OANDA Japan keeps relaxing margin requirements for currency pairs

Maria Nikolova

The Forex broker plans to change margin requirements for GBP/SGD and NZD/SGD.

Online trading services provider OANDA Japan continues to revise margin requirements for Forex trading instruments.

In light of the recent market situation, the broker will partially reduce the margin rate for corporate accounts from August 17, 2020. The change will affect GBP/SGD and NZD/SGD. The margin rates for these pairs will change from 3% to 2%.

Even after the change in the margin rate, the margin rate may be reviewed again depending on market conditions, OANDA Japan warns. The company encourages its customers to continue to have ample funds in their accounts.

About a week ago, the broker announced that the margin requirements for eight currency pairs are set to be changed with effect from August 10, 2020.

The margin changes will apply to the following pairs, traded on OANDA Japan FX Tokyo Server and fxTrade (NY server):

  • GBP/JPY;
  • CAD/JPY;
  • GBP/USD;
  • EUR/GBP;
  • AUD/CAD;
  • GBP/AUD;
  • GBP/CAD;
  • GBP/NZD.

The margin requirement for the above-mentioned pairs will change from 3% to 2%.

Read this next

Institutional FX

Euronext reports double-digit growth in FX volume

Pan-European exchange, Euronext has reported a 10 percent rebound in the average daily volume on its spot foreign exchange market. The ADV figure stood at $19.6 billion in January 2022, which is up from December’s $18 billion.

Digital Assets

Voyager subpoenas FTX’s inner circle over Alameda loan

Bankrupt crypto broker Voyager Digital, represented by law firm Kirkland & Ellis, is seeking court approval to subpoena Sam Bankman-Fried’s inner circle, as well as Alameda Research’s former executives.

Retail FX

AvaTrade seals sponsorship deal with F1’s Aston Martin team

Dublin-based forex broker AvaTrade today announced that it has concluded a sponsorship deal with Formula One’s Aston Martin Cognizant team that entails sponsorship rights and other marketing benefits.

Executive Moves

M4Markets onboards Invaxa CEO Marios Antoniou as COO

Seychelles-regulated brokerage firm M4Markets has appointed Marios Antoniou, who has a colorful career within the foreign exchange industry, in the capacity of its Chief Operations Officer.

Digital Assets

GK8 now allows clients to control their digital assets as they would their fiat

“As the institutional market is increasingly turning to self custody, our policy engine empowers them to automate transactions, approvals, and even crucial workflows, while providing the highest degree of security, consistency, governance and control.”

Digital Assets

Retail CBDCs in the UK: “Welcomed” by CryptoUK and R3, but “Dystopian” for ETC Group

“At this stage, we judge it likely that the digital pound will be needed in the future. It is too early to decide whether to introduce the digital pound, but we are convinced preparatory work is justified”, said the BoE and HM Treasury.

Institutional FX

Centroid taps Iress API to provide retail brokers with real-time market data

“It has always been a challenge to have an efficient, elegant solution for market data and order execution for retail brokers, but with Iress we have found absolutely the right partner to add to our client offering.”

Digital Assets

Ramp launches FCA-approved off-ramp product, onboards Brave, Trust Wallet, Ledger

“To obtain and maintain our FCA registration, we must meet and operate within their strict anti-money laundering and counter-terrorist financing standards. This is a huge achievement for us, as compliance is a cornerstone of our business and what we stand for.”

Institutional FX

State Street launches FIX API for Fund Connect ETF platform

“Expanding from proprietary APIs to the FIX industry standard will bring us closer to our goal of 100% digital interactions. This is another example of innovations we’ve brought to our operating model as we celebrate 30 years of servicing ETFs since the launch of SPY.”

<