Fees and Charges
Monex Brokerage Fees
| Markets | Brokerage Fee *1 | Settlement Currency *2 |
|
United States New York Stock Exchange (NYSE) NASDAQ |
0.10%
(Min USD 9.99) |
USD |
|
Australia *3 Australian Stock Exchange (ASX) |
0.132%
(Min AUD 21.95) |
AUD |
|
Japan Tokyo Stock Exchange (TSE) |
0.10%
(Min JPY 2,500) |
JPY |
|
Hong Kong Hong Kong Stock Exchange (HKEX) |
0.10%
(Min HKD 88 or USD 12 or RMB 130) Warrants/CBBCs Trading: 0.10% (Min HKD 88) |
HKD or USD or RMB |
|
China Shanghai Stock Exchange (SSE) Shenzhen Stock Exchange (SZSE) (via Hong Kong Stock Connect) |
0.30%
(Min RMB 130) |
RMB |
|
China B Shanghai Stock Exchange (SSE) |
0.30%
(Min USD 18) |
USD |
|
China B Shenzhen Stock Exchange (SZSE) |
0.30%
(Min HKD 130) |
HKD |
|
Taiwan Taiwan Stock Exchange (TWSE) |
0.30%
(Min NTD 800) |
USD |
|
Korea Korea Exchange (KRX) including KOSDAQ |
0.30%
(Min KRW 25,000) |
USD |
|
Indonesia Indonesia Stock Exchange (IDX) |
0.30%
(Min IDR 350,000) |
USD |
|
Malaysia Bursa Malaysia (MYX) |
0.30%
(Min MYR 100) |
USD |
|
Philippines Philippines Stock Exchange (PSE) |
0.30%
(Min PHP 1,000) |
USD |
|
Singapore Singapore Exchange (SGX) |
0.30%
(Min SGD 35 or HKD 188 or USD 25) |
SGD |
|
Thailand Stock Exchange of Thailand (SET) |
0.30%
(Min THB 800) |
USD |
- 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.
- When trading securities that settle in a currency other than its trading currency, you should be aware of the currency risk involved (including but not limited to exchange rate fluctuations) and the foreign exchange costs associated.
- GST included where applicable.
Monex Account Service Fees
| Account Set-up and Maintenance | |
|
Account Opening Fee |
Free |
|
Initial Deposit *1 |
No minimum requirement on initial stock or fund deposit |
|
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
|
- GST applies for AU residents on any transaction fees related to deposit and any other service fees
| Markets | Stock Custody | Stock Deposit | Stock Transfer Out | Other Fees |
|
United States New York Stock Exchange (NYSE) NASDAQ |
Free | From USD 50 per stock | From USD 150 per stock | ADR Depositary Agent Fee: USD 0.03 per share per year |
|
Australia Australian Stock Exchange (ASX) |
Free | From AUD 50 per stock | From AUD 75 per stock | Any other fees will be passed through at cost |
|
Japan Tokyo Stock Exchange (TSE) |
Free | From JPY 4,000 per stock | From JPY 3,500 per stock | |
|
Hong Kong Hong Kong Stock Exchange (HKEX) |
Free | From HKD 600 per stock | From HKD 600 per stock |
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 aggregate | From CNY 250 per stock | From CNY 250 per stock | |
|
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) |
Free | From IDR 500,000 per stock | From IDR 1,000,000 per stock | |
|
Malaysia Bursa Malaysia (MYX) |
USD 3.00 per stock per month | From MYR 200 per stock | ||
|
Philippines Philippines Stock Exchange (PSE) |
Free | From PHP 2,000 per stock | From PHP 2,500 per stock | |
|
Singapore Singapore Exchange (SGX) |
Free | From SGD 50 per stock | From SGD 80 per stock | |
|
Thailand Stock Exchange of Thailand (SET) |
Free | From THB 1,400 per stock | From THB 2,500 per stock |
- GST Applies to AU residents for all service fees in relation to the Australian market only
- GST will not apply for Non-AU residents
| Markets | Dividend Collection (Cash & Scrip) | Dividend withholding Tax *1 | Other Corporate Actions |
|
United States New York Stock Exchange (NYSE) NASDAQ |
USD 4.00 | 30% | Tender Fee: USD 60 (voluntary) or USD 30 (mandatory) |
|
Australia Australian Stock Exchange (ASX) |
AUD 7.00 | 30% | Any other fees will be passed through at cost |
|
Japan Tokyo Stock Exchange (TSE) |
JPY 800 | 15.315% | |
|
Hong Kong Hong Kong Stock Exchange (HKEX) |
0.60% (Min HKD 50 / RMB 50 /USD 20 / GBP 12) | NIL | 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 8.00 | 10% | |
|
China B
Shenzhen Stock Exchange (SZSE) |
HKD 80 | 10% | |
|
Taiwan Taiwan Stock Exchange (TWSE) |
NTD 250 | 20% | Bonus Share: NTD 1,500 |
|
Korea Korea Exchange (KRX) including KOSDAQ |
KRW 8,000 | 22% | |
|
Indonesia Indonesia Stock Exchange (IDX) |
IDR 75,000 | 20% | |
|
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% |
- 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.
・GST Applies to AU residents for all service fees in relation to the Australian market only
・GST will not apply for Non-AU residents
| Details | Handling Fees | Other Pass-on Charges |
| Book Close Fee | CCASS Scrip Fee: HKD 1.50 per board lot | |
| Bonus Share | Free | |
| Rights Issue Entitlement | Free | |
| Excess Rights Application | Free | |
| Subscription of Rights & Warrants | HKD 150 | CCASS Fee: HKD 0.80 per board lot |
| Auto-exercise of Warrants | HKD 150 | CCASS Fee: HKD 0.80 per board lot |
| Open Offer | HKD 150 | CCASS Fee: HKD 0.80 per board lot |
| Cash Offer | HKD 150 |
CCASS Fee: HKD 0.80 per board lot
Stamp Duty: HKD 1.00 per HKD 1,000 (if any) |
| Share Consolidation / Split | Free | |
| Foreign Shares CCASS Custody Fee | CCASS Fee: HKD 0.25 per 100 shares per month | |
| ibond Custodian Fee | Free | |
| ibond Interest Collection Fee | Free | |
| ibond Redemption Fee | Free | |
| Change of Registration at Share Registrar | HKD 800 per stock per Registration | At cost |
| Markets | Other Costs |
|
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 *1: HKD 1.00 per HKD 1,000 gross amount
Levy: 0.0027% Trading Fee: 0.0050% 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 |
- Where a transaction on HKEX is subject to Stamp Duty the rate will be 0.10% of the gross amount, rounded up to the nearest Hong Kong dollar.
-
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: 1 December 2019 (version 3.0)
