Our History

The strength of our heritage is the backbone of Monex, with more than 40 years’ of experience in the FX industry.

Monex S.A.P.I. de C.V.

MonFX Pte Ltd. is part of the wider financial services group, Monex S.A.P.I. de C.V. ("Monex"), a global investment-grade financial services institution. Together, we service more than 69,000 clients worldwide.

Our team of experienced and professional FX specialists provide support to corporate and institutional clients in each region of the world.

Part of the Monex group, MonFX Pte Ltd. is an independent subsidiary of Monex International Markets plc. Monex International Markets plc operates various subsidiaries in the FX industry, comprising of Monex Europe Limited, Monex Europe Markets Limited, Monex Europa S.L., Monex Europe Markets S.V., S.A.U., Monex Canada Inc., and MonFX Pte Ltd.; with offices in the UK, Spain, the Netherlands, Canada, and Singapore.

Financial strength

The financial strength, corporate structure and governance of Monex enables the group to continually invest in the business, improve our client offering, scale our operations and maintain agility to constantly adapt in an ever-changing regulatory environment.

All entities under Monex International Markets plc are regulated for different products and services within the jurisdictions in which they operate.

Timeline of Monex

1985

Headquartered in Mexico City, Monex was founded in 1985 to address the payment and currency exchange needs of companies doing business internationally.

2001+

Monex expands product offering and operations with a number of strategic acquisitions.

2012

Expanding internationally, Monex acquires FX specialist, Schneider Foreign Exchange in July 2012, which was subsequently renamed to Monex Europe Limited. Monex Europe is headquartered in London, United Kingdom. During 2012, Monex also starts operating in Spain.

2014

Monex Europe Markets Limited is established. Monex Europe Markets is an investment firm authorised and regulated by the Financial Conduct Authority, offering structured FX products and services to professional clients only. It is a subsidiary of Monex Europe Limited.

2015

Monex Europe opens a sales representative office in Amsterdam, the Netherlands.

2017

Building on the success in Europe, Monex Canada Inc. was launched as a subsidiary, focused on providing local support to corporate clients in North America.

2018

As part of the group’s global expansion, Monex establishes a presence in Asia with the launch of MonFX, our firm based in Singapore.

2020

In December 2020, Monex establishes a regulated entity in Luxembourg, Monex Europe S.A. The entity provides FX payment services to European-based clients. Sales representative offices in Madrid and Amsterdam become part of Monex Europe S.A.

2021

MonFX expands its product offering by obtaining a CMS Licence for dealing in FX OTC derivatives contracts.

2022

MonFX expands payments services to account issuance, domestic money transfer and e-money issuance.

2024

Monex diversifies its European foothold with two new Spanish licenses and entities: investment firm, Monex Europe Markets S.V., S.A.U. (“MEMSV”), and payment institution, Monex Europa S.L. (“MESL”). Subsequently, the closure of Monex Europe S.A. was initiated, ceasing all regulated payment activities.