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OANDA Japan Will Modify Its USD/JPY Margin Rate
Abstract：OANDA Securities, the Japanese division of online broker OANDA Corporation, has announced modifications to the USD/JPY margin rate.
OANDA Securities, the Japanese division of online broker OANDA Corporation, has announced modifications to the USD/JPY margin rate.
The USD/JPY margin rate for corporate accounts on the Tokyo and New York servers will be raised to 2.2% beginning on January 30, 2023. The previous margin requirement was 2%.
Customers who have positions in the relevant currency pairs are warned by the brokerage that if they continue to maintain such positions after the market closes on January 27, 2023, a loss reduction may occur owing to a change in the margin rate.
Traders should minimize their position in advance or ensure that they have sufficient cash in their accounts.
OANDA Japan updated the margin requirements for NZD/USD and AUD/USD in December 2022. From the commencement of trading on December 19, 2022, the margin rate for corporate accounts on the Tokyo and New York servers was raised to 3% (from 2%).
About OANDA JAPAN
OANDA Japan is a subsidiary of OANDA Corporation, a leading supplier of online foreign currency trading services worldwide. OANDA Japan is licensed by the Financial Services Agency (FSA) in Japan and provides a variety of trading services to individual and institutional customers, including forex, CFDs, and precious metals trading. fxTrade, the company's trading platform, is accessible in various languages and has sophisticated charting and automated trading. OANDA Japan also offers educational tools and market research to assist traders in making sound judgments.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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