After revising its margin requirements for a set of currency pairs with the New Zealand dollar (NZD) earlier this month, Japanese Forex broker Arena-FX is again changing the trading conditions for these pairs – this time, in a favourable direction, as margin requirements are relaxed.
As of November 30, 2015 (Monday), Arena-FX will be cutting the required level of maintenance margin for NZD pairs for both individual and business (institutional) accounts. The changes will cover all the platforms in the lineup, including MetaTrader 4, Trading Station and ZuluTrade.
The new requirements will apply to the following instruments:
- 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 36,000 (for individual accounts) and to JPY 9,000 (for corporate accounts). This compares with current requirements of JPY 40,000 and JPY 10,000, respectively.
The MMR for NZD/CHF will change from current JPY 50,000 to JPY 45,000. This will apply to both types of accounts.