Monex, Inc.

Written by How we review

Monex, Inc. is a well-regarded forex broker offering access to global currency markets through web and mobile platforms, with research, charting, and risk management tools. It operates under local regulation and provides clear pricing and customer support.
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Key facts

8.3/10
Our rating
#49
Trust rank
1999
Founded
6
Licences
1
Countries accepted
HeadquartersJapan
Broker typeMarket Maker
RegulationJFSA
PlatformsProprietary
InstrumentsForex
Fee levelMedium

Updated

Pros

  • • JFSA-regulated (Japan)
  • • Backed by TSE-listed Monex Group
  • • Segregated client funds (trust accounts)
  • • Proprietary FX trading platforms (web/mobile)
  • • Local Japanese customer support

    • Cons

  • • No MT4/MT5 support
  • • 25:1 leverage cap
  • • Japan residents only onboarding
  • • No Islamic (swap-free) accounts
  • • Limited funding options

    • Key Features

  • • Japan FSA Regulated Securities and FX Broker
  • • Segregated Client Funds and FFAJ Membership
  • • OTC Forex Margin Trading up to 25 to 1 Leverage
  • • Proprietary Web and Mobile Trading Platforms
  • • Advanced Charting and Multi Leg Orders OCO IFD IFO
  • • Backed by TSE Listed Monex Group

    • Similar Brokers

    Where This Broker Ranks

    Monex, Inc. is not in the top 10 for any country or territory we rank yet. Each list shows the ten highest-rated brokers that accept clients there. How we rate brokers · All rankings by country

    How we review: We rate brokers on regulation, safety of client funds, trading costs, platforms and tools, execution, and reputation, using independent research and hands-on platform testing where possible. Partners cannot buy higher scores. This content is informational only, not investment advice.

    See our Methodology and Risk Disclosure for full details.

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    Frequently Asked Questions

    Monex, Inc. is an online broker that offers over-the-counter forex trading. You can access popular and less-traded currency pairs and place trades on web and mobile platforms. You get live pricing, charts, and common order types, including market, limit, and stop. You can set alerts and use basic risk controls. Funding and withdrawals depend on your location and account profile. Fees apply through spreads and may include commissions or financing on held positions. Service terms and product access can vary, so you should review the broker legal documents before you start.

    You start with an online application. You enter your personal details and answer questions about your experience and goals. You upload identity and address documents for verification. You accept risk and product disclosures and the customer agreement. Extra checks may apply based on your profile or region. After approval, you set security features, fund the account with a supported method, and configure platform access. Corporate and professional accounts may need more paperwork. Processing times vary. Keep your login and two-factor codes secure, since you are responsible for account activity.

    You can trade through web and mobile platforms that support watchlists, multi-chart layouts, drawing tools, and technical indicators. You can place market, limit, and stop orders, and use advanced types such as trailing stops or OCO when available. You can monitor margin, balances, and exposure in real time. You get notifications and price alerts. Some accounts support API access for custom workflows. Research, education, and customer support are available in supported regions. Platform features can differ by account type, so you should check the current specifications and terms before you trade.

    You pay trading costs through the bid-ask spread and, on some accounts, an added commission. If you hold positions overnight, financing charges may apply. You may also face currency conversion costs when funding or withdrawing in a different currency. Your bank or payment provider can charge its own fees. The broker can charge account or platform fees in some cases, such as inactivity or special services. Costs vary by pair and account type. Review the fee schedule, disclosures, and product terms so you understand how charges apply to you.

    The broker states that it safeguards client money and uses operational controls to separate company funds from client funds as required in its jurisdiction. You can add security features such as two-factor authentication, device checks, and alerts. The platforms use encryption and session controls. You remain responsible for your credentials and for keeping your devices secure. There is always market and operational risk when you trade online. Review risk disclosures from the firm, the account agreement, and policy pages to learn how client money protection and security controls work.

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