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Thread: easyMarkets: where is the ch?

  1. #1
    By paying a fee, cancel a trade?

    First I would love to know what the fee is and whether or not it works as stated because it could be a life changer : make trades of 1 hour only and cancel all of the poor ones, that's a fantasy come true

    but
    ...

    Where's the ch?

    https://lnd.easymarkets.com/eu/en/de...alcancellation

    Jeff

  2. #2
    The ch is that you need to pay a commission prior to each transaction to have the ability to cancel it. Read the ailments !
    In other words, it looks like that they sell you an choice to pay your own trade.

  3. #3
    I read states but they do not say the amount you need to pay

    is it by lot? Is it by commerce? Etc

    if you merely need to pay a little bit then it is okay I guess, may be intriguing

    Jeff

    EDIT: I found a movie and when trading 28000 GBP that they must pay 56 GBP to guard the trade. I Believe that's a bit much, price must move a lot with this coverage to be advantageous I guess

    I think it is great for novices

    Jeff

  4. #4

  5. #5
    If they can tell the cancellation fee is for every transaction, it would be helpful.

    For example if you're trading a pair with 1 lot how much it would be to insure the trade/cancellation fee for the transaction.

  6. #6
    Quote Originally Posted by ;
    it might be useful if they could tell how much the cancellation fee is for each transaction. For example if you're trading a pair using 1 lot how much it would be to cover that the trade/cancellation fee for the transaction.
    Obviously it will be based on the alternative price at that moment. Do you know how options work ?

  7. #7
    Quote Originally Posted by ;
    quote Obviously it will be based on the alternative price at that time. Do you know how options work ?
    Yeah I know how they work but what I do not know is how will they work together with the cancellation.

  8. #8
    Quote Originally Posted by ;
    quote yeah I know how they work but what I don't know is how do they work together with the cancellation.
    Basically in the event that you buy EURUSD and want to use the bargain cancellation, they'll check the cost of a PUT choice at a very close expiration date and they'll charge the cost of the premium and their fees.
    If price goes down and you want to cancel the transaction, the option would be profitable and they will it in the same time and recuperate at least what exactly what your transaction has lost.

    Of course, everything is likely designed and designed in order to be sure they would make money each moment.

    I didn't check in details their deal but I'd bet it works like that, plus the fancy marketing cover up to attract newbies.

    If you are considering using this right before the news, overlook it. Alternatives premium jump when increase of volatility is anticipated.

    That said, it is nonetheless a fantastic idea to offer to distinguish from their competitors. I would be interested to know feedback from somebody who has attempted to use it.

  9. #9
    It is an options trade, so the trade isn't done until you exercise your option. So you're out strike price and insurance cover with this. Great....

    You wouldn't be able to do this in spot for apparent reasons.

  10. #10
    Quote Originally Posted by ;
    quote Basically if you buy EURUSD and would like to utilize the bargain cancellation, they will check the cost of a PUT option at a really close expiration date and they will charge the cost of the premium plus their fees. If price goes down and you would like to cancel the trade, the option will be profitable and they will it at precisely the exact same time and recuperate. Of course, everything is probably designed and designed in order to be sure they'd make money each time. I didn't check in details their offer but I would bet it functions like...
    Yes you're quite right and just like you said some comments would be helpful from somebody who has used it first before jumping into it.

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