Not providing a web trading platform is quite unusual among online brokers.
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 3.0 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
1.2

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 Tickmill Oanda TMGM Eightcap
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 No Yes Yes Yes

Verdict

Rakuten Securities doesn't charge any inactivity fee 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. 

Below you can find links to all aspects of Rakuten Securities in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Rakuten Securities fees article.

What about the minimum deposit?

Our ultimate guide to the Rakuten Securities minimum deposit is updated regularly.

How to start your Rakuten Securities account?

Look no further than our evaluation of the Rakuten Securities account opening.

How's their trading app?

Here's our expert view after checking the Rakuten Securities trading app.

Is the quality of customer service satisfactory?

All you need to know about the Rakuten Securities customer service.

Legit or scam?

Is Rakuten Securities legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Rakuten Securities is really free.

Is this broker good for beginners?

We checked it in Is Rakuten Securities good for beginners.

Should you buy your silver bullets on Rakuten Securities?

Research for silver bugs in the Silver buy on Rakuten Securities guide

I want to trade options, are they available at Rakuten Securities?

We explored the topic in Can you trade options on Rakuten Securities?

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 4.4 stars
Recommended for Forex traders looking for low fees and for 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 for those who prefer the MetaTrader 4 trading platform
Tickmill Global forex broker Forex traders looking for low fees and prefer 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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