Surge in new trading accounts during MCO period

TheStar Sat, May 23, 2020 08:10am - 3 years View Original


Surge in new trading

RAKUTEN Trade Sdn Bhd, Malaysia’s only fully digital equities broker, reported a surge in account openings during the movement control order (MCO) period in the midst of the Covid-19 crisis.

More than 11,000 new accounts were activated, which was also a 100% month-on-month increase, out of which more than 64% were during the first phase of the MCO period alone.

Because of this, Rakuten Trade has turned into the black ahead of its third anniversary of operations in Malaysia.

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