Rakuten Trade Sdn Bhd (“Rakuten Trade”) will be introducing its second product – Contra Trading on Monday 4 June 2018. Account opening facilities for Contra trading will be available to early bird customers beginning Saturday, 2 June 2018. The Contra Trading facility will offer investors a trading limit of three or five times the value of cash and/or collateralized shares.
According to Rakuten Trade Managing Director, Mr Kaoru Arai, “Trading on the Malaysian equity market has never been more seamless and more efficient. In true Rakuten style, we are enhancing the trading experience for our investors by providing a platform that is different and more advantageous than what is currently being offered. Our Contra Trading complements the existing Cash Upfront facility as it gives additional leverage of up to 5 times* to our clients, higher than what is currently offered, yet at low brokerage rates that are the lowest in town.”
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