August 05, 2020

CySEC-regulated forex broker easyMarkets has updated its dealCancellation tool which allows ‎clients to buy ‘protection’ against losing deals after opening them and ‎have their original investment refunded.‎

dealCancellation now allows traders to ‘undo’ their trades within different durations, from 1, 3 to 6 hours. The tool incurs a fee of a few pips, based on market volatility, once the ‎deal is opened. When faced with a losing position, it provides the trader with ability ‎to back out of this trade, losing no more than the premium he paid, while ‎allowing him to gain from any positive price movement.‎