- Introduction

Are you interested in trading U.S. stocks and want to know how to register for a Rakuten Trade account? In this detailed guide, I will walk you through the step-by-step process of setting up your Rakuten Trade account and enabling foreign trading services. Additionally, I will explain how to deposit funds, withdraw money, and even secure a free U.S. share worth up to $20 when using a referral link. This comprehensive guide will help you navigate the complexities of setting up and managing your Rakuten Trade account, making it easier for you to begin trading confidently.

The process begins by selecting the appropriate account type based on your needs, and then proceeds with filling in basic personal and financial information. I will guide you through this crucial step, providing clarity on each detail and addressing potential issues you may encounter. The guide also covers the activation of the foreign trading service, allowing you to trade U.S. stocks seamlessly. Furthermore, I will demonstrate how to deposit and withdraw funds, ensuring that you have a comprehensive understanding of managing your account effectively. Stay tuned for detailed instructions on the entire process, enriching your experience with Rakuten Trade.

- Setting up your Rakuten Trade account

Setting up your Rakuten Trade account is a straightforward process that can be completed online. When you begin the registration process, you will be prompted to choose an account type. For new investors or those specifically interested in trading stocks, selecting the "cash upfront" account, denoted by its yellow color, is suitable. Following this, you will be required to provide personal details such as your name, nationality, and residency status, as well as upload your identification card front and back.

Additionally, you will need to fill in personal information including contact details and email. It's essential to select security questions and ensure you remember the login credentials to your email, as Rakuten will send a verification email. The following steps involve inputting your financial information and declaring tax compliance. After submitting your application, you will receive further instructions via email to verify and activate your account. Following the successful activation of your account, you will gain access to the trading portal where you can start exploring and using your cash upfront account for trading.

By following these steps, you can successfully set up your Rakuten Trade account and begin your investing journey.

- Enabling foreign trading services

To enable the foreign trading service, log in to your Rakuten trade account dashboard and click the "Apply Now" button at the bottom left. When asked if you wish to upgrade, choose "yes." This will lead you to a page where you need to input specific details. If you currently have domestic ringgit borrowing, such as a house or car loan in Malaysia, select "yes," or choose "no" if you don't. Tick the box for U.S tax withholding and reporting, which is the standard W8 BEN form required for US stock trading. Enter your 6-digit trading pin and click submit. Once completed, you have successfully requested the foreign trading service. It typically takes about three US working days to process the request.

Following the request, you will receive an email from Rakuten confirming the activation of your foreign trading account. This email serves as notification, indicating that your foreign trading service is ready for use. Rakuten will notify you once the foreign trading service is fully operational, and you can then proceed with trading US stocks through your Rakuten trade account.

- Depositing funds into your account

To deposit funds into your Rakuten Trade account, start by clicking on the "My Account" tab at the top and select "Cash Deposit." You'll then be presented with two deposit methods: online and offline. Opt for the online method for a quicker and more convenient process. When choosing the online method, you can transfer funds using internet banking through FPX. It's important to note that Rakuten Trade only accepts funds from your own bank account or a bank account registered with them.

After selecting the online transfer option, choose your bank and proceed with the transaction as you would for any online banking transfer. Once the transfer is completed, you will receive a confirmation message and the funds should appear in your Rakuten Trade account. By choosing the online deposit method, you'll be able to conveniently and efficiently add funds to your account, ensuring that you're ready to engage in trading activities promptly.

- Withdrawing funds from your account

Withdrawing funds from your Rakuten Trade account is a simple and straightforward process. To initiate a withdrawal, go to the "My Account" tab, and then click on the "Cash Withdrawal" tab. Once on this page, enter the amount you wish to withdraw in Malaysian Ringgit from your Rakuten account. After entering the amount, click on "Confirm." Next, you will be prompted to input your six-digit trading pin and then click "Submit."

Upon successful submission, your cash withdrawal request will be processed. Depending on the timing of your request, you can expect the funds to arrive in your designated bank account within a few hours on a typical weekday. If the request is submitted on a non-business day, anticipate the funds to arrive on the next business day. It's important to note that withdrawn funds are typically swiftly transferred, providing quick access to your money when needed.

Rakuten Trade's user-friendly platform ensures a seamless fund withdrawal experience, allowing investors to efficiently manage their finances and access their capital as necessary.

- Conclusion

In conclusion, the process of registering for a Rakuten Trade account and enabling foreign trading services is a straightforward and relatively simple process. From selecting the account type, filling in personal information, and verifying your email and account, the steps are methodically detailed in the video. The activation of the foreign trading service involves a waiting period of approximately three working days upon submitting the upgrade request, following which users receive confirmation via email. Once the account is active, users can proceed with funding their account using the online deposit methods available on the platform, and withdrawing funds is equally convenient and efficient.

Rakuten Trade offers a user-friendly interface and a seamless experience for users interested in trading US stocks. The platform's step-by-step guidance, combined with the narrator's additional tips and insights, ensures that users can navigate the process with ease. As the financial landscape continues to evolve, platforms like Rakuten Trade provide individuals with accessible tools to engage in international trading and potentially diversify their investment portfolios.

Overall, the video serves as a valuable resource for individuals seeking to understand and navigate the process of setting up and using a Rakuten Trade account for trading US stocks.

Highlight

In this video, the creator provides a step-by-step guide on how to register a Rakuten Trade account, enable foreign trading services, deposit funds, and withdraw money. The video is a detailed walkthrough of the registration process for a cash upfront account on Rakuten Trade's website. It emphasizes the importance of filling in accurate personal and financial information and covers how to activate the account after receiving verification emails. Additionally, the creator shows how to enable foreign trading services, deposit money into the account, and withdraw funds. The video is a thorough resource for individuals looking to start trading U.S. stocks on Rakuten Trade.

FAQ

Q: How do I register for a Rakuten Trade account?

A: To register for a Rakuten Trade account, you can start by clicking on the referral link provided, which will redirect you to the account registration page. You will need to fill in your basic information, personal details, and financial information as required on the registration page.

Q: How do I enable the foreign trading service on Rakuten Trade?

A: Once you have registered for a Rakuten Trade account, you can enable the foreign trading service by logging into your account dashboard and clicking on the "apply now" button at the bottom left of the page. You will then need to fill in the required information to request the foreign trading service.

Q: How can I deposit money into my Rakuten Trade account?

A: Depositing money into your Rakuten Trade account can be done by logging into your account and selecting the "cash deposit" option under "my account." From there, you can choose between online and offline deposit methods. For online deposits, you can proceed with the online transfer process using your preferred bank's online banking service.

Q: How can I withdraw money from my Rakuten Trade account?

A: Withdrawing money from your Rakuten Trade account involves accessing the "cash withdrawal" tab under the "my account" section. There, you can enter the amount you wish to withdraw in ringgit, confirm the withdrawal, and proceed to authenticate the transaction with your six-digit trading pin.

Q: What is the timeline for account activation and service enablement on Rakuten Trade?

A: After completing the registration and service enablement requests, you can expect to receive verification and activation emails from Rakuten Trade within a few working days, typically around 3 US working days for foreign trading service activation. Once activated, you can start utilizing your Rakuten Trade account and its services.

Q: Can I receive a free US share when registering through the referral link?

A: Yes, by using the referral link provided in the video, new users will be eligible to receive one free US share worth up to $20, along with Rakuten Trade points to offset brokerage fees. This promotional offer is available for users who sign up using the referral link.

Conclusion

In conclusion, setting up and managing a Rakuten Trade account for trading U.S. stocks involves a series of steps. You'll need to register, enable foreign trading services, deposit funds, and withdraw money when you need it. The process is relatively straightforward, but it's essential to pay attention to the details and ensure that all the required information is accurately provided. Once your account is set up, you can start your investment journey and explore the world of trading. Just remember to stay informed, keep learning, and make well-informed decisions when it comes to managing your investments.