Overview of Rakuten Securities fees and charges
It's safe to say that Rakuten Securities's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use Rakuten Securities even in case you trade frequently like multiple times a week or daily.
Here's a high level overview of Rakuten Securities's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| EURUSD | Low | The fees are built into the spread, 0.5 pips is the average spread cost during peak trading hours. |
| GBPUSD | Low | The fees are built into the spread, 0.8 pips is the average spread cost during peak trading hours. |
| S&P 500 CFD | - | Not transparent fee structure |
| Inactivity fee | Low | No inactivity fee |
Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Rakuten Securities fees
Rakuten Securities fees explained
We compare Rakuten Securities fees with its closest competitors, Tickmill and Oanda.
Rakuten Securities fees
Rakuten Securities trading fees
Rakuten Securities's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).
Let's break down the trading fees into the different asset classes available at Rakuten Securities.
Trading fees
Rakuten Securities's trading fees are low.
It is super hard to compare trading fees for forex brokers. What we did at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of an example trade for two currency pairs.
- EURUSD, a popular currency pair
- EURGBP, another popular currency pair
The example in this context would mean that you buy for $20,000 using 30:1 leverage, and sell it after a week.
This super catch-all benchmark includes spreads and financing costs for all brokers.
Here is the verdict.
| Rakuten Securities | Tickmill | Oanda | |
|---|---|---|---|
| EURUSD benchmark fee | $13.0 | $12.5 | $15.4 |
| EURGBP benchmark fee | $9.1 | $9.0 | $12.9 |
Financing rates
Rakuten Securities financing rates are low.
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
| Rakuten Securities | Tickmill | Oanda | |
|---|---|---|---|
| Apple CFD financing rate | - | 5.2% | - |
| Vodafone CFD financing rate | - | - | - |
| EURUSD financing rate | 3.1% | 2.9% | 3.5% |
| EURGBP financing rate | 1.8% | 1.9% | 2.6% |
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
Currency conversion fee
Rakuten Securities will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: Exchange rate received from liquidity providers plus a mark-up. We used the EURUSD trading fees for the calculation..
Rakuten Securities fees
Rakuten Securities non-trading fees
When it comes to looking at all the non-trading fees Rakuten Securities is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.
Non-trading fees include various brokerage fees and charges at Rakuten Securities that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.
| Rakuten Securities | Tickmill | Oanda | |
|---|---|---|---|
| Withdrawal fee | $25 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | No | No | Yes |
| Account fee | No | No | No |
Rakuten Securities fees
Rakuten Securities deposit fee
Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Rakuten Securities is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Rakuten Securities offers.
| Rakuten Securities | Tickmill | Oanda | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
| Deposit fee | $0 | $0 | $0 |
Rakuten Securities fees
Rakuten Securities withdrawal fee
Unfortunately, quite like the majority of the online brokers we have reviewed Rakuten Securities does charge a withdrawal fee of $25 for the bank transfer. This means that you need to pay this amount of money when you transfer your money back to your bank account. It's up to you to decide whether this is a high amount or not as it's dependent mostly on the size of the transferred amount.
| Rakuten Securities | Tickmill | Oanda | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
| Withdrawal fee with bank transfer | $25 | $0 | $0 |
Rakuten Securities fees
Rakuten Securities inactivity fee
Rakuten Securities does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).
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