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FOREX.com Japan to change margin requirements for 19 currency pairs

Maria Nikolova

The changes, to affect owners of FOREX.com accounts and MT4 accounts, are set to come into effect on March 23, 2020.

The Japanese business of FOREX.com, the retail FX brand of Gain Capital Holdings Inc (NYSE:GCAP), today published a notice regarding leverage changes on a number of Forex instruments.

The changes, to come into effect on March 23, 2020 (Monday), will affect FOREX.com accounts and MT4 accounts. The brokerage will increase the margin requirement for corporate customers for 19 currency pairs.

The margin on:

  • AUD/CHF will be increased from 1.25% to 2.00%
  • AUD/JPY will be increased from 1.75% to 2.50%
  • CAD/CHF will be increased from 1.25% to 2.00%
  • CAD/JPY will be increased from 1.50% to 2.50%
  • CAD/NOK will be increased from 1.25% to 2.00%
  • CHF/NOK will be increased from 1.25% to 2.50%
  • CNH/JPY will be increased from 1.75% to 2.50%
  • EUR/MXN will be increased from 2.00% to 3.00%
  • EUR/NOK will be increased from 1.50% to 2.50%
  • GBP/JPY will be increased from 1.75% to 2.00%
  • GBP/MXN will be increased from 2.00% to 3.00%
  • GBP/NOK will increased from 1.50% to 2.00%
  • NOK/JPY will be increased from 1.75% to 3.00%
  • NOK/SEK will be increased from 1.00% to 2.00%
  • NZD/CHF will be increased from 1.25% to 2.00%
  • NZD/JPY will be increased from 1.75% to 2.50%
  • USD/JPY will be increased from 1.25% to 2.00%
  • USD/MXN will be increased from 2.00% to 3.00%
  • USD/NOK will be increased from 1.50% to 2.00%

Traders who have an open position in any of the above-mentioned currency pairs will see the required margin increase from this weekend. Since there is a possibility of loss due to margin shortage, these traders are advised to check the account status.

The margin requirements for other currency pairs remain unchanged.

Although the broker does not specify the reasons for the increase in margin rates, one can safely suppose these were prompted by the recent spike in market volatility.

Other companies have also moved to change their margin requirements amid the dynamic market situation. Swissquote, for instance has announced an increase in margin rates from 2% to 4% on Gold, Equity index CFDs, Equity forward CFDs and OIL CFDs, effective from 28/02/2020 – 19:00 CET.

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