As we continue to bring LeapRate readers feedback and news from across the FX trading universe in the wake of yesterday’s pro-Leave Brexit vote, we have received a statement from CySEC regulated broker easyMarkets about trading conditions at the firm.
LeapRate readers will recall that easyMarkets was one of just a handful of FX brokers which committed to not cut leverage or hike margin requirements leading up to the Brexit referendum, maintaining its 200x leverage level even for GBP currency pairs.
easyMarkets rebranded earlier this year from EasyForex.
The statement from easyMarkets reads as follows:
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easyMarkets Weathers the Brexit Storm & Keeps Its Promise to Clients
The Brexit referendum result is in and the UK public has spoken – 48.1% voted to stay in the European Union and 51.9% voting to leave meaning a BREXIT will take place. The GBP fell to 1.3250 – an 11.42% drop and the lowest since 1985.
Leading up to the Brexit referendum, easyMarkets announced to its traders that it would not alter its trading conditions. Leverage would remain at 1:200, No Slippage, Fixed Spreads and Free Guaranteed STOP LOSS.
Following the Brexit event easyMarkets can confirm that client orders were executed at the requested prices and that no clients suffered from negative account balances. CEO, Nikos Antoniades says:
Our goal is to keep traders safe especially when trading in such volatile conditions. The Brexit event was the perfect scenario for us to show that we honour our promises to our traders.
easyMarkets has positioned itself as one of the easiest and safest brokers to trade with. Promises are easily made when the markets are predictable however easyMarkets has again honoured its commitment to traders under even the most adverse market conditions.