FOREX.com Japan to Increase Margin Rate for HKD Currency Pairs
Source: Chloe
FOREX.com Japan, the Japanese unit of FOREX.com, will increase the margin rate for HKD currency pairs, including USD/HKD, EUR/HKD, GBP/HKD, SGD/HKD, and HKD/JPY, from March 9, 2023.
FOREX.com is a trading name of GAIN Capital- FOREX.com Canada Limited, a wholly-owned retail Forex Business of StoneX Group Inc. (NASDAQ: SNEX).
The new required margin rate will rise to 20.00%, with leverage of 5.00 times. Currently, the required margin rate is 15.00%, with leverage of 6.67 times.
Additionally, if the trade size exceeds a certain amount (in USD), the following margin rate will be applied to the excess amount:
$10,000,000: 30.00% (3.33x leverage)
$20,000,000: 40.00% (2.50x leverage)
The change will apply to FOREX.com accounts and MT4 accounts.
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