Vantage Introduces 24/7 Gold CFD Trading with XAUUSD247

Vantage Markets has announced the launch of XAUUSD247, a new product allowing eligible clients to trade Gold CFDs at any time, including weekends. This development comes after the CME Group's plans to expand trading of select gold futures products to 24/7, pending regulatory review.

According to the company, XAUUSD247 is an over-the-counter CFD product that provides access to gold trading beyond standard market hours, with transparent product mechanics and defined trading controls, as stated by Marc Despallieres, Chief Executive Officer of Vantage.

XAUUSD247 will be available 24 hours a day, seven days a week, excluding scheduled platform maintenance and regional availability. The contracts will be sized at one ounce, in contrast to the 100-ounce contract size used in Vantage's traditional XAUUSD offerings. While there will be no separate trading commission, applicable spreads and financing charges may still apply. The product may also offer tiered leverage of up to 100x, depending on various factors such as position size and account type.

The product is designed with a risk-management framework that incorporates net and gross exposure limits at the account level. Once an account reaches the set exposure threshold, it will automatically enter close-only mode until the exposure drops below the appropriate limit. Various trading conditions, including spreads and leverage, may differ based on the client’s account type and region.

The official launch of the XAUUSD247 page is scheduled for July 6. Vantage Markets offers a wide range of trading options, including access to Gold, Forex, Commodities, Indices, Shares, ETFs, and Bonds, with over 17 years of experience in the industry.