MarketsVox Opens Gold and Oil CFDs 24/7, but What Sets…
By Rick Steves
AI summary of the source article
MarketsVox has introduced 24/7 CFD trading on gold, silver, Brent crude, and West Texas Intermediate crude, permitting trading when main futures venues are closed. CEO and Co-Founder Joe Roeder stated that clients should not have to wait for markets to open following global events. However, the release does not detail how weekend prices are determined, how spreads compare to weekday sessions, or how trades are hedged when primary exchanges are shut. Operating under Seychelles Financial Services Authority licence SD142, the broker acts as the immediate counterparty. This continuous over-the-counter derivative setup poses risks around wider spreads, reopening gaps, and internal exposure management.
Why it matters
Continuous 24/7 commodity CFD trading introduces execution and pricing risks because brokers must synthesize prices without reference to liquid underlying futures markets, potentially widening spreads and magnifying gap risks.
Key facts
- MarketsVox introduced 24/7 CFD trading on gold, silver, WTI crude, and Brent crude.
- The broker operates as MarketsVox SC Ltd under Seychelles Financial Services Authority licence SD142.
- The launch announcement omitted details regarding weekend pricing models, spread comparisons, and hedging counterparties.