US voters delivered a surprising result making Donald Trump the 45th President of the United States of America. The markets, which were expecting a Clinton victory, reacted sharply losing billions of dollars in just a few hours.
The ASX 200 slumped almost 4% before pulling back to finish 1.9% lower. The Nikkei fell 5.8%, Hang Seng in Hong Kong dropped 3.5%. US stock futures posted more and more losses as the electoral count came in with the S&P 500 down 4.6%, and the Dow falling 5% – hitting their limit threshold – the last time this happened was during the Brexit referendum.
While many traders choose to sit out market-volatile events like the election, others look to take advantage of the opportunities on offer. To these traders easyMarkets made a commitment of keeping their trading conditions consistent to what they offer year-round
- No slippage
- Fixed Spreads
- Fixed leverage
- Guaranteed Stop loss
- Negative balance protection
easyMarkets is proud to say that it kept its word and corrected all negative balances. As CEO, Nikos Antoniadessays, “Traders come to us to benefit from trading the markets. When the markets offer up such opportunities, we should not penalise them by changing our trading conditions. This is our commitment to our traders – what we promise does not change.”
Many traders on the easyMarkets platform chose to hedge their deals with dealCancellation – the company’s latest risk management tool. deal Cancellation* allows traders to cancel losing deals up to 60 minutes from opening and have their invested margin returned to their account. Nicolas Shamtanis, Chief Client Relationships Officer confirmed, “A number of traders used deal Cancellation to save them from losses. One client was able to pull back on a $9,500 possible loss when he made a wrong prediction on the direction of the S&P 500 index.”
Markets are expected to remain rocky for the next days and weeks as the new President settles in.
easyMarkets is an online market maker established in 2003 under the trade name of “easy-forex.” In December 2015, it re-branded and it now offers traders access to global markets with a wide choice of markets from one simple trading account. easyMarkets is domiciled in Limassol, Cyprus, is regulated by CySec and is licensed in Europe by MiFid and in Australia by ASIC. easyMarkets maintains offices in London, Sydney and Warsaw.
Risk warning: Forward Rate Agreements, Options and CFDs (OTC Trading) are leveraged products that carry a substantial risk of loss up to your invested capital and may not be suitable for everyone. Please ensure that you understand fully the risks involved and do not invest money you cannot afford to lose. Our group of companies through its subsidiaries is licensed by the Cyprus Securities & Exchange Commission (Easy Forex Trading Ltd- CySEC, License Number 079/07), which has been passported in the European Union through the MiFID Directive and in Australia by ASIC (Easy Markets Pty Ltd -AFS license No. 246566).