Kerford Investments

Kerfo rd I nves t ment s
Globally Trusted Financial Services Since 1997
w w w. k e r f o r d f x . c o m
W e a r e c o m m i t t e d i n e n h a n c i n g o u r t e c h n o l o g i c a l a d v a n t a g e s. W e a r e c o n s t a n t l y o n t h e l o o k o u t f o r t r e n d s a n d o p p o r t u n i t i e s i n t he
market to provide our clients and our Introducing Agents throughout the world with value added products and services at very
c o m pe ti ti v e an d r e as o n abl e c os ts. Ou r te c h n o l o g i c al i n f r as tr u c tu r e an d i n v e s tm e n t i n f o r e x tr adi n g s o f twar e i n di c ate s m or e g r ow t h i n
th e f u tu r e as th e de m an d f o r i ts pr o du c ts an d s e r v i c e s c o n ti n u e s to as s i s t tr ade r s th r o u g h o u t th e wo r l d.
At t he fo refro nt o f s o f t ware t ec hno lo gy in t rading
Kerford Investments Limited is a leading investment and trading
company, while recognized as a part of a leading Multinational
Group of Companies with well established presence in more than 20
countries worldwide. As a primary market maker Kerford offers
individual and institutional clients a comprehensive coverage and
direct access to the international financial market, while offering
specialized trading and execution services in Foreign Exchange,
Metals, CFD's and Over-the-Counter Markets. The company now
makes competitive prices in major currency pairs, 24 hours a day,
from Sunday evening London time until the New York close the
following Friday.
From inception, Kerford has progressively expanded its portfolio of
products and services, and now makes markets for CFD's, Foreign
Exchange and OTC currency options, base and precious metals.
Kerford's sophisticated internet-based multi-currency trading platform
enables the company to act as a liquidity wholesaler directly to
clients and to offer internet trading solutions to the global financial
services community.
Kerford Group of Companies has been active in North America,
Europe, African, Far East and Asian countries, while having ongoing
expansions in the Middle East market with an objective to enable the
company offer service to larger clientele including institutions, fund
managers, introducing brokers and individual traders on a wide
range of products. We combine the experience of our high caliber
people with the latest technology, to provide an institutional quality
service to all our clients.
A Tr a d ition
of E x ce lle n ce
Kerford's online capabilities are structured considering all our clients
sophisticated needs. It contains tools and information's that our
clients may need to successfully engage in currency trading and
investments. There are absolutely easy-to-use features as a result of
pioneering trading software that gives fast and accurate prices and
other relevant market information such as real time price charting,
technical indicators and up-to-the-minute world and financial news
facilitating our clients to make informed decisions.
A l ar g e n u m be r o f c l i e n ts e n j o y th e adv an tag e s o f o u r c o m pr e h e n s i v e s e r v i c e s e v e r y day. W e h o pe y o u wi l l al s o c h oose t o b e a p a r t
o f th e l ar g e Gr o u p. F e e l f r e e to c o n tac t an y o f o u r wo r l dwi de o f f i c e s o r o u r au th o r i z e d I n tr o du c i n g B r o ke r s to e xpl o r e t h e op p o r t u n i t i e s.
KE R FO R D PR O D UC TS
F o r ei g n E x c h a n g e M a r k et :
O p p o r t u n i t i e s f r o m a r o u n d t h e W o r l d : Ov e r th e l as t th r e e de c ade s th e f o r e i g n e xc h an g e m ar ke t h as be c o m e th e w or l d ' s l a r g est
f i n an c i al m ar ke t, wi th o v e r $1. 5 tr i l l i o n US D tr ade d dai l y. F o r e x i s par t o f th e ban k- to - ban k c u r r e n c y m ar ke t kn o wn as t h e 2 4 -h o u r i n t e r ban k m ar ke t. Th e i n te r - ban k m ar ke t l i te r al l y f o l l o ws th e s u n ar o u n d th e wo r l d, m o v i n g f r o m m aj o r ban ki n g c e n te r s o f t h e U n i t ed S t a t e s
to Au s tr al i a, Ne w Ze al an d to th e F ar Eas t, to Eu r o pe th e n bac k to th e Un i te d S tate s.
Un ti l r e c e n tl y , th e f o r e x m ar ke t was n 't f o r th e av e r ag e tr ade r o r i n di v i du al s pe c u l ato r. W i th th e l ar g e m i n i m u m tr ansa ct i on si z es a n d
often-stringent financial requirements, banks, hedge funds, major currency dealers and the occasional high net-worth individual
s pe c u l ato r s we r e th e pr i n c i pal par ti c i pan ts. Th e s e l ar g e tr ade r s we r e abl e to take adv an tag e o f th e m an y be n e f i ts o f fer ed b y t h e f o r e x
m a r k e t v s. o t h e r m a r k e t s , i n c l u d i n g f a n t a s t i c l i q u i d i t y a n d t h e s t r o n g t r e n d i n g n a t u r e o f t h e w o r l d ' s p r i m a r y c u r r e n c y e x c h a n g e r a t e s.
A D V A N TA G E S O F THE F O R E X M A R K E T
Forex is open 24 hours a day.
F o r e x i s t h e m os t l i q u i d m a r k e t i n t h e w o r l d .
100 to 1 leverage reduces the need for large amounts of capital.
Mi n i m a l c o m m i s s i o n t r a d i n g o n a l l I n t e r n a t i o n a l c u r r e n c i e s.
N o r e s t r i c t i o n s o n s h o r t i n g w h i c h a l l o w s y o u t o e n j o y p r o f i t o p p o r t u n i t i e s d u r i n g a n y m a r k e t c o n d i t i o n.
A trading platform with these services was previously available
o n l y to pr o f e s s i o n al s wo r ki n g i n f i n an c i al i n s ti tu ti o n s. B u t wi th o u r
pr o pr i e tar y s o f twar e , c l i e n ts i n Ke r f o r d c an n o w h av e th e be n e f i t
o f r e al - ti m e an d r e l i abl e i n f o r m ati o n , 24/ 7, f r o m ar o u n d th e wo r l d,
keeping themselves constantly updated. And, we have devoted
c o n s i de r abl e r e s o u r c e s to e n s u r e th e de al i n g s an d tr an s ac ti o n s o f
o u r c l i e n ts th r o u g h o u r we bs i te ar e s e c u r e an d pr o te c te d.
Realize t he po t ent ial o f t his dynamic and ex c it ing o ppo r t unity
5
F or e i g n E xc h a n g e M a r ke ts a r e m ov i n g i n th e c or e fa c tor s l i ke ,
Trade and Investments:
Companies who import or export goods are buying them in one currency and selling them in another;
th i s m e an s th e y pay o u t m o n e y i n o n e c u r r e n c y an d r e c e i v e m o n e y i n an o th e r. Th e y th e r e f o r e n e e d to c o n v e r t s o m e o f th e m o n e y
th e y r e c e i v e i n to th e c u r r e n c y i n wh i c h th e y pay f o r g o o ds. S i m i l ar l y , a c o m pan y th at bu y s an as s e t i n a f o r e i g n c o u n tr y h as to pay f o r
i t i n t h e l o c a l c u r r e n c y , a n d s o w e n e e d t o c o n v e r t i t s h o m e c u r r e n c y i n t o t h e l o c a l f o r e i g n c u r r e n c y.
Speculation:
Th e F X r ate be twe e n two c u r r e n c i e s v ar i e s i n l i n e wi th th e r e l ati v e s u ppl y an d de m an d f o r th e two c u r r e n c i e s. Tr ade r s
c an m ake pr o f i ts bu y i n g a c u r r e n c y at o n e r ate an d s e l l i n g i t at a m o r e f av o r abl e r ate.
Hedging: Co m pan i e s wh o h av e as s e ts , s u c h as f ac to r i e s i n f o r e i g n c o u n tr i e s ar e e xpos e d to th e r i s k o f th os e as s e ts v ar y i n g i n
v al u e i n th e i r h o m e c u r r e n c y du e to f l u c tu ati o n s i n th e F X r ate be twe e n th e two r e l e v an t c u r r e n c i e s. W h i l e th e f o r e i g n as s e ts m ay r e tai n
t h e s a m e v a l u e o v e r t i m e i n t h e f o r e i g n c u r r e n c y , t h e y p r o d u c e a p r o f i t o r l os s i n t h e c o m p a n y ' s d o m e s t i c c u r r e n c y i f t h e F X r at e
c h an g e s. Co m pan i e s c an e l i m i n ate th e s e po te n ti al pr o f i ts o r l os s e s by h e dg i n g. Th i s i n v o l v e s e xe c u ti n g an F X tr an s ac ti o n , wh i c h w i l l
e xac tl y o f f s e t th e pr o f i t o r l os s o f th e f o r e i g n as s e t c au s e d by c h an g e s i n th e F X r ate.
Ker f or d g iv es you the a ccess a nd r esour ces to Tr a d e For ex
As a pr i m ar y m ar ke t- m ake r i n f o r e i g n c u r r e n c y tr adi n g , Ke r f o r d i s abl e to o f f e r s m al l e r tr an s ac ti o n al s i z e s an d al l o w tr ade r s o f al m os t
an y s i z e , i n c l u di n g i n di v i du al s pe c u l ato r s o r s m al l e r c o m pan i e s , th e o ppo r tu n i ty to tr ade th e s am e r ate s an d pr i c e m o v e m e n ts as th e
l ar g e pl ay e r s wh o o n c e do m i n ate d th e f o r e x m ar ke t. Th e f o r e x m ar ke t r e m o v e s th e tr adi ti o n al bar r i e r s th at e xi s t i n o th e r m ar ke t s
w i t h o u t r e s t r i c t i n g t h e f o r e x t r a d e r s ' a b i l i t y t o m a k e a t r a d e a t t h e r i g h t t i m e s.
S e l e c t th e m ar ke t, s e l e c t th e ti m e an d s tar t tr adi n g. Th e m as s i v e l i qu i di ty o f f o r e x, c o m bi n e d wi th a tr u e 24- h o u r m ar ke t th at' s tr ade d
5. 5 day s a we e k, o f f e r s y o u e xc e pti o n al i n de pe n de n c e an d c h oi c e s to tr ade f o r e x wh e n y o u wan t to , n o t wh e n th e m ar ke t wan ts y o u
to. D u r i n g e ac h tr adi n g day , o v e r al l f o r e x v o l u m e i s de te r m i n e d by wh at m ar ke ts ar e o pe n an d th e ti m e s e ac h o f th e s e m ar ke ts
o v e r l ap o n e an o th e r. W i th e ac h pas s i n g s e c o n d, m i n u te an d h o u r , f o r e x v o l u m e r e m ai n s h i g h , bu t pe aks h i g h e s t wh e n th e B r i ti s h ,
Eu r o pe an an d U. S. m ar ke ts ar e o pe n at th e s am e ti m e - f r o m 1 p. m. GM T to 4 p. m. GM T. Th e v o l u m e o f th e Pac i f i c Ri m m ar ke ts , s u c h
as J apan an d Ho n g Ko n g , s u bs i de s c o m par e d to th e c r e s t o f th e U. S. m ar ke t, bu t s ti l l o f f e r th e f o r e x tr ade r th e abi l i ty to an al y z e th e
h i g h l y tr ade d Pac i f i c Ri m c u r r e n c i e s.
F o r e i g n Exc h an g e i s tr ade d Ov e r - th e - Co u n te r (OTC), o pe r ati n g wo r l dwi de , 24 h o u r s a day. An o v e r - th e - c o u n te r m ar ke t i s c o n s i de r e d to
be th e be n c h m ar k f o r h i g h l i qu i di ty. Lo n do n i s th e wo r l d's l ar g e s t F X tr adi n g c e n te r , f o l l o we d by Ne w Y o r k an d S i n g apo r e. As th e l ar g e s t
m o n e y m ar ke t i n th e wo r l d, F o r e x i s th e o n l y o n e th at i s n o t a r e g u l ate d m ar ke t i n th e g l o bal s c e n ar i o. W e bu i l d a dy n am i c as s e t
pr i c i n g m o de l th at c aptu r e s al l th e f e atu r e s i n th e c u r r e n t m ar ke ts. Th e m ar ke t f o r OTC de r i v ati v e s h as e xpan de d s te adi l y an d r api dl y
o v e r th e pas t two de c ade s. M o r e o v e r th e wi de s pr e ad u s e o f i n n o v ati o n s s u c h as o n l i n e tr adi n g an d c l e ar i n g h av e th e po te n ti al to
i n c r e as e e f f i c i e n c y an d r e du c e s y s te m i c r i s k, th e y c o u l d al s o bl u r s o m e o f th e di s ti n c ti o n s be twe e n e xc h an g e tr ade d an d OTC
i n s tr u m e n ts.
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YOUR
BUSINESS
F o r e i g n Exc h an g e m ar ke ts al l o w m ar ke t par ti c i pati o n s to e xc h an g e o n e c u r r e n c y f o r an o th e r c u r r e n c y. On e c o u n te r par ty bu y s a
s pe c i f i e d c u r r e n c y f r o m th e o th e r c o u n te r par ty i n e xc h an g e f o r an o th e r c u r r e n c y. Th e r e l ati v e am o u n ts o f th e two c u r r e n c i e s ar e
de te r m i n e d by th e f o r e i g n e xc h an g e r ate be twe e n th os e two c u r r e n c i e s. Th e de al s c o u l d al s o be a c u r r e n c y ag ai n s t a pr e c i o u s m e tal.
Th e date o n wh i c h th e two c u r r e n c i e s ar e e xc h an g e d i s kn o wn as th e s e ttl e m e n t date o r v al u e date. I n th e F o r e i g n Exc h an g e m ar ke t,
tr ade s c an be e xe c u te d i n v ar i abl e am o u n ts , date s an d de n o m i n ati o n s. Th e r e ar e n o s tan dar di z e d c o n tr ac t s i z e s o r date s. Tr adi n g
te n ds to o c c u r i n a c e n tr e du r i n g i ts n o r m al wo r ki n g h o u r s. As a r e s u l t, tr adi n g s tar ts i n As i a, th e n m o v e s to Lo n do n at th e e n d o f th e
As i an wo r ki n g day an d c o n ti n u e s i n Ne w Y o r k at th e e n d o f th e wo r ki n g day i n Lo n do n.
7
Me t a ls / G old :
A mo n g t h e wide r an g e o f fin an c ial pr o du c t s tr a d e d to d a y , the p r e c i o us m e ta l s ha v e b e e n the m os t f a s c i na ti ng c o m m o d i ti e s. A m o ng
t h e m t o p t h e G o ld mar k e t , wh i c h st an ds o u t ha v i ng a uni v e r s a l a p p e a l i n the i nte r na ti o na l i nv e s tm e nt c o m m uni ty. M a ny N a ti o ns a nd
Ce n t r al Ban k s u se g o ld as a st o r e o f we alt h a nd a m e d i um o f i nte r na ti o na l tr a d e. T o d a y , g o l d p r i c e s f l o a t f r e e l y i n a c c o r d a nc e w i th
su pply an d de man d, r e spo n di n g qu i c k ly t o po l i ti c a l a nd e c o no m i c e v e nts.
K e r fo r d as a pr imar y mar k e t mak e r pr o v ide s Me ta l /Go l d p r i c e s a nd q uo te s e v e r y d a y f r o m 8 . 0 0 a m to 7 . 0 0 p m GM T a nd p r o v i d i ng
fast / ac c u r at e pr ic e s c o v e r in g a wi de ar r ay of p r e c i o us m e ta l s a nd o r d e r ty p e s. Our te a m o f e x p e r ts g i v e s up - to - d a te , r e l i a b l e and
c o mpr e h e n si v e mar k e t i n fo r mat i o n an d r e se a r c h d a ta p r o v i d i ng v a l ua b l e o nl i ne s up p o r t to y o ur tr a d i ng a c ti v i ti e s a l l d a y.
C F D ( C o nt ra ct s f o r Dif f e re n ce):
A Co n t r ac t fo r Diffe r e n c e i s a c o n t r ac t wit h a n e nti ty to tr a ns f e r the d i f f e r e nc e b e tw e e n the o p e ni ng v a l ue a nd the c l os i ng v a l ue o f a n
in st r u me n t , wh e t h e r t h at i n st r u me n t i s an in d i v i d ua l e q ui ty , a b o nd , a n o p ti o n a nd s o o n. C F D ' s a r e the f a s te s t g r o w i ng i ns tr ume nt,
si mpl e , c h e ap an d h ig h l y fle x ible. Th e be st w a y to tr a d e i nd i v i d ua l s ha r e s o n m a r g i n i s b y us i ng C o ntr a c ts f o r D i f f e r e nc e o r C FD ' s.
Tr adin g a CF D i s v e r y simi lar t o n o r mal sh a r e d e a l i ng. Y o u d e a l a t the c a s h p r i c e o f the s ha r e , a nd p a y a c o m m i s s i o n w hi c h i s
c alc u l at e d as a pe r c e n t ag e o f t h e v alu e o f the tr a ns a c ti o n.
Co n t r ac t s fo r Diffe r e n c e ( CF D's) ar e mo u n t i ng q ui c k l y i n r e p uta ti o n a nd f o r the e x p e r i e nc e d i nv e s to r the y a r e p r o v i ng a n a ttr a cti v e
me an s o f g ain i n g disc l osu r e t o t h e e c o n o m i c p e r f o r m a nc e a nd c a s h f l o w s o f i nd i v i d ua l e q ui ti e s w i tho ut t he ne e d to i nv e s t i n the
ph y si c al sh ar e. A CF D is a fi n an c ial in st r u me nt l i nk e d to the und e r l y i ng s ha r e p r i c e. C o ns e q ue ntl y , no r i g hts a r e a c q ui r e d o r ob l i g a ti o ns
in c u r r e d r e lat i n g t o t h e u n de r ly i n g sh ar e an d , d e p e nd i ng o n y o ur v i e w o f a c o m p a ny ' s s ha r e p r i c e , y o u c a n b uy ( g o l o ng ) o r s e l l ( g o
sh o r t ) . Th e abi lit y t o g o sh o r t i s o n e o f t h e p r i nc i p a l a ttr a c ti o ns o f C F D ' s a s o the r m e tho d s o f g oi ng s ho r t a r e b o th e x p e ns i v e a nd
in c o n v e n i e n t.
Co n t r ac t fo r Di ffe r e n c e ( CF D) is a sin g l e t r ad i ng to o l f o r b o th l o ng a nd s ho r t s tr a te g i e s w i th a l l the e a s e a nd c o nv e ni e nc e. C F D p r i c e s
ar e h i g h l y c o r r e lat e d t o t h e pr ic e mo v e me n ts o f the r e a d y m a r k e t. I n a d d i ti o n, o ur C F D c l i e nts w i l l a l s o e nj o y the s a m e e c o no m ic
be n e fit s su c h as sh ar e di v ide n ds, bo n u se s an d s to c k s p l i ts.
Th e Kerford CFD service inclu d es so m e p a r t i c ul a r l y va l ua b l e f ea t ur es n o t usua l l y a va i l a b l e
from ou r comp et it ors:
C on ve n i e n ce t o t ake s h or t or l o n g p os i t i o n s u s i n g a s i n g l e C F D a c c o u n t .
Tr a de u p t o 5 t i m e s of y ou r cap i t a l .
N o de l i ve r y of s h a r e s n e e d e d , a n d n o c l e a r i n g f e e s.
I m m e d i a t e e x e cu t i on an d comp e t i t i v e d e p os i t r a t e s
O p t i on a l gu ar a n t e e d s t ops pu t a n a b s o l u t e l i mi t o n y o u r r i s k
Integrating Investment Strategy and Internet Technology
Meet your challenges with
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11
Ov er-the-C ounter (OTC):
T h e O T C m a r k e t i s a n e g o t i a t e d m a r k e t w h e r e a s s t o c k e x c h a n g e s a r e a u c t i o n m a r k e t s. A n o v e r - t h e - c o u n t e r s t o c k m a r k e t i s a n e t w o rk o f
b ro ke rs a nd d e a le rs tha t tra d e s to c ks an d bo n ds an d s h ar e s o f pu bl i c l y tr ade d c o m pan i e s th at ar e n o t l i s te d o n a s to c k e xc h an g e.
S o m e t i m e s c o m p a n i e s p r e f e r t o b e l i s t e d o n a n O T C m a r k e t i n s t e a d o f l i s t i n g o n a s t o c k e x c h a n g e. O v e r - t h e - C o u n t e r m a r k e t i s a
ne go tia te d ma rke t whe re se c urit i e s tr an s ac ti o n s ar e m ade v i a i n te r n e t an d te l e ph o n e th an o n th e f l o o r o f an e xc h an g e.
I n O v e r - t h e - C o u n t e r ( O T C ) m a r k e t s , a n i n v e s t o r w h o w a n t s t o s e l l a n a s s e t m u s t s e a r c h f o r a b u y e r , i n c u r r i n g o p p o r t u n i t y o r o t he r c os ts.
Whe n two c o unte rp a rtie s me e t, th e i r bi l ate r al r e l ati o n s h i p i s s tr ate g i c . Pr i c e s ar e s e t th r o u g h a bar g ai n i n g pr o c e s s th at r e f l e c ts e ac h
inve sto r's a lte rna tive s to imme d i ate tr ade. Th e bu y e r , i n par ti c u l ar , c o n s i de r s th e c os ts th at h e o r s h e wi l l e v e n tu al l y i n c u r wh e n h e o r
she wa nts to se ll, a nd so o n fo r a l l f u tu r e o wn e r s. W e bu i l d a dy n am i c as s e t pr i c i n g m o de l th at c aptu r e s th e s e f e atu r e s.
The OTC ma rke t ha s a b ig ro le to pl ay i n th e pr i m ar y m ar ke t. M an y n e w s to c k i s s u e s ar e s o l d o v e r - th e - c o u n te r i n i ti al l y. An o v e r - th e c o unte r ma rke t is me a sure d a s a s tan dar d f o r h i g h l i qu i di ty an d s u bj e c t to wi de l y n o te d i l l i qu i di ty e f f e c ts th at di f f e r e n ti ate th e y i e l ds o f
o n-the -run se c uritie s fro m those o f o f f - th e - r u n s e c u r i ti e s. Th e m ar ke t f o r OTC de r i v ati v e s h as e xpan de d s te adi l y an d r api dl y o v e r th e
p a st two d e c a d e s.Ac tivity in OTC de r i v ati v e s m ar ke ts h as be e n pr i m ar i l y c o n c e n tr ate d i n th r e e ty pe s o f i n s tr u m e n ts : s wap ag r e e me n t s ,
o p tio ns a nd hyb rid instrume nts. M o r e o v e r th e wi de s pr e ad u s e o f i n n o v ati o n s s u c h as e l e c tr o n i c o n l i n e tr adi n g an d c l e ar i n g h av e th e
p o te ntia l to inc re a se e ffic ie nc y an d r e du c e s y s te m i c r i s k, th e y c o u l d al s o bl u r s o m e o f th e di s ti n c ti o n s be twe e n e xc h an g e tr aded an d
OTC instrume nts.
A DVA N TAG E S
O u r m i s s i o n i s t o o f f e r c l i e n t s t h e b e s t c o m b i n a t i o n o f a d v a n c e d t r a d i n g s o f t w a r e , l o w c os t s a n d l o w m a r g i n r e q u i r e m e n t s , e f f i ci e n t
a nd se c ure b a c k o ffic e fund a d m i n i s tr ati o n , an d a br o ad ar r ay o f pr o du c ts wi th h i g h pr o f i t po te n ti al.
A f ew o f o u r a d va n t a g es in the cur r ency ma r ket a r e,
Low Cos t s :
Co mp e titive a nd l o w c o m m i s s i o n an d f e e s e n h an c e s c l i e n ts tr adi n g pe r f o r m an c e. I n addi ti o n , Ke r f o r d o f f e r s
c o mp le te tra nsp a re nc y o f whe re th e m ar ke t i s tr adi n g , an d wh e r e i t c an be bo u g h t o r s o l d.
I n n ov a t i v e T ra d i n g S of twa r e: Th e Ke r f o r d tr adi n g s o f twar e pr o v i de s r e al - ti m e pr i c e s i n al l m aj o r c u r r e n c y pai r s / m ar ke t,
a s we ll a s live c ha rts, a nd re a l-ti m e ac c o u n t e qu i ty tr ac ki n g. W e be l i e v e th at th i s tr adi n g s o f twar e s e ts a n e w s tan dar d i n pe r f o r m an c e
a nd re lia b ility.
P rod uct O ffe ri n g s : Ke r f o r d c an m e e t al l o f y o u r tr adi n g r e qu i r e m e n ts wi th a s i n g l e ac c o u n t. I n addi ti o n to F o r e x, Ke r f o r d
o ffe rs re le va nt se rvic e s a nd guid an c e to e xpl o r e tr adi n g o ppo r tu n i ti e s i n wi de r an g e o f f i n an c i al i n s tr u m e n ts th r o u g h i ts c o u n t e r par ti e s.
He d g i n g Ca p a b i l i t y :
Cl i e n ts c an o pe n pos i ti o n s i n th e s am e i n s tr u m e n t i n o ppos i te di r e c ti o n s wi th o u t o f f s e tti n g pos i ti o n s an d
witho ut using a d d itio na l ma rgin. Cl i e n ts h av e c o m pl e te c o n tr o l o v e r wh e th e r th e y c l os e o r h e dg e th e i r pos i ti o n s to r e du c e r i s k.
Co m m i t t e d F o r
Yo u r Sat i sf ac t i o n
P rom p t a n d F a i r- t ra d e E x ecution:
M ar ke t o r de r s ar e c o n f i r m e d wi th i n s e c o n ds at pr i c e s c l i c ke d o n o r ac c e pte d by th e
c lie nt. Furthe rmo re , Ke rfo rd fa c i l i tate s pr o m pt i m pl e m e n tati o n o f al l F o r e x S to p an d En tr y S to p o r de r s th at ar e pl ac e d by th e c l i e n ts f o r
the ir re sp e c tive tra d ing a c c o unt s.
13
RIS K WARNING
The investments in forex, equity sh ares, derivatives and others have varying
e l e m e n t o f r i s k. Y o u s h o u l d t h e r e f o r e c a r e f u l l y c o n s i d e r w h e t h e r s u c h
t r a d i n g i s s u i t a b l e f o r y o u r f i n a n c i a l c o n d i t i o n. I n c a s e y o u t r a d e a n d
undergo unpleasant consequences, no one is responsible for such a trade.
You must acknowledge and accept that there can be no guarantee of
profits or no exception from losses while trading in different markets. It's the
role of client itself to avoid the loss in trading. We as a provider and advisor
will help you to minimise the risk in the markets. But anyone in the market
can't predict the upcoming scenario that trails or mounts the market. Risk
f a c t o r s a r e d i f f e r e n t a c c o r d i n g t o t h e v a r y i n g m a r k e t s. D i f f e r e n t r i s k s
associated with the markets are business risk, financial risk, market risk,
liquidity risk, default risk, systematic risk, specific risk, residual risk, credit
risk, counterparty risk, operations risk, settlement risk, country risk, portfolio
risk, systemic risk, legal risk, reputation risk and many more.
O UR G L O BAL PRES EN CE
Kerford is part of a fifteen year old high growth global network of 30 offices
in 20 countries. Our network's core business is financial information and
trading services that has a growing demand. Spanning the developed and
emerging economies of the world we are tested and proven under diverse
cultural and business environments.
Our competitive edge comes from our experience and ability to succeed
on a global scale via long term presence and understanding in-depth
needs of our clients in different markets. The network as a whole employs
more than 2000 people with professional financial services backgrounds in
all its location.
Y o u r b u s i n e s s i s i m p o r t a n t t o u s a n d s o i s y o u r s a t i s f a c t i o n. W e a r e
committed to providing the best possible tools, the best possible service,
and above all, integrity.
Kerfo rd Investments
Globally Trusted Financial Services Since 1997
www.kerfordfx.com
© 2004 Kerford, A ll rights reserved. No portion of this ma t e r ia l ma y b e c o p ie d , q u o t e d , o r r e f e r r e d t o in a n y w a y , in a n y
electronic, print, or other media without the pr io r e xp r e s s w r it t e n c o n s e n t o f Ke r f o r d In ve s t me n t s Limit e d .
Kerfo rd Inves t ment s
Globally Trusted Financial Services Since 1997
www.kerfordfx.com