Canadian Self-Regulatory Organization Updates Margin Requirements
- Volatility across the CAD pairs is forcing the IIROC to change leverage.

The Canadian self-regulatory organization IIROC has issued an announcement highlighting some changes to the margin requirements which traders have to put up as collateral with their brokers if they are willing to trade certain pairs.
Excessive volatility in the exchange rate of the U.S. dollar against the Canadian dollar, which is primarily a function of oil prices, has prompted the self-regulatory organization to increase margin requirements to 2.9 per cent from 2.4 per cent.
The change cements Canada as one of the jurisdictions which are enforcing the tightest controls on margin requirements. In its unique regulatory framework, the foreign exchange brokers operating in Canada are required by law to comply with a set of rules setup by the Canadian self-regulatory organization of financial sector - the Investment Industry Regulatory Organization of Canada (IIROC).
With the CAD/JPY pair being limited to 1:25, the leverage that traders use when entering USD/CAD trades is 1:34.5.
The relative decrease in the volatility of the Norwegian krone has prompted the self-regulatory organization to reduce margin requirements on the USD/NOK pair to 3 per cent from 3.8 per cent.

Current margin requirements for retail FX traders in Canada, Source: IIROC
The Canadian self-regulatory organization IIROC has issued an announcement highlighting some changes to the margin requirements which traders have to put up as collateral with their brokers if they are willing to trade certain pairs.
Excessive volatility in the exchange rate of the U.S. dollar against the Canadian dollar, which is primarily a function of oil prices, has prompted the self-regulatory organization to increase margin requirements to 2.9 per cent from 2.4 per cent.
The change cements Canada as one of the jurisdictions which are enforcing the tightest controls on margin requirements. In its unique regulatory framework, the foreign exchange brokers operating in Canada are required by law to comply with a set of rules setup by the Canadian self-regulatory organization of financial sector - the Investment Industry Regulatory Organization of Canada (IIROC).
With the CAD/JPY pair being limited to 1:25, the leverage that traders use when entering USD/CAD trades is 1:34.5.
The relative decrease in the volatility of the Norwegian krone has prompted the self-regulatory organization to reduce margin requirements on the USD/NOK pair to 3 per cent from 3.8 per cent.

Current margin requirements for retail FX traders in Canada, Source: IIROC