KUALA LUMPUR: Rakuten Trade Sdn Bhd has announced the expansion of its Cash Upfront Trading Account to include access into foreign markets, beginning with the United States (US).

       Chief executive officer Kazumasa Mise said the US share trading service amplifies Rakuten Trade’s value propositions and unlocks more value through financial technology (fintech) efficiencies.

       "With this enhancement, our clients will now have access to trade stocks like Apple and Tesla, as well as Exchange Traded Funds (ETF) that are listed on the New York Stock Exchange (NYSE) and Nasdaq, in addition to over 1,000 stocks on Bursa Malaysia.

       "Both domestic and foreign equities will be offered on a single dashboard, at the same low brokerage for a seamless fully digital trading experience," he said during a virtual media briefing, today.

       Meanwhile, Mise said Rakuten Trade has activated more than 235,000 trading accounts and handled more than RM95 billion in total trading value on Bursa Malaysia as of Dec 31, 2021.

       He said its retail market share stood at almost eight per cent, while clients’ assets under trust had exceeded RM3.7 billion.

       "We aim to continue democratising equity trading by improving the digital trading experience with a client-first mindset.

       "With our strengthened digital capabilities that elevate the customer experience, coupled with our fully licensed research division, Rakuten Trade will continue to raise standards and evolve in the years ahead," he added. - Bernama