Monex Securities Account Type

Monex Securities offers various account types for investors in Japan, primarily focusing on the following:

• NISA Account: A tax-free investment account allowing individuals to invest up to 1,200,000 yen per year for five years without paying capital gains tax on profits.
• Tokutei Koza (特定口座): A designated investment account that automatically handles tax calculations, allowing investors to avoid the hassle of filing tax returns. This account has two options:
• Withholding (源泉徴収あり): Automatically deducts taxes on gains and dividends.
• No Withholding (源泉徴収なし): Requires the investor to declare gains but not dividends.
• Ippan Koza (一般口座): A regular taxable account where the investor is responsible for tax calculations and filings.

Monex Securities Broker Account Opening Process

To open an account with Monex Securities, follow these steps:

• Online Application: Fill out the online application form, providing personal details, including your "My Number" for tax purposes, and identification documents (e.g., passport, residence card).
• Document Submission: After completing the application, submit scanned copies of required documents via mail, including your photo ID and My Number card.
• Processing Time: Expect the account to be activated within 3-4 business days after document verification.
• Fund Your Account: Transfer funds into your Monex account using various methods, including linking with a bank account.
• Trading: Once your account is funded, you can start trading on the platform.

For more detailed information, visit Monex Securities.