Higher Rated
Forex.com
Capital at risk · T&Cs apply
In this comparison of Forex.com and Rakuten Securities, we explore two distinct brokerage options catering to different types of traders. Forex.com, with a rating of 4.4/5, is well-suited for international traders seeking a broad range of markets, including forex, CFDs, and cryptocurrencies, complimented by platforms like MT4 and MT5. On the other hand, Rakuten Securities, rated 3.42/5, appeals primarily to Japanese traders and those leveraging the Rakuten ecosystem, offering zero-commission stocks and ETFs with a focus on the Japanese market. The key difference lies in their geographical focus and market offerings, with Forex.com providing extensive global reach and Rakuten Securities excelling in localised Japanese services.
Forex.com
Rakuten Securities
| Forex.com | Rakuten Securities | |
|---|---|---|
| BrokerRank Score | 4.4/5 ✓ | 3.4/5 |
| Min. Deposit | $100 | $0 ✓ |
| Spread from | 0.8 pips | 0 pips ✓ |
| Max Leverage | 1:200 ✓ | 1:3 |
| Regulation | FCA, CFTC, ASIC ✓ | FSA |
| Platforms | MT4, MT5, Proprietary Web | Proprietary Web, Proprietary Mobile, MarketSpeed II |
Forex.com is the better choice overall, scoring 4.4/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Rakuten Securities offers lower spreads (0 pips).
See full side-by-side comparison belowForex.com
Rakuten Securities
Forex.com
Rakuten Securities
Lower feesForex.com is a well-established broker regulated by several top-tier regulatory bodies, including the Financial Conduct Authority (FCA) in the UK, the Commodity Futures Trading Commission (CFTC) in the US, the Australian Securities and Investments Commission (ASIC), and the Monetary Authority of Singapore (MAS). This extensive regulatory oversight ensures a high level of safety for client funds, with stringent compliance requirements and fund protection schemes in place. As part of the publicly listed StoneX Group, Forex.com provides an additional layer of transparency and financial stability.
Rakuten Securities, headquartered in Tokyo, is regulated by the Financial Services Agency (FSA) of Japan, which is known for its rigorous standards and investor protection measures. While the FSA regulation provides a robust safety net for Japanese clients, the broker's focus on the Japanese market may limit its appeal to international traders seeking broader regulatory assurances. However, the integration of Rakuten Points offers a unique value proposition within the Rakuten ecosystem.
Forex.com offers competitive spreads starting from 0.8 pips across major forex pairs, with no commission fees on transactions, making it an attractive option for cost-conscious traders. The minimum deposit requirement is $100, which is accessible for most retail traders. However, the broker does charge an inactivity fee, so active trading is encouraged to avoid additional costs. The maximum leverage offered is 1:200, allowing traders to amplify their positions significantly.
Rakuten Securities stands out with spreads starting from 0 pips, particularly appealing for forex traders seeking the tightest spreads possible. Like Forex.com, Rakuten Securities charges no commission fees, further enhancing its cost-effectiveness. With no minimum deposit, it provides a low barrier to entry for new traders. However, leverage is capped at 1:3, which may be restrictive for those looking to maximise their trading potential, especially in markets outside Japan.
Forex.com offers a variety of platforms, including the popular MetaTrader 4 and 5, as well as its proprietary Web and Mobile platforms. This range provides flexibility and caters to different trading styles, from algorithmic to manual trading. Rakuten Securities, on the other hand, provides its proprietary Web and Mobile platforms, along with MarketSpeed II, which is highly regarded for its advanced charting tools and real-time data, though primarily tailored for Japanese users.
Forex.com emerges as the better choice for beginners due to its extensive global presence and comprehensive market offerings. For professionals, Forex.com's higher leverage and diverse platform options make it the superior choice. In terms of fees, Rakuten Securities provides a more cost-effective solution with zero commission and no minimum deposit.
Forex.com
4.4/5
Choose Forex.com if you want…
Rakuten Securities
3.4/5
Choose Rakuten Securities if you want…
Forex.com scores higher overall on our independent rating system. Forex.com holds a 4.4/5 rating vs Rakuten Securities's 3.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Forex.com offers spreads from 0.8 pips, while Rakuten Securities starts at 0 pips. Check the fees section above for a full breakdown.
Forex.com requires a minimum deposit of $100. Rakuten Securities requires $0.
Forex.com is regulated by FCA, CFTC, ASIC, MAS, while Rakuten Securities holds licences from FSA.
Forex.com supports MT4, MT5, Proprietary Web, Proprietary Mobile. Rakuten Securities supports Proprietary Web, Proprietary Mobile, MarketSpeed II.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.