OANDA Japan Inc, a subsidiary of online broker OANDA Corporation, will increase the margin rates on a number
OANDA Japan Inc, a subsidiary of online broker OANDA Corporation, will increase the margin rates on a number of Forex pairs.
The broker explained that the changes reflect the recent market situation. The margin rate increase will affect some currency pairs for corporate accounts on the Tokyo and NY servers. The changes will get into effect from the start of trading on Monday, March 10, 2025.
The currency pairs affected include:
- USD/JPY: 2.2% → 3%
- EUR/JPY: 2% → 3%
- AUD/JPY: 3% → 4%
- GBP/JPY: 3% → 4%
- NZD/JPY: 3% → 4%
- CAD/JPY: 3% → 4%
- EUR/USD: 2% → 3%
- GBP/USD: 3% → 4%.
There will also be changes to margin rates on other currency pairs. (The new margin requirements are marked in yellow).
Customers who hold positions in the above-mentioned currency pairs may be subject to a stop loss due to the change in margin rate if they continue to hold the positions after the market closes on March 7, 2025.
OANDA recommends that traders reduce their positions in advance or make sure that they have sufficient margin in their account funds.
fxnewsgroup.com