Monex to maintain current domestic equity commission structure
Monex, Inc., a wholly owned subsidiary of online trading company Monex Group, Inc., today announced that it will maintain the current domestic equity commission structure for the time being.
Monex also says that it will continue to provide value-added, high-quality products and services with a commitment to increasing customers’ assets after deducting fees and other costs.
In response to the announcement by some online brokers that they are waiving domestic stock commissions, Monex has revisited its trading commission’s structure and concluded that the best benefit to its customers is to remain committed to the customer return on investments by maintaining the current trading commission structure at this time.
Monex will continue to improve its products and services with an emphasis on providing the following value-added features in order to maximize the customer return on investment.
Monex has led the US equities trading industry in service offerings and trading commissions, which is considered an important product for maximizing the customer return on investment.
In addition to the industry’s lowest trading commissions, extended-hour trading services, US equities subscription services, and a wide variety of ordering methods, Monex currently offers a cash-back program to support debut US equity traders and also provides a cash-back program for cash trading commissions (excluding tax) for certain US ETFs.
Moreover, Monex has led the industry in increasing the number of US equities available for customers, supporting specified accounts, and providing smartphone applications. Monex will continue to provide advanced services unrivaled by other companies in cooperation with its US-based group company, TradeStation Group, Inc.
Monex will also contribute to its customer return on investments by offering unique products. ON COMPASS, a discretionary investment management service managed by a group company Monex Asset Management, Inc. offered by Monex, will also become available under the new NISA (Nippon Individual Savings Account) program. Monex will provide further information as soon as the timeline is finalized.
The new NISA program, which will begin in January 2024, is a highly beneficial system for individual investors. Under the current NISA, there are no trading commissions for domestic equities, and no trading commissions for the purchase of US and Chinese equities, which will continue under the new program.
In the future, Monex will support its customers’ asset building through the new NISA program with a high level of service by transferring the accumulation settings of the current NISA (General NISA and Advance NISA) to the new NISA program without inconvenience to customers, and by substantially increasing the number of eligible funds it offers.
With the launch of the new NISA program, the periodic purchase plan for mutual fund is attracting more attention, and Monex offers a periodic purchasing service with the “Monex Card” that rewards 1.1% of the purchase price with Monex points. This 1.1% return rate is the highest among major online securities.
Monex also grants up to 0.08% of Monex Points per year on the balance of customers’ mutual fund purchased through periodic purchasing plan and other means. The Monex Points earned through these transactions can be exchanged for Amazon gift cards, d-points, Ponta points, WAON points, and other major points with the same number of points.
In addition, Monex Points can be used to invest in mutual funds and crypto assets, creating a more efficient and unique asset-building environment.
The “Per-Trade Commission Course” calculates commissions per order, while the “Fixed Daily Commission Course” calculates commissions based on the total amount of orders executed in a day. In the “per-trade commission course,” cash trading commissions starts at 50 yen and margin trading commission structure starts at 90 yen, and there is no commission for the purchase of odd-lot shares.