The first step before beginning Forex trading is to look for a broker who is not only reliable but also able to maximize your investment. Are you looking for a broker to help you in your Forex trading? Look no further. Rakuten brokers are the best choice for you and this article will help you see why.
As part of the Rakuten Securities Inc. located in Japan, Rakuten brokers brag of a 2.2M clients in Asia Pacific region only with subsidiaries in Hong Kong, Australia and the recently opened branch in Malaysia. Their worldwide presence has been attributed to the broker’s ability to offer tight spreads and specialized customer treatment among other attributes highlighted below.
Different subsidiaries of Rakuten Securities Inc. fall under different regulatory bodies as they are located in different parts of the globe and Forex laws and regulations differ from one nation to another. In Australia for example the Rakuten brokers are regulated by Australia Securities and Investment Commission while in Japan the brokers fall under the Financial Agency of Japan.
Reliability of Rakuten Brokers
Rakuten brokers are globally famed for their deep rooted belief in their business culture and the strive they put to offer their clients good operational support to ensure they make profitable trades. The brokers have proven over time that they work with professionalism and that they are continually improving their services to maximize the client’s utility. In order to build their credibility, they are subjected to regulatory oversight in all their subsidiaries and this also serves to ensure the security of client funds.
Rakuten Brokers Trade Instruments
While many brokers in the Forex trading market offer a wide variety of trading instruments, Rakuten forex broker aim their focus on providing their clients with spot trading opportunities involving a variety of currency pairs. Approximately 40 currency pairs are offered for use by Rakuten trading account owners via MT4 trading platform. In addition to this, they also offer Contract for difference for rare and highly priced metals like silver and gold. They offer a maximum leverage of 1:100 and their minimum trading lot size has been set at 0.01.
Commission and Spreads
One aspect of Rakuten brokers that makes it stand out among all the other Forex trading brokers is their ability to offer relatively low spreads that they attach to their client’s trading accounts. These brokers offer tight spreads which are normally set with regard to Japanese Retail FX pricing and this gives them a competitive advantage against their competitors. In addition to the spreads being fixed most of trading period, no extra commission is imposed on top of the spreads.
Rakuten brokers are able to offer their clients much more than all the other brokers in the industry as they enjoy a financial backing by the Rakuten Securities Inc., which is an international enterprise with a huge market capitalization estimated at $14 billion. This assures the clients in all the subsidiaries of the safety of their investment in case of market turmoil. In addition to this, the broker serves as the official sponsor of Barcelona FC and this is a clear indicator of the strong financial position of the entity.
Traders can contact the brokers for customer service and operational support either through email, telephone or through live chat on any working day. They also run promotions such as giving away legit Barcelona FC jersey. This is usually aimed at encouraging new clients to take up trading accounts with Rakuten brokers.
It is very evident that with the use of the advanced MT4 trading platform, excellent customer service, low spreads and the guarantee of security for client’s investment, there is absolutely no doubt that Rakuten brokers will be the most preferred brokers for many traders. Not only are they able to offer ultra–low spreads with no commission but they also offer a high sense of security to their clients.