Stay Protected with easyMarkets when UK Prime Minister Triggers Article 50 on March 29th
24 March 2017
The first big economic event of 2017 has arrived and easyMarkets is prepared!
Coming March 29th, article 50 will be triggered as announced by UK Prime Minister Theresa May, this means the UK will officially inform the European Council that it intends on leaving the EU bloc, and negotiations about the terms of its withdrawal will officially begin.
The Brexit vote was a big event for markets, especially the GBP/USD which dropped to its lowest since 1985 following the announcement that UK citizens have voted in favor of the first EU exit. This was also a big event for easyMarkets during which our traders enjoyed big market opportunities with their usual trading conditions and risk management tools.
When article 50 is officially triggered on the 29th a market reaction is expected and potentially high volatility. This means more opportunities in the market.
How Does easyMarkets Keep You Protected?
You can only take advantage of such trading events when you have effective risk management tools, and access to trading conditions which will work in your favor, not against you. We’ve designed a platform which allows trading with maximum risk management, even through big volatile market events. On this historic day, trade with the same protection you’ve become used to with easyMarkets:
One way to lose a lot of money during a volatile market event is the widening of variable spreads which tends to happen during the biggest events when the biggest opportunities present themselves. That is also the time when many STP brokers stop you from trading all together. With fixed spreads, you can trade without any worries that your spread will widen. Of course, we are keeping our spreads fixed on the 29th of March as we always do.
Even during big events like the Brexit, our traders experience no slippage on the easyMarkets platform. In fact, the only slippage you could experience is positive slippage, which means if a better rate appears between the time you place the trade and the time it’s executed, you will be notified to open your trade at the better price.
Negative Balance Protection & Guaranteed Stop Loss
Trade knowing you will never lose more than you invested with negative balance protection, furthermore you can place your stop loss at the desired rate and rest assured that even if the market is extremely volatile, your stop loss will not suffer from slippage.
Stronger Risk Management Tools, Lower Risk
Last but not least you will have a unique look into market movement with dealCancellation* and Freeze rate**. Even through the most volatile times you can put in a small fee and get a whole hour to watch if the market is moving in your favor, if not you can simply undo it with dealCancellation, and when the movements are happening too fast, freeze the rate with Freeze Rate and see if a better rate comes along. Repeat the same process with Freeze Rate as many times as you like with no extra fees or commission.
We Keep our Promises
Our clients have traded big market events including last year’s Brexit without any changes in the mentioned conditions, which is why our promise is proven in our history. easyMarkets has been protecting you since 2001, and we intend to keep doing that indefinitely.
** Please note that guaranteeing the rate per above methods is subject to limitations. Market volatility may cause rate movements between the time your request for a deal to be executed and the time your order reaches our system. This may result in easyMarkets not being able to fill your order.
dealCancellation© Option is an ORE patent pending under the patent “Easy Cancellation Option” application number 62334455.