Do not invest more money than you can afford to lose.
Saxo Bank Securities Co., the Japanese unit of Saxo Bank, a Danish bank specialized in providing online trading services, said on Tuesday it has altered the margin rates for individual contracts for difference (CFDs) on some stocks. In some cases, the margins have been increased, while in others they have been lowered.
The changes will come into effect as of 10 February, 2016.
The Japanese broker has doubled the margin rates for trading in the stocks of Freeport-McMoran Inc. and Chesapeake Energy to 50% and 100%, respectively, for both retail and institutional clients. The margin rates for stocks of Vestas Wind Power will remain unchanged at 20% for retail clients, but will be decreased to 10% for institutional clients. Prior the the change, institutional traders were offered a margin of up to from 15% for trade in Vestas Wind Power’s shares.
Meanwhile, the margin for shares of ArcelorMittal has been altered to 25%.
Saxo Bank Securities recently got renamed from Saxo Bank FX Securities Co.. It is a member of the Japan Securities Dealers Association (JSDA), the Commodity Futures Association of Japan, the Financial Futures Association of Japan (FFAJ), and the Japan Investor Protection Fund (JIPF).
Saxo Bank, founded in Copenhagen in 1992, is a brokerage firm and a market maker. It holds a banking license from Denmark’s Financial Supervisory Authority (FSA). It offers trading in more than 30,000 instruments, including forex, binary options, CFDs, stocks, futures, and bonds through its proprietary online trading platforms SaxoTrader and SaxoTraderGO.
The group operates through its subsidiary companies across Europe, Asia and the Middle East, Australia, South America, and South Africa.
Source: Saxo Bank Securities Co.
