KUALA LUMPUR: Rakuten Trade has launched a pioneering service—US amalgamated brokerage fees—aimed at streamlining the trading experience for Malaysian investors in the US markets. This first-of-its-kind offering consolidates multiple orders for the same stock on the New York Stock Exchange (NYSE) and NASDAQ within a single trading day into one brokerage fee, optimizing trading costs for investors.
The new fee structure is particularly beneficial for high-value day traders, as it allows for cost consolidation while also leveraging the stamp duty fee cap. With an increasing number of local traders diversifying into foreign markets, this initiative positions Rakuten Trade as a leading gateway for Malaysians seeking exposure to US equities.
Rakuten Trade encourages investors to explore this exclusive feature, which simplifies trading fees and enhances cost efficiency. More details are available in the company’s latest press release.
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