Rakuten Securities adds 74 additional stocks to its listing roster

Rakuten Securities Inc., a Japanese FX broker, announced plans to increase its selection of tradeable instruments by adding a total of 74 stocks.

These new additions, which will be accessible starting today, include companies listed on US, Chinese, and ASEAN exchanges, according to a business release.

The broker expands its product offering to encompass commodities, indices, shares, currencies, and other assets as client demand for exposure to regulated markets has been rising. The addition of new stocks not only aids in enhancing trading options for its customers but also draws in additional traders who are seeking to increase their range of trading possibilities.

The firm has consistently increased the number of trading products it offers. It has expanded its service to include 200 stocks listed on American markets. With investors from specific countries eager to actively trade international stocks, the rationale for introducing more assets has gotten stronger in recent years.

As part of intensified attempts to draw in retail traders, Japanese brokers have begun reducing trading fees. Since trade volumes have been declining in Japan, the action may be an effort to increase trading activity.

When fixed-rate commissions on stock trading were eliminated in many Western markets, the battle had just begun. A number of brokers seized the chance, slashing commissions by up to 90% and providing no-fee trading for a short time. Japanese brokers are aiming to enter the retail trading boom, which has benefited both legacy platforms and high-flying apps.

Following the acquisition of one of FXCM’s former operations six years ago, Rakuten Securities is one of the biggest Japanese FX brokers and runs regional businesses, notably in Hong Kong.

As a division of the massive e-commerce company Rakuten, Rakuten Securities also manages retail foreign exchange brands in Australia and Malaysia through a partnership with Kenanga Investment Bank Berha. The fourth-largest e-commerce company is run by Rakuten.com, only after Alibaba, eBay, and Amazon.

Rakuten has entered the world of digital assets by launching “Rakuten Wallet,” its cryptocurrency exchange, by taking use of group synergies.

Customers can deposit/withdraw Japanese yen and crypto assets through the smartphone app for their crypto asset trading accounts. Everybody’s Bitcoin was originally known as Rakuten Wallet, which Rakuten acquired in August 2018 for $2.4 million.

You can read more about the brokerage in our Rakuten Securities Review.

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