A number of brokers, namely Dukascopy, IG, Admiral Markets, and Oanda Japan have made the decision to lower leverage for some instruments (https://www.forexbrokerz.com/news/Some-major-forex-brokers-cut%20leverage-ratios-amid-Coronavirus-outbreak) due to the increased market volatility caused by the global health crisis.
Three brokers changed leverage last Friday – Admiral Market, Dukascopy and IG. Dukascopy decreased leverage for for commodities, indices and precious metals to 1:30, while IG increased the range of minimum margin rates on new positions for the weekend on indices, FX/gold, and oil.
Admiral Markets decided to reduce the maximum possible leverage for professional clients on four oil-related CFDs.
Oanda Japan on the other hand, has increased the margin requirement for certain forex pairs since March 30, 2020 and also announced they will do so for AUD/SGD, AUD/CAD, and CAD/JPY, which will be traded with a maximum of 3% margin. Previously it was 2%.
This is not surprising considering the crisis we are all in. Others will probably follow suit soon if they have not done so already.
Three brokers changed leverage last Friday – Admiral Market, Dukascopy and IG. Dukascopy decreased leverage for for commodities, indices and precious metals to 1:30, while IG increased the range of minimum margin rates on new positions for the weekend on indices, FX/gold, and oil.
Admiral Markets decided to reduce the maximum possible leverage for professional clients on four oil-related CFDs.
Oanda Japan on the other hand, has increased the margin requirement for certain forex pairs since March 30, 2020 and also announced they will do so for AUD/SGD, AUD/CAD, and CAD/JPY, which will be traded with a maximum of 3% margin. Previously it was 2%.
This is not surprising considering the crisis we are all in. Others will probably follow suit soon if they have not done so already.