Japan’s Rakuten Securities enhances trading conditions on MARKETSPEED platform

Maria Nikolova

The latest version of the platform removes usage fees for all users, regardless of trading turnover and account balance.

Japanese online trading company Rakuten Securities, a subsidiary of Rakuten Inc (TYO:4755), has just rolled out a new version (16.72) of its MARKETSPEED platform, with the updated solution offering improved trading conditions.

The latest versions of MARKETSPEED and MARKETSPEED II come with no usage fees for all users of the platforms. Previously, the platforms offered free of charge use to traders who complied with a range of requirements – for instance, certain account balance and trading turnover. Now, all these conditions are off. But traders who want to make use of the new conditions need to upgrade the platform to the newest version and to apply for a MARKETSPEED account.

The brokerage launched MARKETSPEED II in October last year. The platform was originally set to be released on September 30, 2018 but then the launch was rescheduled for October 14, 2018, and, after that, the launch was rescheduled again – this time for October 28, 2018. The company has explained that the delays reflect the need to improve and strengthen the functionalities of the platform in response to customers’ requests and comments.

Speaking of what Rakuten Securities is offering to traders, let’s note that, as previously guided, the brokerage made trailing orders available to FX traders effective June 22, 2019. The new order type is available to users of all versions (desktop, mobile, etc) of Market Speed FX, FX-WEB and iSPEED FX.

A sell trailing stop order sets the stop price at a fixed amount below the market price with an attached “trailing” amount. If the market price rises, the stop price rises by the trail amount. If the security’s price declines, the stop loss price does not change, and a market order is submitted when the stop price is hit.

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