UNDO LOSING TRADES WITHdeal Cancellation
One of the industry’s most innovative tools which allows you to trade risk-free*. Give yourself a one, three or six hour margin to cancel your order when the markets are moving against you.
Trade Big Events
During significant events some brokers increase margins or completely disable trading. We don’t, in fact we give you a tool which can help you trade big economic calendar events confidently.
Go Ahead, Make the Trade
Placing a trade order can be nerve-wracking, but with dealCancellation you can cancel a losing trade for a small fee, taking the anxiety of losing that trade out of the equation.
Make Bigger Deals
If the fear of losing a deal is holding you back from making a bigger trade, don’t worry, dealCancellation gives you an hour, 3 hour or 6 hour window to reverse it. If you see the markets moving against you, simply cancel the order.
Take Advantage of Volatility
Usually traders steer clear of volatility, because it could potentially increase the risk of losses. The problem is, increased risk also means increased opportunity. Use volatility to your advantage - with dealCancellation.
Trade Big Events
During significant events some brokers increase margins or completely disable trading. We don’t, in fact we give you a tool which can help you trade big economic calendar events confidently.
Go Ahead, Make the Trade
Placing a trade order can be nerve-wracking, but with dealCancellation you can cancel a losing trade for a small fee, taking the anxiety of losing that trade out of the equation.
Make Bigger Deals
If the fear of losing a deal is holding you back from making a bigger trade, don’t worry, dealCancellation gives you an hour, 3 hour or 6 hour window to reverse it. If you see the markets moving against you, simply cancel the order.
Take Advantage of Volatility
Usually traders steer clear of volatility, because it could potentially increase the risk of losses. The problem is, increased risk also means increased opportunity. Use volatility to your advantage - with dealCancellation.
How do I use dealCancellation?
1- When you open a deal, click on the shield icon to turn on dealCancellation, then choose the duration 1, 3 or 6 hours.
2- To see which trades have dealCancellation activated go to your Open Trades Report, the shield icon will be displayed next to the protected trades.
3-Losing a deal? Just cancel it within the set time limit.
2- To see which trades have dealCancellation activated go to your Open Trades Report, the shield icon will be displayed next to the protected trades.
3-Losing a deal? Just cancel it within the set time limit.
dealCancellation FAQs
Is there anything else I should know?
Due to exchange rate fluctuation, the amount to risk, once converted back to the trading account’s base currency, may be different when the deal is cancelled or closed.
Can I cancel a trade in profit?
Trades with active dealCancellation cannot be cancelled. You may close the position and realise any profits.
What happens if my trade hits its stop loss before I cancel it?
Another great benefit of dealCancellation is that if you’ve covered your trade with this feature, and should that trade be stopped out before you cancel it, you will still get the amount to risk of your trade returned to your trading account.
What happens when I ‘cancel’ a deal that is covered by dealCancellation?
When you cancel your deal, the amount to risk of that trade (your loss) is returned to your trading account.
Can I add dealCancellation to an open trade?
No, you can only add it when you first set up your trade.
How do I cancel a losing deal?
To cancel a deal that has dealCancellation enabled, go to ‘My Open Positions’ and you will see the dealCancellation icon on the deals you have enabled it on.
When you click to ‘close’ the position you are presented with the confirmation screen – at the bottom you will see how many minutes are left to cancel the deal. You may cancel the deal by clicking ‘Cancel Deal’ at the bottom of the screen. If dealCancellation has expired, you will no longer be able to ‘cancel’ the deal but you may ‘close’ it as normal.
When you click to ‘close’ the position you are presented with the confirmation screen – at the bottom you will see how many minutes are left to cancel the deal. You may cancel the deal by clicking ‘Cancel Deal’ at the bottom of the screen. If dealCancellation has expired, you will no longer be able to ‘cancel’ the deal but you may ‘close’ it as normal.
How do I know how much time I have left to cancel a deal?
Opened trades with dealCancellation still active will appear under “My Open Trades” tab with the dealCancellation icon next to the pair.
By clicking the close button you will be able to see the remaining time
for dealCancellation at the bottom of the pop-up window.
By clicking the close button you will be able to see the remaining timefor dealCancellation at the bottom of the pop-up window.
For how long is my trade covered by dealCancellation?
By default this is one hour (60 minutes) but you have an option of 3 and 6 hour durations. (1, 3 or 6 hours)
Is there a cost?
Yes, a fee based on recent market volatility.
How do I apply dealCancellation to my deal?
On your trading ticket, click the dealCancellation icon to the ‘On’ position and the cost is clearly stated. Once you click to ‘sell’ or ‘buy’ your deal will be opened with this feature enabled until expiry of dealCancellation (1, 3 or 6 hours).
Which products is dealCancellation available on?
You can apply dealCancellation to many of our day trading products including currencies, gold, silver and oil. Note, these are subject to change.
Simply check your trading ticket for the dealCancellation icon to see if it is applicable.
Simply check your trading ticket for the dealCancellation icon to see if it is applicable.
What is dealCancellation?
dealCancellation is a feature on the easyMarkets trading platform that gives you the right to cancel the trade up to the expiration time and save your invested amount.