IG Securities, the Japanese subsidiary of global trading company IG Group, announced that it has revised margin rates for currency pairs linked to the Turkish lira, reflecting recent market conditions. The move is aimed at providing greater flexibility to traders in the face of ongoing market volatility, particularly with respect to the Turkish lira.

Effective today, IG Securities has reduced the maintenance margin rate for new positions in several currency pairs linked to the Turkish lira, including TRY/JPY, CHF/TRY, EUR/TRY, USD/TRY and GBP/TRY. The new maintenance margin rate for these positions is now 10%. This reduction is intended to provide traders with greater leverage and potentially reduce the capital required to open and maintain positions in these specific currency pairs.

For traders with existing positions in Turkish lira-related pairs, the new maintenance margin rate of 10% will only apply if their current positions have a margin rate above 10%. IG Securities emphasized that this adjustment is based on recent market trends and conditions that have been characterized by fluctuations in the value of the Turkish lira against other currencies.

The decision to lower the maintenance margin rate reflects IG Securities' commitment to respond quickly to changes in market dynamics, offering traders the tools and flexibility needed to navigate these changes. However, the company also cautioned traders to remain vigilant in managing their positions, as the maintenance margin rate is subject to change depending on further market developments.

In an official statement, IG Securities advised clients to stay informed and actively manage their portfolios in light of the changes. Traders who have questions or require further clarification on the new margin rates are advised to contact IG Securities' support team for assistance.

The move emphasizes IG Securities' adaptive approach to market conditions, providing traders with the necessary margin flexibility while maintaining risk management in an increasingly volatile trading environment.