First in Malaysia: Rakuten Trade Now Offers US Trade Amalgamation
Rakuten Trade has blazed a new path for the local stockbroking industry, pioneering US trade amalgamation in Malaysia — a new feature that automatically combines your buy or sell trades of the same US stock within the same trading day.
This allows you to capture opportunities without breaking a sweat over multiple fees.
What Is Amalgamation?
In trading, amalgamation is a process where multiple buy or sell orders for the same stock, placed on the same trading day, are combined into a single transaction for settlement purposes. Instead of being charged separately for each order, you will be charged a single brokerage fee based on the total amalgamated trade volume.
How Does It Benefit You?
- Lower Trading Costs – By consolidating your trades into one transaction, you can save money on brokerage fees.
- Simplified Portfolio Management – Your trade records become cleaner, as multiple trades of the same stock appear as a single transaction in your settlement records.
But how does amalgamating your trading fees save you on brokerage fees? When trading in USD, Rakuten Trade’s brokerage fees are as below:
You only need to pay 0.1% of your trading value, capped at USD25, and with the US amalgamation feature, you’re charged once per day only, no matter how many buy trades you make
Simulation
Here's an example of amalgamation in action (USD Settlement):
| You Trade On | Stock | Action | Quantity | Share Price (USD) |
Trading Value (USD) |
Brokerage (USD) |
| Monday | Stock A | BUY | 120.00 | 240.00 | 28,800.00 | 25.00 |
| Monday | Stock A | BUY | 100.00 | 250.00 | 25,000.00 | 25.00 |
| Monday | Stock A | BUY | 110.00 | 245.00 | 26,950.00 | 25.00 |
| Monday | Stock A | BUY | 140.00 | 235.00 | 32,900.00 | 25.00 |
| Total Brokerage Paid Without Combining The Trading Values | USD100.00 | |||||
| Monday | Stock A | Amalgamate | 470.00 | 241.81 | 113,650 | 25.00 |
| Total Brokerage Paid AFTER Combining The Trading Values | USD25.00 | |||||
*Currency exchange rate USD1 = RM4.50
In this scenario above, investors save USD75 in brokerage fees from just four trades. You can save even more if you buy the same stock multiple times in a day, because you’ll only be charged USD25 once for all buy trades made on that day
Who Can Benefit From This Feature?
This feature is ideal for:
- Day traders who frequently scale into or out of positions throughout the day.
- Casual investors who want flexibility without worrying about multiple brokerage fees.
- Market watchers who buy dips or sell at peaks multiple times a day, especially during periods of increased volatility like financial earnings.
Things To Keep In Mind
- US trade amalgamation only applies to the same stock bought or sold on the same trading day.
- The consolidated price will be calculated based on the weighted average price of all trades.
New To US Markets?
If you have not made your first trade on NYSE/NASDAQ, debut now and get RM1 brokerage for up to 3 months! Plus, this promotion stacks with Rakuten Trade’s US trade amalgamation, which means you can buy the same stock as many times as you want in a day and pay only RM1. The same applies to your sell brokerage.
With access to fractional trading and Raku-Invest as well, the barrier to entry has never been lower for retail investors to dip their feet in the US markets.
