Monex
mBank
VS
Higher Rated
Monex
Capital at risk · T&Cs apply
Choosing between Monex and mBank depends on your trading style, preferred markets, and budget. Monex is headquartered in Tokyo, Japan, while mBank operates from Warsaw, Poland. Monex has the longer track record, established in 1999, compared to mBank which was founded in 2000. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Monex
mBank
Monex is the better choice overall, scoring 3.4/5 vs 3.3/5 on BrokerRank's independent rating. On fees, Monex offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
Monex
3.4 vs 3.3
Lowest Fees
Tied
0 vs 0 pips
Regulation
Monex
2 vs 1 licences
Min. Deposit
Tied
$0 vs $0
Monex
WinnermBank
Monex
mBank
Lower feesMonex holds licences from SEC, FSA. mBank is regulated by KNF.
Both brokers offer access to Stocks, Etf, Forex markets. Monex additionally covers Crypto. mBank adds Cfd, Indices.
Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP. mBank offers Proprietary Web, Proprietary Mobile, mBank Trader. Both brokers are available on Proprietary Web, Proprietary Mobile.
Monex requires no minimum deposit, while mBank sets no minimum deposit. This makes Monex accessible to traders with any budget.
BrokerRank scores Monex at 3.42/5 and mBank at 3.27/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Monex leads overall with a clear advantage.
Monex scores higher overall on our independent rating system. Monex holds a 3.4/5 rating vs mBank's 3.3/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Monex offers spreads from 0 pips, while mBank starts at 0 pips. Check the fees section above for a full breakdown.
Monex requires a minimum deposit of $0. mBank requires $0.
Monex is regulated by FSA, SEC, while mBank holds licences from KNF.
Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP. mBank supports Proprietary Web, Proprietary Mobile, mBank Trader.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.