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Getting Started Is Simple

Switching from your bank to Monex takes days, not months. Here's how to start saving on every international payment.

Open an Account Talk to a Specialist→

2-5 Days

Account Approval

70,000+

Businesses Trust Monex

130+

Currencies Supported

Same Day

Settlement Available

Your bank wasn't built for international business

Most businesses lose 1-3% on every international payment through hidden bank markups, slow settlement, and limited currency options. Monex was purpose-built for cross-border FX — with competitive rates, dedicated specialists, and institutional-grade tools that give you complete control over your foreign exchange.

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Step 01

2-5 business days

Open Your Account

Complete a short application and our onboarding team will guide you through KYC verification. Most business accounts are approved within 2-5 business days.

Submit your company details and authorized signatory information
Provide standard compliance documentation (ID, proof of address, business registration)
Our team handles the rest — no lengthy bank paperwork
Get assigned a dedicated FX dealer who understands your business

Step 02

Same day consultation

Plan Your Strategy

Your dedicated dealer will analyze your FX exposure, payment patterns, and risk tolerance to build a tailored strategy — whether you need simple payments or a full hedging program.

Complimentary FX exposure review and cost analysis
Side-by-side comparison of your current bank rates vs. Monex rates
Hedging strategy recommendations based on your cash flow and budget rates
FX P.A.R. report setup for ongoing portfolio monitoring (select clients)

Step 03

Start trading immediately

Execute & Save

Trade online 24/7 through our platform, call your dealer for large or complex transactions, or integrate via API. Payments settle same-day for most major currencies.

Execute via Monex Pay platform, phone, or API — your choice
Spot, forward, options, NDFs, and market orders all available
Track payments in real-time through your dashboard
Receive daily market commentary from our Bloomberg-ranked analysts

INCLUDED WITH EVERY ACCOUNT

What You Get with Monex

Every account includes institutional-grade tools and personal service — at no extra cost.

Dedicated FX Dealer

A named specialist who knows your business, available by phone and email whenever you need guidance on rates or strategy.

Monex Pay Platform

Execute trades, track payments, and manage beneficiaries 24/7 through our secure online platform and mobile app.

Market Intelligence

Daily commentary, rate alerts, and custom reports from our Bloomberg-ranked analysis team to keep you ahead of the market.

Hedging Tools

Forwards, options, and structured strategies to protect your margins against currency volatility — tailored to your exposure.

Multi-Currency Accounts

Hold, send, and receive in 30+ currencies with zero maintenance fees. Simplify reconciliation and reduce conversion costs.

Enterprise Security

Regulated across multiple jurisdictions with segregated client funds, multi-factor authentication, and full audit trails.

WHY SWITCH

Monex vs. Your Bank

See why 70,000+ businesses have moved their FX from traditional banks to Monex.

Feature		Typical Bank
FX Markup (Typical)	0.3% – 0.7%	1.0% – 3.0%
Dedicated FX Specialist	Yes — named dealer	Rare — call center
Forward Contracts	Up to 2 years	Limited or unavailable
FX Options	Vanilla & structured	Typically not offered
Multi-Currency Accounts	30+ currencies	Limited currencies
API / Platform Integration	REST API + white-label	Rarely available
Settlement Speed	Same-day available	1-3 business days
Market Analysis	Bloomberg-ranked team	Generic reports
Mass Payments	10,000 per batch	Manual SWIFT
Transparent Pricing	Yes — no hidden fees	Embedded in rate

FAQs

Common Questions

Quick answers to what businesses ask most when getting started.

How long does it take to open an account?

Most business accounts are approved within 2-5 business days after submitting your application and compliance documentation. Our onboarding team handles the heavy lifting.

Is there a minimum transaction size?

No rigid minimums for most account types. Whether you're sending $5,000 or $5 million, you'll receive competitive rates and personal service from your dedicated dealer.

Can I keep my existing bank and use Monex too?

Absolutely. Most clients run Monex alongside their primary bank. You fund your Monex account via wire transfer and execute FX through us — there's no need to switch banks entirely.

How is Monex regulated?

Monex entities are regulated across multiple jurisdictions including the FCA (UK), FinCEN (US), FINTRAC (Canada), and MAS (Singapore). Client funds are held in segregated accounts at major banks.

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