Monex Account Type

Monex offers a variety of account types to cater to different trading needs. Here are the primary account types available:

• Standard Account:
• Minimum Deposit: IDR 500,000
• Spreads: Starting from 1.8 pips
• Commission: $1 per lot
• Ultra Low Account:
• Minimum Deposit: IDR 500,000
• Spreads: Starting from 0.3 pips
• Commission: $10 per lot
• Pro Account:
• Minimum Deposit: IDR 100,000,000
• Spreads: Starting from 0.3 pips
• Commission: $5 per lot
• Demo Account:
• Offers $10,000 in virtual funds for practice, ideal for beginners to learn trading strategies without financial risk.

These account types allow traders to choose the one that best fits their trading style and financial goals.

Monex Broker Account Opening Process

To open an account with Monex, follow these steps:

• Preparation:
• Have your smartphone (for app installation) and a valid email address ready for verification.
• Online Application:
• Fill in the application form online via the Monex platform.
• Ensure to provide accurate personal and financial information.
• Submit Documents:
• Attach supporting documents, including a copy of your valid official ID and proof of residential address (e.g., utility bill or bank statement dated within the last three months).
• Verification:
• Once submitted, your application will be reviewed by Monexs compliance team. This process typically takes 3 to 5 business days.
• Account Activation:
• Upon approval, you will receive an email with your account details, including login credentials.
• Funding Your Account:
• You can fund your account through various methods, including bank transfers.

For more detailed information about the account types and opening process, please visit the following sources:

• PediaFX
• BrokerXplorer