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 |
- 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.
- 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 |
- GST applies for AU residents on any transaction fees related to deposit and any other service fees.
Fees and Charges by Country
| Type of Service | Fee Amount |
| Brokerage Service | Brokerage Fee 1 : FREE Settlement Currency 2 : 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 3 : 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 4 : 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 Service | Fee Amount |
| Brokerage Service | Brokerage Fee 1 : FREE * Settlement Currency 2 : 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 3 : 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 4 : NIL – for companies incorporated in Hong Kong 10% – for H-shares (Companies incorporated in Mainland China that are listed in Hong Kong) 5 [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 6 : 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
| Details | Handling Fees | Other Pass-on Charges |
| Book Close Fee 7 | 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 |
| Type of Service | Fee Amount |
| Brokerage Service | Brokerage Fee 1 : 0.132% (Min AUD 21.95) Settlement Currency 2 : AUD |
| Depository Services | Stock Custody: Free Stock Deposit: From AUD 50 per stock Stock Transfer Out 3 : 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 4 : 30% Other Corporate Actions: Any other fees will be passed through at cost |
| Other Associated Costs | |
| Other Pass-on Charges | nil |
| Type of Service | Fee Amount |
| Brokerage Service | Brokerage Fee 1 : 0.10% (Min JPY 2,000) Settlement Currency 2 : JPY |
| Depository Services | Stock Custody: Free Stock Deposit: From JPY 4,000 per stock Stock Transfer Out 3 : 2% (Min USD 2,000) |
| Nominee Services | Dividend Collection (Cash & Scrip): JPY 800 Dividend withholding Tax 4 : 15.315% |
| Other Associated Costs | |
| Other Pass-on Charges | nil |
| Type of Service | Fee Amount |
| Brokerage Service | Brokerage Fee 1 : 0.10% (Min RMB 88) Settlement Currency 2 : 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 3 : 2% (Min USD 2,000) |
| Nominee Services | Dividend Collection (Cash & Scrip): 0.60% (Min RMB 50) Dividend withholding Tax 4 : 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 Service | Fee Amount |
| Brokerage Service | Brokerage Fee 1 : 0.25% (Min USD 10) Settlement Currency 2 : USD |
| Depository Services | Stock Custody: Free Stock Deposit: n.a Stock Transfer Out 3 : n.a |
| Nominee Services | Dividend Collection (Cash & Scrip): USD 8.00 Dividend withholding Tax 4 : 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 Service | Fee Amount |
| Brokerage Service | Brokerage Fee 1 : 0.25% (Min HKD 80) Settlement Currency 2 : HKD |
| Depository Services | Stock Custody: Free Stock Deposit: n.a Stock Transfer Out 3 : n.a |
| Nominee Services | Dividend Collection (Cash & Scrip): HKD 80 Dividend withholding Tax 4 : 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 Service | Fee Amount |
| Brokerage Service | Brokerage Fee 1 : 0.20% (Min NTD 400) Settlement Currency 2 : 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 3 : n.a |
| Nominee Services | Dividend Collection (Cash & Scrip): NTD 250 Dividend withholding Tax 4 : 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 Service | Fee Amount |
| Brokerage Service | Brokerage Fee 1 : 0.30% (Min KRW 15,000) Settlement Currency 2 : USD |
| Depository Services | Stock Custody: Free Stock Deposit: n.a Stock Transfer Out 3 : n.a |
| Nominee Services | Dividend Collection (Cash & Scrip): KRW 8,000 Dividend withholding Tax 4 : 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 Service | Fee Amount |
| Brokerage Service | Brokerage Fee 1 : 0.25% (Min IDR 200,000) Settlement Currency 2 : USD |
| Depository Services | Stock Custody: Free Stock Deposit: From IDR 500,000 per stock Stock Transfer Out 3 : 2% (Min USD 2,000) |
| Nominee Services | Dividend Collection (Cash & Scrip): IDR 75,000 Dividend withholding Tax 4 : 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 Service | Fee Amount |
| Brokerage Service | Brokerage Fee 1 : 0.25% (Min MYR 80) Settlement Currency 2 : USD |
| Depository Services | Stock Custody: USD 3.00 per stock per month Stock Deposit: From MYR 200 per stock Stock Transfer Out 3 : n.a. |
| Nominee Services | Dividend Collection (Cash & Scrip): 1.35% (Min MYR 30) Dividend withholding Tax 4 : 25% |
| Other Associated Costs | |
| Other Pass-on Charges | Stamp Duty: Clearing Fee: 0.03% (Max MYR 1,000) Remittance Charge: MYR 75 |
| Type of Service | Fee Amount |
| Brokerage Service | Brokerage Fee 1 : 0.30% (Min PHP 500) Settlement Currency 2 : USD |
| Depository Services | Stock Custody: Free Stock Deposit: From PHP 2,000 per stock Stock Transfer Out 3 : 2% (Min USD 2,000) |
| Nominee Services | Dividend Collection (Cash & Scrip):Handling Fee: PHP 400, Registration Fee: PHP 1,200 Dividend withholding Tax 4 : 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 Service | Fee Amount |
| Brokerage Service | Brokerage Fee 1 :0.25% (Min SGD 25 or HKD 120 or USD 18) Settlement Currency 2 : SGD |
| Depository Services | Stock Custody: Free Stock Deposit: From SGD 50 per stock Stock Transfer Out 3 : 2% (Min USD 2,000) |
| Nominee Services | Dividend Collection (Cash & Scrip):1.35% (Min SGD 12) Dividend withholding Tax 4 : 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 Service | Fee Amount |
| Brokerage Service | Brokerage Fee 1 :0.30% (Min THB 300) Settlement Currency 2 : USD |
| Depository Services | Stock Custody: Free Stock Deposit: From THB 1,400 per stock Stock Transfer Out 3 : 2% (Min USD 2,000) |
| Nominee Services | Dividend Collection (Cash & Scrip):1.35% (Min THB 350) Dividend withholding Tax 4 : 10% |
| Other Associated Costs | |
| Other Pass-on Charges | V.A.T.: 0.014% on gross amount Remittance Charge: THB 1,000 |
- 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. 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%.
- 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.
- 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.
- 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.
- 0.002% out of the amount is the actual fee charged by CCASS.
- 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)
