Monex Boom Securities, an online trading subsidiary of Monex Group, has expanded its online securities trading to now include Global Futures Trading, where customers can open accounts with multiple currencies, the broker announced on Monday.
Headquartered in Hong Kong, Monex Boom now offers its clients the ability to hold as many as six different currencies in a single account. Via its “Auto-currency Conversion” feature, all traded assets that are denominated in multiple currencies can be consolidated into buying power for the trading account, the statement said.
“Clients can make use of the instant funds transfer to grasp the investment opportunities by switching their available fund between the securities and the futures markets. All transfer instructions can be given online without the hours of service restriction,” the company said in the statement.
Through the broker’s global futures trading services, customer’s can trade up to 51 global futures products from major exchanges. At present, the Hong Kong firm has a promotional offer of zero commission when trading.
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Most popular futures contracts
The most popular futures contracts traded through Monex Boom are foreign exchange (forex) futures, gold futures, crude oil futures, E-mini Dow Futures, E-mini S&P 500 Futures and more through CME. The FTSE China A50 Index Futures is also commonly traded via the Singapore Exchange (SGX).
“MONEX BOOM strives to offer clients with a broad variety of investment products and bring a secure and convenient alternative to both local and foreign investors in global investment Trading,” the broker added.
Monex Boom Securities is part of the Monex Group. As Finance Magnates reported, the firm saw a minor decline in operating revenues for its 2019 fiscal year, which it released details for back in April.
Notably, the financial services Group noted a slump in its Japanese operations, which was largely driven by lower trading volumes from its retail brokerage Monex, Inc. The crypto business of the Group also weighed on the results, with the company’s US business reporting solid results.