Do you want to know which is the better broker between MONEX and eXcentral ?
In the table below, you can compare the features of MONEX , eXcentral side by side to determine the best fit for your needs.
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of monex, excentral lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
|Trading Platform||Monex Trader (Stocks & Futures), Monex Trader FX (Forex), Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision|
|Customer Support||Email & Phone support|
General Information & Regulation
MONEX is an online securities company based in Tokyo, Japan, and wholly owned by the Monex Group. Monex is an online securities company formed through the merger of Monex, Inc. and Nikko Beans
MONEX currently holds a retail foreign exchange license (license number: 1010001064546) from the Financial Services Agency of Japan. MONEX, Inc. is a member of Japan securities Dealers Association, Type II Financial Instruments Firms Association, The Financial Futures Association of Japan, Japan Virtual and Crypto Assets Exchange Association and Japan Investment Adviser Association.
MONEX provides investors with products and services such as domestic stocks, US stocks, Chinese stocks, investment trusts, bonds, IPOs, stock lending services, ETFs, foreign exchange currency pairs, cryptocurrency CFDs, bonds, etc.
The diverse lineup of products offered by MONEX is from 110 yen for physical trading to 99 yen for margin trading (tax included), both beginners and experienced traders can make a small investment at a reasonable price. The monthly Fixed Commission Process calculates the commission for the total daily contract amount, which traders can choose according to their needs. For example, the brokerage fee for China stocks (tax included) is 0.275% of the contract price (minimum fee HK$49.5, maximum fee HK$495). The fee for Nikkei 225 Mini Index is 38 yen per order, and the fee for Nikkei 225 Futures is 275 yen per order.
Trading Platforms AVailable
MONEX offers a variety of trading platforms for traders to choose flexibly. These trading platforms are Monex Trader (Stocks & Futures), Monex Trader FX (Forex), Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision.
Deposit and Withdrawal
MONEX offers a wide range of deposit and withdrawal options. Investors can fund their investment accounts through instant deposit services, regular automatic deposit services, ATM deposits through Monex Saison cards, bank transfers.
Clients with any inquiries or trading-related issues can get in touch with MONEX through the following contact channels:
Telephone: +81 0120-430-283
You can also follow MONEX on some popular social media platforms, such as Twitter, Facebook and Youtube.
Pros & Cons
|FSA-regulated||No clear Minimum deposit info|
|Diversified range of products & services||Average customer support|
|Multiple trading platform options|
|Various payment methods|
Frequently Asked Questions
Is MONEX regulated？
MONEX is authorized and regulated by the FSA in Japan under regulatory license number 1010001064546.
What trading instruments does MONEX offer？
Monex provides investors with products and services such as domestic stocks, US stocks, Chinese stocks, investment trusts, bonds, IPOs, stock lending services, ETFs, foreign exchange currency pairs, cryptocurrency CFDs, bonds, etc.
What is the minimum deposit amount required by MONEX ？
The minimum deposit amount to trade with Monex is unknown.
What trading platform does MONEX offer？
MONEX provides multiple trading platform options, including Monex Trader (Stocks & Futures), Monex Trader FX (Forex), Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision.
Can I trade Forex pairs on the MONEX platform？
Yes, you can trade forex on the Monex platform.
Generalc Information & Regulation
SAVIRSKY HOLDINGS LIMITED is the holding company of OM BRIDGE (PTY) LTD and eXcentral International. eXcentral International is operated by OM BRIDGE (PTY) LTD (2016/479525/07), a South Africa investment firm, authorised and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP License Number 48296. OM BRIDGE (PTY) Ltd does not offer services to individuals with Turkish nationality.
eXcentral offers traders access to many financial tradable instruments, mainly Forex currency pairs, commodities, indices, and stocks.
To meet different traders' trading needs and experience, eXcentral offers four different account types: the Classic Account, the Silver Account, the Gold Account, and the VIP account. The minimum intial deposit to open an basic account is $250, slightly higher than sector industry.
In respect to trading leverage, the maximum trading leverage is up to 1:400 for forex trading, 1:200 for indices and commodities trading, 1:5 for stock trading, and 1:5 for cryptocurrencies.
Spreads & Commissions
Spreads and commissions vary depending on different trading accounts. The spread for eXcentral Classic and Silver accounts is 2.5 pips for EURUSD, 2.8 pips for GBPUSD, 2.8 pips for USDJPY, and US$0.14 for Crude Oil. For the Gold account, the EURUSD spread is 1.8 pips, the GBPUSD spread is 2.3 pips, the USDJPY spread is 2.3 pips, and the Crude Oil spread is US$0.13. For the VIP account, the EURUSD spread is 0.9 pips, the GBPUSD spread is 1.4 pips, the USDJPY spread is 1.4 pips, and the Crude Oil spread is US$0.10.
eXcentral Trading Platform
eXcentral offers traders the market-leading and highly acclaimed MT4 trading platform. MT4 software is compatible with EA Trading and can be customized to suit their preferences with 30 technical indicators, 3 execution modes, 4 order types, and 9 timeframe interactive charts. MT4 is available for Android and iOS, giving traders the flexibility to choose according to their needs. The MT4 is available for Android and iOS, giving traders the flexibility to choose according to their needs.
eXcentral Trading Tools
Traders can take on Technical Analysis with all the necessary tools, from charts – with various lines and indicators, fundamental analysis, trading calculators, trailing stops and much more.
Deposit & Withdrawal
eXcentral welcomes users to withdraw funds via VISA, MasterCard credit cards (minimum deposit of 250 EUR/USD/GBP, maximum daily withdrawal of 10,000 EUR/USD/GBP), Skrill & NETELLER (minimum deposit of 250 EUR/USD/GBP, maximum withdrawal of unlimited funds) and wire transfer (minimum deposit of 250 EUR/USD/GBP, maximum withdrawal of 10,000 EUR/USD/GBP). EUR/USD/GBP, unlimited withdrawals). Traders are charged 3.5% for credit card withdrawals, 30 EUR/USD/GBP for wire transfers, 2% for Skrill withdrawals, and 3.5% for NETELLER withdrawals.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive monex and excentral are, we first considered common fees for standard accounts. On monex, the average spread for the EUR/USD currency pair is -- pips, while on excentral the spread is EUR/USD 2.5, GBP/USD 2.8, USD/JPY 2.8, Crude Oil $0.14.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
monex is regulated by FSA. excentral is regulated by FSCA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
monex provides trading platform including -- and trading variety including --. excentral provides trading platform including Classic,Silver,Gold,VIP and trading variety including --.