SBI and Rakuten cut US-share margin fees, with financing relief tied to day trades

SBI Securities and Rakuten Securities announced zero US-share margin commissions for covered accounts from November, alongside zero interest and stock-borrow charges on same-day positions.[1][2]

SBI’s 16 October release applies to its Internet course from US executions on 2 November, corresponding to domestic booking on 4 November. No campaign enrolment is required. It will initially reimburse the relevant charges through cashback until systems support direct free treatment.[1]

Rakuten’s notice, dated 15 October, starts at 18:00 Japan time on 2 November, also booked domestically on 4 November. Its day-trade test uses the US execution date. Positions carried into the next US business day retain ordinary financing charges; where only part is closed, the remaining portion stays chargeable.[2]

Account scope also matters. Rakuten’s intermediary accounts on Course B or C receive zero commissions, while Course A retains its normal tariff. The day-trade interest and stock-borrow reduction applies across all those courses.[2]

SBI also plans 23-hour US-share trading from 6 December US time, extending access across more of the Japanese day.[1]

For an active trader, the new terms change the cost of completing a round trip, while leaving a different calculation for keeping exposure open. Comparing brokers requires matching the account’s tariff to the intended trading pattern and the point at which a charge is deducted or returned. A zero advertised rate can still involve temporary use of cash before reimbursement.

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