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Monex Securities

Regulated
Australia
,
Since 1992
Last Updated:
52/100
Overall Score

Trading Conditions

Min Deposit:
AUD200
Max Leverage:
N/A
Account Types
RegularRegularInvest+1 more

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

7 methods

Bank Transfer

bank transfer
1 days
Fee:
Free
Fee:
Free

POLi

other
Instant
Fee:
Free
Fee:
Free

BPAY

other
1 days
Fee:
Free
Fee:
Free

PayID

other
Instant
Fee:
Free
Fee:
Free

Credit/Debit Card

credit card
Instant
Fee:
Free
Fee:
Free

E-Wallets

e wallet
Instant
Fee:
Free
Fee:
Free

Cryptocurrency

crypto
1 days
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 51%, 2: License 77%, 3: Software 0%, 4: Spread 0%, 5: Account Type 27%, 6: Symbol 0%
Regulation
51%Fair
License
77%Good
Software
0%Poor
Spread
0%Poor
Account Type
27%Poor
Symbol
0%Poor

Company Information

Full Name:Monex Securities Australia Pty Ltd
Founded:1992
Headquarters:Australia
Enterprise Offices:N/A

Customer Support

Phone:
+61 2 9103 9600
Live Chat:
business_hours
Response Time:
Languages:
English
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Broker Summary

Summary of the broker

Introduction

Monex Securities is a brokerage and provider of financial services that has appeared in the media recently because of its products offered to both investors and traders. Publicly available information about Monex Securities is limited; however, Monex Securities provides trader access to many different financial instruments and trading products.

This article aims to give a complete overview of what Monex Securities has to offer based on what has already been made available to the public. Throughout this article, we will provide a detailed overview of the following areas: Key Features, Regulatory Status, Trading Conditions, and Market Presence of Monex Securities.

Understanding how a broker like Monex Securities operates is an important aspect of choosing a trading platform for a trader in an increasingly competitive marketplace. We will be discussing the history and background of Monex Securities and what they have to offer, which will allow prospective client and industry observers to have a better understanding of how Monex Securities has established its operational structure.

As stated above, Monex Securities is a trademark of Monex Securities Australia Pty Ltd and is regulated by the Australian Securities & Investment Commission (ASIC), under license number 363972. This corporation has been incorporated in Australia and has its corporate office at Level 11, 300 George Street, Sydney NSW 2000 Australia. In addition to the fact that Monex Securities is focused on providing traders with a comprehensive trading experience, they also have a wide array of financial products with highly competitive prices compared to their competitors. Therefore, they are one of the leading brokers used by traders seeking a safe, good quality, and reliable trading environment. Monex Securities also offers a full range of products across ten different stock exchanges in 10 different countries. This means Monex Securities has greater access to the majority of global market capitalization than most other brokers. Ultimately, Monex Securities is one of the largest brokers in the world.Key Features and Product Offering

Monex Securities presents customers with a complete selection of Trading Tools/Strategies to fit their level of experience, as well as an excellent array of Trading Instruments. Although the full list of Trading Instruments may not be available, Brokers in this category have variations of each listed type; i.e. Equities, Forex, Commodities; etc. Brokers in this space often provide access to multiple Trading Platforms/Tools depending on the level of their clients.

The importance of utilizing multiple Trading Platforms/Tools to increase efficiency utilizing the Market is extremely important for Traders to successfully utilize Strategies and manage their risk.

Trading Instruments

Due to the lack of data available, it is difficult to determine exactly what Trading Instruments will be available from Monex Securities. However, the following Trading Instruments will usually be available from all Brokers in the Monex Securities category:

- Stocks & Equities

- Forex Currency Pairs

- Commodities (Gold, Oil, etc.)

- Indices & ETFs

- Possibly CFDs & Derivatives

Trading Platform Technology

It is expected that Monex Securities will provide their Clients with access to innovative Trading Platforms that can provide access to Real-Time Market Information, Order Execution, & Portfolio Management. Mobile & Desktop Trading Applications will increase the Accessibility of Traders when they are on the move.

Regulatory Compliance and Licensing

Through the assessment of the level of Regulatory Oversight of Brokers, we determine the credibility and safety of that Broker. Unfortunately, we don't have any definitive information regarding the level of Regulatory Licenses held by Monex Securities. A clearer understanding of the Regulatory Licenses held by a Broker will provide Clients with the necessary Transparency and Confidence in that Broker and assist with their Legal Compliance.

Based on the regulatory status to date, the following table summarizes the provisional status of the various financial services regulators who have issued licenses/output:

Regulators:

Licenses #'s:

Regulatory Status:

Limited Publicly Available Data

— -

— -

Trading Conditions/Platform Technology

Traders who want to evaluate Monex Securities will need to know the sp

ending and other terms such as the spread, maximum leverage, and needing to have a minimum amount of deposit. At this time there are no complete specifications publicly available.

However, brokerage firms in this area typically offer competitive Spreads, Flexible Leverage, and Competitive Minimum Deposit Amounts to support various types of Traders.

In general brokerage firm, Traders' Conditions, which are generally defined in a manner similar to the following are provided when choosing a brokerage firm.

Trading Conditions

General Trading Conditions are listed below to aid the prospective Trader:

Spreads

Spreads

- Limited Public Data

Leverage

Leverage

- Limited Public Data

Minimum Deposit

Minimum Deposit

- Limited Public Data

Brokerage Platforms

Brokerage Platforms

- Limited Public Data

Fee Structure

When deciding upon a brokerage firm to trade with a Trader must consider the fees and commissions that result from trading with a particular firm. Unfortunately, Monex Securities does not disclose the relevant information regarding fees and commissions associated with trading through their brokerage firm, such as Deposit Fees, Withdrawal Fees, or Commissions.

Typically, most firm will assess fees to the Trader based upon the following criteria: 1) Trading Volume, 2) Account Type, and 3) Transaction Method. By allowing Traders to access transparency regarding the Firm's fee structure is vital to managing a Trader's Cost and developing a profitable Trading Strategy.

All pending Trades:

Trading Fees/Commissions

All Pending Trades:

Fee Type

Estimated Cost

Deposit Fees

- Limited Public Alien Data

Withdrawal Fees

- Limited Public Alien Data

Commissions

- Limited Public Alien Data

Customer Support/ User Experience/ Market

Due to the lack of publicly available data regarding Monex Securities Limited, it would be difficult to provide a detailed description of the User Experience and Market Reputation. Most Traders wish to have a platform that is easy to navigate, have responsive customer service and provides educational materials to improve Client Satisfaction.

In order for potential Clients to obtain an accurate picture of the level of service and value associated with Monex Securities, it is recommended that a Trader conducts their own due diligence, including looking up comments/testimonials from existing Clients.

Summary

Monex Securities is a brokerage firm in the Financial Services Industry offering access to numerous Trading Instruments and Platforms. Due to lack of publicly available information, a full evaluation may not be possible due to the uncertainty of: Regulatory Compliance, Trading Conditions/Fee Structures of Monex Securities.

Therefore, if you are interested in Trading with Monex Securities, it would be wise to obtain more information directly from the firm and check with the appropriate Regulatory Body to confirm regulatory compliance prior to Trading. As with all areas of Financial Trading, a Trader must be mindful that Transparency and Availability of Data will assist in making a more informed decision in this volatile market.

Regulatory Licenses

Compliance & oversight

2 licenses
Australia
ASICTier 1
Australia#363972
License Details
Type:Market Making(MM)
License #:363972
Status:Regulated
Validity
Effective:N/A
Expires:N/A
Australia
ASICTier 1
Australia#363972
License Details
Type:Financial Service
License #:363972
Status:Regulated
Validity
Effective:N/A
Expires:N/A
2
Tier 1
1
Countries
0
Offshore

Account Types

Trading account options

4 types
Regular
Standard
Min Deposit USD 300,000 • Leverage 1:1 • Commission Transaction-based fees per trade
Min DepositUSD 300,000
Leverage1:1
CommissionTransaction-based fees per trade
Regular
Standard
Leverage 1:1 • Commission Transaction-based fees per trade
Leverage1:1
CommissionTransaction-based fees per trade
Invest
Invest
Min Deposit USD 100,000 • Leverage 1:1 • Commission Asset-based quarterly fees
Min DepositUSD 100,000
Leverage1:1
CommissionAsset-based quarterly fees
Institutional
Corporate
Leverage 1:1 • Commission Transaction-based fees per trade
Leverage1:1
CommissionTransaction-based fees per trade
4
Total Types
3
Categories
ECN Available

Funding Methods

Deposit & withdrawal options

7 methods
Bank Transfer
Bank Transfer1 min
Deposit
Fee:Free
Min:AUD 200
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Deposits must be made from an Australian bank account.
POLi
OtherInstant
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
BPAY
Other1 min
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
PayID
OtherInstant
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
7
Free Deposit
7
Instant
1
Crypto

Live Spreads & Trading Costs

Compare real-time spreads on major currency pairs

Spreads are the core trading cost with Monex Securities: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.

  • Live spread table for six major currency pairs, refreshed every few seconds
  • Excellent / competitive / high ratings so you can benchmark Monex Securities at a glance
  • Bid, ask and pip-change data to estimate your real cost per trade
View live spreads for Monex Securities

Spread data is indicative and for comparison purposes only

Global Domains

Worldwide web presence

0 sites

No Website Information

Website domains not available for this broker yet.

Social Presence

Digital community engagement

1 platform

Comments

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