Harvest Topworth International (Since 1994) ISO Certified

Transcription

1 Harvest Topworth International (Since 1994) ISO Certified

2 CFD & FX Trading LAHORE KARACHI COLOMBO

3 About Us Chairman s Statement Goal and Focus Forex The Basics CFDs The Basics Why Trade Online Trading Online Products & Services International Live Account Procedure Risk Warning & Disclaimer Contact Info (back cover) Contents

4 About Us Pakistan enacted the Protection of Economic Reforms Act in 1992 to relax foreign currency controls, boost investor confidence and rejuvenate the economy. Taking advantage of this opportunity, Harvest Topworth International (HTI) started its operations in Pakistan in 1994 as a registered partnership. Since then, HTI has worked with a number of international brokerage firms to provide facilities and services to their clients in Pakistan. HTI currently provides services to clients of two different international companies: CMC Markets - a UK based firm licensed by the Financial Services Authority (FSA) and Standard Vanguard Investments - a licensed New Zealand entity. Headquartered at Lahore, our operations are being conducted from various locations in Pakistan including Karachi, Multan, Sargodha, Sahiwal, Vehari and Faisalabad. We also have a representative office in Colombo, Sri Lanka. In 2006, Harvest became the first company in Pakistan to introduce internet-based online facility for clients of international brokerage firms. Hi-tech communications and other information systems enabled us to make first-hand information available to prospects interested in trading in international commodity and futures market. In order to maintain our operational growth, we have equally focused on our internal sustainability. Starting with a group of 100 business agents, our marketing strength now exceeds 500 business executives providing efficient and prompt service to the clients of our principals.

5 Our Research Department established in 2000 consists of the best minds in the industry. Through rigorous training, the research staff has acquired quantitative and qualitative analytical skills which have made them experts at assessing risk and making investment strategies appropriately. This helps to assimilate and utilize data for maximizing returns. Furthermore, this technical knowledge, enhanced asset pricing, valuation and portfolio construction skills for various asset classes enables them to keep our principals clients well informed. Relative to developed markets, Pakistan has a small percentage of its population exposed to financial markets. Our objective is to offer opportunity and access to trade in these markets. We strive to innovate and excel continuously; thus our performance and adherence to globally recognized standards have been acknowledged through successful achievement of ISO 9001 certification.

6 Chairman s Message Harvest Topworth International is the first and the largest organization in Pakistan which introduced conventional and online foreign exchange and derivatives trading in the country. Today, HTI stands as a leader in providing trading facilities to the clients of international brokerage firms throughout the country and abroad with internationally recognized standards. I assure you that our endeavor in giving Harvest Topworth International a broader configuration will always remain active. We have already opened an office overseas and arrangements are in progression to launch more branches in other countries in addition to widening our network within the country. I am confident that your patronage will keep us motivated to pursue our goals. Muhammad Gulraze Mir

7 Harvest s goal is to develop a presence in major markets of the world through reputed principals and deliver a wide range of value added services. We aim to provide the latest trading platforms and the best human resources in order to maintain the highest standards in trade executions and customer service. Harvest Topworth International strives to operate as a professional entity providing par excellence personalized customer services to financial market traders. Goal Focus

8 Forex The Basics WHAT IS FOREIGN EXCHANGE? Foreign exchange is the exchange of one country s currency for another. The rate of currencies is largely governed by prevailing global indicators pertinent to the specific currency. A trader who wishes to deal in foreign exchange simultaneously buys one currency and sells the other with the intent of earning a profit when the values of currencies change. The Foreign Exchange or FX market is the world s largest financial market, with volume of over $4.1 trillion per day. FX has traditionally been an institutional or inter-bank market. However, online services now offer simple and easy access to FX market for retail investors and individuals traders. FX has now become a leveraged product and can be traded on margin. It is, therefore, called FX margin trading as well. MARGIN When you open an FX position, you are not required to pay the full value of the trade. The online trading systems of our principals allow trading on a 1% margin, meaning that you would be required to deposit only 1% of the position value known as initial margin. 1% margin gives you a leverage 100 times on your account balance. How To Calculate Your Margin You buy EUR 125,000 spot You have required minimum of 1% margin in your account. Ÿ EUR 125,000 * 1% (0.01) = EUR 1,250 or US$ 981 (1,250/1.2730) To hold this position, you are required to have $981 or above as your initial margin. Sample Trade You buy EUR 125,000 spot EUR/USD rate now reaches to You sell EUR 125,000 spot Buying spot EUR/USD rate = Selling spot EUR/USD rate = Difference in buying and selling price = Profit calculation = 125,000 X Gross Profit before trade commission = US$ 375 Caution: It is important to remember that margin trading increases your exposure to risk and reward, Therefore, losses and profits can be significantly magnified.

9 WHAT IS A CFD? CFD means "Contract For Difference". Originally used by large institutions in UK to cost-effectively cover their equity exposures, CFDs are now a mutual and communal trading tool used by retail investors round the world. As the name suggests, a CFD is simply the setting of a contract for the difference between the buying price and the selling price of a financial instrument. A CFD reflects the performance of an instrument such as Commodities and Indices, etc., offering the benefit of trading these without having to physically own the underlying instrument itself. CFDs offer active trader a number of benefits over and above that of other trading instruments. A Flexible Tool One of the major benefits of using CFDs is that you can place both long and short positions with equal ease. If you buy (go long) a CFD, you can potentially profit if there is a rise in the underlying reference asset's price and lose if underlying reference asset's price falls. Conversely, if you initially sell (go short) a CFD, you will profit from a fall in the underlying reference asset's price and lose if underlying reference asset's price rises A Clear Advantage The transparent pricing structure of CFDs means that unlike other derivatives, the price is always based on the underlying instruments. Our principal's CFD prices are derived from the underlying market. This means CFDs give you access to the underlying market liquidity, plus additional liquidity offered by our principal. An Efficient Use Of Your Capital CFDs are traded on margin. This is a far more cost-efficient use of capital because you only have to allocate a small portion of the value of your position to secure a trade while still maintaining the same market exposure as you would have if you had paid full consideration. This means your potential return on investment is magnified. But remember trading on margin will also magnify losses if your position goes against you. MARGIN You do not pay the full underlying value of a CFD trade. However, before you trade, you are required to deposit "initial margin". Initial margin rates may vary between instruments. These are calculated as a percentage of the overall value of the trade, typically between 1% to 5%. If your trade is eligible for a 5% margin, you can hold a position worth USD 100,000 having deposited only USD 5,000. You would therefore gain twenty times leverage on the collateral provider. Commodity CFDs C o m m o d i t y C F D o f fe rs p o p u l a r instruments to trade such as Crude Oil, Copper, Gold, Silver, Cocoa, Coffee and Sugar, etc. These are available live through our principal's award-winning internetbased deal execution system. Unlike futures, CFD trading allows you to access commodities while accomodating small contract size and reduced margin requirements. The profit and loss that a client incurs can be worked out by looking at the commodity's 'tick value'. CFDs The Basics

10 CFDs The Basics How To Calculate Profit Or Loss Of A Commodity CFD: Ÿ You buy 10 US Crude Dec CFD at with a view that crude oil price will rise Ÿ Crude oil price moves higher and now US Crude Dec CFD is trading at Ÿ You sell 10 US Crude Dec CFD at to close your position Ÿ The tick movement for US Crude Oil per CFD is 0.01 Ÿ You have made 170 ticks on this trade (( )/0.01=170) Ÿ You earned a profit of US$ 1,700 (( )/0.01X10CFDs=US$1,700) Ÿ Your net profit will be US$1,700 minus the commission Indices CFD An Indices CFD allows a trader to buy or sell on the movement of an index taking either a long or a short position. Some of the global indices covered through CFD are SPX500, NDAQ100, US30 and UK100. If you foresee the UK stock market rising, you can buy the UK100 CFD contract How To Calculate Profit Or Loss Of An Indices CFD: You buy 5 CFD contracts at 4,800. Each CFD contract is worth GBP 4,800 and requires a minimum of 1% margin, i.e., GBP 48. Each time the index moves an index point, 1 CFD will yield a profit or loss of GBP 1 The UK stock index moves higher to 4850 You sell 5 CFD contracts at 4850, a movement of 50 points in your favour Your profit is GBP 250 (( )X5CFD contract= GBP250) Your statement of account will convert and show the profit in USD.

11 Why Trade Online Through our principals' unparalleled platforms, you get free access to all the trading tools you need to deal successfully in the fast-moving financial marketplace. The live dealing platforms offer our clients a totally transparent real-time trading service. Live trading prices Live market moving news Live & historical charts and technical analysis for 1-minute to 30-year interval Live profit/loss, equity and margin calculation One-Click trade execution Instant retrieval of account statement Unlimited user-designed templates Integrated Risk Management Tools Risk and reward are both inherent to trading but the online deal execution systems of our principals offer a number of risk and reward management tools that enable traders to deal with responsibility. The award-winning online trading platforms allow our clients to set their own risk and reward platforms through the deployment of numerous online order types. Limit Order: Limit order allows you to predetermine a price higher than the current price at which you wish to sell or level below which you wish to buy. This means you can predefine the level you want a profit at or open a trade at a more favourable rate. Example of a Limit Order: You have bought a long position of 125,000 EUR/USD spot at an opening price of You believe euro will strengthen to 1,2790. You place a 'Limit Order' to sell 125,000 EUR/USD spot at This way your open position will automatically be closed at that limit price and profit automatically credited to your account. Stop-Loss Order: Stop-Loss Orders can be used to limit your trading risk and are an essential part of disciplined trading. Using a stop means you are automatically taken out of a position if the market moves against you, effectively limiting your loss. Stop-losses can also be used to 'lock-in' profit. If the market moves in your favour, you can move your stop order with the prevailing price to help you protect your profit if the market suddenly starts moving against you. Example of a Stop-Loss Order: You bought a long position of 125,000 EUR/USD spot at You believe euro will strengthen but want to limit any potential loss and place a Stop-Order to sell 125,000 EUR/USD spot at , thus limiting your loss should euro fall to or below. If-Done Order: An If-Done order is a combination of two orders and can be used if you are unable to continually monitor the market but want to participate in market movements in your favour and/or exit a move against you. OCO Order: A 'One Cancels Other' (OCO) order has a number of advantages if you want to get in-and-out of the market without having to watch it constantly. It is the combination of both a 'Limit' and 'Stop' order and can be used to take a profit if the market moves in your favour or to limit losses if the opposite happens. Example of an OCO Order GBP/USD is currently trading at You have an open long position which you opened at You wish to exit your position -- at a profit -- if the price rises to 1,8970 but you want to be stopped out -- limiting your losses -- if the market falls to You would place a stop-sell at and a limit-sell at Whichever order is executed first, the other is automatically cancelled. Why Trade Online

12 Trading Online Trade Online Using Your Desktop, Laptop or Mobile Trade anytime and anywhere using our principals state-of-the-art platforms.

13 THE PRODUCTS WE OFFER Major Currency Pairs EUR:USD GBP:USD USD:JPY USD:CHF Metals Gold (Future) Silver (Future) Gold (Spot) Silver (Spot) Platinum Copper Products Cross Rates EUR:GBP EUR:CHF GBP:CHF EUR:JPY GBP:JPY Softs Sugar Cotton Cocoa Coffee Orange Juice Equity Indices Dow Jones Industrial Average (US 30) Standard & Poor's 500 (SPX 500) NASDAQ 100 NIKKIE 225 FTSE 100 Currency Index Dollar Index Grains & Oil Seeds Corn Wheat Soya Beans Soya Beans Meals Soya Beans Oil Oats Rough Rice Energy Brent Crude Oil WTI Crude Oil Heating Oil Natural Gas OUR SERVICES Real-Time Prices One-Click Trade Execution Instant Account Statement Live News Updates Real-Time Technical Graphs In-Depth Fundamental & Technical Analysis Award-Winning Trading Platforms Dedicated Team Of Business Executives Customized Solutions 24-Hour Operations

14 International Standard Vanguard Investments (SVI) Standard Vanguard Investment ( is located and registered in New Zealand since Holding the license no: , it is engaged in diversified banking activities including the fund management and financial trading services, for clients outside New Zealand. SVI s New Zealand based relationship management teams operating in alliance with their global offices offer access to a network of highly competent local and international professionals who provide innovative and practical solutions to a wide range of clients that include corporate financial institutions and entities, asset managers and retail and high net worth individuals. CMC Markets UK Plc CMC Markets UK Plc, ( is registered in England and Wales and authorized and regulated by the Financial Services Authority in the UK. CMC Markets started as a foreign exchange broker in 1989 with a 10,000 investment. In 1996 it launched the world's first online forex trading platform. Since then CMC Markets has evolved into one of the world s leading online CFD providers and financial spread betting companies. It executes over 26 million trades annually. Our Associate Company Harvest Smartrend Securities (Pvt) Limited (HSS) Corporate Member Lahore Stock Exchange (Guarantee) Limited, Membership #101. The company acquired membership in the year HSS is a fullservice equity brokerage house and acquired LOTS terminal installed at the company exchange office at LSE Building. Exchange Office Room # 412 Lahore Stock Exchange Building Lahore Pakistan Tel# Corporate Office 2 Sharah-e-Aiwan-e-Tijarat Lahore Pakistan Tel#

15 PROCEDURE We are only a third party dealing with our principal brokers, therefore, all live account requests will be forwarded to them for their approval. Call or visit our offices Our staff will explain to you in detail about our services You may then download an Account Opening Application Form through the internet or ask our staff to provide you one. Fill that form along with required proof of address and photo ID and submit it to our compliance department Our compliance department will forward these documents to our principal. Foreign Principal's compliance department checks the documents submitted by you. If you are approved, a stage II letter and an exclusive account number will be issued to you. Following the instructions in the stage II letter, transfer margin money to the broker s client account. After the margin money is received by the principal in its bank account, it issues a stage III letter (confidential and to the client only) of confirmation of your margin. The communication will also contain your password and authentication procedure, software download link, help desk information and any other details. After receipt and authentication of the password, you can start live online margin trading. You may change the password as many times as you wish to. It is important to note that password is a strictly confidential information and its disclosure to anyone is entirely at your discretion for which principal broker or the introducing broker will not carry any responsibility HTI offices remain operational around the clock for providing necessary assistance to the clients Margin money or trading profit can be withdrawn by approaching the principal broker directly or through us any time during the day. Upon receipt of the withdrawal form, the principal broker remits the money directly to your bank account through SWIFT transfer procedure. Live Account Procedure

16 Risk Warning & Disclaimer GENERAL Trading in the foreign exchange market has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the foreign exchange, futures and options markets. Do not trade with money you cannot afford to lose. This website is neither a solicitation nor an offer to buy/sell foreign exchange futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. Moreover, the leveraged nature of foreign exchange trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin call within the time prescribed, your position will be liquidated and you will be responsible for any resulting losses. Before deciding to participate in foreign exchange trading, you should carefully consider your investment objectives, level of experience and risk intensity. DEMO ACCOUNTS Hypothetical or simulated performance results through demonstrative accounts have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under or over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Demo trading programmes in general are also subject to the fact that they are designed with the benefit of hindsight. We do not make any representation that any account will or is likely to achieve profit or losses similar to those shown. SITE DISCLAIMERS AND TERMS OF SERVICE The information on this site is for educational purposes only. is not giving advice nor is qualified or licensed to provide financial advice. You must seek guidance from your personal advisors before acting on this information. Trading can result in losses. We will accept no responsibility for any losses you may incur. Do not invest more than you can afford to lose. By entering our website and/or receiving any literature from Harvest Topworth International, you agree to hold harmless the owners, managers and all affiliates and associates of Harvest Topworth International, for any and all losses you may incur by using any of the Harvest Topworth International trading systems and/or facilities. The use of our systems and/or facilities, and/or the entry into our website, constitutes acceptance of our user agreement, affiliated sites, linked sites and advertisements. While on our site, advertisers, or other third parties may use cookies or other technology to attempt to identify some of your preferences or retrieve information about you. Other features available on our site may offer services operated by third parties and may use cookies or other technology to gather information. We do not control the use of this technology by third parties or the resulting information, and we do not accept responsibility for any actions or policies of such third parties. You should also be aware that if you voluntarily disclose personally identifiable information on message boards or in chat areas, that information can be viewed publicly and can be collected and used by third parties without our knowledge and may result in unsolicited messages from other individuals or third parties. Such activities are beyond the control of this website. INDEPENDENT THIRD PARTY Harvest Topworth International is neither a brokerage house nor an affiliate of any brokerage house. Harvest Topworth International is an independent third party engaged by international brokerage houses to provide faciliational services to their Pakistani clients. Harvest Topworth International is not responsible for the relationship between international brokerage houses and their clients and accepts no liability in such regard. PRIVACY POLICY This website will never sell, barter, or rent your address to any unauthorized third party. How we gather information from users: How we collect and store information depends on the page you are visiting. Like most websites, this website collects information automatically and through the use of electronic tools that may be transparent to our visitors. For example, we may log the name of your Internet Service Provider or use cookie technology to recognize you and hold information from your visit. We do not endorse any specific trading system or method. We recommend that you research all trading systems, methods and strategies thoroughly. What we do with the information we collect? Like other Web publishers, we collect information to enhance your visit and deliver more individualized content and advertising. We respect your privacy and do not share your information with anyone. Aggregated information (information that does not personally identify you) may be used in many ways. For example, we may combine information about your usage patterns with similar information obtained from other users to help enhance our site and services (e.g., to learn which pages are visited most or what features are most attractive). We may use personally identifiable information collected on the website to communicate with you about your registration; our privacy policy; services and products offered by this website and other topics we think you might find of interest. Affiliated sites, linked sites and advertisements: This website expects its partners, advertisers and affiliates to respect the privacy of our users. Be aware, however, that third parties, including our partners, advertisers, affiliates and other content providers accessible through our site, may have their own privacy and data collection policies and practices. For example, during your visit to our site you might click a link to, or view as part of a frame, page, certain content that is actually created or hosted by a third party. Also, through this website you may be introduced to, or be able to access, information, Web sites, features offered by other parties. This website is not responsible for the actions or policies of such third parties. You should check the applicable privacy policies of those third parties when providing information on a feature or page operated by a third party. While on our site, our advertisers, promotional partners or other third parties may use cookies or other technology to attempt to identify some of your preferences or retrieve information about you. For example, some of our advertising is served by third parties and may include cookies that enable the advertiser to determine whether you have seen a particular advertisement before. Other features available on our site may offer services operated by third parties and may use cookies or other technology to gather information. We do not control the use of this technology by third parties or the resulting information, and we do not accept responsibility for any actions or policies of such third parties. You should also be aware that if you voluntarily disclose personally identifiable information on message boards or in chat areas, that information can be viewed publicly and can be collected and used by third parties without our knowledge and may result in unsolicited messages from other individuals or third parties. Such activities are beyond the control of this website. CHANGES We reserve the right to change this policy at any time. Please check this page periodically for changes.

17 Karachi Office Lahore Office

18 Shahrah-e-Faisal, Karachi Room # 402, 4th Floor Business Center, Shahrah-e-Faisal, Karachi. TEL: (92-21) / FAX: (92-21) / Clifton, Karachi El-Beena Commercial Centre, BC-11, Block 5, Kehkashan Clifton, Karachi. UAN: (92-21) FAX: (92-21) / Faisalabad Office No. 16, 17, 18, Mezzanine Floor, Media Com Trade City, Koh Noor Chowk, Jaranwala Road, Faisalabad. TEL: (92-41) Multan Abdali Tower, 2nd Floor, Abdali Road, Multan. TEL: (92-61) FAX: (92-61) Sargodha Office No. 17, 18, 19, First Floor, Al-Ahmad Shopping Mall, University Road, Sargodha. TEL: (92-48) / FAX: (92-48) Sri Lanka Office Harvest Topworth International Lanka (Private) Limited, nd No. 385, 2 Floor, Landmark Building, Galle Road, Colombo 03. TEL: Sahiwal Alpha Tower 276/B-1, 2nd Floor, High Street, Sahiwal. TEL: (92-40) / FAX: (92-40) Vehari Basement Plot No 4, Commercial Area, Main Market, Sharqi Colony, Vehari. TEL: (92-67) / FAX: (92-67)