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Monex Securities share trading review

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Important information. Monex Australia is pending closure and transferring all eligible stock holdings and customer balances to Phillip Capital.
Monex Share Trading - Discontinued

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Standard brokerage fee
US$0
Available markets
ASX, NASDAQ, NYSE, Hong Kong Stock Exchange, Shanghai Stock Exchange, Tokyo Stock Exchange, Singapore Exchange, and more
Support
Phone, Email

Summary

Trade stocks and ETFs from 12 global markets, plus pay $0 brokerage for US stock trades.

Monex Securities is a relatively affordable broker that trades in multiple currencies and countries, meaning it will appeal to a majority of investors looking to expand their trading portfolio across multiple markets supported through one central platform.

In this guide

  • Review
  • Details
    • Product details
  • Your reviews
  • Ask an expert

Details

Product details

Type of broker Online
ASX products Shares, Exchange traded funds
Available markets ASX, NASDAQ, NYSE, Hong Kong Stock Exchange, Shanghai Stock Exchange, Tokyo Stock Exchange, Singapore Exchange, and more
Standard brokerage fee US$0
Support Phone, Email

What can you trade with Monex?

Monex Securities is a share trading platform that allows you to trade both domestic and international securities from either your phone or computer.

The online platform as well as the iOS and Android apps allow you to access and trade across over 70% of the global market cap while offering $0 brokerage on US and Hong Kong markets. You can trade with the following 12 countries:

  • United States
  • Hong Kong
  • China
  • Taiwan
  • Japan
  • Singapore
  • South Korea
  • Malaysia
  • Indonesia
  • Thailand
  • Philippines
  • Australia

While the broker allows access to various countries around the world through its shares, exchange traded funds (ETFs), listed investment trusts (LITs), listed investment companies (LICs) and real estate investment trusts (REITs), you won't be able to trade forex or CFDs through Monex Securities.

Key features

Multi-currency: If you sign up with Monex, you'll be able to trade in various currencies including AUD, USD, HKD, RMB, SGD and JPY.

FX Advantage: Monex does not automatically transfer sales into Australian dollars. FX Advantage means that proceeds of any sale are held in the settlement currency of each market instead of being automatically converted back into AUD. For example, if you sell a share in Japan, your funds will be transferred to the Japanese yen. If you were to buy another share in Japan, you would save on the forex fee because of this process.

Currency flexibility: You can trade in any currency that Monex supports. That means, for example, you can buy US shares using Australian currency. However, you will be charged a forex fee.

Multi-market trading: Access exchange listed securities in 12 international stock trading markets across Asia and the United States, covering over 70% of global market capitalisation.

Multi-market watchlist: ​​You can also add stocks from 12 international markets into one watchlist, making it easier for you to find the best opportunity for you at that time.

Trading ideas and tools: Monex gives access to trading tools, including technical analysis on almost every financial instrument across the 12 markets it gives access to.

App and desktop: Monex offers a mobile app platform with over 50,000 global listed companies from either your phone or computer.

What does Monex Securities charge?

Monex fees vary greatly depending on what country you are trading.

Monex brokerage fees
United States (NYSE, NASDAQ)FreeUSD
Australia (ASX)0.132% (Min AUD 19.95) for ASXAUD
Japan (TSE)0.10% (Min. JPY2,000)JPY
Hong Kong (HKEX)FreeHKD or USD or RMB
China (SSE, SZSE via Hong Kong Stock Connect)0.10% (Min. RMB88)RMB
China B (SSE)0.25% (Min. USD10)USD
China B (SZSE)0.25% (Min. HKD80)HKD
Taiwan (TWSE)0.20% (Min. NTD400)USD
Korea (KRX)0.30% (Min. KRW15,000)USD
Indonesia (IDX)0.25% (Min. IDR200,000)USD
Malaysia (MYX)0.25% (Min. MYR80)USD
Philippines (PSE)0.30% (Min. PHP500)USD
Singapore (SGX)0.25% (Min. SGD25 or HKD120 or USD18)SGD
Thailand (SET)0.30% (Min. THB300)USD

Is Monex Securities safe for beginners?

Despite so many options potentially being overwhelming for beginners, Monex is safe to use with many of the same features you would expect to see from its competitors.

Monex does a good job when it comes to educational material to help investors catch up, and also includes a YouTube series of the most popular traded shares, which can help beginners generate new share ideas.

How to get started with Monex Securities

Creating an account is relatively straightforward and should only take you a few minutes to sign up.

Signing up to Monex can be done in 4 simple steps.

  1. Complete the application form with your basic information
  2. Deposit funds into your account
  3. Start trading with Monex
  4. Monitor and review your positions

Support

Monex offers support to its customers in 3 main ways:

    1. Online contact form
    2. Phone
    3. WeChat support
This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.

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