An Australian brokerage company, Monex Securities Australia is offering one of the best deals for brokers. On Tuesday, the Monex International Group subsidiary made an interesting announcement to the public about stock trading without commission fees. By launching this free service, the company has become the latest in the industry to provide commission-free trading services. Right now, they are delivering it to eleven international markets of which the U.S and some Asia countries belong.
This kind of commission-free trading service is not yet popular in the foreign exchange markets and CFD space. However, many brokers in Europe and other parts of the world have started to adopt it.
However, Monex Securities has taken it to another level by offering it to Australian investors. In this service, they are offering it to investors who want to trade on international shares and other investment instruments. But of course, the investment instrument must be listed such as Exchange-traded funds.
Monex Awakes Aussie Investors To International Trading
One of the reasons for launching this free service to international markets is to awaken Aussie investors to trade abroad. We already know that the service extends to the United States, but other countries are also on the list. Monex is offering the same in Hong Kong, China, Singapore, South Korea, Thailand, Japan, Taiwan, the Philippines, and Indonesia.
By offering the service of trading without paying commission fees, Australians can now trade in these countries without fear.
Monex Comments on the free service
One of the stop shots in the company has made some comments concerning the decision to remove charges from trading. According to Alex Douglas who is the present Managing Director at Monex Securities Australia, the move is to encourage investors. The company has discovered that Aussie investors shy away from international markets due to cost, and decided to change it. With such a development many Australian traders will now be eager to trade in big companies. Investors can now enter top companies like Amazon, Apple, Google, Facebook, PCCW, Sony and up to 50,000 stocks without costs.
According to Douglas, the Forex market in Australia accounts for less than 3 percent of the “global market capitalization” He went further to say that many Australians in the Forex market are missing numerous opportunities. By avoiding the international markets due to the high cost of trading, they are not utilizing the many international investment instruments.
Therefore, Monex Securities plans to encourage Australian investors to start trading abroad. Since there will be no cost to international trading, they can now widen their operational horizon. Douglas emphasized that the United States is one of the largest Forex markets all over the world. If Aussie investors trade in their markets, they will enjoy many investment opportunities. The move will spur the investors into action. They can now utilize the opportunities that abound in foreign countries. At least, that’s what Monex Securities hope to achieve.