Rakuten Securities to start offering demo trading on MARKETSPEED FX platform in June

Maria Nikolova

The Japanese retail FX broker will start accepting applications for demo accounts for MARKETSPEED FX on June 4, 2018.

Japanese retail Forex broker Rakuten Securities, a subsidiary of Rakuten Inc (TYO:4755), is making the next step towards enlarging its client base by offering trading in demo environment on its proprietary Rakuten FX platform, in particular – its desktop version MARKETSPEED FX.

Earlier today, the broker announced that demo trading on Rakuten FX will soon be available, as the company will start accepting applications for Rakuten FX demo accounts from June 4, 2018.

To apply for a demo account, traders have to enter their user name and email address from a form on Rakuten’s website. After that, they will receive an e-mail containing the login ID and password of the demo account. After the download of MARKETSPEED FX, they will be ready for FX Demo trading. The use of the platform will be free of charge and traders can use virtual funds of JPY 5 million.

Opening a Rakuten FX demo trading account is possible also for those that do not have an account with Rakuten Securities. Rakuten FX’s demo trading account is set to allow traders to make use of trading conditions similar to those in live environment.

Another of the online trading companies that is a part of the “Rakuten family” – Rakuten Securities Hong Kong Limited, also offers demo trading on Rakuten FX (and MARKETSPEED FX, in particular). The platform offers trading in a variety of currency pairs. The supported order types include: AS Streaming, Streaming, Stop, Limit, OCO, IFD, and IFO. There are also 40 indicators and fast one-click order execution.

The latest platform upgrade saw the addition of Reuters RSS news on MARKETSPEED FX, iSPEED FX and Rakuten FX Web. There is also greater margin flexibility. After the changes, only 1 side requires margin (an entry order does not require margin), whereas margin counts on the side that requires larger amount.

Japan’s Rakuten Securities plans more initiatives for owners of demo accounts for Rakuten FX, as trading contests are poised to launch in July.

Read this next

Retail FX

Weekly Roundup: John Oliver rips into MetaTrader, Binance to pay $10 billion

Welcome to this week’s roundup, where we delve into the latest developments in the Forex, Fintech, and cryptocurrency markets. Stay ahead of the curve with our comprehensive overview of the week’s most impactful events and trends across these dynamic sectors.

Retail FX

Lark Funding reopens to US traders, MyFundedFX picks cTrader

Canada-based prop trading firm Lark Funding announced it will once again welcome clients from the United States.

Institutional FX

Cboe FX volume falls to lowest level since summer

Cboe’s institutional spot FX platform, known as Cboe Spot, today announced its trading volume for the month ending February 2024, which took a step back after a strong rebound in December.

Retail FX

ThinkMarkets secures lucrative DFSA license in Dubai

Melbourne-based broker ThinkMarkets has secured a license from the Dubai Financial Services Authority (DFSA) after it has already incorporated its new subsidiary in the Dubai International Financial Center (DIFC).

Digital Assets

New Horizen Lays Out Its Vision Of A Modular, Proof Verification Layer For Web3 Networks

Horizen is forging a new path for the future of blockchain with its New Horizen initiative, which is building a modular Proof Verification layer that’s dedicated to verifying cryptographic proofs for any settlement layer, beginning with Ethereum. 

Digital Assets

Karma3 Labs Raises a $4.5M Seed Round Led By Galaxy and IDEO CoLab to Build OpenRank, a Decentralized Reputation Protocol

Using OpenRank, developers and web3 companies can build consumer apps where people can discover, use, fund, read, or buy something on-chain without worrying about getting spammed or scammed.

Digital Assets

Worldcoin down as Elon Musk sues OpenAI CEO Sam Altman

Worldcoin’s (WLD) token dropped following news of a lawsuit against related company OpenAI. The lawsuit was filed by Elon Musk and accused OpenAI and CEO Sam Altman of breach of contract.

Institutional FX

Exegy’s Liquidity Lamp adds intraday data to outperform S&P 500 by 31.8%

Exegy has incorporated intraday signals into its AI-powered iceberg order detection tool, Liquidity Lamp. By adding intraday data to a baseline mean reversion strategy, Exegy’s model outperformed the baseline by 10.5% and the S&P 500 (SPY) by 31.8%, respectively in the out-of-sample testing.

Industry News

Think Elon Musk backed your crypto exchange? ASIC’s latest reveal may shock you

In an absolutely shocking turn of events that nobody could have possibly seen coming, the Australian Securities and Investments Commission (ASIC) has bravely stepped forward to reveal that, yes, those videos of Elon Musk passionately endorsing a cryptocurrency exchange are as fake as a three-dollar bill.

<