OANDA Japan to change margin rates for GBP/USD and GBP/JPY
Forex and CFD broker OANDA Japan will hike margin rates for GBP/USD and GBP/JPY currency pairs. The relevant announcement was made by the broker earlier today.
From the start of trading on October 10, 2022, the margin rates for GBP/USD and GBP/JPY for corporate accounts on the Tokyo server and NY server will be changed from the previous level of 2% to a new level of 3%.
The brokerage warns customers who hold positions in the relevant currency pairs that if they continue to hold positions after the market closes on October 8, 2022, a loss cut may occur due to a change in the margin rate.
Traders are advised to reduce their position in these instruments in advance or to make sure that they have enough funds in their accounts.