Mox Bank Introduces Mox Invest for Enhanced Wealth Management
by Fintech News Hong Kong March 6, 2024Mox Bank Limited has announced the rollout of Mox Invest, a new investment service available to its customers in Hong Kong.
Mox Invest offers customers unprecedented access to the US and Hong Kong equities, as well as fund trading, setting a new standard for virtual banking innovation in the region.
Barbaros Uygun
“Mox Invest makes investing straightforward for first-timers while also catering to sophisticated investors. We are making investing accessible and bringing our well-regarded customer-centric approach to the wealth management industry in Hong Kong. We now welcome all new and existing customers to experience this innovative and affordable investing experience,”
said Barbaros Uygun, Chief Executive Officer of Mox.
In addition, Mox Invest customers can benefit from significantly reduced trading commission fees. This includes a 0.12 percent fee for HK stock trades, US$0.01 per share for US stock trades, and a fixed US$1 commission fee for fractional share trades of less than one share.
In addition to competitive commission fees, Mox Invest offers an exclusive fund in partnership with Allianz Global Investors Asia Pacific Limited (“AllianzGI”), enabling customers to invest in global interest-bearing securities with minimal capital.
Customers can also benefit from attractive savings rates of up to three percent per annum on deposits up to HK$3 million, along with cash rewards for completing transactions through Mox Invest.
Looking ahead, Mox Bank plans to enhance its wealth management offerings further, including a portfolio-based approach to investment and tailored recommendations.
Featured image credit: Edited from Freepik
