Japanese broker Arena-FX changes margin requirements for NZD pairs

Japanese retail Forex broker Arena-FX is about to tighten margin requirements for trades with four pairs with the New Zealand dollar (NZD).

The changes come into effect on November 2, 2015, and will affect owners of individual and institutional (corporate) accounts for all of the platforms that the broker offers to its clients, including Trading Station, MetaTrader 4 and ZuluTrade.

The pairs to be affected by the changes are:

  • NZD/USD (New Zealand dollar vs US dollar);
  • NZD/JPY (New Zealand dollar vs Japanese yen);
  • NZD/CAD (New Zealand dollar vs Canadian dollar);
  • NZD/CHF (New Zealand dollar vs Swiss franc).

The maintenance margin requirement (MMR) for NZD/USD, NZD/JPY and NZY/CAD will change to JPY 40,000 (for individual accounts) and to JPY 10,000 (for corporate accounts). This compares with current requirements of JPY 36,000 and JPY 9,000, respectively.

The MMR for NZD/CHF will change from current JPY 45,000 to JPY 50,000. This is valid for owners of both types of accounts.

The broker asks its clients to adjust position size if necessary, in order to respond to the new trading conditions.

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