FOREX.com's Japanese division informed its clients of an increase in the margin rate for currency pairs involving the Hong Kong dollar (HKD).
The changes will take effect on March 9, 2023, and will affect the following currency pairs: USD/HKD, EUR/HKD, GBP/HKD, SGD/HKD, and HKD/JPY.
The margin rate is currently 15.00% with a leverage of 6.67, and it will increase to 20.00% with a leverage of 5.00.
However, for trades larger than $10 million and $20 million, margin rates are 20% and 30%, respectively, and leverage is 3.33 and 2.50.
The broker advises its clients to adjust their positions on these currency pairs and ensure that they have enough funds in their accounts.