IG Japan to raise margin rates for ZAR pairs
IG Securities, the Japanese subsidiary of electronic trading major IG Group, will change the trading conditions for certain Forex instruments.
Effective June 19, 2023 (Monday), IG will increase the margin rates for Forex pairs with the South African Rand (ZAR). The maintenance margin rate for holding positions with ZAR pairs will be raised from 5% to 10%.
The application of the new maintenance margin rate will only apply to unsettled positions held by customers. If you have a position in these instruments, please note that a forced loss cut may occur due to insufficient margin.
If you wish to maintain your current position after this change, please make sure that you have sufficient funds in your account in advance to meet the new maintenance margin rate requirements.