Yahoo’s YJFX set to cut maximum leverage on corporate accounts

Japanese Forex broker YJFX, a subsidiary of Yahoo Japan Corporation (TYO:4689), today announced pending changes to the trading conditions for owners of corporate accounts.

The maximum leverage for such accounts is currently at 200x, but in the end of January 2016 this level will be reduced to 100x.

Customers are encouraged to change the leverage level before December 12, 2015. They are also advised to check whether they can provide sufficient margin for their positions.

The company did not provide any details regarding the reasons for such a move but referred to the current market situation, without elaborating further.

To view the official announcement from YJFX on the pending changes to leverage, click here.

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