Vantage Markets Opens Gold Trading Through the Weekend
Vantage Markets has launched XAUUSD247, a new over-the-counter CFD product allowing clients to trade gold around the clock, including Saturdays and Sundays. The move aims to bypass traditional market closures, offering continuous access to the asset through the broker’s MT5, TradingView, and mobile application platforms.
The product features a one-ounce contract size, significantly smaller than the 100-ounce standard associated with the firm's traditional gold offerings. While the service removes the standard five-day trading constraint, it remains subject to routine platform maintenance and regional availability. Marc Despallieres, Chief Executive Officer at Vantage, noted that the product provides transparent mechanics and defined controls for those seeking to extend their market participation.
Risk management remains central to the new offering. The firm has integrated net and gross exposure limits at the account level; once a threshold is breached, accounts automatically shift to a close-only mode. While no specific trading commission is applied to XAUUSD247, users face variable spreads and financing charges. Leverage of up to 100x is available, though this remains contingent on account type, position size, and the specific regulatory conditions governing the user's region. The service is scheduled for an official rollout on July 6.
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