IG Securities, the Japanese subsidiary of electronic trading major IG Group, is reducing the margin rates on TRY pairs.
The broker explains that the change reflects current market environment.
Effective today, the broker is lowering the maintenance margin rate for new positions in Turkish Lira-related currency pairs (TRY/JPY, CHF/TRY, EUR/TRY, USD/TRY, GBP/TRY) to 10%.
For existing positions, the maintenance margin rate will be reduced to 10% only for positions that have a maintenance margin rate of over 10%.
The company says traders should be careful when managing their positions as maintenance margin rates may change depending on the market environment in the future.
