EXNESS adjusts margin requirements on risky currency pairs

Retail Forex broker EXNESS has joined the growing group of companies taking extra measures to limit currency trading risks by adjusting margin requirements on certain trading instruments.

The company has announced that it will raise margin requirements on a number of pairs, starting from February 16, 2015, with the changes applying to all trading account types.

In particular, the changes include:

  • Setting a fixed margin of 1% of the volume of the transaction for currency pairs that feature SEK (Swedish krona), NOK (Norwegian krone), DKK (Danish krone), PLN (zloty), SGD (Singapore dollar), HUF (forint), CZK (Czech koruna), TRY (new Turkish lira), and ILS (new Israeli shekel);
  • Setting a margin of 2% of transaction volume for instruments with MXN (Mexican peso);
  • Setting a margin of 0.5% of transaction volume for pairs with ZAR (South African rand).

On the brighter side, fans of trading the Swiss franc (CHF) can now make use of relaxed margin requirements – these will be cut from 2.5% to 0.5% of the transaction volume.

The moves taken by EXNESS are not surprising considering the current dynamics of the Forex markets and the actions taken by several central banks to keep the peg of national currencies. Even US Forex watchdogs have acted to reduce the risks related to trading with some of these currencies, including SEK, NOK and MXN.

Many Forex companies have already announced similar plans to mitigate FX risks, with Forex.com, FXPro and Dukascopy slashing leverage on a number of currency pairs, while others – like FXCM, AxiTrader and Pepperstone suspending trading with risky instruments altogether.

You can view EXNESS’s official announcement by clicking here.

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EXNESS adjusts margin requirements on risky currency pairs


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