WikiFX

Sagot

Based on my careful review of Rakuten Bank as a trading venue, I must highlight a few important risks before speaking about its features. In my experience, the broker's lack of regulation is a major red flag—an essential consideration for anyone trading or holding funds with a financial institution. As of now, Rakuten Bank is not regulated by any financial authority for forex or similar trading services, which means there is an inherent risk to both capital safety and dispute resolution in the event of an issue. Focusing on its offerings, Rakuten Bank is positioned primarily as a comprehensive digital bank rather than a specialized forex or CFD broker. It handles deposits, withdrawals, payments, remittances, and borrowing. In my research and interactions, I have not found robust information to suggest Rakuten Bank provides direct access to traditional forex trading instruments, CFDs, or a detailed, competitive fee system commonly found with globally recognized brokers. Their platform—the Rakuten Bank App—is focused on general banking rather than specialized trading tools. Given this, while Rakuten Bank seems to serve Japanese banking customers efficiently and boasts a large user base, as a trader, I personally require more specific instrument diversity, clear fee structures, and above all, regulatory security. In the context of trading, especially forex or derivatives, I’m very cautious about engaging with any provider that lacks strict regulatory oversight and detailed, transparent disclosures regarding trading conditions and costs. For me, safety and regulatory compliance are far more compelling than any purported advantage in instruments or fees.