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IG Securities Lowers Margin Rates on Turkish Lira Pairs

WikiFX
| 2024-09-25 14:41

Abstract:IG Securities, the Japanese arm of the prominent IG Group, has unveiled a significant adjustment to its margin rates for Turkish Lira (TRY) currency pairs. This move is designed to align with the current market conditions, offering traders more favorable terms.

img_v3_02f2_5e34c6e4-b85a-4aab-869f-07ff6484836g.jpg

IG Securities, the Japanese arm of the prominent IG Group, has unveiled a significant adjustment to its margin rates for Turkish Lira (TRY) currency pairs. This move is designed to align with the current market conditions, offering traders more favorable terms.

Starting today, the broker will reduce the maintenance margin rate for new positions in several TRY-related currency pairs—including TRY/JPY, CHF/TRY, EUR/TRY, USD/TRY, and GBP/TRY—to 10%. Additionally, for existing positions, the maintenance margin will also drop to 10%, but only for those currently holding a maintenance margin above this threshold.

IG Securities advises traders to remain vigilant in managing their positions, as margin rates are subject to future fluctuations in the market environment. This adjustment reflects the broker's commitment to providing flexible trading options while encouraging traders to adapt to changing market dynamics.

As market conditions evolve, traders are urged to stay informed and prepared for potential shifts that may impact their trading strategies.

img_v3_02cu_fb377bdb-2a33-46ed-99c9-cccf757bdf2g.jpg
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