CySEC and ASIC regulated brokerage easyMarkets today launched a new feature on its trading platform to better help manage risk. dealCancellation allows clients to ‘cancel’ losing deals within an hour after opening them and have their original investment refunded.
dealCancellation incurs a fee of a few pips when the deal is opened but gives the trader the opportunity to cancel a losing trade and save much more. The broker said the feature is already proving popular amongst the early adopters who have been using it.
Nikos Antoniades, CEO of easyMarkets says:
“This is a bold new feature that no one else is offering. Essentially it means that you can open a deal and if the deal starts losing, you can cancel it and have your losses returned. It’s as simple as that. What gives us the ability to innovate is that we’ve always invested in our technology and we’ve stayed true to our founding principal of making trading easy and accessible to all. The depth and breadth of our knowledge and experience in the industry means we can offer great trader-centric tools that no-one else is doing.”
“This is a bold new feature that no one else is offering. Essentially it means that you can open a deal and if the deal starts losing, you can cancel it and have your losses returned. It’s as simple as that. What gives us the ability to innovate is that we’ve always invested in our technology and we’ve stayed true to our founding principal of making trading easy and accessible to all. The depth and breadth of our knowledge and experience in the industry means we can offer great trader-centric tools that no-one else is doing.”dealCancellation was developed by ORE, an options platform provider to specifications set out by easyMarkets. Mr. Antoniades further stated: “We’ve been collaborating with ORE since the development and launch of our options product offering. They’re a smart group of people that have taken a somewhat complex product and made it extremely user-friendly.”
Merav Brenner Head of Accounts at ORE says: “ORE’s philosophy is simple: create a great product and traders will use it. We focus on making options trading simple and accessible. Our customers share our vision and our team works closely with them to improve our product every day. We are proud to launch this product with easyMarkets”. dealCancellation is an industry first and should prove popular amongst both new traders tentatively starting out and more experienced traders looking to up the stakes in their trading.
“dealCancellation© Option is an ORE patent pending under the patent “Easy Cancellation Option” application number 62334455.”