Port Vila, Vanuatu, 8 December 2022: Vantage (or “Vantage Markets”), says its swap-free gold XAUUSD trading has received overwhelming response from clients. Within the first three months of its implementation, Vantage’s traders enjoyed nearly USD1 million in savings* from overnight fees.
In response to clients’ positive feedback, Vantage has decided to continue its swap-free trading beyond 2022 and extend the offering to other digital assets to benefit more clients.
The swap-free product enhancement was designed to provide greater convenience for gold XAUUSD traders. Clients are not charged overnight fees when trading across all trading accounts, including on the Vantage app, regardless of trade size. Details of the swap-free trading can be found here. Clients can also calculate their own potential savings with the Vantage Swap Calculator.
Marc Despallieres, Chief Strategy and Trading Officer at Vantage, said, “We have received much positive feedback from our clients, and are pleased to extend this offering for their benefit. Amid extreme market volatility, swap-free trading eliminates overnight fees as a cost consideration for our clients when they choose to pursue longer-term trading strategies. It also affords them the flexibility to close their trades at a time of their choosing, for their hedging purposes, removing the necessity of closing their trades on a daily basis.
“At Vantage, we are constantly looking to enhance our offerings to allow our clients to trade market opportunities on their own terms.”
*Based on figures provided by Vantage entities
Disclaimer: Any information/content/material is intended for educational purposes whereas Vantage does not represent or warrant that the material provided here is accurate, current, or complete and cannot be held responsible for any miscalculation/mistake or omission. Any reliance on such information is strictly at your own risk. The information provided here, whether from a third party or not, is not to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any financial instruments; or to participate in any specific trading strategy and/or as investment advice. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Please seek advice before making any trading decision. Past performance is not an indication of future performance. The information provided is not intended for distribution to, or use by, any person in any country where such distribution/use would be contrary to local laws.