OANDA Japan to change margin rates for certain FX pairs
The changes, effective April 13, 2020, are set to apply to AUD/SGD, AUD/CAD, and CAD/JPY.
Online trading services provider OANDA Japan is planning more changes to margin requirements for Forex instruments. In a notice published on its website earlier today, the broker says that it will change the margin requirements for three currency pairs – AUD/SGD, AUD/CAD, and CAD/JPY.
The changes, set to come into effect on April 13, 2020, are as follows:
- AUD / SGD: 3% (2% conventionally);
- AUD / CAD: 3% (2% conventionally);
- CAD / JPY: 3% (2% conventionally).
Customers holding positions in any of the above-mentioned pairs are advised to check whether they have sufficient funds to maintain the position open.
In March, OANDA Japan amended the margin requirements for nine FX pairs available for trading via the Tokyo and NY servers. The required margin for AUD/CHF, AUD/JPY, AUD/USD, EUR/AUD, EUR/NOK, NZD/CHF, NZD/JPY, NZD/USD, and USD/NOK, was increased effective March 30, 2020.
A number of Forex brokers have been amending the margin requirements in light of the increased market volatility. As FinanceFeeds reported, FOREX.com Japan has also changed its margin requirements for trades in a raft of currency pairs.
The increased volatility has exposed a set of trading issues. In mid-March, OANDA Japan warned about the performance of MetaTrader 4 (MT4) during the recent spike of market activity.