Global Forex Broker Regulatory Inquiry APP

Score

7.46 /10
Good

MONEX

Regulated in Japan

Retail Forex License

Medium potential risk

AA
Good
AAA

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Score

License Index 7.15
Business Index 8.73
Risk Management Index 8.90
Software Index 6.43
Regulatory Index 7.12
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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Regulatory disclosure

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Sanction

JP FSA
2009-03-24

Warning

JP FSA
2006-06-07

Warning

JP FSA
2004-06-25
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BARCLAYS

Contact number

Japanese

+81 0120-430-283

Broker Information

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Company Name

MONEX, Inc.

Company Abbreviation

MONEX

Platform registered country and region

Japan

Number of employees

Company website

Twitter

Facebook

YouTube

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2023-05-31
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

MONEX · Benchmark
Average transaction speed(ms)
491.4
The highest transaction speed(ms)
301 Poor
The highest speed of opening positions(ms)
301
The highest speed of closing position(ms)
375
The lowest speed of opening positions(ms)
1984 Poor
The lowest speed of closing position(ms)
822 Great
Ranking: 37 / 121
Test user 149
Transactions 1,037
Ocuppied margin $316,814 USD
Data Source WikiFX Data provide
Updated: 2023-05-29 01:05:00
MONEX · Company summary
Registered Country/Region Japan
Regulation FSA
Minimum Deposit N/A
Maximum Leverage 1:25
Minimum Spreads N/A
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.

Market Instruments

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.

MONEX Fees

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.

Customer Support

Clients with any inquiries or trading-related issues can get in touch with MONEX through the following contact channels:

Telephone: +81 0120-430-283

Email: feedback@monex.co.jp

You can also follow MONEX on some popular social media platforms, such as Twitter, Facebook and Youtube.

Pros & Cons

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.

News

Tokyo-based MONEX Group Introduces RS Claw-Back Policy for Executive Officers

NewsTokyo-based MONEX Group Introduces RS Claw-Back Policy for Executive Officers

2023-04-25 10:19

MONEX Group, a Tokyo-based supplier of electronic trading services, has introduced a claw-back policy for the compensation of senior officers. The policy will attempt to recover compensation in case of accounting mistakes or misbehavior within the firm group. Restricted stock and performance-based compensation for executive officers will be subject to the policy starting on April 24, 2023. The policy aims to encourage ethical procedures and to hold leaders accountable for their actions. MONEX hopes to improve overall corporate governance and develop a culture of integrity and moral decision-making within its business.

WikiFX
2023-04-25 10:19
News
Tokyo-based MONEX Group Introduces RS Claw-Back Policy for Executive Officers
Monex Will Repurchase 2.55M Shares In January 2023

NewsMonex Will Repurchase 2.55M Shares In January 2023

2023-02-02 10:49

Monex Group Inc provided an update on the progress of its share repurchase program, which was announced in November 2022.

WikiFX
2023-02-02 10:49
News
Monex Will Repurchase 2.55M Shares In January 2023
AEON Bank In Japan Has Partnered With Monex To Expand Its Asset Management Offerings

NewsAEON Bank In Japan Has Partnered With Monex To Expand Its Asset Management Offerings

2022-12-27 17:18

Monex will offer asset management services to the lender's clients. The new structure's functions are anticipated to begin in January 2024.

WikiFX
2022-12-27 17:18
News
AEON Bank In Japan Has Partnered With Monex To Expand Its Asset Management Offerings
AUM at Monex Asset Management Exceeds 100 Billion Yen

NewsAUM at Monex Asset Management Exceeds 100 Billion Yen

2022-11-23 09:50

Monex Asset Management, Inc., a fully owned subsidiary of Monex Group, Inc, announced that assets under management surpassed 100 billion yen on November 18, 2022, almost doubling from the end of October 2021.

WikiFX
2022-11-23 09:50
News
AUM at Monex Asset Management Exceeds 100 Billion Yen

User Reviews

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3

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Benedict Lee
more than one year
The company's website looks too strange, it doesn't look like a financial company's homepage, only text. And it's a Japanese company, I think it's too troublesome to deal with them. I tend to choose companies from my home country.
2023-02-20 15:33
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0
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Timo8642
3-6months
Bad broker. You will be mc and lose your money
2023-01-05 02:09
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0
0
FX1141318583
more than one year
This company MONEX looks really good but I can't read Japanese. Unfortunately, I didn't get a chance to deal with it. But I still have a lot of options.
2022-12-12 10:46
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0
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