Monex to reduce commissions on Japanese stock trades
Japanese online trading company Monex Inc, a subsidiary of Monex Group, Inc. (TYO:8698), has unveiled its plans to reduce its one-day flat rate commissions (based on the sum of cash trading and margin trading) and per-trade commissions (margin trading). The changes will be effective Monday, November 2, 2020.
To match customers’ different trading styles, Monex offers two types of commission fee structures for Japanese stock trades – per-trade commissions where commissions are calculated per order, and one-day flat rate commissions where commissions are calculated according to the total transaction amount of one day.
Monex has been aiming to make stock investing easier for customers by improving trading conditions. For instance, the broker reduced margin trading commissions in October 2017 and has made margin trading of ETFs and other instruments free of charge since June 2020.
Also, let’s recall that, back in October 2019, TradeStation Securities, Inc., a subsidiary of TradeStation Group, Inc., which is part of the Monex group of companies, launched offering of commission-free trading to customers who use its web and mobile platforms for exchange-listed stocks, options and exchange-traded funds (ETFs).
Now, In response to numerous customer requests, Monex has decided to further reduce its commissions on Japanese stock trades, enabling a wider range of customers to enjoy lower costs.
One-day flat rate commissions (based on the sum of cash trading and margin trading) and per-trade commissions (margin trading) will be lowered, as follows:
- (1) One-day flat rate commissions (based on the sum of cash trading and margin trading)
One-day flat rate commissions on daily calculated one-way trades are reimbursed in the form of Monex Points the next day, so in effect, are free of charge. In addition, customers who execute numerous trades in a month are eligible for discounts.
For customers whose total per-trade commissions exceed ¥300,000 in one month, Monex also offers a half-price reduction service whereby half of the stock trading commission amount is paid back in Monex Points.