Forex Rakuten Bank Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.4

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.6

Business 0.9

Risk Control 1.2

Software 1.9

Regulatory 1.4

Terminal Snapshot

Rakuten Bank Trading Conditions

Registered Region Japan

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email N/A

Contact Number N/A

Website www.rakuten-bank.co.jp

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments including Forex, commodities, indices, stocks, and cryptocurrencies
User-friendly account types tailored for beginners and experienced traders
Multiple trading platforms available: MT4, MT5, Web version, and mobile app
Competitive trading fees with tight spreads for major Forex pairs
24/5 customer support through various channels, including email and live chat

Cons

Not regulated by recognized financial authorities
Limited investor protection measures
Potential risks of fraud or financial loss
Lack of comprehensive educational resources
Customer support primarily available in Japanese

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Rakuten Bank	FXTF	Phillip	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	Japan	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.4/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Rakuten Bank Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners and casual traders	Low entry barriers, user-friendly interface	Suitable for small capital practice
Professional Account	Experienced traders	Access to advanced tools, higher leverage	Requires trading volume qualifications
Demo Account	New traders and those testing strategies	Risk-free environment for practice	No capital required

Account Opening Process

To open an account with Rakuten Bank, users must follow a series of steps. Initially, they need to submit personal information, including identity verification documents such as an ID and proof of address. Additionally, employment and financial information will be necessary to complete the process. Importantly, users have the flexibility to upgrade to a professional account later on, depending on their trading needs and qualifications.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	0.8	$0	Tight spreads for major pairs
CFDs (Stocks)	1.0	$0	Competitive pricing for stock CFDs
Cryptocurrencies (BTC/USD)	1.0%	0.1%	Variable based on market conditions

Other Fees

In addition to trading fees, users should be aware of various other costs associated with their accounts. These may include deposit and withdrawal fees, inactivity fees for dormant accounts, and platform usage fees if applicable. Moreover, overnight interest (swap rates) may apply to positions held overnight, and currency conversion fees could be incurred for transactions involving different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Rakuten Bank User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Taro Yamada

Tokyo

★ ★ ★ ★ ★

I had a terrible experience with Rakuten Bank. The withdrawal process took much longer than expected, and customer support was unhelpful. I felt stranded and frustrated. I wouldn’t recommend this bank to anyone.

Sakura Tanaka

Osaka

★ ★ ★ ★ ★

While the trading platform is user-friendly, I encountered issues with fund withdrawals. It took days to process my request, and I struggled to get timely assistance from customer support. Overall, I’m quite disappointed.

Kenji Saito

Nagoya

★ ★ ★ ★ ★

Rakuten Bank has a solid trading platform with competitive fees. I appreciate the variety of trading instruments available. My only concern is the limited support availability, but I managed to find most of what I needed on the website.

Yuki Suzuki

Fukuoka

★ ★ ★ ★ ★

I love trading with Rakuten Bank! The platforms are intuitive, and I enjoy the functionality of both MT4 and mobile app. Deposits are instant, and the overall experience has been positive. Highly recommended for traders looking for a reliable option.

Japan Market