Story
Vantage Introduces 24/7 Gold CFD Trading with New XAUUSD247 Product
Summary
Multi-asset broker Vantage has launched XAUUSD247, a new Contract for Difference (CFD) product that allows eligible clients to trade gold around the clock, including on weekends.
PORT VILA, Vanuatu – Vantage Markets, a multi-asset CFD broker, has announced the launch of XAUUSD247, a new product enabling 24/7 trading of gold Contracts for Difference (CFDs). The offering allows eligible clients to trade beyond traditional market hours through the MT5 and TradingView platforms, as well as the Vantage App.
The new product is a separate Over-the-Counter (OTC) CFD offered by Vantage. It features a one-ounce contract size, smaller than the company's traditional 100-ounce XAUUSD product. While no separate trading commission is applied, other costs such as spreads and financing charges may be applicable. Tiered leverage of up to 100x may also be available, subject to position size and account type.
As part of its risk-management framework, XAUUSD247 incorporates net and gross exposure limits at the account level. According to the company, if an account's exposure reaches a predetermined threshold, it will enter a "close-only" mode until the exposure is reduced below the limit. The product also allows for one-sided margin calculation for eligible accounts holding both long and short positions.
Ad"XAUUSD247 provides eligible clients with access to gold CFDs beyond standard market hours, supported by transparent product mechanics and clearly defined trading controls," said Marc Despallieres, Chief Executive Officer at Vantage. The specific trading conditions, including spreads and leverage, may vary depending on a client's region and account type. The product's official page is scheduled to launch on July 6.