On March 26, 2024, Rakuten Trade Sdn Bhd, Malaysia’s pioneering fully digital stockbroker, launched a groundbreaking service: US amalgamated brokerage fees. This first-in-market initiative combines multiple same-day trades of a single US stock into one fee, ranging from RM1 (USD0.20) to a maximum of RM100 (USD25), enhancing cost efficiency and transparency for retail investors trading on NYSE and NASDAQ.
CEO Kazumasa Mise stated, “We’re excited to introduce this pioneering service, which we believe will be well received by investors,” highlighting its alignment with existing Bursa Malaysia efficiencies. Vincent Lau, Head of Equity Sales, added, “With great performance and returns, it is no surprise that the US markets are a favorite among retail investors,” noting opportunities amid market fluctuations. The service complements features like Raku-Invest, a regular savings plan, and a 90-day RM1 brokerage fee for new US traders, reinforcing Rakuten Trade’s focus on accessibility and education for Malaysian investors.
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