Japanese FX broker Hirose to cut leverage on LION FX platform

Japanese FX and binary options broker Hirose, which is planning a public float of its shares later this month, has announced pending changes to the trading conditions for owners of corporate accounts for its LION FX platform.

Effective April 11, 2016, the broker will be reducing maximum leverage for such accounts from 1:200 to 1:100. The change will affect existing and new positions.

Given that a change in leverage results in a change in margin requirements too, the company is asking its clients to check the margin levels and to adjust the size of their positions if necessary.

Hirose explains that the change reflects its efforts to mitigate risks in times of volatile markets.

Just a couple of days ago, Forex.com Japan also announced a pending cut in maximum leverage on corporate accounts from 1:200 to 1:100.

For the official announcement from Hirose, click here.

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