Monex AU has a very simple account opening process. Click on the
www.forex.monexsecurities.com.au page to complete the application form and provide any documentation requested.
Once the on-line application has been approved by our on-boarding team, an email with your trading account details will be sent to your nominated email with us.
Monex AU has two MT4 account types, a Standard account and a Pro/ECN account. The Standard account does not charge a commission and mark-ups up the spreads on average of 1pip above our raw interbank price feed from our liquidity providers. The Pro/ECN account offers raw inter-bank spreads received from our liquidity providers, and adds a certain commission per standard lot, per side. Please refer to Monex AU Product and Charges List for more fees and cost information.
Monex AU offers standard leverage of 1:100 with a maximum of 1:200 dependant on the trading experience of the client. Monex AU wants to promote and encourage more responsible level and use of leverage particularly for retail traders. You can request a change to your leverage through the Client Portal.