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easyMarkets’ clients unaffected by GBP flash crash, now able to use dealCancellation for several global indices

easyMarkets reported that its clients got on with their business unaffected by the GBP’s flash crash that shook the markets on Friday. Besides, the brokerage announced it extends the product range of its dealCancellation risk-management tool with several global indices, including the German DAX, Japanese Nikkei, Australian ASX 200 and US S&P500.

The “flash crash” happened shortly after midnight London time on October 7, when within minutes the Cable dropped 6.1% against the USD, reaching a historical 31-year low. easyMarkets reported that its customers did well out of the event as the company retained its fixed spreads. In addition, all clients were able to exit their open trades and the broker corrected all negative balances.

What caused the “flash crash” of the Sterling remains unclear, however the currency is definitely experiencing a downward trend in relation to the possible ‘Hard Brexit’.

Meanwhile, due to the popularity of the dealCancellation tool which was launched this September, easyMarkets extends its product range with several global indices CFDs and said that it intends to add even more in the future.

dealCancellation is a unique market-first tool that allows traders to ‘cancel’ losing trades within an hour of opening. All it takes is a small fee based on the percentage of the amount traded.

A forex and CFD broker, committed to easy and safe trading, easyMarkets (formerly Easy-Forex) is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investment Commission (ASIC). It provides its services in over 160 countries worldwide, offering trading in 175 products ranging from currencies, CFDs, commodities and metals, to options on both its proprietary platform and the ever popular MetaTrader 4.
 

TAGS: easymarkets  dealCancellation  cancel trade  cancel deal 

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