easyMarkets Defies Industry Trend, Keeps 200:1 Leverage Over US Election Storm

Leading up to the US election, easyMarkets announces it would not alter its trading conditions.

CySEC-regulated forex broker easyMarkets has announced to its clients that it will be ‎‎applying the same trading conditions during the US elections scheduled for November 8. ‎

Don’t miss your last chance to sign up for the FM London Summit. Register here!

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

easyMarkets was one of just a handful of brokers that have preserved regular margin and leverage requirements throughout the Brexit volatility storm.

‎In addition to maintaining the offer of up to 200:1 leverage across all popular currency pairs, even including the tumultuous USD instruments, the company reiterated that during the upcoming US vote it will continue to offer its ‎‎traders no slippage, negative balance protection, free guaranteed ‎stop ‎losses and fixed spreads.

The ‎interesting announcement comes while most forex brokers have already ‎‎ironed out their plans to protect ‎themselves and their customers from any ‎sharp ‎market shifts that have the potential to wipe out account balances in an ‎instant. Beside raising leverage, many of them also make other amendments to their trading conditions, such as increasing stop out levels or restricting positions on certain instrument.

Suggested articles

#FBS2020: FBS Gives Away Lucky Gift Boxes in A New Year PromoGo to article >>

dealCancellation tool

Earlier in June, the CySEC and ASIC regulated broker, which rebranded in January 2016 from EasyForex, has adopted the new dealCancellation tool which allows ‎clients to buy ‘protection’ against losing deals within an hour of opening them and ‎have their original investment refunded.‎

In an interview with Nikos Antoniades, more clarity has been provided upon the new innovative feature.

Commenting in the press release, Nikos Antoniades, CEO of easyMarkets, said: “Volatile events offer one-off trading opportunities and some traders might be looking to take advantage of this. We won’t be penalizing them for wanting to take part in the action. In fact, we offer tools like dealCancellation that may even help them trade exactly these kind of events”.

“If Brexit has taught us anything this year, it’s to expect the unexpected. While we can’t predict the outcome of the US elections, our traders will be able to count on us keeping our commitment to them even under the most adverse market conditions,” he added.

‎Lessons should have been learnt

Forex traders, brokers, liquidity providers and other concerned parties seem ready ‎to ‎draw on lessons learned from memories of last year’s unexpected Swiss franc ‎‎volatility, after many platforms failed following ‎the decision announced by the SNB ‎to no longer peg its currency to the ‎euro. ‎

Market makers ‎booked millions of dollars of losses in a matter of minutes following ‎the shocking announcement. ‎ ‎Interactive Brokers, IG Group, London ‎Capital and ‎CMC all suffered losses while Alpari UK closed its doors and FXCM ‎had ‎to receive a ‎‎$300 million rescue loan from Leucadia. Saxo Bank’s net loss from the Swiss franc ‎black swan totaled $108 million.‎

Got a news tip? Let Us Know