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FOREX.com Japan to Increase Margin Rates on HKD Currency Pairs
FOREX.com Japan, the Japanese branch of FOREX.com, announced an increase in margin rates for Hong Kong dollar currency pairs, including USD/HKD, EUR/HKD, GBP/HKD, SGD/HKD and HKD/JPY, effective since March 9, 2023.
FOREX.com is a trading name of GAIN Capital-FOREX.com Canada Limited, a wholly owned retail currency pair business of StoneX Group Inc. (NASDAQ: SNEX).
The current margin rate is 15.00% with a leverage of 6.67x. The new required margin rate will be 20% with a leverage of 5.00x. This change will apply to both FOREX.com accounts and MT4 accounts.
In addition, if the trade size exceeds a certain amount (in USD), the following margin rates will apply:
-10,000,000 - 30.00% (3.33x leverage)
-20,000,000 - 40.00% (2.50x leverage)
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