Fees and Charges

Our competitive fees are listed below covering all our markets. 

Monex Brokerage Fees

Markets Brokerage Fee 1 Settlement Currency 2
United States
New York Stock Exchange (NYSE)
NASDAQ
Free USD
Australia 3
Australian Stock Exchange (ASX)
0.132%  
(Min AUD 21.95) 
AUD
Japan
Tokyo Stock Exchange (TSE)
0.10% 
(Min JPY 2,000) 
JPY
Hong Kong
Hong Kong Stock Exchange (HKEX)
Free * HKD or USD or RMB
China
Shanghai Stock Exchange (SSE)
Shenzhen Stock Exchange (SZSE)
(via Hong Kong Stock Connect)
0.10%  
(Min RMB 88) 
RMB
China B
Shanghai Stock Exchange (SSE)
0.25% 
(Min USD 10) 
USD
China B
Shenzhen Stock Exchange (SZSE)
0.25% 
(Min HKD 80) 
HKD
Taiwan
Taiwan Stock Exchange (TWSE)
0.20% 
(Min NTD 400) 
USD
Korea
Korea Exchange (KRX) including KOSDAQ
0.30% 
(Min KRW 15,000) 
USD
Indonesia
Indonesia Stock Exchange (IDX)
0.25% 
(Min IDR 200,000) 
USD
Malaysia
Bursa Malaysia (MYX)
0.25% 
(Min MYR 80) 
USD
Philippines
Philippines Stock Exchange (PSE)
0.30% 
(Min PHP 500) 
USD
Singapore
Singapore Exchange (SGX)
0.25% 
(Min SGD 25 or HKD 120 or USD 18) 
SGD
Thailand
Stock Exchange of Thailand (SET)
0.30% 
(Min THB 300) 
USD

*Brokerage fees may be changed from time to time, for details please refer to our Free Brokerage Promotion Terms and Conditions.

    1. Commission is charged on each order executed on the same day basis. For all U.S. trades, any price and/or quantity change for partially filled order will be treated as a new order and charged accordingly.
    2. When trading securities that settle in a currency other than its trading currency, you should be aware of the currency risk involved. Foreign exchange rates change constantly and can be extremely volatile. To account for this, margins may be applied to the exchange rate quoted by our bank. We will cap this margin at a maximum of 2%.
    3. GST included where applicable.

Monex Account Service Fees

Account Set-up and Maintenance
Account Opening Fee
Free
Initial Deposit 1
Minimum deposit amount is AUD 200
Minimum Balance
No minimum requirement on stock holding or cash 
Minimum Activity
No minimum requirement on number of trades or commission generated 
Inactivity Fee
None. All Inactivity Fees For Monex Securities Australia Pty Ltd were abolished in May 2018.  
Note: If an account holds no open positions and remains inactive for more than six (6) years, we may transfer the funds in the account to NSW Revenue as unclaimed money.  
Custody Service
Free (except for Taiwan, Malaysia and SH-HK Connect and SZ-HK Connect stock holdings) 
Remittance Services
Funds Deposit
Free - All bank charges will be borne by client. 
Funds Withdrawal
Free - All bank charges will be borne by client. 
Statement Services
Execution Confirmation
Free - Execution confirmation will be sent by email. All the contracts for the day will be grouped in a Daily Activity Statement, which also serves as the execution confirmations and contract notes for all activities on that day. 
Account Statements
Free - Apply to sending Daily / Month Activity Statements by email. e-Statements within 12 months can also be downloaded online. 
Statement Re-issue
AUD 10.00 per Statement   
*Apply to re-issue of historical Daily / Monthly Activity Statements over 12 months old.   
Stock Balance or Account Confirmation
AUD 10.00 per Request 
  1. GST applies for AU residents on any transaction fees related to deposit and any other service fees.
MarketsStock CustodyStock DepositStock Transfer Out 1 Other Fees
United States
New York Stock Exchange (NYSE)NASDAQ
FreeFrom USD 50 per stock2% (Min USD 2,000)ADR Depositary Agent Fee: USD 0.03 per share per year
Australia 
Australian Stock Exchange (ASX)
FreeFrom AUD 50 per stock2% (Min USD 2,000)Any other fees will be passed through at cost
Japan
Tokyo Stock Exchange (TSE)
FreeFrom JPY 4,000 per stock2% (Min USD 2,000) 
Hong Kong
Hong Kong Stock Exchange (HKEX)
FreeFrom HKD 600 per stock2% (Min USD 2,000)

Compulsory Share Buy-Back Fee:

At Cost

China
Shanghai Stock Exchange (SSE)Shenzhen Stock Exchange (SZSE)(via Hong Kong Stock Connect)
0.018% p.a. of total market value on daily basis, monthly aggregateFrom CNY 250 per stock2% (Min USD 2,000) 
China B
Shanghai Stock Exchange (SSE)Shenzhen Stock Exchange (SZSE)
Free   
Taiwan
Taiwan Stock Exchange (TWSE)

0.12% p.a.

(pay monthly based on the month end portfolio value)

   
Korea
Korea Exchange (KRX) including KOSDAQ
Free   
Indonesia
Indonesia Stock Exchange (IDX)
FreeFrom IDR 500,000 per stock2% (Min USD 2,000) 
Malaysia
Bursa Malaysia (MYX)
USD 3.00 per stock per monthFrom MYR 200 per stock  
Philippines
Philippines Stock Exchange (PSE)
FreeFrom PHP 2,000 per stock2% (Min USD 2,000) 
Singapore
Singapore Exchange (SGX)
FreeFrom SGD 50 per stock2% (Min USD 2,000) 
Thailand
Stock Exchange of Thailand (SET)
FreeFrom THB 1,400 per stock2% (Min USD 2,000) 
  1. The stock transfer out fee is the greater of USD 2,000 and the USD equivalent of 2% of the stock value calculated at the time when Monex AU processes the transfer request by using the market price at the end of previous trading day.
    • GST Applies to AU residents for all service fees in relation to the Australian market only
    • GST will not apply for Non-AU residents
MarketsDividend Collection (Cash & Scrip)Dividend withholding Tax 1Other Corporate Actions
United States
New York Stock Exchange (NYSE)NASDAQ
USD 4.0030%Tender Fee: USD 60 (voluntary) or USD 30 (mandatory)
Australia 
Australian Stock Exchange (ASX)
AUD 7.0030%Any other fees will be passed through at cost
Japan
Tokyo Stock Exchange (TSE)
JPY 80015.315% 
Hong Kong
Hong Kong Stock Exchange (HKEX)
0.60% (Min HKD 50 / RMB 50 /USD 20 / GBP 12)

NIL – for companies incorporated in Hong Kong.

10% – for H-shares (Companies incorporated in Mainland China that are listed in Hong Kong) 2

Please refer to separate table on the following page
China
Shanghai Stock Exchange (SSE)
Shenzhen Stock Exchange (SZSE)(via Hong Kong Stock Connect)
0.60% (Min RMB 50)10%Any Offers/Issues and Sub/Auto Exercise of Rights/Warrants: RMB 100
China B
Shanghai Stock Exchange (SSE)
USD 8.0010% 

China B

Shenzhen Stock Exchange (SZSE)

HKD 8010% 
Taiwan
Taiwan Stock Exchange (TWSE)
NTD 25020%Bonus Share: NTD 1,500
Korea
Korea Exchange (KRX) including KOSDAQ
KRW 8,00022% 
Indonesia
Indonesia Stock Exchange (IDX)
IDR 75,00020% 
Malaysia
Bursa Malaysia (MYX)
1.35% (Min MYR 30)25% 
Philippines
Philippines Stock Exchange (PSE)

Handling Fee: PHP 400

Registration Fee: PHP 1,200

30%Bonus Share: PHP 1,000 (Registration Fee)
Singapore
Singapore Exchange (SGX)
1.35% (Min SGD 12)20% 
Thailand
Stock Exchange of Thailand (SET)
1.35% (Min THB 350)10% 
  1. Dividend withholding tax is charged by the respective local government at the rate applicable to our Custodian, Monex BOOM Securities Ltd, in Hong Kong. This may not be the rate at which withholding tax would normally be applied for a resident of your country. You should seek your own professional tax advice to determine the impact that this may have on you. The rates listed are for reference only.
  2. H-share companies are companies incorporated in Mainland China and whose listings in Hong Kong are approved by the China Securities Regulatory Commission (CSRC). Shares in these companies are listed in Hong Kong, subscribed for and traded in Hong Kong dollars or other currencies, and referred to as H shares. They are subject to the Hong Kong Stock Exchange’s listing requirements.
    • GST Applies to AU residents for all service fees in relation to the Australian market only
    • GST will not apply for Non-AU residents
DetailsHandling Fees Other Pass-on Charges 
Book Close Fee 1 CCASS Scrip Fee: HKD 1.50 per board lot
Bonus Share Free 
Rights Issue EntitlementFree 
Excess Rights ApplicationFree 
Subscription of Rights & WarrantsHKD 150CCASS Fee: HKD 0.80 per board lot
Auto-exercise of WarrantsHKD 150CCASS Fee: HKD 0.80 per board lot
Open OfferHKD 150CCASS Fee: HKD 0.80 per board lot
Cash OfferHKD 150

CCASS Fee: HKD 0.80 per board lot

Stamp Duty: HKD 1.00 per HKD 1,000 (if any)

Share Consolidation / SplitFree 
Foreign Shares CCASS Custody Fee CCASS Fee: HKD 0.25 per 100 shares per month
ibond Custodian FeeFree 
ibond Interest Collection FeeFree 
ibond Redemption FeeFree 
Change of Registration at Share RegistrarHKD 800 per stock per RegistrationAt cost

1. CCASS normally charges its participants (our custodian-Monex Boom Securities (H.K.) Limited.) a registration and transfer fee (commonly known as the scrip fee in the market) of HKD $1.5 per board lot on the book-close date, calculated according to the net increase in aggregate balance of that stock in a participant’s account over the last collection date.

MarketsOther Pass-on Charges 
United States
New York Stock Exchange (NYSE)NASDAQ
For SELL Order only
Sales Tax: 0.00207%

Trading Fee: USD 0.000119 USD per share
For BUY Order on French and Italian ADR only
Financial Tax: 0.20%

Australia
Australian Stock Exchange (ASX)
nil
Japan
Tokyo Stock Exchange (TSE)
nil
Hong Kong
Hong Kong Stock Exchange (HKEX)

Stamp Duty : 0.13% (rounded up to the nearest HK dollar)

Levy: 0.0027% (per execution)

Trading Fee: 0.0050% (per execution)

CCASS Fee: 0.01% (Min HKD 3.00 or USD 0.38 or RMB 3.00 per execution)

China
Shanghai Stock Exchange (SSE)
Shenzhen Stock Exchange (SZSE)
(via Hong Kong Stock Connect)

Handling Fee: 0.00487%

Securities Management Fee: 0.002%

Transfer Fee: 0.004% (on gross amount)

Stamp Duty: 0.10% (For
SELL order only)

China B
Shanghai Stock Exchange (SSE)

Service Charge: 0.15% (Min USD 35)

Clearing Fee: 0.05%

Levy: 0.00487%

CSRC Fee: 0.002%


Stamp Duty: 0.10% (For
SELL order only)

China B
Shenzhen Stock Exchange (SZSE)

Service Charge: 0.15% (Min USD 35)

Clearing Fee: 0.05% (Max HKD 500)

Levy: 0.00687%


Stamp Duty: 0.10% (For
SELL order only)

Taiwan
Taiwan Stock Exchange (TWSE)

Transaction Fee: NTD 1,500

Remittance Charge: NTD 800


Stamp Duty: 0.30% (For
SELL order only)

Korea
Korea Exchange (KRX) including KOSDAQ

Remittance Charge: KRW 30,000


Sales Tax: 0.25% for Board Lot; 0.50% for Odd Lot (For
SELL order only)

Indonesia
Indonesia Stock Exchange (IDX)

Levy: 0.043%

V.A.T.: 10% on commission

Remittance Charge: IDR 200,000


Sales Tax: 0.10% (For
SELL order only)

Malaysia
Bursa Malaysia (MYX)

Stamp Duty: 0.10% (rounded up to nearest dollar, max MYR 200)

Clearing Fee: 0.03% (Max MYR 1,000)

Remittance Charge: MYR 75

Service Tax: 6% on Brokerage Fee Charged

Philippines
Philippines Stock Exchange (PSE)

V.A.T.: 12% on commission

SCCP Fee: 0.01%

Remittance Charge: PHP 1,000

Registration fee: PHP 1,000


Sales Tax: 0.60% (For
SELL order only)

Singapore
Singapore Exchange (SGX)

Trading fee: 0.0075%

Clearing Fee: 0.0325%

Remittance Charge:  SGD 0 or USD 20 or HKD 0

Settlement Fee: SGD0.35 per contract

Thailand
Stock Exchange of Thailand (SET)

V.A.T.: 0.014% on gross amount

Remittance Charge: THB 1,000

To enable purchase of US OTC stocks, please contact us on services@monexsecurities.com.au and agree the following disclosure:

    • Sale restriction on illiquid OTC stocks. If you are trying to trade an OTC stock, your order might be rejected (i.e. not accepted) if the quantity exceed certain percentage of the daily average volume of that stock. If you are buying a stock with low trading volume, it may be difficult or impossible to sell them.
    • Non-DTC eligible. Some stocks are not eligible for DTC (electronic) clearing, and extra clearing fee would be involved. We cannot guarantee the stock in question is DTC eligible or not. It is possible that after you purchase a stock, it may become non-DTC eligible later on (i.e. you have to bear the non-DTC clearing fee if you sell it). Non-DTC clearing fee is currently USD $400.

Any other fees will be passed through at cost.

Dated: 24th  January 2022 (version 4.4)

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