OANDA Japan keeps relaxing margin requirements for currency pairs
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%.
