OANDA Japan Raises Silver Margins Amid Market Volatility

OANDA Japan raises XAG/USD margins and limits trading amid extreme silver volatility to protect clients’ capital.

Key Points:

• OANDA Japan increases XAG/USD margin from 5% to 20% and reduces maximum trading and open positions.
• Brokers warn of potential forced liquidations and may suspend silver CFD trading if volatility persists.

OANDA Japan Inc., a subsidiary of online broker OANDA Corporation, announced today that it will implement trading restrictions and increase margin rates for silver (XAG/USD) in response to extreme market volatility.

OANDA Japan Raises Silver Margins Amid Market Volatility

The brokerage reported that recent price swings in the precious metals market, particularly silver, have reached unusually high levels, creating low liquidity and sharply widened spreads. To protect clients’ assets and ensure trading safety, OANDA Japan will raise the XAG/USD margin rate and limit both trading size and open positions.

Key changes include:

• Margin Rate Increase: XAG/USD margin rate rises from 5% to 20%, effective February 2, 2026, at market open.
• Maximum Trading Size: The maximum order quantity per XAG/USD trade will drop from 50,000 (10 lots) to 25,000 (5 lots), effective January 29, 2026.
• Maximum Open Position: The maximum open position for XAG/USD falls from 100,000 (20 lots) to 25,000 (5 lots), effective January 29, 2026.

The brokerage warned that the margin increase will raise the maintenance margin for existing positions and the required margin for new trades. Depending on account equity, clients may face forced liquidation (stop loss) at the market open on February 2, 2026. Furthermore, OANDA Japan advised traders to increase account equity or reduce positions ahead of the changes.

The company also noted that rising volatility has driven up trading costs with counterparties and that margin rates and funding costs for precious metal CFDs, including XAG/USD and XAU/USD, may change without notice if market conditions deteriorate further. In extreme cases, OANDA Japan may temporarily suspend new trading of commodity CFDs, particularly silver, to safeguard client capital.

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