Monex Securities Account Type

Monex Securities offers a variety of account types to cater to the diverse needs of investors. The primary account types include:

• Individual Account: Designed for single investors, allowing them to manage their investments independently.
• Joint Account: Suitable for two individuals who wish to share ownership of the account, with rights of survivorship.
• Corporate Account: For businesses looking to manage their investment portfolios, requiring additional documentation for verification.

Each account type has specific requirements and benefits, such as access to various financial instruments, including stocks, ETFs, and more. The minimum deposit to open an account is AUD 200, and there are no minimum requirements on stock holding or number of trades.

Monex Securities Broker Account Opening Process

Opening an account with Monex Securities involves a straightforward process:

• Select Account Type: Choose the appropriate account type (Individual, Joint, or Corporate) based on your investment needs.

• Prepare Required Documents: Gather necessary documents, including:

• Valid official ID or passport
• Proof of residential address (e.g., utility bill, bank statement)
• For corporate accounts, additional documents such as a business registration certificate and board resolutions may be required.
• Complete Application:
• For Individual and Joint Accounts:
• Fill out the online application through the Monex Securities website or app.
• Submit supporting documents electronically.
• For Corporate Accounts:
• Download and print the corporate account opening form.
• Complete and sign the form, then return it with the required documents either in person or by mail.

• Account Verification: Once the application is submitted, Monex Securities will review and validate the information. This process typically takes 3 to 5 business days.

• Funding the Account: After approval, fund your account using a wire transfer. The first withdrawal of the month is free, while subsequent withdrawals may incur a fee.

• Start Trading: Once your account is funded, you can start trading across various markets.

For detailed information, visit Monex Securities.