Forex.com Japan to change margin requirements for five currency pairs
The brokerage plans to increase the required margin rate for corporate customers for five currency pairs from Monday, August 5, 2019.
There are changes looming for clients of the Japanese business of Forex.com, the retail FX brand of Gain Capital Holdings Inc (NYSE:GCAP). In a notice published on its website today, the brokerage says it plans to raise margin requirements for five currency pairs, effective Monday, August 5, 2019.
The changes will affect business clients of the broker who trade on MT4 and/or Advantage Trader.
The margin changes will be implemented over the weekend. The following pairs will be affected:
- AUDUSD – margin is raised from 1.25% to 1.50%;
- EURNOK – margin is raised from 1.00% to 1.50%;
- NZDCAD – margin is raised from 1.25% to 1.50%;
- USDCAD – margin is raised from 1.00% to 1.50%;
- USDCHF – margin is raised from 1.00% to 1.50%.
There is no change regarding the leverage for other currency pairs.
The company did not provide any explanation for the planned move.
Let’s note that, while Forex.com Japan is busy tightening these requirements, other Japanese brokerages are trying to improve trading conditions. Recently, Rakuten Securities and Monex Inc have reduced the fees for trading US equities – the minimum fees for such trading have been taken to zero.
In terms of platforms offering, it is worth mentioning that Forex.com Japan is among the handful of Japanese FX brokers that offer MT4 to their clients. In July last year, Forex.com Japan made MT4 Web available to its clients.
