Overview of Monex Group

Monex Group, Inc. is a financial services company based in Japan. It was founded in 1999 and is regulated by the Financial Services Agency (FSA) of Japan. The company offers various trading platforms, including Monex Trader for stocks and futures, Monex Trader FX for forex trading, Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision.

Monex Group provides a wide range of tradable assets to its clients. These include domestic stocks, US stocks, Chinese stocks, investment trusts, bonds, initial public offerings (IPOs), stock lending services, ETFs, foreign exchange currency pairs, cryptocurrency CFDs, and more.

The specific account types and minimum deposit requirements are not specified in the available information. However, Monex Group offers customer support through email and phone. It provides various payment methods, such as instant deposit services, regular automatic deposit services, ATM deposits through Monex Saison cards, and bank transfers.

For educational purposes, Monex Group offers financial investment information and monthly disclosure of company information, news releases, and other resources to assist traders and investors in making informed decisions.

Is Monex Group legit or a scam？

Monex Group, represented by its licensed institution Monex Securities Inc. (マネックス証券株式会社), is a legitimate and regulated online securities company operating under the supervision of the Financial Services Agency in Japan. Since September 30, 2007, Monex Securities Inc. has held a retail forex license (License No.: 関東財務局長(金商)第165号), ensuring compliance with industry standards and regulations. The company's headquarters are located at 1-12-32 Akasaka, Minato-ku, Tokyo, and they can be contacted at 03-4323-3800. This regulatory oversight and transparency contribute to the trustworthiness and credibility of Monex Group.

Pros and Cons

Monex Group, a reputable online securities company based in Tokyo, Japan, offers several advantages and drawbacks to consider. One of its significant strengths is being FSA-regulated, ensuring a level of security and adherence to regulatory standards. Additionally, Monex Group provides a diversified range of products and services, catering to the needs of various investors. Another advantage is the availability of multiple trading platform options, allowing traders to choose the one that suits their preferences. Moreover, Monex Group supports various payment methods, enhancing convenience for clients.

However, there are a couple of downsides to be aware of. Firstly, there is no clear information regarding the minimum deposit requirement, which may pose a challenge for potential investors. Secondly, the customer support provided by Monex Group is considered average, and some clients may have higher expectations in terms of responsiveness and assistance. Overall, Monex Group offers a regulated and diverse investment environment but could improve certain aspects like providing more transparent deposit information and enhancing customer support.

Market Instruments

Monex Group offers a comprehensive range of products and services to investors. These include domestic stocks, US stocks, Chinese stocks, investment trusts, bonds, IPOs, stock lending services, ETFs, foreign exchange currency pairs, cryptocurrency CFDs, and bonds. With such a diverse selection, investors have the opportunity to diversify their portfolios and access a wide range of investment options. Whether they are interested in stocks, bonds, or alternative investments like cryptocurrency, Monex Group aims to meet the diverse needs and preferences of its clients.

Commissions

The diverse lineup of products offered by MONEX is from 110 yen for physical trading to 99 yen for margin trading (tax included), both beginners and experienced traders can make a small investment at a reasonable price. The monthly Fixed Commission Process calculates the commission for the total daily contract amount, which traders can choose according to their needs. For example, the brokerage fee for China stocks (tax included) is 0.275% of the contract price (minimum fee HK$49.5, maximum fee HK$495). The fee for Nikkei 225 Mini Index is 38 yen per order, and the fee for Nikkei 225 Futures is 275 yen per order.

Trading Platforms

Monex Group provides a wide range of flexible trading platforms to cater to the needs of traders. These platforms include Monex Trader, which supports trading in stocks and futures, Monex Trader FX, specifically designed for forex trading, Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision. These platforms offer different features and functionalities to enhance the trading experience and allow traders to access a variety of financial instruments. Whether traders are interested in stocks, futures, forex, or market information, Monex Group offers diverse options to suit their preferences and trading strategies.

TradeStation offers state-of-the-art trading technology and online electronic brokerage services to active individual and institutional traders. TradeStation has been able to leverage its award-winning technology solutions in global markets extending from Europe to Japan, China, and South Korea. TradeStations powerful yet convenient mobile and web trading apps let clients capitalize on trading opportunities virtually anytime anywhere, while its desktop platform provides all the tools needed to design, test, optimize, automate, and monitor custom equities, options and futures trading strategies. TradeStation also provides personalized support from fully licensed brokerage professionals, a vast array of educational offerings to help clients improve their trading skills, different accounts to meet every trading and investment objective, and simplified low-cost commission pricing.

Deposit & Withdrawal

MONEX provides investors with a diverse selection of deposit and withdrawal options, ensuring convenience and flexibility. Investors can choose from instant deposit services, regular automatic deposit services, ATM deposits through Monex Saison cards, and bank transfers. These options allow investors to easily fund their investment accounts and access their funds when needed. With a variety of choices available, MONEX aims to accommodate the preferences and requirements of its clients, making the deposit and withdrawal process efficient and user-friendly.

Customer Support

Clients with any inquiries or trading-related issues can easily contact MONEX through various accessible channels. They can reach out to MONEX via telephone at +81 0120-430-283 or send an email to feedback@monex.co.jp. Additionally, MONEX maintains an active presence on popular social media platforms such as Twitter, Facebook, and YouTube, allowing clients to stay updated and engage with the company. These multiple contact channels provide clients with convenient options to seek assistance, receive support, and stay connected with MONEX, ensuring a responsive and interactive customer experience.

Education Resources

Monex Group claims to provide comprehensive educational resources for investors. Here are some key points about the educational resources offered by Monex Group:

1. For New Investors:

Monex Group provides tailored educational materials and resources specifically designed for new investors. These materials cover a wide range of topics, including investment basics, risk management, and investment strategies.

2. Financial Result Related Materials:

Monex Group regularly publishes financial result-related materials to keep investors informed about the company's performance. These materials include financial statements, earnings reports, and management commentary, providing a transparent view of the company's financial health.

3. IR Library:

Monex Group maintains an extensive IR (Investor Relations) library, which serves as a repository for various important documents. This library includes consolidated financial summaries, presentation materials, and the annual report, offering comprehensive information about the company's operations and performance.

4. Stock & Rating Information:

Monex Group provides detailed stock and rating information to help investors make informed decisions. This information includes stock profiles, stock prices, credit ratings, and analyst coverage, enabling investors to stay updated on the company's stock performance and market analysis.

Conclusion

In conclusion, Monex Group is a legitimate online securities company based in Tokyo, Japan, regulated by the Financial Services Agency. They offer a wide range of market instruments, including domestic and international stocks, investment trusts, bonds, IPOs, and various trading services. Monex provides different trading platforms to cater to the needs of traders, and they offer flexible deposit and withdrawal options. While Monex Group has several advantages such as a diverse product lineup and regulated operations, some potential disadvantages may include transaction fees and spreads associated with certain products. Overall, Monex Group presents itself as a reputable option for individuals interested in online securities trading, backed by a strong regulatory framework and customer support channels.

FAQs

Q: What is the Global Vision business strategy of Monex Group？

A: The Global Vision is a comprehensive initiative that brings together all companies within Monex Group worldwide, aiming to establish a truly global online financial institution that generates beneficial synergies for all stakeholders.

Q: How does Monex Group aspire to be a Global Technology-based Retail Financial Service Provider？

A: Monex Group, formed through the merger of Monex, Inc. and Nikko Beans, Inc., leverages its expertise and strengths in the capital markets to become a leading Global Technology-based Retail Financial Service Provider.

Q: How does Monex Group disclose information？

A: Monex, Inc., a subsidiary of Monex Group, provides monthly disclosures. While the Monex, Inc. website is available only in Japanese, information about Monex Group, Inc., the parent company listed on the Tokyo Stock Exchange, can be found in both Japanese and English on their website at https://www.monexgroup.jp/en/. This includes company information and news releases.

Q: What affiliations does Monex, Inc. have？

A: Monex, Inc. is a registered financial instruments firm under the Financial Instruments and Exchange Law of Japan (registered number 165). It is a member of several associations, including the Japan Securities Dealers Association, Type II Financial Instruments Firms Association, The Financial Futures Association of Japan, Japan Virtual and Crypto Assets Exchange Association, and Japan Investment Advisers Association.

Risk Warning

Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks.

General Information

What is Yuanta Futures？

Yuanta Futures Co., Ltd is a Taiwan-based business that specializes in futures brokerage and proprietary trading. It was established in 2011. The company runs its businesses through futures brokerage, which includes domestic futures brokerage, domestic options brokerage, offshore futures brokerage, and offshore option brokerage services; proprietary business, which involves trading in securities, futures, and options, among other things; consultancy services, which include futures market analysis and advices, futures-related book publishing and seminars, as well as futures managing services, proprietary trading, and other businesses. TPEx has granted Yuanta Futures Co., Ltd authorization and regulation; nevertheless, the entire scope of its regulatory license has not been made public.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Yuanta Futures Alternative Brokers

There are many alternative brokers to Yuanta Futures depending on the specific needs and preferences of the trader. Some popular options include:

• GF Futures - A highly regarded futures broker known for its comprehensive range of services and expertise, making it a reliable choice for clients seeking reliable futures brokerage solutions.

• HUISHANG FUTURES - A prominent futures broker that stands out for its strong research capabilities and customer-focused approach, making it a recommended option for investors seeking in-depth market analysis and personalized support.

• HUALIAN FUTURES - A well-established futures broker known for its robust technological infrastructure and user-friendly platforms, making it a recommended choice for clients looking for advanced trading tools and a seamless trading experience.

Is Yuanta Futures Safe or Scam？

Yuanta Futures operates under the regulation of TPEx (Taipei Exchange), which provides a level of oversight and compliance to their operations. However, it is important to note that there have been reports from users encountering difficulties with fund withdrawals and incidents related to potential scams associated with Yuanta Futures. These reports raise concerns and highlight the need for caution when considering Yuanta Futures as a trading option.

Products & Services

• Futures Introducing Broker (IB)

Yuanta Futures IB business has 21 clients, including Yuanta Securities, Taiwan Cooperative Securities, Kuanz Ho Securities, Taichung Bank Securities, Fenglong Securities, and others, as well as five clearing houses including Yuanta Securities, Optiver Taiwan, and Oriental Securities Corporation; additionally, with a convenient network of electronic channels (mobile phone app and internet platform), Yuanta Futures provides service without boundaries.

• FINI Department

The team at Yuanta Futures offers top-notch services to foreign institutional investors. These services include domestic agent services, manual order placement, a variety of quick and secure electronic order placement platforms, and tailored after-hours reports to fulfill the specific requirements of all of our FINI clients.

• Leverage Transaction Merchant

Yuanta Futures claims to offer clients and institutional investors a wide variety of profit and hedging channels because Yuanta Futures was the first to introduce foreign currency margin trading. The broker provide services in more than thirty foreign currencies, as well as program trading strategies, and on the basis of our advantages as a leading brand in options and long-term development of foreign exchange futures. In the future, Yuanta will work to gradually introduce the buying of Taiwan stock options, forward contracts, option contracts, exchange contracts, contracts for difference, and other related products, or combination contracts, like links to fixed income products, as the regulatory authorities continue to open the market.

Trading Platform

Yuanta Futures offers a flexible and convenient electronic operating platform - the cutting-edge Yuanta Futures Wizard app - providing consumers a fresh program trading experience. Yuanta Futures has Taiwan's strongest sales force and a wealth of professional expertise. Yuanta Futures has attempted to dispel the mystique and danger that previously surrounded the futures market and create a new age of riches and stability for its clients.

See the trading platform comparison table below:

User Exposure on WikiFX

On our website, you can see reports of unable to withdraw and scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section. We would appreciate it and our team of experts will do everything possible to solve the problem for you.

Customer Service

The Yuanta Futures customer support can be reached through telephone: 886-2-23261000 / 0800-333-338, as well as Facebook and Line.

Address: 3F., No. 77, Sec. 2, Nanjing E. Rd., Zhongshan Dist., Taipei City 104089 , Taiwan (R.O.C.).

Conclusion

In conclusion, the current situation surrounding Yuanta Futures raises significant concerns regarding the ability to withdraw funds associated with the company. While Yuanta Futures operates under the regulation of TPEx, the alleged difficulties in the withdrawal process have eroded trust and confidence among investors.

It is crucial for regulatory authorities to thoroughly investigate these reports and take appropriate actions to protect the interests of investors and uphold the integrity of the financial market. Addressing these concerns is paramount to restoring trust in Yuanta Futures as a reliable financial institution.

Frequently Asked Questions (FAQs)

Q1: What is the regulatory authority overseeing Yuanta Futures' operations？

A1: Yuanta Futures is regulated by TPEx (Taiwan Stock Exchange).

Q2: How can customers contact Yuanta Futures' customer support？

A2: Customers can reach Yuanta Futures' customer support through telephone at 886-2-23261000 / 0800-333-338. They can also contact customer support through Facebook and Line.

Q3: What is the electronic operating platform provided by Yuanta Futures？

A3: Yuanta Futures offers the Yuanta Futures Wizard app, which is a flexible and convenient electronic operating platform designed to enhance the trading experience for users.