The Investment Industry Regulatory Organization of Canada (IIROC) establishes margin rates. Margin requirements vary given the base currency of your account.
You need sufficient margin (collateral) in your trading accounts to cover any losses you might incur on your positions. See OANDA's margin rules for information on margin, margin closeouts, and how they can affect you.
Warning: These figures are subject to change when IIROC requirements are updated. To avoid margin closeouts, ensure you have sufficient additional margin in your account at all times to address updated margin requirements. Please note that OANDA offers a maximum leverage of 50:1 for major currency pairs (and 20:1 for minor currency pairs). We also enable our clients to cap their leverage at 40:1, 30:1, 20:1, or 10:1.
The Commodity Futures Trading Commission (CFTC) limits leverage available to retail forex traders in the United States to 50:1 on major currency pairs and 20:1 for all others. OANDA Asia Pacific offers maximum leverage of 50:1 on FX products and limits to leverage offered on CFDs apply. Maximum leverage for OANDA Canada clients is determined by IIROC and is subject to change. For more information refer to our regulatory and financial compliance section.
Trading FX and/or CFDs on margin is high risk and not suitable for everyone. Losses can exceed investment.