Rakuten Trade Referral Code BURSA88
Sign up via the BursaNews referral link, or enter code BURSA88 manually. Rakuten Trade is known for flat, capped Bursa brokerage starting from RM1 and fully digital account opening.
- Promo Code
- BURSA88 (optional)
- How to Claim
- Link or code BURSA88
- Bursa Brokerage
- RM1 – RM100 (flat, tiered)
- Markets
- Bursa MY, US, HK
- Regulation
- SC Malaysia
- Custodian
- Kenanga Investment Bank
- CDS Opening Fee
- Free (per fees page)
- Share Reward
- None listed (NVDA campaign ended 30 Sep 2026)
Option 1 — Use the Link
Tap the sign-up button on this page. Your "How did you hear about us?" field is pre-filled automatically — nothing to type.
Option 2 — Enter the Code
Sign up directly at rakutentrade.my, select Educator under "How did you hear about us?", and enter BURSA88.
SC Malaysia Licensed
A joint venture between Rakuten Securities Japan and Kenanga Investment Bank, regulated by the Securities Commission Malaysia.
Low Flat Bursa Fees
Flat brokerage from RM1, capped at RM100 per trade above RM100,000.
Fast Digital Onboarding
Fully online account opening, no branch visits. Rakuten Trade says accounts are usually activated within about an hour of a successful submission.
How Rakuten Trade Is Regulated
Rakuten Trade Sdn Bhd is a joint venture between Rakuten Securities Inc. (a subsidiary of Japan's Rakuten Group) and Kenanga Investment Bank Berhad. It is regulated by the Securities Commission Malaysia (SC) under a Capital Markets Services Licence.
Client funds are held separately from Rakuten Trade's own finances through Kenanga Investment Bank as custodian, and your CDS (Central Depository System) holdings for Bursa Malaysia stocks are protected under Bursa Malaysia's own depository framework — the same protection that applies across all Bursa-regulated brokers.
Rakuten Trade Fees
Rakuten Trade uses a flat, capped brokerage structure for Bursa trades rather than a straight percentage, which keeps costs low on small and mid-size trades.
| Trade Value | Brokerage Fee |
|---|---|
| RM0 – RM100.00 | RM1.00 |
| RM100.01 – RM9,999.99 | RM2.88 |
| RM10,000.00 – RM99,999.99 | 0.1% of trading value |
| Above RM100,000 | RM100.00 |
Plus Bursa Malaysia's clearing fee (0.03%, up to RM1,000 per contract) and government stamp duty (RM1 per RM1,000 of contract value, up to RM1,000 for shares and RM200 for rights, warrants and REITs), which apply whichever broker you use. Since 1 October 2025, 8% SST applies to brokerage on Bursa trades in REITs, ETFs, rights, warrants and structured warrants. US stock brokerage is 0.1% of trading value, minimum USD0.88 and maximum USD25. Source: rakutentrade.my/fees, checked 4 October 2026. Always confirm live rates before trading.
Rakuten Trade: Strengths and Watch-outs
✓ Where Rakuten Trade wins
- Very low flat brokerage for small-to-mid-size Bursa trades: RM1 up to RM100, RM2.88 up to RM9,999.99
- Fully digital account opening, no paperwork or branch visits
- Backed by Kenanga Investment Bank — an established, long-standing Malaysian investment bank
- Now supports US stock trading with fractional shares, plus Hong Kong market access
- RT Points loyalty programme — earn points on every trade, redeemable for travel and lifestyle rewards
- CDS account opening fee listed as free on Rakuten Trade's fees page
⚠ What to know before signing up
- No AI research tools or advanced screener compared to moomoo — the platform is built for cost efficiency, not feature depth
- Promotions change often. The NVDA share campaign ended on 30 September 2026, so check the official offers page for what is running when you sign up
- Best suited to Bursa-focused investors; if US markets are your main focus, Webull or moomoo currently offer stronger US-specific promotions
How to Sign Up for Rakuten Trade
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Start Your Sign-Up — Link or Code
Tap the BursaNews referral link on this page, which pre-fills "How did you hear about us?" automatically. Or go directly to rakutentrade.my, select Educator, and enter code BURSA88 manually.
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Register Your Account
Enter your Malaysian mobile number and email, then set a secure password to create your Rakuten Trade account.
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Complete Digital Verification
Upload your Malaysian NRIC (front and back) for identity verification. The process is fully online.
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CDS Account Setup
Your CDS (Central Depository System) account for holding Bursa Malaysia stocks is set up as part of the registration flow. New to this? Read what a CDS account is, or our IPO Pink Form guide if you are applying for a staff IPO allocation.
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Fund Your Account
Deposit via online banking transfer from a bank account in your own name. Check Rakuten Trade's official offers page for any new-trader promotion running when you sign up.
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Start Trading
Once approved and funded, you can trade Bursa Malaysia stocks at Rakuten Trade's low flat brokerage rates, plus US and Hong Kong stocks from the same account.
Frequently Asked Questions
Does Rakuten Trade have a promo code?
Yes. BursaNews' code is BURSA88. You can either sign up via the BursaNews referral link above, which pre-fills the "How did you hear about us?" field automatically, or sign up directly at rakutentrade.my, select "Educator" under "How did you hear about us?", and enter BURSA88 manually.
What are Rakuten Trade's brokerage fees?
For Bursa trades: RM1 up to RM100, RM2.88 from RM100.01 to RM9,999.99, 0.1% from RM10,000 to RM99,999.99, and RM100 above RM100,000 (official fees page, checked 4 October 2026). Stamp duty and clearing fees apply separately and are the same across all brokers.
Is Rakuten Trade regulated and safe?
Yes. Rakuten Trade Sdn Bhd is a joint venture between Rakuten Securities Inc. (Japan) and Kenanga Investment Bank Berhad, and is regulated by the Securities Commission (SC) Malaysia. Client funds are held with Kenanga Investment Bank, and CDS holdings are protected under Bursa Malaysia's depository system.
Can I trade US stocks on Rakuten Trade?
Yes. Rakuten Trade added US stock trading with fractional share support, alongside its core Bursa Malaysia offering and Hong Kong market access, all from one account.
Does Rakuten Trade have a welcome campaign right now?
The earlier Welcome Campaign with Nvidia (NVDA) share rewards ended on 30 September 2026. When we checked on 4 October 2026, Rakuten Trade's official offers page listed RM0 brokerage on a new trader's first Bursa trade plus brokerage rebates, with T&Cs. Check rakutentrade.my for the current terms before you sign up.
How does Rakuten Trade compare to Moomoo and Webull?
Rakuten Trade wins on ongoing Bursa Malaysia trading costs — its flat, capped fee structure is hard to beat for regular Bursa investors. Moomoo and Webull offer larger welcome rewards and more built-in research tools (like Moomoo AI), but at standard post-promo commission rates. See the full comparison →