Monex Securities Australia Launches Free Brokerage Service

Monex Securities Australia, the Australian brokerage subsidiary of Monex Worldwide Group, introduced this Tuesday that it has grow to be the most recent agency to supply commission-free inventory buying and selling for 11 worldwide markets, together with the US and most of Asia.

Fee-free buying and selling for shares, though nonetheless a comparatively new idea within the international change (foreign exchange) and contracts-for-difference (CFD) area, is beginning to be adopted by an increasing number of brokers, not solely in Europe however globally, as a part of a diversified providing.

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Nonetheless, Monex’s providing as we speak for its Australian traders takes this one step additional, because it not solely presents the free brokerage companies for traders who need to purchase and promote worldwide shares, but additionally for different listed funding devices, resembling ETFs.

Monex Securities Australia Prompts Aussie Traders to Commerce Overseas

In line with the assertion, Monex Securities Australia has launched its free brokerage service for 11 worldwide markets to encourage Australian traders to commerce exterior of Australia.

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Apart from the US, different markets the place the free brokerage service is relevant contains China, Hong Kong, Japan, Singapore, Taiwan, South Korea, Malaysia, Thailand, Indonesia, and the Philippines.

Alex Douglas of Monex Securities AustraliaAlex Douglas, MD at Monex Securities Australia
Supply: LinkedIn

Commenting on the choice, Alex Douglas, managing director at Monex Securities Australia stated: “We all know that top price is without doubt one of the explanation why many Australian traders should not shopping for or promoting worldwide shares, and we need to change that.”

Following the launch, the agency’s Aussie merchants can now purchase shares in prime firms resembling Apple, Amazon, Fb, Google, Sony, Hyundai, PCCW, along with one other practically 50,000 different shares with out paying brokerage charges.

“The Australian market accounts for significantly lower than 3% of worldwide market capitalisation. Australian traders are lacking out on an enormous vary of funding alternatives by not investing in offshore markets,” Douglas added.

“With this free brokerage provide we’d prefer to encourage Australian traders to widen their funding horizon and make the most of worldwide funding alternatives, significantly within the US, which stays one of many largest markets on the earth,” he continued.

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