Japanese broker Rakuten Securities expands stock offering
Japanese FX, CFD and stock brokerage Rakuten Securities, a subsidiary of Internet services provider Rakuten Inc (TYO:4755), is expanding its offering of trading instruments via the addition of shares of more US-listed companies.
The list of new additions includes:
- Driven Brands Holdings Inc. (DRVN);
- Playtika Holding Corp. (PLTK);
- Affirm Holdings Inc (AFRM);
- Medirom Healthcare Technologies Inc (MRM);
- Upstart Holdings Inc (UPST);
- QuantumScape Corporation (QS).
As one can see, the additions include shares in fintech, healthcare and gaming companies, with Rakuten promising to expand the list further soon.
Let’s note that Rakuten Securities has recently unveiled its plans to introduce CFDs on stock indices and commodities. The application process hass begun. Later in January, the brokerage aims to launch the live service for trading in CFDs on stock indexes. The commodity CFDs are poised to be made available for trading in May 2021.
The platform to be used for the new service is MT4. The leverage for CFDs on stock indices will be 10x, whereas the leverage for commodity CFDs will be 20x.
Rakuten Securities regularly enriches its offering. In October 2020, the broker added 41 new stocks to its offering. The additions include brands such as American Well Corp (NYSE:AMWL) and Yalla Group Ltd (NYSE:YALA).
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.