FXCM Japan Revamps Margin Schedule for GBP Pairs

Starting Monday, June 22, FXCM Japan will be altering margins for all major GBP currency pairs.

FXCM Japan, the former subsidiary FXCM (NYSE:FXCM) has instituted a new margin schedule for a number of British pound (GBP) currency pairs, according to an FXCM statement.

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FXCM Japan recently became part of Rakuten Securities following its acquisition earlier this year for the sum of $36 million. The changes are slated to take effect on Monday, June 22, 2015, and will encompass the following currency pairs:

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  • GBP/USD (British pound/US dollar)
  • GBP/JPY (British pound/Japanese yen)
  • GBP/AUD (British pound/Australian dollar)
  • GBP/NZD (British pound/New Zealand dollar)
  • GBP/CAD (British pound/Canadian dollar)

Moreover, it should be noted that up until June 20, 2015, maintenance margins of 1,000 per currency unit will be applied per ¥8,000.

Rakuten Securities is one of the five largest foreign exchange (FX) brokers in Japan, itself a subsidiary of Rakuten, Inc., one of the world’s largest Internet services companies.

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