Monex Securities share trading review
- 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.
Details
Platform 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 |
| More Info |
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) | Free | USD |
| Australia (ASX) | 0.132% (Min AUD 19.95) for ASX | AUD |
| Japan (TSE) | 0.10% (Min. JPY2,000) | JPY |
| Hong Kong (HKEX) | Free | HKD 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.
- Complete the application form with your basic information
- Deposit funds into your account
- Start trading with Monex
- Monitor and review your positions
Support
Monex offers support to its customers in 3 main ways:
- Online contact form
- Phone
- WeChat support
Your reviews
Cameron Finder
Writer
Hi there, looking for more information? Ask us a question.
You are about to post a question on finder.com.au:
- Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
- finder.com.au is a financial comparison and information service, not a bank or product provider
- We cannot provide you with personal advice or recommendations
- Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.
This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.