Vantage Launches 24/7 Gold CFD Product
Vantage has introduced XAUUSD247, an OTC gold CFD tradable 24/7 including weekends. The product uses a one-ounce contract size and is available via MT5, TradingView and the Vantage App.
Multi-asset CFD broker Vantage has rolled out a new over-the-counter gold CFD product that trades around the clock, seven days a week, including weekends. The offering, named XAUUSD247, is designed to meet rising demand for precious metals trading outside standard market hours.
The launch follows the CME Group's recent announcement that it plans to expand trading of certain gold futures contracts to a 24/7 schedule. Vantage, however, said XAUUSD247 is a separate OTC CFD product and is not linked to CME's planned offering.
Marc Despallieres, Chief Executive of Vantage, said the product gives eligible clients access to gold CFDs beyond normal market hours, backed by transparent product mechanics and clearly defined trading controls.
One of the key features of XAUUSD247 is its contract size. Each contract represents one ounce of gold, significantly smaller than the 100-ounce size used in Vantage's standard XAUUSD product, making it more accessible to retail traders.
The product carries no separate trading commission, but Vantage cautioned that spreads, financing charges and other applicable costs may still apply. Tiered leverage of up to 100 times is available, depending on position size, account type and other conditions.
XAUUSD247 is offered through MetaTrader 5, TradingView and the Vantage App, subject to scheduled platform maintenance and regional availability. The official product page is scheduled to go live on 6 July.
Source: LeapRate