KUALA LUMPUR: The only fully digital equities broker in Malaysia, Rakuten Trade Sdn Bhd (Rakuten Trade) was among three companies to receive accolades from the Securities Commission of Malaysia (SC) for its role in educating retail investors and enhancing investment growth.
Rakuten Trade’s contribution to financial literacy relating to digital equities trading was recognised by SC at its annual investor education flagship event, InvestSmart Fest 2019 (ISF 2019).
Rakuten Trade was the recipient of the ‘Digitalising Services for Retail Participation Award’ for its efforts in providing retail investors with an easy-to-use digital equities trading platform from account opening, execution, settlement of trade, research and trading ideas, as well as rewards and financial knowledge. The platform has spurred a keen interest among many first-time investors to start trading shares.
In a statement, Rakuten Trade managing director Kaoru Arai commented: “It is such an honour to be recognised by the SC for our efforts as a relatively young FinTech company. The award is testament to the fact that younger Malaysian retail investors are open to digital equity trading that is simplified and convenient.”
Since its launch in 2017, Rakuten Trade has been disrupting the way investors buy and sell shares on Bursa Malaysia. To-date, it has generated more than RM6 billion in trading value in Bursa Malaysia, activating more than 40,000 clients of which more than 70 per cent have had less than three years trading experience. It also has an in-house Research Team, that releases concise research reports daily, to cater to its clients’ needs.
ISF 2019 was launched by Minister of Domestic Trade and Consumer Affairs Datuk Seri Saifuddin Nasution Ismail. Themed ‘Invest Smart-Bijak Labur’, ISF 2019 saw the participation of capital market institutions, associations, industry players and relevant agencies to heighten awareness on investment opportunities available in the Malaysian capital market.