ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

Monex launching online brokerage business in Australia

Japanese group aims to tap retirement savings through cheap fees

TOKYO -- Japanese financial services company Monex Group will launch an online brokerage operation as early as October in Australia, in hopes of capturing the country's rich retail investment market through an expansive offering and cheap fees.

Monex will provide access to stocks listed in such countries as Japan, the U.S. and China. It has also opened a physical office after getting authorization from local authorities. It aims to keep transaction fees at about a fifth of those of Australian rivals on trading U.S. issues, for example.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more