Announcement of Subsidiary’s Release

TOKYO, July 10, 2019 – Monex, Inc., a fully owned subsidiary of Monex Group, Inc., issued thefollowing press release today.

Attachment: Summary of Monex, Inc. press releaseMonex to Lower Minimum Fee for U.S. Equities Trading to US$0

Akiko Kato
Atsushi Demoto, Yuki Nakano
Corporate Communications Office
Investor Relations, Financial Control Department
Monex Group, Inc.
Monex Group, Inc.
+81-3-4323-8698+81-3-4323-8698
This material is an English translation of a Japanese announcement made on the date above. Although the Company intendedto faithfully translate the Japanese document into English, the accuracy and correctness of this English translation is notguaranteed and thus you are encouraged to refer to the original Japanese document. This translation was made as a matter ofrecord only and does not constitute an offer to sell or to solicit an offer to buy securities in the U.S.
Contact:

Press ReleaseMonex to Lower Minimum Fee for U.S. Equities Trading to US$0
TOKYO, July 10, 2019 - Monex, Inc. (Headquarters: Minato-ku, Tokyo; Representative Directorand President: Yuko Seimei, hereinafter “Monex”) announced today that it will lower the minimum
fee for U.S. equities trading to US$0 (free of charge) for trades that are executed from Monday, July22, 2019 in the U.S. time (tentative).
■ BackgroundMonex has lowered the minimum fee for U.S. equitites trading (excluding tax) to US$0.1 from
Monday, July 8, 2019.
On the same date, Monex announced to further lower the minimum fee for U.S. equities tradingfrom US$0.1 to US$0.01 starting from Monday, July 22, 2019. However, Monex has decided toentirely remove the minimum fee for U.S. equities trading (free of charge) for the trades that are
executed from Monday, July 22, 2019.
Monex has been providing outstanding U.S. equities trading services among other online brokers
including to offer a smartphone app specialized for US equities trading, various methods of orderingfunction such as stop ordering function, off-hour trading services, and to provide over 3,400 U.S.
stocks, which is the best among the major online brokers.
The removal of minimum trading fee announced today and the free exchange fee for U.S. dollar
purchasing (effective until Tuesday, January 7, 2020) will enable our customers to benefit from ourunique U.S. equitites trading services with lower cost.
■ Comparison of Three Major Online Brokers(*1)’ Fees (excluding tax) for U.S.
Equities Trading(*2) (From July 22, 2019)
SBI Securities

Rakuten Securities

FreeFree

0.45% of Settlement

0.45% of Settlement

0.45% of Settlement

AmountAmountAmount

US$20

US$20

US$20

Monex
US$0.1Minimum Trading FeeFree
Trading Fee

Maximum TradingFeeMonex enables customers to trade U.S. equitites with the lowest cost among the peers for the tradesthat are executed from Monday, July 8, 2019 to Friday, July 19, 2019 in the U.S. time.
*1 As of July 10, 2019. Researched by Monex. Major online brokers include SBI Securities Co., Ltd., kabu.comSecurities Co., Ltd., Matsui Securities Co., Ltd., Rakuten Securities, Inc. and Monex, Inc. (kabu.com Securities
Co., Ltd. and Matsui Securities Co., Ltd. don’t carry U.S. equities trading.)*2 As of July 10, 2019. Researched by Monex. Please check websites of the companies for more details. Local
trading cost will apply in addition to the trading fee when selling the equities. Please refer to Monex’s website formore details.

■ Comparison of Major Online Brokers’ Services for U.S. Equities Trading(As of July 10, 2019)Monex

SBI Securities

Rakuten Securities

Number of available stocks

3,417

2,158

2,075

Applicatble to









Off-hours tradingJPY settlement

specified account
Smartphone app forU.S. equities trading

10:30 - 19:00

Order execution time
*Foreign currency

24 hours*Summer time applied

settlemtnt
Methods ofordering function

19:30 - 5:00 (+1)

Limited order/Marketorder/Stop order/OCO order

15:00 - 5:00 (+1)*Summer time applied

Limited order/Market

Limited order/Marketorderorder

15 US business days at
Duration period of order90 days

the maximum including

90 daysthe execution dateCash-back campaign forthe purchasing fee
in NISA accountProgram for
new account openings
Free ETF trading fee

Individual stock：

Individual stock：

Individual stock：

ETF：

ETF：

ETF：












(partially)

As outlined in “For Creative Minds,” a brand statement announced by Monex Group in November
2018, Monex, Inc. is committed to proposing innovative, “future finance,” with a creative mindset,
leveraging new ideas and perspectives that go beyond the traditional framework.
Contacts:

Maho Tsugawa
Public Relations Office, Monex, Inc.
+81-3-4323-3981

This material is an English translation of a Japanese announcement made on the date above. Although theCompany intended to faithfully translate the Japanese document into English, the accuracy andcorrectness of this English translation is not guaranteed and thus you are encouraged to refer to theoriginal Japanese document. This translation was made as a matter of record only and does not constitutean offer to sell or to solicit an offer to buy securities outside Japan.