OANDA Japan Inc, a subsidiary of online broker OANDA Corporation, will increase margin rates for certain currency pairs.
From the start of trading on Monday, August 19, 2024, the margin rates for certain currency pairs for corporate accounts on the Tokyo and NY servers will be changed as follows:
- MXN/JPY: 3% → 4%
- NZD/JPY: 2% → 3%
- CAD/JPY: 2% → 3%
Customers who hold positions in the relevant currency pairs may be subject to a stop loss due to the change in margin rates if they continue to hold the positions after the market closes on August 16, 2024.
OANDA recommends that traders reduce their positions in advance or make sure…
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