The multi-currency account is the key to make our multi-market trading platform so powerful that, even different markets need different currencies, all MONEX BOOM's clients can seamlessly trade across all 14 markets.
MONEX BOOM's multi-currency account supports balances in HKD, USD, RMB, SGD, AUD, JPY, GBP and EUR at the same time.
No need to convert currencies before placing an order. Every currency in your account can be used as the fund for executing trades in any market. It smoothes your way through capturing investment opportunities promptly without worrying about the settlement currency.
For details, please visit "How It Works"
Your fund will be converted automatically into the settlement currency (if required) after the buy order is executed. While the proceeds from sales will be kept in such currency for further purchase to minimise risk in exchange rates fluctuation.
For all unexecuted orders, the system will not carry out any currencies conversion. You are assured you do not need to bear any unnecessary conversion cost.
Under the currencies conversion setting, you can decide the priorities of the currencies to be converted automatically when necessary. You can also give us instruction to convert a particular currency as your wish. These operations can easily be done via the online trading platform anytime.
Example below shows you how MONEX BOOM's multi-currency account facilitates you in trading securities across markets at ease.
Mr. Wang from China opens an MONEX BOOM account for investing Hong Kong and U.S. stocks. He funds his account initially with RMB 1,000,000.
(The exchange rates for the example below: 1 RMB = 1.2 HKD; 1 USD = 7.8 HKD; 1 USD = 7 RMB)
Before the Hong Kong market close, Mr. Wang notices that the European markets are performing well. He believes the market sentiment is good for the U.S. market, as such he decides to buy some U.S. stocks at that night.
Last Update: July 2017.