Your Account
No. You don’t need a U.S. bank account to invest with Monex Investor. You can transfer funds from a bank account in your country of residence to your Monex Investor investment account, as long as the originating account is under the same ownership. Please note that third party transactions are not acceptable.
To open an account you will need to
- Be a tax resident of a Latin American country (W-8 Investor, Offshore/NonUS) or the US.
- Have a valid ID.
- Have proof of address such as utility bills, bank statements, etc.
- 1. Log in to the Monex Investor website or mobile app (available on iOS and Android)
- 2. Click on “Open your account”.
- 3. Answer a few questions to determine your risk profile.
- 4. Enter your personal and financial information.
After completing the account opening steps, the information will be validated by Monex Investor's compliance team and then by Interactive Brokers within 3 to 5 business days. You will receive an email when the account is being processed internally, and once it is approved.
If you need more information and/or documentation, you will also receive an email from the support team.
And if you have any questions, you can always contact our customer support team.
If you need more information and/or documentation, you will also receive an email from the support team.
And if you have any questions, you can always contact our customer support team.
Yes, Monex Investor offers joint accounts with right of survivorship (JWRS) for up to two holders. The second holder must be registered at the beginning, during the account opening process, and also provide the required documentation: ID and proof of address.
Once the account is opened, a second holder cannot be added.
Once the account is opened, a second holder cannot be added.
You can fund your account with a wire transfer. Once your account has been opened, you will receive a welcome email with the bank information to make a deposit. Please note that third party deposits are not accepted.
Yes, you can withdraw money from your account whenever you want without penalties. The process takes 3 to 5 business days and third party transfers are not allowed. Monex Investor does not charge any fees for withdrawals. The first withdrawal of the month is free. From the second withdrawal of the month, Interactive Brokers charges USD 10 per withdrawal. Please note you may receive less funds due to fees charged by the intermediary or receiving bank, and/or any applicable foreign taxes.
There are no minimum or maximum limits for deposits or withdrawals.
Yes, your assets are held in an account under the custodian of Interactive Brokers, so when you open an account with Monex Investor, you also open an account with Interactive Brokers.
Annual fees are calculated based on assets under management as follows:
- For the first $100,000 = 1.75% per year
- Then, from $100,001 to $250,000 = 1.65% per year
- Then, from $250,001 to $500,000 = 1.50% per year
- Then, from $500,001 to $1,000,000 = 1.25% per year
- And then, from $1,000,001 and up = 1.05% per year
- Fees include commissionsfor any type of transaction, including but not limited to transaction fees, rebalancing and portfolio changes.
- Adviser charges a fixed flat-fee rate of 0.95% per annum for Clients choosing the Treasury Bill (“T-Bill”) option.
The calculation of fees varies according to the type of account the client holds with Interactive Brokers.
A. For clients with cash accounts, Interactive Brokers automatically calculates the advisory fee. The calculation is made daily, based on the closing market value of the assets managed by the advisor in the previous month. To perform the daily calculation, Interactive Brokers applies the annual tiered rate to the closing market value and then divides it by 252 business days of the year. The fee charged at the end of the month is the sum of the daily fee calculations.
B. For clients with margin accounts, the advisory fee is calculated manually by Monex Investor. The advisory fee calculation is based on the average market value of the assets in the account on the first and last day of the previous month. To determine the fee rate to be applied to the average market value, the annual tiered rate is divided by 252 business days and then multiplied by the number of business days in the month. The resulting fee rate is then applied to the average market value to determine the fee charged for the month.
A. For clients with cash accounts, Interactive Brokers automatically calculates the advisory fee. The calculation is made daily, based on the closing market value of the assets managed by the advisor in the previous month. To perform the daily calculation, Interactive Brokers applies the annual tiered rate to the closing market value and then divides it by 252 business days of the year. The fee charged at the end of the month is the sum of the daily fee calculations.
B. For clients with margin accounts, the advisory fee is calculated manually by Monex Investor. The advisory fee calculation is based on the average market value of the assets in the account on the first and last day of the previous month. To determine the fee rate to be applied to the average market value, the annual tiered rate is divided by 252 business days and then multiplied by the number of business days in the month. The resulting fee rate is then applied to the average market value to determine the fee charged for the month.
Normally, funds are invested on the next business day they are received, according to the portfolio selected in the investment account.
All investments have some sort of risk. The assets in your portfolio are subject to the risk and volatility of the financial markets. If the markets go up, the value of your account will most likely go up. When the markets go down, your account is likely to go down in value. Although in the short term volatility is a normal part of the markets, historically, in the long term it is very likely that your investments will go up in value.
Client securities accounts at Interactive Brokers LLC are protected by the Securities Investor Protection Corporation ("SIPC") for a maximum coverage of $500,000 (with a cash sublimit of $250,000). In addition, Interactive Brokers LLC carries an excess SIPC policy with certain underwriters at Lloyd's of London, which extends the per account coverage by an additional $30 million (with a cash sublimit of $900,000), subject to an aggregate limit of $150 million.
Futures and options on futures are not covered. As with all securities firms, this coverage provides protection against failure of a broker-dealer, not against loss of market value of securities.
Futures and options on futures are not covered. As with all securities firms, this coverage provides protection against failure of a broker-dealer, not against loss of market value of securities.
Yes, you can close your account at any time without penalty. It normally takes 3 to 5 business days to close the account.
To reset your password, you must log in to the website or app. Instead of entering your login credentials, at the bottom you will find the option, "Forgot your password?". Once you enter the email associated with the account, you will receive an email with the steps to follow.
Once you access your account in the Monex Investor portal, you must go to the "Account Statements" tab, where you will find your monthly account statements.
To obtain an annual report, for the last year (YTD) or for a specific time frame, you can request it from the Monex Investor's support team.
Once you access your account in the Monex Investor portal, you must go to the "Activity" tab, where you will find the history of your account’s deposits and withdrawals.
Monex Investor App
To set up the biometric login, you will need to go to the drop-down menu within the mobile app, and then select the "Settings" option. Then, enable the "Face ID/Finger ID Authentication" option so that it is activated.
Portfolios
Our investment philosophy is based on two fundamental financial principles: modern portfolio theory and passive index investing. Modern portfolio theory: is an investment theory that studies how to maximize return, relative to a given risk, or minimize risk, relative to an expected return through an appropriate choice of the components of a portfolio of securities. Developed by Harry Markowitz, it proposes that the investor should approach the portfolio as a whole, studying the overall risk and return characteristics, rather than choosing individual securities by virtue of the expected return of each particular security. Passive index investing: This principle states that the attempt to select which securities are overvalued or market timing, are useless to outperform average portfolios. The portfolios are designed to match the client's level of risk, while being globally diversified. They use UCITS ETFs, as they provide sophisticated diversification and liquidity, as well as being tax efficient for investors.
Your money is invested according to the risk profile selected during account opening. During the registration, an investment portfolio is recommended based on your answers, which you can confirm or opt for another risk profile. In the future, you can change your portfolio as many times as you want at no cost and the capital will be invested automatically.
A risk profile is established according to your investment experience, age, investment horizon, financial goals and your capacity to assume losses, that is, your tolerance to volatility. We seek to determine an investment portfolio that fits your profile according to your risk and return expectations. However, after you have completed the questionnaire to determine your investment profile, you may select a different portfolio than the one recommended based on your answers.
Yes, once the account is approved, it opens with the portfolio selected at the beginning. If you wish to change your portfolio, you may do so without any restrictions nor penalties.
Yes, you can invest in more than one portfolio at the same time. Contact the Monex Investor's support team to help you process this request.
UCITS ETFs are financial instruments registered in Europe that typically track an index of stocks, bonds or other assets. UCITS ETFs are listed on an exchange and trade like stocks. UCITS ETFs provide excellent diversification, ample liquidity and are tax efficient.