Generally, initial margin requirement is 1%, maintenance margin is 0.5% and cut-off margin is 0.1%. Margin Ratio is effective equity divided by aggregate gross positions.

A customer must have a net equity amount higher than initial margin requirement in order to open a new position. When the margin percentage of your account falls below the maintenance margin, you will receive a margin call message in the message window on the trading platform. You are advised to top up your account equity. Should the margin ratio fall below the cut-off margin requirement, we have to close out your positions. It is therefore important that you monitor your margin ratio closely and effect any necessary top-up in a timely manner.

Leveraged trading allows you to use a capital less than the trade amount you entered into. Therefore the return (positive or negative) on your capital will be magnified or leveraged. The profit/loss and interest will be calculated based on full trade amount. The less capital you put down to control the same trade, the higher leverage or margin you are experiencing.

If you have USD100,000 and view that GBP will rise. You may sell your USD100,000 and buy GBP. By doing so, you have no leverage or the leverage ratio is 1:1. Alternatively, you may deposit USD100,000 with us as margin and sell USD2,000,000 against GBP. By doing so, you have a leverage ratio of 1:20 or 5% margin. If you are right in judging the direction of GBP against USD, when the first method (1:1 leverage) gives you a 2% return, the second method (1:20 leverage) will give you 40% return due to the leverage. However, if you are wrong in your view, your loss will also be magnified in your leverage ratio.

Margin Trading is an alternative name of Leveraged Trading.

Internet Trading allows you to buy or sell via the internet, totally straight-through without talking to our dealer. You need a user ID and password to identify yourself to us when you log in the system. You can see the bid and offer prices on the trading screen, and whenever the prices suit you, you just click to effect the trade. This quotation mechanism gives you total transparency and no chance of being taken advantage of. You may enquire your position, margin usage and account status anytime, anywhere -- free of communication problem and leakage of information to your surrounding people -- all you need is an internet access.

Simply pick up the phone and call us. Your trades via phone will be recorded at exactly the same book where you trade via internet.

Contrastingly, we do not ask you to download anything in order to trade. If you have an account with us, you just have to go to our website http://www.gsnewzealand.com/ and log in from there. You can trade from home, office, coffee shops, you name it -- in your home country or abroad! All you need is an IE browser (version 6.0 or above) with MS Windows 2000 or above.

Absolutely. You do not have to go through the cumbersome registration procedure that most of other firms require. Go to our website http://www.gsnewzealand.com/ click on the Demo log in icon and select DEMO. See how our system works for you.

Most probably, you have something on -- the so-called pop-up blocker. We pop up windows to show you details. Therefore, you have to switch off the blocker first.

We set up standard lot size or contract size for your convenience of data input. You do not have to trade in full lots. You can trade in multiple of 0.1 (1/10th) lot. The amount you entered always refer to the first currency in the currency pair. For example, 10,000 USD/JPY is USD10,000 against JPY; 10,000 GBP/USD is GBP10,000 against USD.

You may trade in any specific amount above 0.1 lot.

No. We do not pay interest on any free equity.

Yes. positions that are carried forward to the next day will incur interests revenue or expense, based upon the interest rate differential between the two products in the product pair. The interest rates may vary from time to time and are posted in our system.

Each day-end, we will settle all interest revenues and expenses in your account, as reflected in your daily statement.

When you trade through internet, you deal with the system. When you trade on the phone, we have a number of dealers serving you 24 hours in three languages - Cantonese, Mandarin, and English. When you open your account, you will be provided with a log-on ID and password and the telephone number for the relevant desk. You can change your password any time.