OANDA Japan changes restrictions on HKD currency pairs trading

Maria Nikolova

OANDA Japan has amended the restrictions on the amount that can be held in HKD pairs.

Retail Forex broker OANDA Japan today announces changes to the restrictions in trading in Hong Kong dollar (HKD) pairs.

Let’s recall that, due to the increased tensions in Hong Kong, OANDA has implemented a set of restrictions on HKD pairs transactions handled by the NY server.

As previously guided, the margin rate of HKD currency pairs was raised from 5% to 10% from the start of trading on Monday, November 25th for individual and business accounts.

On the brighter side, as of today, OANDA Japan has changed the restrictions on the amount of money that can be held for HKD currency pairs. The new caps, which are higher when compared to those announced last week, are:

  • AUD / HKD 25,000,000
  • CAD / HKD 23,000,000
  • CHF / HKD 17,000,000
  • EUR / HKD 15,000,000
  • GBP / HKD 13,000,000
  • HKD / JPY 133,000,000
  • USD / HKD 17,000,000
  • NZD / HKD 26,000,000
  • SGD / HKD 23,000,000

With regard to USD/HKD, OANDA Japan has stopped accepting new [buy] orders. The date of resumption of acceptance of such orders is undecided. New [Sale] orders and [Buy position settlement] are still available for trading.

According to data unveiled by the Hong Kong’s Secretary for Security John Lee today, since June 9, 2019, more than 900 protests, processions and public assemblies have been staged in Hong Kong, and many of them ended up in serious violent illegal acts. In the past five months or so, there were numerous severely illegal acts, including wantonly blocking roads, paralysing traffic, hurling petrol bombs and setting fires at various locations, throwing bricks, intentionally vandalising and burning shops and railway facilities, flagrantly assaulting others holding different opinions, seriously wounding others and violently attacking police officers, etc. Recently, a large number of persons occupied university campuses, where they caused extensive damage, stole dangerous chemicals and manufactured petrol bombs on campus targeting the Police on a large scale.

Serious violent and illegal acts in the past few months have already resulted in the death of an innocent member of the public who was killed by a brick hurled at him. From June 9 to November 26, 2019, over 2,600 persons were injured in major public order events (POEs) and sought medical consultation or received treatment at public hospitals, including a victim seriously burnt by a rioter who ignited flammable liquid on him. More than 470 of the injured persons were police officers who suffered from knife wounds, corrosive liquid burns, fractures, severe burns, wounds inflicted by arrows, etc.

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