Abstract:The Japanese branch of OANDA Corporation, OANDA Securities, will change the margin rates for the USD/SEK currency pair.
Beginning November 7, 2022, the margin rate for USD/SEK (US dollar/Swedish krona) for corporate accounts on the Tokyo and New York servers will be modified. The margin requirement will be raised from 2% to 3%, up from 2% before.
Customers who have positions in the affected currency pairs are warned by OANDA that they may lose money because of the change in the margin rate. These traders should reduce their holdings ahead of time or make sure their accounts have enough cash.
On October 10, 2022, the margin rates for GBP/USD and GBP/JPY for corporate accounts on the Tokyo and New York servers were increased from 2% to 3%.
About OANDA
OANDA was founded in 1996, making it one of the first online forex brokers. The name is now well-known in the retail trading world, and it offers a wide range of forex products, worldwide corporate FX data services, and currency management solutions.
The company's main office is in Toronto, Canada, but it also has offices in other cities like Tokyo and London. In reality, OANDA has customers in more than 196 countries and operates in eight financial hubs around the world. The company has also gotten licenses in countries with important regulations, such as the UK, the US, Canada, Australia, Singapore, and Japan.
Despite being overlooked on many OANDA review boards, the FxTrade platform, which debuted in 2001, was the first completely automated forex trading platform.
More information on OANDA may be found at https://www.wikifx.com/en/dealer/0001134561.html.
Keep an eye out for more from Forex Broker News.
To remain up to speed on the latest news, download the WikiFX App from the App Store or Google Play Store.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Interactive Brokers has expanded trading hours for US Treasury bonds, now allowing trading for 22 hours daily.
Proprietary trading firms, commonly known as prop firms, have been gaining attention in the forex and cryptocurrency industry. These firms recruit traders to trade with their capital, offering potentially lucrative opportunities. However, the question arises: Are prop firms truly worth the hype?
CFI Financial Group integrates with TradingView, offering clients access to 4,000 trading instruments and a community of 50M+ traders, along with advanced charting tools for an improved trading journey.
A major event is coming! The "WikiFX Global Supervisors Gathering" event has officially launched, and participants will have the chance to win USDT rewards!