OANDA Japan Adds Seven New Currency Pairs
Fazzaco learned that OANDA Japan, the Japanese unit of OANDA, has added seven currency pairs to its forex offering. These new trading instruments have been made available to trade on MetaTrader 4 (MT4) and MetaTrader 5 (MT5) via OANDA’s FX Tokyo server.
Below are the currency pairs newly added to the platfrom:
1. USD / MXN (margin 8%)
2. USD / SGD (margin 5%)
3. USD / CNH (margin 5%)
4. USD / DKK (margin 4%)
5. USD / NOK (margin 4%)
6. USD / SEK (margin 4%)
7. CNH / JPY (margin 10%)
According to the official press release, the broker notes that the margin requirements mentioned above are only applied for individual (retail) accounts. These will be different for pro accounts.
The minimum tradable quantity for the first six currency pairs will be 10,000 currency units, where as for the seventh pair (CNH/JPY) it will be 100,000 units (1 lot).
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Let's recall that, earlier this year, the broker announced the addition of five currency pairs to its offering, effective February 1, 2021. The list of additions includes MXN/JPY, EUR/NZD, NZD/CAD, CAD/CHF, and NZD/CHF.
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