OANDA Japan to Alter Margin Requirements for TRY Pairs

OANDA Japan, the Japanese unit of OANDA, has informed its clients of changes to the trading conditions for Turkish lira (TRY) pairs.

According to the company, it will raise the margin rate for TRY pairs from 10% to 25%, including EUR/TRY, TRY/JPY, and USD/TRY, effective January 31, 2022. The change will apply to individual and corporate accounts.

OANDA Japan warns that it may have to further adjust its margin requirements in the future. Traders are advised to check the level of funding of their accounts, so that they do not experience a margin call. In addition, the maximum trade size for positions in the above-mentioned TRY pairs is now 500,000 currency units.

Last month, FOREX.com Japan, a provider of online Forex trading services in Japan, announced to make changes to trading conditions affecting TRY currency pairs. For holders of MT4 accounts, this means that the margin requirement for trades in the above-mentioned TRY pairs will change from the current level of 10% to 20%.

Earlier, Darwinex, the social trading focused Retail FX and CFDs broker, also announced that the trading on TRY pairs had been disabled until further notice.