CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Japanese brokerage Monex to offer wealth management services

By Andreas Ismar

09:21, 14 October 2021

Young couple speaking with financial adviser
Young couple speaking with financial adviser - Photo: Shutterstock

Japanese brokerage Monex Group, the parent company of Coincheck cryptocurrency exchange, will open its doors for high net-worth clients by launching a private wealth department, shifting up the gear following growing customer base of its financial advisory.  

Beyond its home market, Monex has online brokerages for retail investors in China, Hong Kong, Australia, and US, where it operates under the TradeStation brand. It also offers services in international foreign exchange, asset management, and merger and acquisition advisory.

Monex has been offering in-person consultation to its customers through independent financial advisors and assets under management has been steadily growing, creating a base for the launch of a private wealth division, it said in a statement.

Gold

1,948.36 Price
-1.480% 1D Chg, %
Long position overnight fee -0.0185%
Short position overnight fee 0.0103%
Overnight fee time 21:00 (UTC)
Spread 0.30

XRP/USD

0.53 Price
+0.700% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.00406

Oil - Crude

71.98 Price
+2.450% 1D Chg, %
Long position overnight fee -0.0201%
Short position overnight fee -0.0018%
Overnight fee time 21:00 (UTC)
Spread 0.04

BTC/USD

27,178.25 Price
+0.330% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 60.00

Targeting high net-worth individuals

“The enhanced in-person marketing is especially designed for high net worth individuals, while the goal of the services is to focus on protecting the value of their assets,” it added.

Monex said that wealth management services in Japan is often offered by foreign financial institutions with history of restructuring and reorganisation, creating the need for “stable and robust services in this area.”

Read more: Global wealth set to increase to 3trn by 2025, experts say

Markets in this article

J225
Japan 225
31965 USD
555 +1.770%
J225
Japan 225
31965 USD
555 +1.770%
J225
Japan 225
31965 USD
555 +1.770%
J225
Japan 225
31965 USD
555 +1.770%
J225
Japan 225
31965 USD
555 +1.770%

Rate this article

Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 535.000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading