Do you often want to cancel a trade when you lose money to avoid further loss accumulation？EasyMarkets has DealCancellation as the perfect solution。

Traders often suffer losses due to lack of proper risk management, although other factors such as lack of experience and sudden market fluctuations can also cause losses。As we all know, risk management is actually one of the most important components of a trading plan。

In terms of risk management, some commonly used tools are stop loss and take profit, which are currently available to most brokers.。However, if you don't have time to manage your stops, easyMarkets offers a solution that lets you cancel losing trades without worrying about slippage。This function is called "transaction cancellation"。

DealCancellation Overview

DealCancellation is one of the industry's most innovative tools from EasyMarkets。Basically, a trader can cancel a trade after a period of time, saving the amount of investment and limiting losses。DealCancellation applies to almost all tools in EasyMarkets unless otherwise noted。

Just check the trade cancellation icon on the trade slip to see all available tools。However, please note that this feature can only be used on the easyMarkets proprietary platform。

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EasyMarkets has been writing its own story in the financial markets since 2001.。Simplicity, honesty and transparency are the three values of easyMarkets。The company tries to make the trading process as simple as possible.。

In 2016, they changed their name from easy-forex to easyMarkets。Over the years, easyMarkets has expanded its range of CFDs products to cover global indices, options, metals, foreign exchange, commodities and cryptocurrencies, and the company has been licensed by CySEC and ASIC.。

Another privilege when trading at easyMarkets is its own platform。The easyMarkets Ease platform is simple and versatile. According to trader reviews, it is friendly to new customers and provides many features for experienced traders。Customers can also get free guaranteed stops, no slippage, fixed spreads, and no capital or withdrawal fees from easyMarkets.。

The platform has three unique features。First, dealCancellation enables traders to "undo" their trades。easyMarkets is the only broker that offers to close trades before the trading time reaches 60 minutes for a small fee。

In addition, traders can enjoy the internal viewer。The tool helps traders gain a deeper understanding of market sentiment by showing them the percentage of buy and sell executed in the platform。The third unique feature is the freeze rate, which traders can use to suspend the exchange rate and place their trades at the "frozen" rate。

easyMarkets also offers financial calendars, market news, trading charts and trading signals as a perk of the platform, offering the technology on a mobile interface via iOS and Android devices, allowing traders to enter the market anytime, anywhere。

MetaTrader 4 is also provided by easyMarkets。Traders will get negative balance protection and fixed spreads when using this popular trading platform。In addition to this, the broker offers ordinary options。

As a result of these innovations, easyMarkets has become an award-winning broker, winning the 2019 Forex Broker Award from Dubai Forex Expo, the 2018 Most Innovative Broker Award from World Financial Markets Awards, the 2018 Best Asia Pacific Broker Award from ADVFN International Finance Awards, the 2017 Most Transparent Broker Award from ADVFN International Finance Awards, the 2017 Best Forex Service Provider Award from FXWord China, and more.。

In addition, easyMarkets offers three account types, such as VIP accounts, Premium accounts, and Standard accounts。All accessible via web / app and MT4 platform。Maximum leverage is 1: 200 when using the easyMarkets Web / App platform and 1: 400 when using MT4。

Fixed spreads in forex trading from 1.Start at 0: 00。Traders can become easyMarkets VIP customers and enjoy some benefits, such as trading by phone, obtaining the most stringent fixed spreads, personal analysts, and real-time market updates via SMS。

Traders pay no additional fees, whether commissions, account fees or withdrawals。The account currency has 18 options, including euro, Canadian dollar, Czech koruna, Japanese yen, New Zealand dollar, US dollar, Singapore dollar, etc.。The company offers a variety of deposit and withdrawal methods, some of which are credit / debit cards, bank transfers and e-wallets such as Neteller, Skrill and Fasapay。

Traders can contact one of the company's local offices or its headquarters in the Marshall Islands directly if they have any questions or need help.。In addition, traders can chat with their customer service via email, Facebook, WhatsApp, Viber and live chat.。

Based on the above comments, easyMarkets offers an easy-to-use platform and some unique tools that traders can access anytime, anywhere。In addition, traders do not have to pay additional trading commissions and deposit and withdrawal fees.。Traders registered with easyMarkets can enjoy the EUR / USD pair as low as 0 in the MT4 platform.Spread of 9。

DealCancellation allows traders to cancel orders after three specific time periods:

• 1 hour
• 3 hours
• 6 hours

Once the transaction cancellation is activated and the transaction is successfully cancelled, the amount of funds will be returned to your account。Fees will still be deducted, but may suffer less than a regular stop-loss trade。Keep in mind that due to exchange rate fluctuations, the amount of risk returned may not be exactly the same as at the end of the transaction。

Moreover, DealCancellation is not completely free, and the cost of using this feature may vary depending on the securities you use, position size, and market conditions。The good news is that you will be able to view the full cost before the transaction starts so you can manage your transactions and fees。

Why use DealCancellation?？

Generally speaking, DealCancellation can be used in any transaction or situation, it is a powerful risk management tool that allows you to use various trading methods, such as:

• Trading during major market events: Usually, due to high volatility and extreme price fluctuations, most traders avoid the market during major events or news releases。When this happens, price fluctuations can be very fast, which usually leads to significant losses, so some brokers raise margin or completely prohibit trading during such events as a form of customer protection; on the other hand, easyMarkets provides A tool that can help traders open positions in time during major market events。

  Open larger positions: Many traders prefer not to open larger positions due to higher risk。If this is the case, DealCancellation can help you minimize risk by providing you with 1 hour, 3 hours or 6 hours cancellation options。You can easily use this feature when the market suddenly turns against you。

  Controlling trading risk: placing an order in the market means risking money to make a profit from price changes, which can be very nerve-wracking, especially for novices。But with DealCancellation, you can cancel losing trades for a small fee and eliminate the anxiety of losing too much on a single trade。

  Take advantage of volatility: for traders, volatility can be both a blessing and a curse, but most of the time it's the latter, and you'll lose money if you're not careful.。However, DealCancellation can solve this problem。You can quickly secure your trades even during periods of extreme volatility。In other words, it provides you with a good opportunity to generate more profits and minimize the possibility of losses beyond your ability。

How to activate DealCancellation

1.Log in to your secure client area and open the transaction, click the shield icon to enable the DealCancellation feature。Then, set the time period you want to use, 1 hour, 3 hours, or 6 hours。

2.On the easyMarkets platform, you can see in the trade report which trades have been activated DealCancellation, a shield icon will appear next to the protected position。

3.If you find a losing trade, you can close the position immediately within the specified time, click "Close Trade" to perform the operation, and the remaining cancellation time will be displayed below the trade details。

Conclusion

easyMarkets is the only broker that provides tools to cancel loss-making trades to manage risk, this feature is particularly useful for forex traders who are looking for effective ways to avoid adverse market effects。As described in this article, DealCancellation allows you to immediately close losing trades for a small fee。Overall, it is very easy to use and suitable for any type of trader。You can use it as a separate tool or use it with other risk management options (such as stop loss and take profit)。

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easyMarkets Founded in 2001, the only way to trade was through a physical trading room, which has been committed to helping all traders enter the market, fundamentally transforming the online trading industry in many ways with the basic concept and business model of "simplicity, sincerity and transparency."。