Monex Securities Australia Launches Free Brokerage Service

Monex Securities Australia, the Australian brokerage subsidiary of Monex International Group, announced this Tuesday that it has become the latest firm to offer commission-free stock trading for 11 international markets, including the United States and most of Asia.

Commission-free trading for stocks, although still a relatively new concept in the foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) and contracts-for-difference (CFD) space, is starting to be adopted by more and more brokers, not only in Europe but globally, as part of a diversified offering.

However, Monex’s offering today for its Australian investors takes this one step further, as it not only offers the free brokerage services for investors who want to buy and sell international shares, but also for other listed investment instruments, such as ETFs.

Monex Securities Australia Prompts Aussie Investors to Trade Abroad

According to the statement, Monex Securities Australia has launched its free brokerage service for 11 international markets to encourage Australian investors to trade outside of Australia.

Aside from the United States, other markets where the free brokerage service is applicable includes China, Hong Kong, Japan, Singapore, Taiwan, South Korea, Malaysia, Thailand, Indonesia, and the Philippines.

Commenting on the decision, Alex Douglas, managing director at Monex Securities Australia said: “We know that high cost is one of the reasons why many Australian investors are not buying or selling international stocks, and we want to change that.”

Following the launch, the firm’s Aussie traders can now buy shares in top companies such as Apple, Amazon, Facebook, Google, Sony, Hyundai, PCCW, in addition to another nearly 50,000 other stocks without paying brokerage fees.

“The Australian market accounts for considerably less than 3% of global market capitalisation. Australian investors are missing out on a huge range of investment opportunities by not investing in offshore markets,” Douglas added.

“With this free brokerage offer we’d like to encourage Australian investors to widen their investment horizon and take advantage of international investment opportunities, particularly in the US, which remains one of the largest markets in the world,” he continued.