FOREX.com Japan to Alter Margin Requirements for TRY Pairs

FOREX.com Japan, a provider of online Forex trading services in Japan, will make changes to trading conditions affecting Turkish lira (TRY) currency pairs. Last week, FOREX.com Japan issued a warning against the volatility of TRY due to political and economic reasons. 

After the closing of trading on Thursday, December 30 (7:00 am on Friday, 31st Japan time), the margin requirements for USD/TRY, TRY/JPY and EUR/TRY will increase twofold.

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%.

For holders of FOREX.com account, if the notional amount is USD 100,000 or less, the requirement is 10% as it is. However, if the notional amount exceeds USD 100,000, a margin requirement of 20% will be applied to the portion that is less than USD 200,000. Also, if you exceed $200,000, a margin requirement of 30% will apply for the portion less than $300,000. Accordingly, the required margin rate will increase by 10% for every US$ 100,000.

FOREX.com, including its Japanese operations, is now owned by StoneX. The company provides back office services, including automated trade allocation, online reporting, end of month statements, and pip and dollar commission reporting services for traders who manage funds on behalf of multiple clients.