Online trading company OANDA Japan keeps changing the margin requirements for FX instruments.
The broker plans to reduce the margin rate for AUD/SGD for corporate accounts from the start of trading on October 26, 2020. The rate will be cut from 3% to 2%.
Also, effective today, October 19, 2020, OANDA Japan is changing the margin requirement for EUR/NOK from 3% to 2%.
The latest changes to margin requirements are attributed to the recent market situation.
Earlier in October, as FX News Group has reported, the Japanese FX broker revised the margin requirements for a raft of pairs. For fxTrade (NY server) accounts, the new margin for AUD/JPY, NZD/JPY, GBP/USD, NZD/USD, AUD/USD, EUR/AUD, EUR/NZD and USD/SEK became 2%. This compares to the previous requirement of 3%.
For OANDA Japan FX (Tokyo server) accounts, the margin rates for AUD/JPY, NZD/JPY, GBP/USD, NZD/USD, AUD/USD, and EUR/AUD were reduced from 3% to 2%.
The broker warns that even after this change, the margin rate may be revised again depending on the market situation. OANDA recommends that traders continue to have sufficient funds in their accounts.