Fees and Charges

Our competitive fees are listed below covering all our markets. 

Monex Brokerage Fees

Markets Brokerage 1 Minimum
United States
New York Stock Exchange (NYSE)
NASDAQ
0% $0
Hong Kong
Hong Kong Stock Exchange (HKEX)
0% * $0
Australia 2
Australian Stock Exchange (ASX)
0.132%   AUD 21.95 
Japan
Tokyo Stock Exchange (TSE)
0.10% JPY 2,000
China
Shanghai Stock Exchange (SSE)
Shenzhen Stock Exchange (SZSE)
(via Hong Kong Stock Connect)
0.10% RMB 88
China B
Shanghai Stock Exchange (SSE)
0.25% USD 10
China B
Shenzhen Stock Exchange (SZSE)
0.25% HKD 80
Taiwan
Taiwan Stock Exchange (TWSE)
0.20% NTD 400
Korea
Korea Exchange (KRX) including KOSDAQ
0.30% KRW 15,000
Indonesia
Indonesia Stock Exchange (IDX)
0.25% IDR 200,000
Malaysia
Bursa Malaysia (MYX)
0.25% MYR 80
Philippines
Philippines Stock Exchange (PSE)
0.30% PHP 500
Singapore
Singapore Exchange (SGX)
0.25%
SGD 25 or HKD 120 or USD 18
Thailand
Stock Exchange of Thailand (SET)
0.30% THB 300
*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. 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.

Fees and Charges by Country

Type of ServiceFee Amount 
Brokerage Service

Brokerage Fee FREE

Settlement Currency : USD

Automated Investment Service

Fixed Transaction Fee: For each U.S. stock: USD 8 per month (regardless of investment amount)

Custody Fee: Free

Plan Adjustment Handling Fee: Free

Plan Termination Handling Fee: Free

Depository Services

Stock Custody: Free

Stock Deposit: From USD 50 per stock

Stock Transfer Out : 2% (Min USD 2,000)

ADR Depositary Agent Fee: USD 0.03 per share per year

Nominee Services

Dividend Collection (Cash & Scrip): USD 4.00

Dividend withholding Tax : 30%

[Other Corporate Actions]

Tender Fee: USD 60 (voluntary) or USD 30 (mandatory)

Other Associated Costs
Other Pass-on Charges

[For SELL Order only]

Sales Tax: 0.00229%

Trading Fee: USD 0.000119 per share

[For BUY Order on French and Italian ADR only]

Financial Tax: 0.20%

Type of ServiceFee Amount 
Brokerage Service

Brokerage Fee : FREE *

Settlement Currency : HKD or USD or RMB

Automated Investment Service

Fixed Transaction Fee: For each Hong Kong stock: HKD 88 per month (regardless of investment amount)

# Inclusive of brokerage commission and all transaction related charges (Stamp Duty, Levy, Trading Fee and CCASS Fee)

Custody Fee: Free

Plan Adjustment Handling Fee: Free

Plan Termination Handling Fee: Free

Depository Services

Stock Custody: Free

Stock Deposit: From HKD 600 per stock

Stock Transfer Out : 2% (Min USD 2,000)

Compulsory Share Buy-Back Fee: At Cost

Nominee Services

Dividend Collection (Cash & Scrip): 0.60% (Min HKD 50 / RMB 50 /USD 20 / GBP 12)

Dividend withholding Tax :

NIL – for companies incorporated in Hong Kong

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

[Other Corporate Actions]

Please refer to the separate table on the following page

Other Associated Costs
Other Pass-on Charges

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

SFC Transaction Levy: 0.0027%

FRC Transaction Levy: 0.00015%

Trading Fee: 0.0050%

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

[For BUY Order on Italian Share Only]

Italian Tax: 0.22%

Other Corporate Actions – Hong Kong Markets
DetailsHandling Fees Other Pass-on Charges 
Book Close Fee 7 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
Type of ServiceFee Amount 
Brokerage Service

Brokerage Fee : 0.132% (Min AUD 21.95)

Settlement Currency : AUD

Depository Services

Stock Custody: Free

Stock Deposit: From AUD 50 per stock

Stock Transfer Out : 2% (Min USD 2,000)

Other Fees: Any other fees will be passed through at cost

Nominee Services

Dividend Collection (Cash & Scrip): AUD 7.00

Dividend withholding Tax : 30%

Other Corporate Actions: Any other fees will be passed through at cost

Other Associated Costs
Other Pass-on Chargesnil 
Type of ServiceFee Amount 
Brokerage Service

Brokerage Fee : 0.10% (Min JPY 2,000)

Settlement Currency : JPY

Depository Services

Stock Custody: Free

Stock Deposit: From JPY 4,000 per stock

Stock Transfer Out : 2% (Min USD 2,000)

Nominee Services

Dividend Collection (Cash & Scrip): JPY 800

Dividend withholding Tax : 15.315%

Other Associated Costs
Other Pass-on Chargesnil
Type of Service Fee Amount 
Brokerage Service

Brokerage Fee : 0.10% (Min RMB 88)

Settlement Currency : RMB

Depository Services

Stock Custody: 0.018% p.a. of total market value on daily basis, monthly aggregate

Stock Deposit: From CNY 250 per stock

Stock Transfer Out : 2% (Min USD 2,000)

Nominee Services

Dividend Collection (Cash & Scrip): 0.60% (Min RMB 50)

Dividend withholding Tax : 10%

[Other Corporate Actions]

Any Offers/Issues and Sub/Auto Exercise of Rights/Warrants: RMB 100

Other Associated Costs
Other Pass-on Charges

Handling Fee: 0.00487%

Securities Management Fee: 0.002%

Transfer Fee: 0.004% (on gross amount)

Stamp Duty: 0.10% (For SELL order only)

Type of ServiceFee Amount 
Brokerage Service

Brokerage Fee : 0.25% (Min USD 10)

Settlement Currency : USD

Depository Services

Stock Custody: Free

Stock Deposit: n.a

Stock Transfer Out : n.a

Nominee Services

Dividend Collection (Cash & Scrip): USD 8.00

Dividend withholding Tax : 10%

Other Associated Costs
Other Pass-on Charges

Service Charge: 0.15% (Min USD 35)

Clearing Fee: 0.002% (Max USD 50)

Levy: 0.00487%

CSRC Fee: 0.002%

Stamp Duty: 0.10% (For SELL order only)

Type of ServiceFee Amount 
Brokerage Service

Brokerage Fee : 0.25% (Min HKD 80)

Settlement Currency : HKD

Depository Services

Stock Custody: Free

Stock Deposit: n.a

Stock Transfer Out : n.a

Nominee Services

Dividend Collection (Cash & Scrip): HKD 80

Dividend withholding Tax : 10%

Other Associated Costs
Other Pass-on Charges

Service Charge: 0.15% (Min HKD 150)

Clearing Fee: 0.002% (Max HKD 500)

Levy: 0.00687%

Stamp Duty: 0.10% (For SELL order only)

Type of ServiceFee Amount 
Brokerage Service

Brokerage Fee : 0.20% (Min NTD 400)

Settlement Currency : USD

Depository Services

Stock Custody: 0.12% p.a. (pay monthly based on the month end portfolio value)

Stock Deposit: n.a

Stock Transfer Out : n.a

Nominee Services

Dividend Collection (Cash & Scrip): NTD 250

Dividend withholding Tax : 20%

[Other Corporate Actions]

Bonus Share: NTD 1,500

Other Associated Costs
Other Pass-on Charges

Transaction Fee: NTD 1,500

Remittance Charge: NTD 800

Sales Tax: 0.30% (For SELL order only)

Type of ServiceFee Amount 
Brokerage Service

Brokerage Fee : 0.30% (Min KRW 15,000)

Settlement Currency : USD

Depository Services

Stock Custody: Free

Stock Deposit: n.a

Stock Transfer Out : n.a

Nominee Services

Dividend Collection (Cash & Scrip): KRW 8,000

Dividend withholding Tax : 22%

Other Associated Costs
Other Pass-on Charges

Remittance Charge: KRW 30,000

Sales Tax: 0.23% for Board Lot; 0.50% for Odd Lot (For SELL order only)

Type of ServiceFee Amount 
Brokerage Service

Brokerage Fee : 0.25% (Min IDR 200,000)

Settlement Currency : USD

Depository Services

Stock Custody: Free

Stock Deposit: From IDR 500,000 per stock

Stock Transfer Out : 2% (Min USD 2,000)

Nominee Services

Dividend Collection (Cash & Scrip): IDR 75,000

Dividend withholding Tax : 20%

Other Associated Costs
Other Pass-on Charges

Levy: 0.0433%

V.A.T.: 11% on commission

Remittance Charge: IDR 200,000

Sales Tax: 0.10% (For SELL order only)

Type of ServiceFee Amount 
Brokerage Service

Brokerage Fee : 0.25% (Min MYR 80)

Settlement Currency : USD

Depository Services

Stock Custody: USD 3.00 per stock per month

Stock Deposit: From MYR 200 per stock

Stock Transfer Out : n.a.

Nominee Services

Dividend Collection (Cash & Scrip): 1.35% (Min MYR 30)

Dividend withholding Tax : 25%

Other Associated Costs
Other Pass-on Charges

Stamp Duty:
Stocks or Shares: MYR 1.5 per MYR 1,000 (Max: MYR 1,000)
Rights and Warrants: MYR 1 per MYR 1,000 (Max: MYR 200)

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

Remittance Charge: MYR 75

Type of ServiceFee Amount 
Brokerage Service

Brokerage Fee : 0.30% (Min PHP 500)

Settlement Currency : USD

Depository Services

Stock Custody: Free

Stock Deposit: From PHP 2,000 per stock

Stock Transfer Out : 2% (Min USD 2,000)

Nominee Services

Dividend Collection (Cash & Scrip):Handling Fee: PHP 400, Registration Fee: PHP 1,200

Dividend withholding Tax : 30%

[Other Corporate Actions]

Bonus Share: PHP 1,000 (Registration Fee)

Other Associated Costs
Other Pass-on Charges

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)

Type of ServiceFee Amount 
Brokerage Service

Brokerage Fee :0.25% (Min SGD 25 or HKD 120 or USD 18)

Settlement Currency : SGD

Depository Services

Stock Custody: Free

Stock Deposit: From SGD 50 per stock

Stock Transfer Out : 2% (Min USD 2,000)

Nominee Services

Dividend Collection (Cash & Scrip):1.35% (Min SGD 12)

Dividend withholding Tax : 20%

Other Associated Costs
Other Pass-on Charges

Trading Fee: 0.0075%

Clearing Fee: 0.0325%

Remittance Charge: SGD 0 or USD 20 or HKD 0

Settlement Fee: SGD 0.35 or equivalent

Type of ServiceFee Amount 
Brokerage Service

Brokerage Fee :0.30% (Min THB 300)

Settlement Currency : USD

Depository Services

Stock Custody: Free

Stock Deposit: From THB 1,400 per stock

Stock Transfer Out : 2% (Min USD 2,000)

Nominee Services

Dividend Collection (Cash & Scrip):1.35% (Min THB 350)

Dividend withholding Tax : 10%

Other Associated Costs
Other Pass-on Charges

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

Remittance Charge: THB 1,000

 

  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. 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.
  4. 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.
  5. 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.
  6. 0.002% out of the amount is the actual fee charged by CCASS.
  7. 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.
  • GST Applies to AU residents for all service fees in relation to the Australian market only
  • GST will not apply for Non-AU residents

 

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: 16 May 2022 (version 5.1)