- How to apply for a Rakuten broker account

Applying for a Rakuten broker account is essential for those wishing to invest in U.S. or Japanese stocks. The process begins by clicking the red button on the website and entering your email address. It's important to note that the instructions can be changed to English, making it accessible for non-Japanese speakers. The application form requests basic information such as nationality, name, and date of birth. It is crucial to provide accurate details, including your visa expiry date, and to upload a form of identification, such as a driver's license or residence card.

Additionally, applicants need to fill in their gender, address, and contact number. There is an option regarding tax return requirements, and the selection can be made based on individual preferences. The final steps include choosing additional services, such as opening an FX account or margin trading account. Once all information is confirmed and the necessary agreements are accepted, a confirmation is required, after which the application process is completed, and the account details are sent via mail within a couple of weeks.

This streamline process makes opening a Rakuten broker account accessible and efficient, allowing individuals to begin their trading journey with ease.

- Step-by-step account creation process

To create a Rakuten broker account for trading U.S. or Japanese stocks, start by clicking on the red button labeled "account open" or "active broker." You will be prompted to enter your email address and choose a language for the application process. Once you have completed this step, a verification link will be sent to your email, leading you to the application form. The application form will request details such as your nationality, name, date of birth, and address. You will also need to upload a document for verification, such as your residence card or driver's license.

After filling in your personal details, you will be asked to provide your address in katakana and a mobile phone number. The form will also inquire about your tax status and whether you require a margin trading or FX account. Review the information provided and proceed to the confirmation page. Finally, accept the terms and conditions, known as "moushikomi," after which Rakuten will send you a letter containing your account ID and password within one to two weeks. With this information, you can then proceed to buy and sell stocks on the platform.

- Important details for account setup and verification

Setting up a Rakuten broker account involves several essential steps for account creation and verification. To begin your application, you will need to visit Rakuten's website and click on the red button to open a new account for active brokerage. Upon doing so, you will be prompted to provide your email address, which initiates the application process. It's imperative to ensure that the email address used for the application is valid and accessible.

Furthermore, the application form requires you to input details such as your nationality, name, surname, given name, and the expiration date of your residence card. It's essential to accurately provide this information, as any disparities may lead to complications during the verification process. Subsequently, you will be asked to upload a document for verification, typically a residence card or driver's license, which necessitates uploading both the front and back of the document.

Moreover, the application requests the input of personal details such as gender, date of birth, address, mobile number, and other relevant information. Verification of this information is crucial to ensure the account's authenticity and compliance with regulatory requirements. Finally, after carefully reviewing and accepting the terms and conditions, the submitted application undergoes a verification process before the account is approved for trading.

Highlight

Opening a Rakuten broker account to buy and sell U.S. and Japanese stocks can be a straightforward process. Whether using a mobile device or a laptop, the application steps remain consistent. However, it's crucial to ensure that all information provided is accurate to avoid any delays in the account approval process. Upon successful application, Rakuten will communicate the account details, allowing users to start trading stocks easily.

FAQ

Q: What is Rakuten broker account and how is it useful for buying and selling stocks?

A: Rakuten broker account is a platform that allows users to buy and sell U.S and Japanese stocks. It provides a convenient way for individuals to invest in the stock market and manage their investment portfolios.

Q: What are the steps to apply for a Rakuten broker account?

A: The process begins with creating an account by providing personal details, including nationality, name, date of birth, address, and contact information. Additionally, users may need to submit identity verification documents, such as a driver's license or residence card. Once the account is created, users receive an account ID and password to start trading.

Q: Can the application process be completed on a mobile phone or laptop?

A: Yes, the account application can be initiated from a mobile phone or laptop. The process is demonstrated using a laptop in the video, but users can choose their preferred device for convenience.

Q: Are there any specific requirements for applying for a Rakuten broker account?

A: It's important to ensure that any submitted identity verification documents, such as a residence card, have a valid expiration date beyond a certain period. In the demonstration, it was noted that the verification was not accepted due to the imminent expiration of the residence card.

Q: What are the language options available during the application process?

A: The video tutorial mentions the availability of language settings to assist users in navigating the application process. Changing the language to English may be particularly helpful for non-Japanese speakers.

Q: What additional services can be selected during the application process?

A: Users have the option to apply for services such as the Rakuten FX account or margin trading account. These services offer extended functionalities for trading and managing investments. Users can choose to apply for these services based on their investment preferences.

Q: How long does it take to receive account details after application?

A: Upon successful completion of the application process, users can expect to receive account details within one to two weeks. The account details typically include an account ID and password, which are essential for accessing and utilizing the Rakuten broker account.

Q: Is it necessary to have prior stock trading experience to apply for a Rakuten broker account?

A: No prior stock trading experience is required to apply for a Rakuten broker account. The platform caters to both novice and experienced investors, offering a user-friendly interface and resources for individuals at various levels of investing knowledge.

Q: Where can I find additional information on how to buy and sell U.S stocks using the Rakuten broker account?

A: The video tutorial referenced in the blog post provides a comprehensive guide on how to buy and sell U.S stocks using the Rakuten broker account. Additionally, thorough instructions and demonstrations are available to assist users in navigating stock trading on the platform.

Conclusion

In conclusion, opening a Rakuten broker account is a straightforward process that can be easily done through the provided online platform. The steps to create an account were clearly outlined in the video, and the presenter also mentioned about the issuance of a letter containing the account ID and password following the completion of the application. Additionally, information regarding the potential to purchase and sell U.S stocks through the account was also highlighted. This tutorial can serve as a valuable resource for individuals seeking to venture into the world of stock trading using Rakuten.