Staying true to their founding principal of making trading easy and accessible to all, easyMarkets keep investing in technology and innovating their platforms. On Monday broker announced the launch of a new state-of-the-art feature: dealCancellation. It is is a risk management tool that allows traders to ‘cancel’ losing trades within an hour of opening for a fee of a few pips. Thus they can get their original investment refunded.
As dealCancellation is an industry first trader-centric tool, offering extreme ease of use, easyMarkets believe it gain popularity amongst both tentative newbies and more experienced traders looking to up the stakes in their deals. In fact, the feature is already proving popular amongst traders who have been using it and many consider it an industry game changer.
“Not only can I cancel my deal and save my investment when the markets are tanking, but if I hit my stop loss and I’ve covered my trade with dealCancellation – then I still get my money back. I’m happy with that”, comments Bob Douglas, an early adopter of the tool.
With this tool you can trade risk-free, and recover your losses. All it takes is a small fee based on the percentage of the amount traded and a minimum deposit of $1000.
dealCancellation was developed by ORE according to the specifications set out by easyMarkets. ORE is an options platform provider with which the broker has been collaborating since the development and launch of their options product offering.
easyMarkets is operating on the forex markets since 2003 under the name of easy-forex. The company behind the brand is Easy Forex Trading Ltd., which is regulated by CySEC. It also has an Australian subsidiary, that is duly licensed by ASIC. easyMarkets provides its services in over 160 countries worldwide, offering trading in 175 products ranging from currencies, CFDs, commodities and metals, to options. The products are available on two trading platforms – the ever popular MetaTrader 4 and the broker’s in-house platform.