IG Japan raises margin rates for TRY pairs
IG Securities, the Japanese subsidiary of electronic trading major IG Group, today announced changes to the trading conditions for currency pairs including the Turkish lira (TRY).
The affected pairs include TRY/JPY, CHF/TRY, EUR/TRY, USD/TRY, GBP/TRY.
The broker is raising the maintenance margin rate to 20% for new positions only. There will be no increase in the maintenance margin rate applied to positions already held.
IG notes that it has decided to implement this measure after comprehensive consideration from the perspective of investor protection and risk management.
