Named as world’s third largest retail Forex broker in the latest Quarterly Intelligence Report by Finance Magnates
TOKYO, April 17, 2017 – Rakuten Securities, Inc. (“Rakuten Securities”), a wholly owned subsidiary of Rakuten, Inc., a leader in global innovation headquartered in Japan. In the period between October and December 2016, the company achieved a trading volume of US$269.4 billion in Forex distinguished itself among other counterparts in Japan, ranked as the world’s third largest retail broker in the Q4 2016 Quarterly Intelligence Report by Finance Magnates published on March 6, 2017.
Since beginning forex trading under the name “Rakuten FX” in June 2008, Rakuten Securities has worked to improve its service by expanding the range of available currency pairs, drastically minimizing the spread on trades and developing forex-specific trading tools such as “MARKETSPEED FX.”
Rakuten Securities has further driven growth in trading volume through such initiatives as the acquisition of FXCM Japan Securities in 2015 and establishing subsidiaries in Hong Kong and Australia. Rakuten Securities’ increased popularity and subsequent rise to become the world’s third biggest forex trading broker, according to the Q4 2016 Report of Finance Magnates, is a result of these actions.
Rakuten Securities will continue to strive for the further expansion of its client base and the improvement of customer satisfaction with retail forex trading as one of its core businesses.
About Finance Magnates
Finance Magnates (formerly: Forex Magnates) is the world’s only multi-asset online/electronic trading knowledge hub. Using a powerful triangle of news, research and events, Finance Magnates literally caters for the needs of the entire global trading industry. Founded in 2009 by Michael Greenberg, and initially focused on the Forex B2B sphere, Finance Magnates has grown to offer a one-of-a-kind knowledge opportunity for industry professionals and trading savvies alike.
About Rakuten Securities
Rakuten Securities, Inc. is a wholly owned subsidiary of Rakuten, Inc. Launched in June 1999 the company has grown to one of the largest online brokerage houses. Rakuten Securities provides comprehensive financial brokerage services with wide range of asset products; including domestic and international cash equities, forex, derivatives commodities, bonds, investment trusts and ETF’s.
(Prss Release by Rakuten Securities, Inc.)