FOREX.com Japan to change margin rate for HKD currency pairs
Retail Forex and CFD broker FOREX.com Japan will increase the margin rate for HKD currency pairs from March 9, 2023.
The change will affect FOREX.com accounts and MT4 accounts. The new margin rates will apply to the following currency pairs: USD/HKD, EUR/HKD, GBP/HKD, SGD/HKD, and HKD/JPY.
The current required margin rate is 15.00% (leverage 6.67 times), whereas the new required margin rate is 20.00% (leverage 5.00 times).
In addition, if the trade size exceeds a certain amount (in USD), the following margin rate will be applied to the excess amount:
- $10,000,000: 30.00% (3.33x leverage)
- $20,000,000: 40.00% (2.50x leverage)
Customers who currently hold positions in the above-mentioned currency pairs should pay close attention to position management and fund management. The broker asks traders to keep sufficient funds in their account.
