Story
Vantage Markets Launches 24/7 Gold CFD Trading
Summary
The multi-asset broker has introduced XAUUSD247, an over-the-counter derivative product allowing eligible clients to trade gold contracts for difference continuously, including on weekends.
Vantage Markets, a multi-asset broker, has announced the launch of a new gold contract for difference (CFD) product that will be available for trading 24 hours a day, seven days a week. The new offering, XAUUSD247, allows eligible clients to trade gold prices beyond traditional market hours, including over the weekend.
Product Specifications
According to the company's announcement on July 4, the new product is a distinct over-the-counter (OTC) offering with several specific features designed for continuous trading. Key details include:
- Contract Size: The XAUUSD247 contract is based on one ounce of gold, a smaller size compared to the firm's traditional 100-ounce XAUUSD product.
- Leverage: Tiered leverage of up to 100x may be available, subject to the client's position size, account type, and regional regulations.
- Costs: While there is no separate trading commission, Vantage noted that spreads, financing charges, and other costs will apply.
- Platforms: The product will be accessible through the MT5 and TradingView platforms, as well as the Vantage App.
As part of its risk management framework, Vantage has incorporated net and gross exposure limits at the account level. Accounts that reach the applicable threshold will enter a "close-only" mode until their exposure is reduced.
AdMarket Context and Implications
The move to offer weekend gold trading provides investors with the ability to react to geopolitical or economic news that breaks when traditional markets are closed. This development follows a recent announcement from CME Group about its plans to expand trading hours for certain gold futures products, signaling a broader industry trend toward extended access to key assets.
"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 product is scheduled to officially launch on July 6.
Vantage specified that the availability and trading conditions for XAUUSD247, including leverage and spreads, may vary depending on the client's jurisdiction and account type.