Brokers News

easyMarkets launches free “Freeze Rate” tool

Apr 03 2017
By Jonathan Smith

easyMarkets, a global forex broker regulated in Cyprus and Australia, announced the launch of the “Freeze Rate” tool.

It allows traders to “freeze” the desired rate before making a buy or sell decision. The option works in the following way: when a trader sees a rate they want to open or close a position at, they can freeze it for a few seconds and compare it to the ongoing live rates. While the rate is frozen, the trader can choose to buy or sell, or close a position at the frozen rate even though the live rate has already changed. This is in case the live rate does not get better than the frozen. If the rate does get better, then the client can choose not to trade on the frozen rate instead wait and trade on the improved market rate or freeze the new rate again and repeat the process.

According to the broker, the service is free.

“The driving force behind our inventions is finding solutions to our traders’ needs. This time we thought “what if you could freeze time before making a decision to place or close a trade?”. At first it sounded impossible but we made it happen.” easyMarkets' CEO Nikos Antoniades.

easyMarkets (previously Easy-Forex) is the trading name of Easy Forex Trading Ltd. – a Cyprus-based brokerage, established back in 2003. It provides its services in over 160 countries worldwide, offering trading in 175 products ranging from currencies, CFDs on indices commodities and metals, as well as options and forward contracts.

Easy Forex Trading Ltd, doing business as easyMarkets, is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC, license No 079/07), and its Australian subsidiary - EasyMarkets PTY Ltd. - is authorized and regulated by the Australian Securities and Investment Commission (ASIC).

TAGS: easymarkets freeze rate forex broker

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