OANDA Japan Inc, a subsidiary of online broker OANDA Corporation, today changed the maximum open position size for XAU/USD.

The maximum size has been reduced from 10,000 (100 lots) to 3,000 (30 lots).

The brokerage explains that it is experiencing extremely volatile price movements in the precious metals market, significantly exceeding normal levels. The trading restrictions aim to protect OANDA customers’ assets and ensure the safety of their transactions.

OANDA Japan warns that the margin requirements and funding costs for the precious metals CFDs it offers (XAGUSD, XAUUSD) may be adjusted without notice due to worsening market conditions. Please be mindful of capital management.