# Innovative new dealCancellation product from easyMarkets to democratise trading like never before Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2016-09-10 Category: FINANCE Category URL: https://financedigest.com/category/finance Meta Title: Boost Your Trading Confidence with dealCancellation Meta Description: Discover how easyMarkets' innovative tool can change the way you approach trading. Cancel losing trades within an hour and get your investment back. URL: https://financedigest.com/innovative-new-dealcancellation-product-from-easymarkets-to-democratise-trading-like-never-beforehtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/run-in-article-1736844518287-compressed.jpg) - **66.6% of traders are NT (intuitive-thinking) types (Elite Trader)** - **dealCancellation breaks through psychological barriers to trading for the masses (easyMarkets)** - **Making trading accessible to all has never been closer (easyMarkets)** [Trading](https://wealth.globalbankingandfinance.com/how-to-day-trade/) is an exciting business and one that requires a particular combination of determination, drive and daring. A survey by Elite Trader found that 66.6% of traders were classed as NT (intuitive-thinking) when it came to their Myers-Briggs classification. Other personality types were far less likely to become traders: just 3.1% of traders were SP (sensing-perceiving), 6.3% were SJ (sensing-judging) and 12.2% were NF (intuitive-feeling). The poll shows clearly the link between successful trading and certain personality traits. The risk involved in [trading has traditionally been seen as the reason why the industry tends to attract only a certain type of individual](https://www.financedigest.com/how-to-trade-forex-and-succeed-as-an-individual.html "How to Trade Forex and Succeed as an Individual"). However, a game changing new product from pioneering forex and CFD broker [**easyMarkets**](http://r20.rs6.net/tn.jsp?f=001jmiPfEJ2lkNiNcS-vRYbD0RoliN1DUx-gfypcbErLNY_kopwlXYIXjsWebcM7ILQiVquhhk_PFSlvoZU9G3NfnAyNqAqCuY7dbmYc7J85jGZyH17ECAvVH0J7rGBWb3ZhvlJZN0TO5lB_c7nftKSMofTVugs4IUV1QWNWYgklC9D1oauJu2d-Q==&c=zAeVtvODnCOoHfmj9z7IpcZK8Q1BhU8rbU1qG7NTRrQ3_0pt083GYQ==&ch=wFz10T2xVR9U_B83Ua8NjClQ-UTWoz7cTbP2RkRwlA_qg4f1_v_XXg==) is about to turn that on its head: [**dealCancellation**](http://r20.rs6.net/tn.jsp?f=001jmiPfEJ2lkNiNcS-vRYbD0RoliN1DUx-gfypcbErLNY_kopwlXYIXvlDNREDjxAZa1J68Wc99_YR4yklS66oEfJferkhQw_2SO5a39iiysuei9KvvIZ-VaqJTk8yJWLuwdzBquzjZ_2FNzwKluuC7JwVzGXz6vpq1e0ATsleYbGpTKO3logtqOaEccLP23pjUt4wxwk7bvh5aMjiiSKUUbvVb-MJJoKQZJ51gv-Il2M=&c=zAeVtvODnCOoHfmj9z7IpcZK8Q1BhU8rbU1qG7NTRrQ3_0pt083GYQ==&ch=wFz10T2xVR9U_B83Ua8NjClQ-UTWoz7cTbP2RkRwlA_qg4f1_v_XXg==) allows clients to ‘cancel’ losing deals within an hour after opening them and have their original investment refunded. The new tool incurs a fee of a few pips when the deal is opened, but provides the trader with the opportunity to save much more by cancelling the losing trade. Nikolas Xenofontos **Nikos Antoniades, CEO of easyMarkets** comments, “This is a bold new feature that no one else is offering. Essentially it means that you can open a deal and if the deal starts losing, you can cancel it and have your losses returned. It’s as simple as that.” dealCancellation follows 13 [years of innovation](https://www.financedigest.com/the-next-upcoming-years-to-move-mri-guided-focused-ultrasound-devices-market-beyond-cliched-roadmap-with-innovations-between-2018-2026.html "The Next Upcoming Years To Move Mri Guided Focused Ultrasound Devices Market Beyond Clichéd Roadmap With Innovations Between 2018-2026") from easyMarkets, which has been seeking to democratise trading since 2003. The company was the first to offer a web-based platform, [credit card](https://www.financedigest.com/what-happens-to-credit-card-debt-when-you-die.html "What happens to credit card debt when you die") funding, no minimum deposits and great trading conditions including free guaranteed stop loss and tight fixed spreads. **Director of** [Risk Management](https://www.financedigest.com/extended-reality-applications-in-risk-management.html "Extended Reality Applications in Risk Management") **Nikolas Xenofontos** sees dealCancellation as the logical [next step](https://www.financedigest.com/open-finance-the-next-step-for-global-digital-transformation.html "Open finance – the next step for global digital transformation"). He explains, We believe in making [trading accessible](https://www.financedigest.com/alloy-partners-with-fiat-republic-to-democratize-fraud-free-crypto-trading-and-simplify-fiat-access.html "Alloy Partners with Fiat Republic to Democratize Fraud-Free Crypto Trading and Simplify Fiat Access") to all. It’s a principal that we’ve [stayed true to since the company](https://www.financedigest.com/analysis-u-s-companies-spend-billions-on-stay-at-home-tech-boding-ill-for-office-properties.html "Analysis-U.S. companies spend billions on stay-at-home tech, boding ill for office properties") was founded. dealCancellation means that the [psychology of trading](https://www.financedigest.com/how-to-maintain-positive-psychology-while-trading.html "How to Maintain Positive Psychology while Trading") has shifted. It allows individuals who are more risk averse than the typical trader to have the confidence to trade, as they [know they can cancel a losing trade](https://www.financedigest.com/things-you-should-know-about-social-trading.html "Things You Should Know About Social Trading") within an hour of making it. This knowledge provides significant reassurance, particularly to those who are new to trading and those with a cautious approach to it. dealCancellation also provides more experienced traders with the confidence to up the stakes in their trades.” dealCancellation will be available to all easyMarkets traders from 20 September 2016. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---