Vantage to expand swap-free trading offering after savings of $1 million in gold XAUUSD
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.
Vantage’s swap-free gold XAUUSD trading has allowed traders to save nearly USD 1 million from overnight fees, according to the FX and CFD broker.
After seeing an overwhelming response from clients within the first three months of its implementation and subsequent positive feedback, the brokerage firm has decided to continue its swap-free trading beyond 2022 and extend the offering to other digital assets.
Swap-free trading eliminates overnight fees
Marc Despallieres, Chief Strategy and Trading Officer, commented: “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.”
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. Clients can calculate their own potential savings with the Vantage Swap Calculator.
Vantage is a global, multi-asset broker offering clients access to a nimble and powerful service for trading CFDs on Forex, Commodities, Indices, Shares, ETFs and Bonds. Founded 13 years ago, the broker now has over 1,000 employees across more than 30 global offices.
Vantage launches social trading on mobile app
Vantage has most recently launched social trading on the Vantage app. The multi-asset broker believes the social trading feature is revolutionizing the traditional CFD industry by turning trading into a social event with benefits for both sides, experienced traders and novice users.
Experienced traders can share their trading strategies as signal providers; novice traders will be able to follow numerous signal providers, gain insights from experienced investors, and trade their strategies by mirroring the trades of others.
The mobile app provides access to a comprehensive range of charts, technical tools, order types, personalized trading reports, and alerts, available in 14 languages. Market analysis and market news are powered by Trading Central and FXStreet.
Vantage Connect is born to serve institutions and corporates in the UK
The foreign exchange brokerage Vantage has also expanded its service offering and trading products with the launch of Vantage Connect, a liquidity solution for institutions and corporates in the UK.
The foray into multi-asset liquidity provision is intended for a client segment that includes mid-sized hedge funds, family offices and other buy-side institutions. The broker says the move comes as part of a wider strategic push to expand the institutional side of their business in response to growing demand for bespoke trading solutions.
Vantage Connect is authorized by the UK’s financial watchdog and, upon launch, it allows institutional clients to manage volatility and leverage a liquidity pool to buy and sell complex assets.
The expansion into the B2B market comes at a time when institutional and professional traders are experiencing challenges accessing the wholesale foreign exchange price matching community via a prime brokerage model.
