Rakuten Securities Rakuten समूह की खुदरा ब्रोकरेज शाखा है और, खाते संख्या के अनुसार, जापान की सबसे बड़ी ऑनलाइन प्रतिभूति फर्म है — कंपनी अप्रैल 2026 तक अपने कुल 14 मिलियन खातों का दावा करती है। जापान के बाहर ट्रेडर्स के लिए नाम आमतौर पर दो रूपों में सामने आता है: Rakuten FX, जो 25:1 लीवरिज सीमा के तहत जापान के भीतर येन-मान्य मुद्रा FX सेवा है, या Rakuten Securities Hong Kong, एक SFC-लाइसेंसित इकाई जो 20:1 पर अंतर्राष्ट्रीय ग्राहकों के लिए कमीशन-मुक्त, स्थिर-स्प्रैड FX प्लेटफ़ॉर्म को मार्केट करती है। वे एक ही उत्पाद नहीं हैं, और उन्हें मिश्रित करना इस ब्रोकर की कवरेज में सबसे आमmistake है।
यह समीक्षा दोनों द्वारों को अलग-अलग मानती है: प्रत्येक लाइसेंस क्या अनुमति देता है, प्रत्येक इकाई वास्तव में क्या चार्ज करती है, आपको welche प्लेटफ़ॉर्म मिलते हैं, फंडिंग कैसे काम करता है, और मॉड कहाँ टूटता है। हम Rakuten Securities की तुलना UZFX से भी करते हैं, जो US$10 की प्रवेश सीमा वाले एक बहु-संपत्ति CFD ब्रोकर है, क्योंकि दोनों खुदरा स्पेक्ट्रम के विपरीत सिरों पर बैठते हैं — एक घरेलू भरोसा और प्रतिभूति व्यापकता बेचता है, दूसरा चौड़ी CFD पुस्तक तक कम-लागत पहुंच बेचता है। व्यापक क्षेत्र के लिए, हमारे 2026 विदेशी मुद्रा ब्रोकर तुलना और एशिया ब्रोकर राउंडअप देखें।
शोध नोट: इस समीक्षा में आंकड़े नवंबर 2026 में Rakuten Securities के अपनी जापानी और हॉंकॉंग उत्पाद पृष्ठों, दर तालिकाओं और ट्रेडिंग-नियम दस्तावेज़ों से लिए गए थे। स्प्रैड लाइव आंकड़ों या ब्रोकर द्वारा प्रकाशित “से” आंकड़ों के रूप में quoted हैं, ना कि हमारी गणना किए गए औसत के रूप में।
Rakuten Securities एक नजर में
| क्षेत्र | जापान इकाई | हॉंकॉंग इकाई |
|---|---|---|
| कानूनी नाम | Rakuten Securities, Inc. (楽天証券株式会社) | Rakuten Securities Hong Kong Limited |
| विनियामक प्राधिकरण | महानिदेशक, कैंटो लोकल फाइनेंस ब्यूरो — वित्तीय उपकरण व्यापार ऑपरेटर नं. 195 | Securities and Futures Commission, CE No. AIM232 (प्रकार 3, लीवर किया गया FX) |
| समूह | Rakuten Group (टोक्यो) | Rakuten Group (टोक्यो) |
| खुदरा FX खाते | ~14 मिलियन समूह खाते (कंपनी आंकड़ा, अप्रैल 2026) | प्रकाशित नहीं |
| मुद्रा युग्म | प्रमुख और गौण येन और क्रॉस युग्म | 46 युग्म |
| अधिकतम लीवरिज | 25:1 (4% न्यूनतम मार्जिन) | 20:1 (5% प्रारंभिक मार्जिन) |
| कमीशन | FX और MT4 CFD पर शून्य | शून्य |
| विज्ञापित स्प्रैड | 0.2 पिप्स USD/JPY (कोर घंटे) से; MT4 0.5 पिप्स से | 0.5 पिप्स से स्थिर; 10 युग्मों पर लैडर स्प्रैड |
| न्यूनतम जमा | प्रकाशित नहीं | HK$10,000 ऑनलाइन; व्यक्तिगत रूप से कोई नहीं |
| खाता मुद्रा | JPY | USD, HKD |
| प्लेटफ़ॉर्म | Rakuten FX, Rakuten MT4, Rakuten MT4CFD, iSPEED, MarketSpeed II | Rakuten FX (डेस्कटॉप, वेब, मोबाइल) |
| किसके लिए सर्वोत्तम | एक एकीकृत प्रतिभूति खाता चाहने वाले जापानी निवासी | स्थिर-स्प्रैड FX वेन्यू चाहने वाले हॉंकॉंग और अंतर्राष्ट्रीय ग्राहक |
कंपनी पृष्ठभूमि
Rakuten Securities की खुदरा वंशावली जापानी ऑनलाइन ब्रोकर DLJdirect SFG Securities से मिलती है, जिसे Rakuten ने 2003 में अधिग्रहित किया और रीब्रांड किया। वर्तमान इकाई द्वारा रखी वित्तीय उपकरण व्यापार ऑपरेटर पंजीकरण 2007 से तारीख रखता है, और उस समय से व्यवसाय Rakuten Bank, Rakuten Card और Rakuten Wallet के साथ समूह के निवेश शाखा में बढ़ा है।
व्यावसायिक तर्क ब्रोकरों के बीच असामान्य है: Rakuten मुख्य रूप से ट्रेडिंग नहीं बेचता। यह एक पारिस्थितिकी तंत्र बेचता है। एक जापानी ग्राहक एक लॉगिन के तहत इक्विटी, मिუचुअल फंड, NISA कर-लाभदाय खाते, iDeCo पेंशन, बॉन्ड, सूचीबद्ध और विदेशी भविष्य पत्र, FX, CFDs और भौतिक सोना रख सकता है, Rakuten Bank के माध्यम से फंड किया गया, गतिविधि पर Rakuten Points कमाता हुआ। FX उस मोज़ेक में एक टाइल है, पूरी उत्पाद नहीं। Rakuten Securities Hong Kong एक narrower प्रस्ताव है — मूल रूप से Rakuten FX плюс शिक्षा सामग्री, एक आर्थिक कैलेंडर और तकनीकी विश्लेषण — और ग्राहकों की सेवा के लिए मौजूद है जो जापानी निवास आवश्यकता के बिना प्लेटफ़ॉर्म के मूल्य निर्धारण चाहते हैं।
अंतर्राष्ट्रीय पाठकों के लिए व्यावहारिक परिणाम यह है कि Rakuten यंत्र संख्या या लीवरिज में offshore CFD ब्रोकरों के साथ प्रतिस्पर्धा करने के लिए नहीं बनाया गया है। यह संस्थागत परिचितता, आकार में कसैले स्थिर स्प्रैड, और यह तथ्य पर प्रतिस्पर्धा करता है कि एक विनियमित घरेलू प्रतिभूति फर्म पैसे को持有 कर रही है。
विनियमन और ग्राहक संरक्षण
दो लाइसेंस, दो नियमावली।
जापान — कैंटो लोकल फाइनेंस ब्यूरो, FIBO No. 195。 Rakuten Securities, Inc. एक वित्तीय उपकरण व्यापार ऑपरेटर के रूप में पंजीकृत है, जो इसे वित्तीय सेवा आयोग के régime के तहत रखता है: अनिवार्य ग्राहक संपत्ति अलगाव, सांस्कृतिक आचार नियम, और जापानी खुदरा लीवरिज सीमा जो FX को 25:1 पर रखती है। खाता खोलने में जापानी पहचान दस्तावेज़ आवश्यक है, और जनवरी 2016 से My Number (マイナンバー) पंजीकरण नए खातों के लिए अनिवार्य है — एक कड़ा filter जो प्रभावी रूप से गैर-निवासियों को बाहर रोकता है。 फर्म ने भी अपने ग्राहक-पैसे अलगाव पर तीसरी पक्ष वार्षिक भी commissioned किया है, एक disclosure जो ब्रोकर द्वारा दुर्लभ रूप से volunteered किया जाता है。
हॉंकॉंग — SFC CE No. AIM232。 Rakuten Securities Hong Kong Limited प्रकार 3 विनियमित गतिविधि के लिए लाइसेंसित है, लीवर किया गया विदेशी मुद्रा व्यापार, जो SFC की खुदरा FX श्रेणी है। वह लाइसेंस एक सांस्कृतिक 20:1 ceiling (SFC द्वारा अनुमत अधिकतम), एक परिभाषित मार्जिन ladder, ग्राहक-पैसे अलगाव नियम और एक audit trail लाता है。 मार्जिन mechanics विस्तार से प्रकाशित हैं: 5% प्रारंभिक मार्जिन एक position खोलने के लिए, 3% maintenance margin जिस पर firm अपने discretion से positions बंद कर सकती है, और 2% liquidation margin जिस पर सभी खुले positions automatically बंद हो जाते हैं।
किसी भी लाइसेंस那种 tier-1 compensation scheme प्रदान नहीं करता ہے جس کی ASIC, FCA یا CySEC operates کرتی ہے، اور کوئی بھی entity FSCS کے comparable میں deposit guarantee سے covered نہیں ہے۔ ہاں کانگ entity کا risk disclosure اس consequence کے بارے میں blunt ہے: leveraged positions پر losses deposit شدہ margin سے زیادہ ہو سکتے ہیں۔ یہ Rakuten تک محدود red flag نہیں — یہ کسی بھی SFC-only یا FSA-only venue پر standard trade-off ہے — لیکن یہ decision میں شامل ہونا چاہیے۔
ٹریڈنگ حالات
ہاں کانگ entity: اعداد و شمار جو matters کرتے ہیں
| parameter | Rakuten Securities HK |
|---|---|
| Muqaddama muqaddama (pair) | 46 |
| Nyonon contract size | 1,000 (1K) units |
| Azam contract size | 5,000,000 (5,000K) units |
| Kameeshan | US$0 |
| Spraad model | Fixed, from 0.5 pips; volume-based ladder on 10 pairs |
| Leverage | 20:1 |
| Initial margin | 5% of open position value |
| Maintenance margin (margin call) | 3% |
| Liquidation margin (stop out) | 2% |
| Account currencies | USD, HKD |
| Initial deposit | HK$10,000 online; none if opened in person |
| Order types | Market, limit, stop, if-done, OCO and trailing variants |
| Two-factor authentication | Yes |
The 1K minimum contract is the detail small accounts should note first. At 1,000 units of AUD/USD, one pip is worth about US$0.10, so a US$500 account can hold a position with a stop hundreds of pips away — a genuinely usable micro-lot structure rather than a nominal one. The 5,000K ceiling plus ladder spreads is aimed squarely at the other end of the market: clients who trade institutional size and are price-sensitive to a fraction of a pip.
Japan entity: tighter leverage cap, tighter headline spread
Rakuten FX inside Japan runs under the 25:1 statutory cap, with margin of 4% to 100% of notional depending on which leverage course the client selects — the platform lets you voluntarily reduce leverage, which is a sensible feature for anyone who does not want the maximum available. The advertised headline is USD/JPY from 0.2 pips during core hours, with Rakuten MT4 from 0.5 pips. As always with “from” figures, treat them as a floor under ideal liquidity, not a promise: the broker states plainly that actual spreads are not guaranteed.
Live spreads sampled from the Hong Kong platform
Quotes pulled from the Rakuten FX rate table on 13 November 2026, mid-session, give a realistic picture of what the fixed model costs:
| Pair | Quoted spread (pips) | Pair | Quoted spread (pips) |
|---|---|---|---|
| USD/JPY | 0.2 | EUR/JPY | 0.5 |
| EUR/USD | 0.3 | GBP/JPY | 0.9 |
| AUD/USD | 0.3 | GBP/USD | 0.9 |
| NZD/USD | 1.0 | AUD/JPY | 1.0 |
| USD/CAD | 1.0 | EUR/GBP | 1.3 |
| USD/CHF | 1.6 | AUD/NZD | 2.6 |
| USD/CNH | 7.0 | EUR/AUD | 2.3 |
| USD/HKD | 2.8 |
Two observations. First, the majors are competitive with anything in the SFC-licensed tier — a 0.2 pip USD/JPY and 0.3 pip EUR/USD quote is tighter than most commission-free accounts at brokers charging A-book spreads. Second, the exotic and cross pricing widens sharply: USD/CNH at 7 pips and EUR/AUD at 2.3 pips mean this is not a venue for carry trades in illiquid pairs. If your strategy depends on CNH or Scandies, budget accordingly or look elsewhere.
How ladder spreads actually change the cost
The ladder is the most interesting part of the pricing model and the least understood. For ten pairs — USD/JPY, EUR/USD, AUD/USD, GBP/USD, NZD/USD, EUR/JPY, USD/CAD, AUD/JPY, GBP/JPY and USD/CHF — the fixed spread narrows as clip size increases, and the quoted rate applies to the entire position, not just the marginal slice above each threshold.
Rakuten’s own worked example is worth checking, because it shows the mechanic cleanly. AUD/USD is advertised at 0.9 pips standard and 0.5 pips at the large-clip tier. Trade 500,000 AUD in one order at 0.5 pips and you pay 0.5 × 0.0001 × 500,000 = US$25 in spread. Split the same 500,000 into ten orders of 50,000 at 0.9 pips and you pay 0.9 × 0.0001 × 500,000 = US$45. The saving is US$20 — exactly the figure the broker publishes — which is 0.4 pips across the full notional.
That is a real structural advantage for position traders and small funds, and it is the opposite of how most brokers tier pricing, where large orders get filled deeper into the book and pay more slippage. It also means the effective cost depends entirely on order construction: a trader who works 20 small clips through the ladder on a 500K position will pay nearly double the single-order cost. The broker is explicitly paying you to send one clean ticket.
Trading Platforms
Rakuten FX (Hong Kong and Japan). A proprietary terminal available as a desktop application, a browser platform and a mobile app. It offers the full order-type set — market, limit, stop, if-done and OCO — live rate tables with both the sell and buy side and rollover figures, one-click position closing, and two-factor authentication. The current build was recognised as an “Innovative Forex Trading Platform” at the 01 FinTech Excellence Awards 2024, a Hong Kong industry award. It is a clean, functional FX terminal: fast, stable, and deliberately narrow. There is no charting suite comparable to TradingView, no depth-of-market display, and no automated strategy layer beyond standard order management.
Rakuten MT4 (Japan). Full MetaTrader 4 with expert advisors, custom indicators and hedging, on servers the broker says are hosted in Japan — a latency advantage for clients inside the country and a mild disadvantage for anyone running EAs that assume an Equinix LD4 or NY4 round trip. An existing Rakuten FX account holder can open an MT4 account in about a minute.
Rakuten MT4CFD (Japan). Opening this account also provisions two sub-accounts: an MT4 securities CFD account for index CFDs and an MT4 commodity CFD account for gold, silver and crude. It cannot be opened without a Rakuten FX account first, which is an onboarding quirk worth knowing before you plan a CFD-only workflow.
Equities and funds. iSPEED for domestic and US equities, MarketSpeed II for active traders, plus dedicated apps for investment trusts and NISA. These are irrelevant to FX traders but central to why Japanese clients stay: one login, one funding rail, one tax reporting package.
The gap for international traders is straightforward. There is no MetaTrader 5 at either entity, no cTrader, no REST or FIX API for retail clients, and — in Hong Kong — no MetaTrader at all. If your workflow is built around EAs, multi-symbol backtests or third-party signal bridges, the Hong Kong product will feel constrained. Traders who specifically need a broker-agnostic platform should read our guide to forex brokers without MetaTrader, which covers the trade-offs of proprietary stacks in more depth.
Product Range
| Asset class | Hong Kong | Japan |
|---|---|---|
| FX | 46 pairs, majors to EM crosses incl. TRY/JPY and ZAR/JPY | Major and minor yen/cross pairs |
| Index CFDs | No | Yes, via MT4CFD |
| Commodity CFDs | No | Yes — gold, silver, crude |
| Share CFDs | No | No (cash equities and margin trading instead) |
| Crypto CFDs | No | No (crypto held via Rakuten Wallet, a separate group entity) |
| Cash equities | No | Domestic, US, Chinese and ASEAN |
| Funds and bonds | No | Yes, incl. NISA and iDeCo |
| Precious metals | No | Physical gold, silver and platinum |
The Hong Kong entity is a pure FX venue. That is a deliberate regulatory and commercial choice — SFC Type 3 covers leveraged FX, and the firm has not built out a CFD book — but it means anyone looking for gold, index or crypto exposure has exactly one product class to work with. The Japanese entity is far broader, but only accessible to residents.
This is where the comparison with multi-asset brokers becomes concrete. A trader who wants to express a view on the S&P 500, gold and bitcoin alongside EUR/USD needs four accounts at Rakuten and one at a broker like UZFX, whose book spans forex, metals, energies, indices and share CFDs. Depth per asset class versus breadth across asset classes is the real fork in the road, and it is worth modelling before you commit, as our CFD guide for beginners sets out in detail.
Funding, Deposits and Withdrawals
Hong Kong. Online account opening requires an initial deposit of at least HK$10,000 transferred from a bank account in the applicant’s own name at a licensed Hong Kong bank — the “designated bank account” — along with a deposit slip, government photo ID and, for non-permanent residents, a passport. Opening in person at the Hong Kong office waives the initial deposit requirement entirely, which is useful for anyone who wants to fund gradually. Because the designated account is fixed at onboarding and the deposit slip is part of the file, funding and withdrawal rails are tightly bound to one bank account; mismatched third-party transfers are not a workable route.
Japan. Funding runs through yen bank transfer, with integration into Rakuten Bank that the group markets heavily to its own customers. Account opening requires Japanese identity documents and My Number registration. There is no published minimum deposit, and no account-opening charge is advertised — the FX service is spread-only, with overnight rollover credited or debited depending on the pair and direction.
The practical friction for international readers is the HK$10,000 threshold. At roughly US$1,280 it is an order of magnitude above the entry cost at low-deposit brokers, and it is a regulatory requirement rather than a marketing choice. If you are testing a strategy with US$100–500, this is not the venue; our low-deposit broker comparison covers the alternatives, and the US$10 minimum deposit route explains how brokers structure micro accounts at that end of the market.
Customer Support
The Japanese operation publishes unusually specific service hours: telephone lines on weekdays from 8:30 to 17:00 (varying slightly by line), an AI chatbot available 24 hours a day, and operator chat on weekdays from 9:00 to 23:00. That schedule suits a domestic client base trading the Tokyo and London sessions, and the 24-hour chatbot matters more than it sounds for a broker whose clients trade USD/JPY into the New York close.
The Hong Kong entity supports English, Simplified Chinese and Traditional Chinese across its platform, documentation and website, runs free seminars, and provides an economic calendar and technical analysis section inside its education hub. The differentiator is the one-to-one support model the firm advertises — a named contact approach rather than a ticket queue — plus the option of walking into the Hong Kong office, which is rare among retail FX venues and useful when a funding or documentation problem needs a human signature.
The weak point is coverage outside Asian hours. There is no published 24/7 telephone line, weekend support is limited to self-service, and clients in Europe or the Americas should expect to wait for the Hong Kong or Tokyo business day. For a broker positioning itself on service quality, the absence of round-the-clock live chat is the most obvious gap versus the offshore competition.
Fees Beyond the Spread
- Commission: zero on Rakuten FX and on the Japanese MT4 and MT4CFD accounts, which are spread-only.
- Rollover/swap: applied nightly on open positions, shown live in the rate table alongside the spread so you can see the carry before you trade. This is the dominant cost on multi-day positions in the ladder-priced pairs.
- Account and platform fees: no subscription or platform charge is published for FX or MT4 CFD use.
- Inactivity fees: none published.
- Currency conversion: relevant if you fund in HKD and trade USD-denominated pairs, or vice versa — the account base currencies are USD and HKD only in Hong Kong.
- Deposits and withdrawals: the broker does not advertise deposit fees; bank charges from the sending institution are the client’s cost.
The cost profile is therefore simple: spread plus swap, with the spread narrowing on size. There is no commission layer to model, no tiered rebate, and no payment for order flow disclosure to untangle. Traders who want to compare that structure against raw-spread-plus-commission models should read our breakdown of how leverage and margin are calculated, since a 0.5 pip fixed spread at 20:1 and a 0.0 pip raw spread plus US$7 round turn at 1:500 are not comparable without putting both on the same notional.
Pros and Cons
Pros
- Two genuinely regulated entities: FSA-supervised in Japan (FIBO No. 195) and SFC-licensed in Hong Kong (CE AIM232).
- Fixed spreads from 0.5 pips with zero commission, and ladder pricing that gets tighter — not wider — as clip size grows.
- Micro-lot access from 1,000 units, so a modest account can trade with sensible stops.
- 14 million-account parent with bank, card and payments infrastructure behind it; client-money segregation with third-party assurance in Japan.
- Unusually broad securities shelf in Japan: equities, funds, bonds, NISA, iDeCo, futures and physical precious metals in one account.
- Transparent margin ladder in Hong Kong (5% / 3% / 2%) published in full.
- Two-factor authentication and a platform recognised by a Hong Kong fintech award.
Cons
- Hong Kong entity is FX-only — no indices, metals, energies, share CFDs or crypto.
- HK$10,000 minimum for online opening is steep for new traders.
- Leverage capped at 20:1 (HK) and 25:1 (Japan) by regulation, which will frustrate anyone used to offshore terms.
- No MetaTrader 5, no cTrader, no retail API; Hong Kong clients get no MetaTrader at all.
- Japanese accounts require residency and My Number, so the broader product shelf is closed to most international traders.
- No published 24/7 live support and no tier-1 compensation scheme.
- Exotic and cross-pair spreads widen sharply (USD/CNH at 7 pips).
Rakuten Securities vs UZFX at a Glance
| Dimension | Rakuten Securities | UZFX |
|---|---|---|
| Primary regulation | FSA Japan (FIBO No. 195); SFC Hong Kong (CE AIM232) | ASIC (AFSL 001291473) |
| Minimum deposit | HK$10,000 online (HK); not published (Japan) | US$10 |
| Commission | Zero | Zero |
| Spread model | Fixed from 0.5 pips, ladder discounts in size | Variable, account-tier dependent |
| Maximum leverage | 20:1 (HK) / 25:1 (Japan) | Higher retail leverage under ASIC caps |
| Instruments | 46 FX pairs (HK); broad securities shelf (Japan) | 46+ products across forex, metals, energies, indices, crypto and share CFDs |
| Platforms | Rakuten FX proprietary; Rakuten |