OANDA Japan to revise margin requirements for eight Forex pairs
The broker is set to relax margin requirements for eight currency pairs, effective August 10, 2020.
Online trading services provider OANDA Japan today announces 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%, but the broker warns that customers have to be prepared to adequately fund their accounts. OANDA Japan says it may implement further changes to the margin rates depending on the market conditions.
Regarding the reasons for the upcoming revision, the broker said it reflects the current market situation without getting into details about what particular market factors prompted it to revise the margin requirements.
OANDA Japan tightened margin requirements for a raft of pairs in the spring of 2020. For instance, in May this year, it increased the margin rates for CHF pairs. In April, it tightened the margin requirements for AUD/SGD, AUD/CAD, and CAD/JPY.
