OANDA Japan to change margin requirements for AUD/JPY
OANDA Securities, the Japanese subsidiary of online broker OANDA Corporation, will change the trading conditions for AUD/JPY.
In a notice published on its website, the broker announces that, from the start of trading on May 15, 2023, the margin rate for AUD/JPY will change to 3%. The previous level was 2%.
The change will apply to business accounts on the Tokyo server and NY server.
The company warns customers who hold positions in the relevant currency pair that if they continue to hold positions after the market closes on May 13, 2023, a margin call may occur. Traders are advised to reduce their position in advance or to make sure that they have enough funds in their accounts.
Let’s recall that, from the start of trading on April 3, 2023, OANDA Japan introduced maximum open interest for all currency pairs and changed the maximum open interest for some stock index CFDs and commodity CFDs.