OANDA Securities to Hike Margin Rates for NZD/USD and AUD/USD

OANDA Securities, the Japanese unit of OANDA which rebranded from OANDA Japan last month, has released a notice regarding the changes in margin rates for some currency pairs.

Specifically, the margin rates for NZD/USD and AUD/USD will be raised from 2% to 3%. This change will apply to corporate accounts on the Tokyo server and NY server from the start of trading on December 19, 2022.

The broker warns customers who hold positions in the relevant currency pairs will be subject to a loss cut over changes in the margin rate, if they continue to hold positions after the market closes on on December 16, 2022.

​OANDA Securities advises these customers to reduce their positions in advance or to make sure that they have sufficient funds in their accounts.

From November 7, 2022, the margin rate for USD/SEK has been raised from 2% to 3% for corporate accounts on the Tokyo server and NY server. Earlier, the margin rates for GBP/JPY and GBP/USD trading pairs on the same servers were hiked from the level of 2% to 3.3%​.