Japanese brokerage Rakuten Securities, a subsidiary of Internet services provider Rakuten Inc (TYO:4755), has announced an expansion of its US stock offering.
Effective October 23, 2020, the broker will add 41 new stocks to its offering. The additions include brands such as American Well Corp (NYSE:AMWL) and Yalla Group Ltd (NYSE:YALA). The additions are stocks of companies listed on NYSE and NASDAQ.
Rakuten provides its clients to a wide range of US stocks, US ETFs, and ADRs (American Depositary Receipts). Clients of the broker can trade Japanese and US stocks via the smartphone app iSPEED and via the “Market Speed” platform for PCs. The latter offers more than 10 types of charts for technical analysis of US stock investments.
Once one opens a general account with Rakuten Securities, the client can trade not only domestic stocks but also foreign stocks. In addition, profit and loss can be totaled with domestic stocks and investment trusts in a “specific account”, making it easy to file tax returns.
Let’s note that Rakuten Securities regularly enriches its offering. In September, the company added 61 stocks to its offering, including Snowflake and J-FROG.