Saxo Bank Securities Co., the Japanese branch of the Danish investment services provider Saxo Bank said it is changing the minimum margin rates of two more CFDs. – On the stocks of Twitter (TWTR) and Media Analytics Corporation (MEDA).
The margin rate of the Twitter CFDs will be hiked by 5% – from 10 to 15% for institutional traders. For individual clients it will remain unchanged – 20%. The margin rate of the CFD’s on stocks of the Media Analytics Corporation will be increased to 25% both for the retail and the corporate traders. Previously the rates for the former was 15% and for the latter – 20%.
The new changes will come into effect on February 17.
Last week Saxo Bank Securities Co. made several announcements about changes to the margin rates of more than 10 companies.
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.