Zero Brokerage on All International Shares and Listed Equities - 11 Global Markets @ Monex Securities

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Store RepLmonexsecurities2 on 21/08/2019 - 10:09 monexsecurities.com.au (199 clicks)
Last edited 21/08/2019 - 10:27 by 1 other user

ENDNOV2019

TRADE INTERNATIONAL MARKETS WITH ZERO BROKERAGE* - EXCLUSIVE OFFER

Access ZERO brokerage across all our international listed securities; this includes company shares, ETFs, Listed Investment Trusts and Listed Investment Companies (LITs and LICs), and Real Estate Investment Trusts (REITs). This comprises some 50,000 international listed securities you can trade with absolutely NO brokerage fee. No minimum deposit.

Trade United States, Hong Kong, China, Taiwan, Japan, South Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines all Brokerage Free.

1. Register your details to secure your ZERO BROKERAGE on international trades offer.
2. Once you're registered, a confirmation will be presented on the confirmation page.
3. You can also supercharge your ZERO BROKERAGE offer by extending it to end November 2019.

Try the savings calculator to see how much you can save based on trades and volume.

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  Arinnn on 21/08/2019 - 10:16

  Associated flair required for op.

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  Polypterus on 21/08/2019 - 10:48

  1. Duration (Promotion Period)
     1) From (00:00:00 AEST) 01st July 2019 to (23:59:59 AEST) 31st August 2019, unless the Participant registers for the extended end date of (23:59:59 AEST) 30th November 2019, by activating a trading account before 31st August 2019.
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    Store Repmonexsecurities2 @ Monex Securities on 21/08/2019 - 11:33

    Thanks for your post Polypterus. Just to confirm, you can register to get access to the extended November 30 offer, and can activate your account anytime between now and then to get access to the free brokerage on international trades. No pressure to activate or fund right away.

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  bonky on 21/08/2019 - 11:34

  +1

  Sorry for the pun… but.. thanks for Sharing! lol

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  Ninja9 on 21/08/2019 - 12:10

  Op, this is not a lifetime zero brokerage, correct?

  how do we fund our trading account locally and internationally?

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    Store Repmonexsecurities2 @ Monex Securities on 21/08/2019 - 12:30

    +1

    Thanks AlwaysON. You are right, this free brokerage deal will conclude on Nov 30 and is active between now and then. It may be extended beyond Nov 30, but not confirmed to do so as yet.

    Regarding funding and foreign currency trading, we're AU based so you will deposit in AUD. Then when you're ready to trade, the system will tell you your buying power in any nominated currency, so say it's USD from there you can trade US stocks. When you sell your shares, we keep your funds in your nominated currency, so you can trade multiple times in your desired currency without getting hit for FX conversion rates back to AUD each time. This is a good money saving feature. When you're done trading and want to convert your funds back to AUD to withdraw or convert to another currency to trade, it is at this point that a minimal FX conversion markup is applied.

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      Ninja9 on 21/08/2019 - 15:46

      What is the brokerage after the promo, flat or percentage?
      Which bank are you guys with?
      Are client monies held in individual account?
      Who holds the purchased shares?

      • 

        Store Repmonexsecurities2 @ Monex Securities on 22/08/2019 - 10:19

        Hi AlwaysON, thank you for your questions. My comments below.

        1) What is the brokerage after the promo, flat or percentage? :: 1A) When we go back to normal brokerage, it would revert to 0.1% or $9.95 whichever is larger.
        2) Which bank are you guys with? :: 2A) Commonwealth Bank
        3) Are client monies held in individual account? :: 3A) Client money is held in accordance with ASIC's Client Money Rules, in a segregated client money account
        4) Who holds the purchased shares? :: 4A) Shares purchased through Monex AU are held by a trustee, with the client as the beneficiary.

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      OneTonneRodeo on 21/08/2019 - 18:25

      As far as buying power in the nominated currency, what sort of spread is there with currency conversion to buy international shares? Is it a standardised rate across the board (e.g. like some competitors at say 0.6%), or does it vary from market to market?

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        Store Repmonexsecurities2 @ Monex Securities on 22/08/2019 - 10:22

        Hi alloveranthony, thanks for your questions.

        The best way I can answer is that "Buying Power" is only meant to provide an approximate guide as to the value of funds in another currency. It includes a significant buffer to allow for currency volatility but the actual rate used for conversion will be closer to the interbank rate with a small margin, in-line with (and usually smaller than) the margins applied by our competitors. There is potential for this margin to vary from market to market and under various market conditions.

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  obavatar on 22/08/2019 - 09:00

  +2

  How does this compare to Stake? (Stake.com.au)

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  Store Repmonexsecurities2 @ Monex Securities on 22/08/2019 - 14:49

  Hi obavatar, thanks for your question. I think the main difference is the number of markets. Stake is US focused and Monex has access to 11 international markets around the world from the one platform. https://www.monexsecurities.com.au/page/markets/.