Are you looking for a great place to trade gold with no overnight fees? Check out what Vantage has to offer in this article.

There are many reasons why people like to trade gold. One of the most common answers is diversification. Now the first rule in diversification is to choose instruments that have an inverse relationship with each other. Due to its historical background, gold tends to have an inverse relationship with stocks and dollars.

For instance, back in the 70s, gold was having a positive price while for stocks, it was negative. The 80s on the other hand was a bad period for gold and a market boom for stocks. The price of gold also tends to be less heavily affected by geopolitical risks, so gold is often known to be a safe haven commodity amid uncertain economic conditions. That being said, including gold in your portfolio can help you diversify and hedge against major market movements. 

Another unique thing about gold is the limited supply and high demand, which leads to scarcity and high price. When the production slows down, there's a chance that gold prices will keep moving upward and vice versa. Meanwhile, the demand for gold is also considered stable as the precious metal remains a popular choice to make items like furnishings and jewelry to this day. In addition, the growth in the global economy leads to more demand for gold as well and has played a part in the recent gold market bullish trend.

Considering all these benefits, it's highly recommended that any trader start learning to trade gold and understand how the metal moves on a daily basis. Vantage is one of the brokers that offer gold trading in their service. In this guide, we'll find out everything about it, including the fees, conditions, and more.

Gold Trading in Vantage

 

Vantage's Gold Trading at a Glance

Vantage is a multi-asset broker that offers various instruments such as forex, stocks, commodities, indices, ETFs, and bonds. Founded more than 10 years ago, Vantage has now become a reliable broker with a huge client base from traders all around the world. Vantage is fully regulated and has obtained licenses from the following ASIC of Australia, FCA of the UK, VFSC of Vanuatu, and CIMA of Cayman Islands.

Vantage offers you access to gain exposure to gold price movements using gold Contracts for Differences (CFDs). Gold CFDs allow you to speculate on gold prices without having to own the asset, so it's very practical and profitable. The spread for gold trading starts from 1 pip and the maximum leverage is 1:500.

On top of that, Vantage allows you to trade gold CFDs completely swap-free. This means you won't be charged for holding the position overnight. The purpose is to give higher convenience for gold traders and allow them to trade both in the short- and long-term with minimal cost. It gives traders more flexibility to close their trades at the time of their choice, eliminating the need to close positions on a daily basis. This condition applies to all Vantage trading accounts and all platforms including the Vantage App regardless of the trading size.

 

The Benefits of Gold Trading in Vantage

  • Trade swap-free. You can open positions on gold CFDs without incurring any swap or overnight charges if you hold the position overnight. This allows you to significantly reduce your trading cost and increase your savings.
  • Hedge your positions. Use gold CFDs as a hedging instrument against huge market fluctuations and uncertain market conditions. Don't forget to constantly monitor the gold prices to take the highest possible advantage.
  • Low upfront costs. Get exposure to gold prices simply by paying a fraction of the cost when trading with gold CFDs.
  • Competitive gold CFD prices. Vantage offers competitive spreads for gold trading starting from 1 pip and maximum leverage of 1:500.

 

How to Trade Gold in Vantage

Do the following steps to start trading with gold CFDs in Vantage:

  1. Register with Vantage and create a live trading account. Choose the account type that suits your needs.
  2. Deposit funds into your trading account using available deposit methods.
  3. Open your preferred trading platform and start buying and selling gold CFDs. The swap-free feature will be automatically applied to your trades.

 

Final Thoughts

Vantage is a great place to start trading gold CFDs, mainly because of the swap-free feature. That way, you can take advantage of the famous precious metal with minimal cost as well as hold your positions for as long as you want without having to worry about overnight charges. There are loads of good trading strategies that you can choose to trade gold, both in the short- and long-term. Make sure to plan your trades well to succeed in gold trading

 


Vantage is a multi-asset broker with over 10 years of experience. Headquartered in Sydney, the award-winning broker operates in 172 countries with more than 1,000 employees in over 30 global offices. Some of their winning points include transparency and stong regulation, lightning fast trading execution, and raw ECN spread from 0.0.