IG Securities, the Japanese division of IG Group, has informed its users of an increase in the maintenance margin rate for pairs linked to the Turkish lira.

"Due to the current market situation, the maintenance margin rates for new positions on pairs linked to the Turkish lira (TRY/JPY, CHF/TRY, EUR/TRY, USD/TRY, GBP/TRY) will be increased to 25%," the company said in a statement.

At the same time, the broker points out that the maintenance margin rate for existing positions will remain unchanged.

IG Securities reminds traders that the maintenance margin rate is subject to change depending on market conditions. Users managing their positions should exercise caution and prudence in their financial activities.

For further information, contact the IG Securities support team.

IG Securities had previously increased margin requirements for Contracts for Difference (CFDs) on some highly volatile assets known as "meme stocks".