Monex vs Upbit 2026: Which Broker is Better?
Choosing between Monex and Upbit depends on your trading style, preferred markets, and budget. Monex is headquartered in Tokyo, Japan, while Upbit operates from Seoul, South Korea. Monex has the longer track record, established in 1999, compared to Upbit which was founded in 2017. 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
Upbit
| Monex | Upbit | |
|---|---|---|
| BrokerRank Score | 3.5/5 | 4.3/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:3 ✓ | 1:1 |
| Regulation | FSA, SEC | FSC, MAS |
| Platforms | Proprietary Web, Proprietary Mobile, TradeStation JP | Proprietary Web, Proprietary Mobile |
Upbit is the better choice overall, scoring 4.3/5 vs 3.5/5 on BrokerRank's independent rating. On fees, Monex offers lower spreads (0 pips).
See full side-by-side comparison belowMonex vs Upbit: Key Differences
Monex
Upbit
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Fees Comparison
Monex
Upbit
Lower feesRegulation & Trust
Monex holds licences from SEC, FSA. Upbit is regulated by MAS, FSC.
Markets & Assets
Both brokers offer access to Crypto markets. Monex additionally covers Stocks, Etf, Forex.
Trading Platforms
Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP. Upbit offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Monex requires no minimum deposit, while Upbit sets no minimum deposit. This makes Monex accessible to traders with any budget.
Overall Ratings
BrokerRank scores Monex at 3.42/5 and Upbit at 3.18/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Monex leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
Monex
3.5/5
Choose Monex if you want…
- Higher leverage (up to 1:3)
- More market types (4)
- More established (est. 1999)
- More platforms (3 supported)
Upbit
4.3/5
Choose Upbit if you want…
- Higher overall rating (4.3/5)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both Monex & Upbit are available in
Frequently Asked Questions
1Is Monex better than Upbit?
Upbit scores higher overall on our independent rating system. Monex holds a 3.5/5 rating vs Upbit's 4.3/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, Monex or Upbit?
Monex offers spreads from 0 pips, while Upbit starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Monex vs Upbit?
Monex requires a minimum deposit of $0. Upbit requires $0.
4Which broker is safer, Monex or Upbit?
Monex is regulated by FSA, SEC, while Upbit holds licences from FSC, MAS.
5What trading platforms do Monex and Upbit support?
Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP. Upbit supports Proprietary Web, Proprietary Mobile.
6Can I use both Monex and Upbit?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
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