Top Forex Brokers

rakuten broker review screenshotReviewed broker: Rakuten Securities

Also known as Rakuten Securities Australia (RSA). Rakuten Securities has different legal entities in Japan, Hong Kong, Malaysia, and Australia. 

In this review we focus on the broker in Australia.

Location: Suite 5, Level 9, 3 Spring Street, Sydney NSW 2000

Established in 1999

Regulation: SFC (Securities and Futures Commission)

Note: formally known as FXCM Asia Limited

No dealing desk: yes

Why Choose Rakuten

Fixed Tight Spreads. No Commission.

$50 Minimum Deposit

Up to 400:1 leverage

Top Market Commentary

Our free, up-to-date educational content and market analysis pieces will assist both our new and professional traders to make their trading decisions and executions.

    • Daily market updates and long-term analysis
    • Educational content to assist new traders to the market
    • Daily technical levels
    • Live market updates via our Twitter Feed
    • Unprecedented Financial Backing

Rakuten Securities Australia (RSA) is backed by the global expertise of Rakuten Securities, Inc. With its head office in Tokyo, Rakuten Securities, Inc. is the 4th largest FX broker in the world servicing over 2.2 million clients since 1999.

Regulated and Safe funds

We comply to ASIC regulations by holding our retail client funds in segregated bank accounts. 

Trading Accounts

100:1

MAX FX LEVERAGE

Min. $50 Deposit
Min. 0.01 Lot Sizes
Fixed Institutional FX Spreads
40 Currency Pairs
Gold and Silver
Indices
No commission

400:1

MAX FX LEVERAGE

Min. $50 Deposit
Min. 0.01 Lot Sizes
Fixed Institutional FX Spreads
40 Currency Pairs
Gold and Silver
Indices
No commission

As a Rakuten Securities Australia client, you can fund your trading account with these currencies: AUD, USD, EUR and GBP.

Demo account: yes

Minimum trade size: 0.01 lots

Minimum deposit requirement: $50

Payment methods: NAB, Neteller, Skrill, UnionPay, Wire Transfer, BItcoin, Credit Cards

Maximum leverage: 1:400

Spreads: 0.7 pips

Trading Platforms

MetaTrader Platform

Rakuten Securities Australia runs its forex service on the MetaTrader platform. MetaTrader 4 (or commonly abbreviated to MT4), is a popular piece of software for trading forex and metals. Besides managing trades, it lets you analyse price with a slew of charts and technical analysis tools. With its highly customisable and modular approach, this our choice for dealing in forex.

COMPLEX TRADING

3 Execution Modes 
2 Market Orders 
4 Pending Orders 
2 Stop Orders and a Trailing Stop

FLEXIBLE ANALYTICS

Interactive Charts 
9 Timeframes 
23 Analytical Objects 
30 Technical Indicators

ALGORITHMIC TRADING

MQL4 Language 
MetaEditor 
Strategy Tester 
Extensive Available Library

MOBILE TRADING

Support for Android 
Support for iOS 
Full Set of Trading Orders 
Analysis and Technical Indicators

Choose from hundreds of different traders and systems to copy automatically.

Transparent performance history to ensure you make an informed decision.

Follow the simple process below to link your account to Myfxbook

My FX Book AutoTrade, the next generation trade copy service owned and operated by Myfxbook. 
This service allows you to copy the trades of any system you select directly into your Rakuten Securities Australia MT4 account. 

Copy Trading

AS Streaming trading function: yes

One click execution: yes

Real time reports: yes

Free seminars and webinars: yes

Commissions: for trading station account

Currency pairs: 40

Hedging: allowed

Customer support: phone, email, fax, chat (whatsapp)