OANDA Japan to raise margin requirements for certain FX pairs

Maria Nikolova

The changes, effective March 30, 2020, will affect nine Forex pairs.

Online trading services provider OANDA Japan today informed its clients about upcoming changes to margin requirements.

From March 30, 2020, the margin rates of nine FX pairs available for trading via the Tokyo and NY servers will be amended as follows:

  • AUD / CHF: 3% (conventionally 2%);
  • AUD / JPY: 3% (previously 2%);
  • AUD / USD: 3% (conventionally 2%);
  • EUR / AUD: 3% (conventionally 2%);
  • EUR / NOK: 4% (conventionally 2%);
  • NZD / CHF: 3% (conventionally 2%);
  • NZD / JPY: 3% (previously 2%);
  • NZD / USD: 3% (formerly 2%);
  • USD / NOK: 4% (conventionally 2%).

Customers who continue to hold positions in the above-mentioned currency pairs after the market close on March 28, 2020, are warned that they may experiences losses due to changes in margin rates. Traders are advised to reduce the position in advance or make sure that they have enough account funds.

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 amended its margin requirements for traders in a raft of currency pairs.

The increased volatility has exposed a set of trading issues. A week ago, OANDA Japan warned about the performance of MetaTrader 4 (MT4) during the recent spike of market activity.

The broker has received a report that MT4 did not operate smoothly when the market became active. That is why the company conducted a check. As a result, it was confirmed that when the frequency of updating prices (the number of ticks) increases, the operation of the platform becomes unstable depending on the specifications of some customers’ PCs or the Internet environment. At present, the same problem has not been confirmed with the 64-bit MT5.

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