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Rakuten Bank broker Accounts
Rakuten Securities Account Types
Rakuten Securities offers four different account types tailored to meet the needs of various traders:
- Retail Account
- Leverage: Up to 30:1
- Spreads: From 0.5 pips
- Minimum Deposit: $50
- Maximum Open Position: 250 lots
- Margin Call Level: 70%
- Stop Out Level: 50%
- Negative Balance Protection: Yes
- Pro 1 Account
- Leverage: Up to 100:1
- Spreads: From 0.5 pips
- Minimum Deposit: $50
- Maximum Open Position: 250 lots
- Margin Call Level: 70%
- Stop Out Level: 50%
- Negative Balance Protection: Yes
- Pro 2 Account
- Leverage: Up to 400:1
- Spreads: From 0.8 pips
- Minimum Deposit: $50
- Maximum Open Position: 40 lots
- Margin Call Level: 70%
- Stop Out Level: 50%
- Negative Balance Protection: Yes
- Pro VIP Account
- Leverage: Up to 400:1
- Spreads: From 0.5 pips
- Minimum Deposit: $1,000
- Maximum Open Position: 250 lots
- Margin Call Level: 70%
- Stop Out Level: 50%
- Negative Balance Protection: Yes
Additionally, Rakuten Securities provides a 100% risk-free demo account and an Islamic account option for Muslim traders, which adheres to Sharia law by charging no overnight fees.
Rakuten Securities Broker Account Opening Process
Opening an account with Rakuten Securities involves several straightforward steps:
- Visit the Website
- Navigate to the Rakuten Securities website and click on the "Start Trading" button.
- Complete Registration Form
- Fill out the online registration form with personal details such as name, date of birth, nationality, and contact information.
- Provide Address Information
- Enter your residential address and contact number.
- Employment and Financial Details
- Provide information regarding your employment status and financial details, including a brief trading experience questionnaire.
- Choose Account Type
- Select the desired account type (Retail, Pro 1, Pro 2, or Pro VIP) and the currency for your trading account.
- Upload Required Documentation
- Upload identification documents such as a government-issued ID and proof of address.
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Rakuten Bank accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .