Rakuten Securities

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Rakuten Securities Review 2023

Written by: Gyula Lencsés, CFA. Updated:Dec 2022
Expert verified
Recommended for
  • forex trading 3.8/5
Trusted broker
Regulated by top-tier financial authorities
130 people chose this broker in the last 6 months
BrokerChooser Score

Rakuten Securities review summary

Rakuten Securities is a forex and CFD broker regulated by Australia’s ASIC. Rakuten Securities doesn’t charge an inactivity fee, and account opening is easy and fast. In addition, the mobile platform is good, user-friendly and well-designed. On the negative side, Rakuten Securities only offers a limited range of products covering forex and some CFDs. There is no web trading platform and customer support is poor, as it’s reliable only by email. BrokerChooser gave Rakuten Securities a 4.2/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Is Rakuten Securities a legit broker?

See how Rakuten Securities is regulated and whether you should have any concerns using it.

Rakuten Securities is available in Pakistan

74-89% of retail CFD accounts lose money

Rakuten Securities pros and cons



Rakuten Securities main highlights

🗺️ Country of regulation


💰 Trading fees class


💰 Inactivity fee charged


💰 Withdrawal fee amount


💰 Minimum deposit


🕖 Time to open an account

1 day

💳 Deposit with bank card


👛 Depositing with electronic wallet


💱 Number of base currencies supported


🎮 Demo account provided


🛍️ Products offered

Forex, CFD, Crypto


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.

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.

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.

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.

Mobile trading platform

Rakuten Securities has a good, well-designed and user-friendly mobile trading platform, offered by MetaTrader 4. On the negative side, it lacks a safer, two-step login.

Desktop trading platform

Rakuten Securities uses the MetaTrader desktop trading platform, which is highly customizable, with a clear fee report and price alerts. However, it lacks two-step login and its design is outdated.

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’s research tools could be much better: some trading ideas are available, but many of them are outdated. Fundamental data is also missing and the news feed is low-quality.

Customer service

Rakuten Securities customer service gives fast and relevant answers via email. However, live chat and phone support is slow and unsatisfactory, and is not available 24/7.


Rakuten Securities offers quality educational texts, webinars and a demo account as an educational tool. However, there are no instructional videos or other material available.


Rakuten Securities is regulated by a top-tier authority and its parent company is publicly listed. On the negative side, it does not provide investor or negative balance protection.