IG Japan warns of widening spreads and margin rate changes for RUB pairs
The Japanese subsidiary of electronic trading major IG has warned of possible changes to trading conditions for Russian ruble (RUB) pairs.
The Forex broker notes that the price movements of Russian ruble-related currency pairs have become extremely unstable due to the situation in Ukraine, which has been tense since the end of last year.
IG says it may have to increase margin rates for RUB instruments without notice depending on the market situation. Traders may also see wider spreads.
The broker advises its customers to check their position size, as well as the amount of funds in their accounts, in order to make sure that they can be prepared for possible market fluctuations.
Another Forex broker that has reacted to the tensions in Ukraine is Dukascopy. In the end of December 2021, the Swiss broker reduced the leverage for USD/RUB and EUR/RUB to 1:5 from 1:10. The maximum exposure limit of 1 million remained unchanged.