Latest easyMarkets PR Points to dealCancellation Upgrade

The online trading world is being shaped by the latest financial market turmoil and as a result, brokerage companies are constantly looking for ways to enhance their trading services. This is the case with easyMarkets, a global, award-winning financial services provider, that had recently announced a major upgrade for one of its popular tools, via a press release.

Licensed and regulated by CySEC for its EU services and by ASIC in the APAC region, the company has been active since 2001 and since then has expanded services to cover more than 200 markets, including FX, stocks, indices, agriculture, commodities, energies, metals, forwards, and options. Aside from the CFD and options brokerage services, easyMarkets had also gradually developed a series of trading tools that come integrated into a proprietary trading platform and mobile app.

What is dealCancellation and why should traders use it?

Allowing an unprecedented level of control, dealCancellation is a tool that gives traders the ability to undo losing trades and recover their funds in exchange for a small fee. The feature has been activated on more than 30,000 deals up until now and with the latest enhancement should become more appealing for an increasing number of traders.

The latest upgrade had extended dealCancellation’s duration to 1,3, or 6 hours, which means it can be used in multiple ways when trading. Whether it’s for temporary hedging (opening a short-term position to reduce or neutralize the risk associated with an existing open trade), undoing mistakes, or testing new trading strategies, dealCancellation proves to be a very effective tool in minimizing potential trading losses.

dealCancellation is available via the proprietary platform developed by easyMarkets and the trading app compatible with both iOS and Android devices (when using the Day Trade Ticket). Used in combination with Freeze Rate, it could improve the options traders have at any given point in time, especially during periods of great market uncertainty.

More improvements announced in the following months

According to the latest press release issued by the company, Alex St. Louis, Chief Information Officer at easyMarkets, already talked about the upgrade and hinted at further improvements in the next few months:

“In the face of the current worldwide crisis, we enhanced our remote access infrastructure to ensure that easyMarkets could continue to operate at full capacity, maintaining its excellent standards of client services and daily operations. This combined with our already established development practices and collaboration tools enabled us to deliver major projects such as extending the duration of dealCancellation to 3 and 6 hours, with more to come in the next few months.”

Based on the developments seen in the past few weeks, 2020 is already building up to be one of the most challenging in the last decade and online traders around the world will need to face unprecedented roadblock along the way. The provision of innovative trading tools like dealCancellation is one of the most effective methods brokerage brands can use to stimulate traders and help them navigate such a volatile environment.

This article does not necessarily reflect the opinions of the editors or management of EconoTimes