At SpeedTrader, we take your privacy very seriously.

 

This policy has been updated to adhere to the new GDPR regulation that came into action 25 May 2018. This new law is built around the principles of transparency and control, something SpeedTrader feels very strongly about. Your trust is important to us, so keeping your personal information safe and secure remains our top priority.

 

When visiting this website and in the course of providing services to you, and SpeedTrader (“we”, “us” or “our”) may collect personal information about you (“personal data”) either (i) directly when you are asked to provide data (e.g., name, e-mail address and mailing address) or when you email, phone or otherwise contact us; or (ii) indirectly, e.g. via cookies and other technical means to monitor your use of the portal such as access logs, your internet protocol address or profiling to tailor the website to your preferences or to track your use of certain pages of the website, or from third parties who provide us with information about you.

 

“You” or “your”, in this privacy statement, means you as an individual, rather than any legal entity (such as your employer) which you may represent when you order a service from us via this website.

 

We ask that you read this Privacy Policy carefully as it contains important information about what to expect when SpeedTrader. collects personal information about you and how we use your personal data.

 

• Information we collect about you
• Why we collect your information
• Who we share information with
• Personal information storage and transfers
• How long we retain your Personal Information
• Personal Information covered by GDPR
• Cookies and Log Files
• Sharing
• Links
• Security
• Communication materials
• Site and Service Updates
• Correction/Updating Personal Information
• Choice/Opt-out
• Notification of Changes
• Updates to our Privacy Policy

 

Information we collect about you

SpeedTrader operator is the sole owner of the information collected on this site. We will not sell, share, or rent this information to others in ways different from what is disclosed in this statement. This Web site does not collect personally identifying information about you except when you specifically and knowingly provide it.

 

SpeedTrader collect and processes Personal Information from you.

 

This may include, among other things, information: provided during the account opening process or during use of any of SpeedTrader website applications (for example, your name, email address, telephone number, birth date, investment objectives, trading summary to determine if you are a professional or retail client, documents such as your photo ID and your address information, which is your full residential address, including proof; a colour copy of a recent utility bill or bank statement, which is acquired as a result of the transactions you conduct through SpeedTrader. systems or in connection with services offered by SpeedTrader (for example, if a deposit is made using a credit card, ask you to provide us with a copy of your credit card showing only the last 4 digits, full name on the card and expiration for verification of ownership of funds/card); collected through Internet cookies (for further information on our use of cookies, please see our Cookie Policy).

 

Why do we collect your information:

 

As a registered company, we are required by law to conduct due diligence and determine suitability by confirming your identity and your address before opening your account. The reason we collect your information is as follows:

 

• To provide you with brokerage and other services available on our platforms, and/or to handle any requests or inquiries you may have;
• To pursue legitimate interests, including to carry out, monitor and analyze our business or operations;
• To conduct monitoring by us or any other person on our behalf using various methods, including: (i) the use of automated monitoring tools; or (ii) through random monitoring of systems, for example, systematically via electronic communication recording tools; (iii) specific monitoring of systems for example in relation to investigations, regulatory requests, subject access requests, litigation, arbitration or mediation or; (iv) data tracking, aggregation and analysis tools that pull data from various disparate data sources to draw linkages and/or detect behavioural patterns, interactions or preferences for analysis (including predictive analysis); and/or (v) using other similar monitoring technology that may become available from time to time;
• To comply with applicable laws or regulations in our jurisdiction;
• For any other purpose for which your Personal Information was provided to us.
• To personalize user profiles with SpeedTrader in order to foster better communication with our customers (for example, through web analytics and newsletter tracking).

With regard to marketing-related communication, we will only provide you with such information after you have opted in and we will also provide you with the opportunity to opt out at any time if you do not wish to receive further marketing-related communication from us. If you decide to opt-out of marketing-related communications, we may not be able to provide certain features of our services to you.

 

Depending on which of the following reasons above, we may process your Personal Information for the following legal reasons:

 

To comply with our legal obligations;

Because processing is necessary for the purposes of our legitimate interest or those of any third-party recipients that receive your Personal Information, provided that such interests are not taken over by your own interests or fundamental rights.

In addition, the processing may be based on your consent when you have expressly given it to us.

 

Who we share information with:

 

We may share your Personal Information in the following circumstances:

 

We share your Personal Information between the SpeedTrader subsidiaries and related-entities on a confidential basis as allowed by applicable law or where required for the purpose of providing products or services and for administrative, banking, custody and other business purposes.

 

We may instruct service providers within or outside of SpeedTrader domestically or abroad, to process:

Personal Information for approved purposes on our behalf and in accordance with our instructions. For example, you will be subscribed to use the trading platform technology and market data, which is provided by a third-party provider. We may disclose such information to the service provider as necessary for them to provide the services that you have requested. SpeedTrader requires these service providers to enter into confidentiality agreements with SpeedTrader that limit their use of the information that they receive. Such agreements prohibit the service provider from using SpeedTrader customer information that they receive other than to carry out the purposes for which the information was disclosed. SpeedTrader retains control over your Personal Information and uses appropriate safeguards to ensure the integrity and security of your Personal Information when engaging the service provider.

 

We may share your Personal Information with verified global databases and credit reference agencies so that we can perform identity, money laundering and fraud prevention checks, including financial institutions and regulatory bodies.

Consistent with applicable law, we may share your Personal Information with law enforcement authorities, regulators or attorneys or other parties for the establishment, exercise or defense of a legal or equitable claim or for the purposes of a confidential alternative dispute resolution process;

 

Otherwise, we will only disclose your Personal Information when you direct us or give us permission to do so when we are allowed or required by applicable law or regulations or any official or judicial request to do so, or as required to investigate actual or suspected fraudulent or criminal activities.

 

Personal information storage and transfers:

 

This data is stored securely in the United Kingdom.

 

For Personal Information subject to the General Data Protection Regulation (EU) (“GDPR”) we may transfer your Personal Information outside The United Kingdom as described above. This may include countries that do not provide the same level of protection as the laws of your home country (for example, the laws within the EEA or the United States). We will ensure that any such international transfers are made subject to appropriate or suitable safeguards if required by the GDPR or other relevant laws. You may email us at any time if you would like further information on such safeguards.

 

How long do we retain your Personal Information:

 

Personal Information is retained for as long as necessary to meet legal, regulatory and business requirements. Under our internal policies, client information is required to remain on file for a minimum period of 5 years. Retention periods may be extended if we are required to preserve your Personal Information in connection with litigation, investigations and proceedings. Only after the minimum period is met, can personal information be deleted.

 

Personal information covered by GDPR:

 

With respect to EEA residents, you have a number of legal rights under GDPR in relation to the Personal Information that we hold about you. These rights include:

 

• Obtaining information regarding the processing of your personal information and access to the personal information that we hold about you.
• Requesting that we update your personal information if it is inaccurate or incomplete;
• Requesting that we erase your personal information in certain circumstances. Please note that there may be circumstances where you ask us to erase your personal information, but we are legally entitled to retain it;
• Objecting to, and requesting that we restrict, our processing of your personal information in certain circumstances. Again, there may be circumstances where you object to or ask us to restrict, our processing of your personal information, but we are legally entitled to refuse that request;
• Withdrawing your consent, although in certain circumstances it may be lawful for us to continue processing without your consent if we have another legitimate reason (other than consent) for doing so.
• Customer information will be held by us in both paper form and on our secure IT systems and will be kept in line with our retention procedures. If you would like a copy of the information we hold about you, you can make a Data Subject Access Request under the Data Protection Act. Please email us [email protected].

 

If any of the Personal Information that you have provided to us changes, for example, if you change your email address or if you wish to cancel any request that you have made of us, please contact Customer Service via our website. We will not be responsible for any losses arising from any inaccurate, inauthentic, deficient or incomplete Personal Information that you provide to us.

 

Cookies and Log Files

 

SpeedTrader and our third-party service providers may use cookies, log files and similar technologies to support the operation of our digital offerings. A cookie is a piece of data stored on the user’s hard drive containing information about the user. Usage of a cookie is in no way linked to any personally identifiable information while on our site. Once the user closes their browser, the cookie simply terminates. Although SpeedTrader does not use cookies, some of our business partners use cookies on our site (for example, advertisers). However, we have no access to or control over these cookies.

 

SpeedTrader's cookies are also used for security purposes and to personalize your experience, such as customizing your screen layout.

 

You can refuse or delete cookies. Most browsers and mobile devices offer their own settings to manage cookies. If you refuse a cookie, or if you delete cookies from your device, you may experience some inconvenience in your use of our digital offerings. For example, you may not be able to sign in and access your account, or we may not be able to recognize you, your device, or your online preferences.

 

Both SpeedTrader and third-party service providers we hire may use cookies and other technologies, such as web beacons, pixel tags, or mobile device ID, in online advertising as described below.

 

We use IP addresses to analyze trends, administer the site, track user’s movement, and gather broad demographic information for aggregate use. IP addresses are not linked to personally identifiable information.

 

Sharing

 

We will share aggregated demographic information with our partners and advertisers. This is not linked to any personal information that can identify any individual person. We partner with another party to provide specific services. When the user signs up for these services, we will share names, or other contact information that is necessary for the third party to provide these services. These parties are not allowed to use personally identifiable information except for the purpose of providing these services.

 

Links

 

This web site contains links to other sites. Please be aware that SpeedTrader is not responsible for the privacy practices of such other sites. We encourage our users to be aware when they leave our site and to read the privacy statements of each and every website that collects personally identifiable information. This privacy statement applies solely to information collected by this Web site.

 

 

Security

 

Privacy, security, and service in SpeedTrader's online operations are just as critical as in the rest of our business. We use firewall barriers, encryption techniques, and authentication procedures, among other controls, to maintain the security of your online sessions and to protect SpeedTrader’s accounts and systems from unauthorized access.

 

When you interact with us by using our websites, online services or mobile applications that are owned and controlled by SpeedTrader. ("our digital offerings"), SpeedTrader manages personal information in accordance with all of the practices and safeguards described previously.

 

When you use our digital offerings, we may collect technical and navigational and location information, such as device type, browser type, Internet protocol address, pages visited, and average time spent on our digital offerings. We use this information for a variety of purposes, such as maintaining the security of your session, facilitating site navigation, improving SpeedTrader's website design and functionality, and personalizing your experience. Additionally, the following policies and practices apply when you are online.

 

Communication materials

 

We send all new members a welcoming email to verify password and username. Established members will occasionally receive information on products, services, special deals, and a newsletter. Out of respect for the privacy of our users we present the option to not receive these types of communications. Please see our choice and opt-out below.

 

Site and Service Updates

 

We also send the user site and service announcement updates. Members are not able to un-subscribe from service announcements, which contain important information about the service. We communicate with the user to provide requested services and in regards to issues relating to their account via email or ticket/chat support.

 

Correction/Updating Personal Information

 

If a user’s personally identifiable information changes, or if a user no longer desires our service, we will endeavor to provide a way to correct, update or remove that user’s personal data provided to us. This can usually be done at the member information page or by emailing our Customer Support.

 

Choice/Opt-out

 

Our users are given the opportunity to ‘opt-out’ of having their information used for purposes not directly related to our site at the point where we ask for the information. For example, our order form has an ‘opt-out’ mechanism, so users who purchase our services, but don’t want any marketing material, can keep their email address off of our lists. Users who no longer wish to receive our newsletter or promotional materials from our partners may opt-out of receiving these communications by replying to unsubscribe in the subject line in the email or contacting us.

 

Notification of Changes

 

If we decide to change our privacy policy, we will post those changes on our Homepage so our users are always aware of what information we collect, how we use it, and under what circumstances, if any, we disclose it. If at any point we decide to use personally identifiable information in a manner different from that stated at the time it was collected, we will notify users by way of an email. Users will have a choice as to whether or not we use their information in this different manner. We will use information in accordance with the privacy policy under which the information was collected.

 

If you feel that this site is not abiding by its posted privacy policy, please contact SpeedTrader’s Privacy Concerns department. We at SpeedTrader recognize the importance of protecting your privacy. There are also several additional steps you can take to maximize your online security.

 

Updates to our Privacy Policy

 

This Privacy Policy was last updated on 3 December 2021. We reserve the right to update and change this Privacy Policy from time to time based on changes to legal requirements to reflect updates to our systems. In case of any such changes, we will post the changed Privacy Policy on our website or publish it otherwise. The changes will take effect as soon as they are posted on our website.

 

If you do not agree with this policy, do not interact with our websites or any other aspect of our business including using or accessing our services.