TOKYO -- Japanese online brokerage Monex Group will slash the minimum fee on purchases of U.S. stocks to 10 cents from the current $5 starting Monday and eliminate foreign exchange fees until January, Nikkei has learned.
The changes will put Monex among the lowest-charging brokerages for American shares, even compared to U.S. peers. The $5 floor is common among domestic online rivals like SBI Securities and Rakuten Securities, part of SBI Group and online mall operator Rakuten, respectively.
