Privacy Policy
01 PRIVACY STATEMENT
1.1. Ensuring the privacy and security of our clients’ and Website visitors’ personal and financial information is a top priority. This Privacy Statement outlines how we collect and protect your information. By opening an account or using our Website, you consent to the collection and use of personal data as described in this privacy statement.
1.2. In accordance with the Data Protection Acts of 1988 and 2003, the data controller is Avan Trade (“we”, “us”, “our”).
04 OUR PARTNERS AND AFFILIATES
We may share information with affiliates when it is necessary to provide the product or service you have requested or to give you the opportunity to engage with the products or services offered by our affiliates. Additionally, we may form partnerships and alliances, including joint marketing agreements, with other companies that offer high-quality products and services that could benefit our clients. To ensure these products and services align with your needs and are delivered in a useful and relevant manner, we may share some information with partners, affiliates, and alliances. This helps them better understand the offers that are most valuable to you. The use of your personal information is strictly limited to the purposes outlined in our relationship with the partner or affiliate.
07 LIMITATION OF LIABILITY
If you choose to purchase a product or service from another company, any personal information you share with that company will no longer be governed by our Privacy Statement. We are not responsible for the privacy practices or content of external sites we link to, nor do we control how those sites use or protect your information. When you click on a co-branded or linked Website, you may be prompted to provide registration or other information. Please note that this information is being provided to a third party, and we encourage you to review the privacy policy of that third party.
10 THIRD PARTIES NOT AFFILIATED WITH US
10.1. We do not sell, license, lease, or disclose your personal information to any third party, except as outlined below.
10.2. We may disclose your personal information to third parties when required by law, to regulatory bodies, law enforcement, or other government authorities, or when necessary to protect our rights or property.
10.3. To enhance our services, we may partner with other businesses to help us perform internal functions such as account processing, order fulfillment, client services, satisfaction surveys, or data collection relevant to our operations. The information we collect from you may be transferred to and stored outside the European Economic Area (“EEA”), including the United States. It may also be processed by staff outside the EEA working for us or one of our suppliers. Additionally, we may share client information with third parties to analyze client needs and inform them of relevant products and services. The use of shared information is strictly limited to the task we’ve requested and for no other purpose. All third parties with access to personal information are required to safeguard it in a manner consistent with how we protect it.
02 GATHERING OF PERSONAL DATA
2.1. We collect the necessary information to open an account, facilitate transactions, and protect your assets and privacy. To achieve this, we gather data to help us understand your needs and preferences.
2.2. The information we collect directly from you includes details needed to communicate with you, such as your name, mailing address, telephone number, email address, and identity verification. Additionally, we collect demographic information when you open an account, such as your birth date, education, occupation, etc., as well as details about your transactions with us. We also evaluate your trading experience, approximate annual income, and net worth to assess your financial situation.
05 YOUR RIGHTS
You have the right to request a copy of the information we hold about you. A fee may be charged for this request, which will not exceed €5.00. You also have the right to access your data, correct any inaccuracies in the information we hold about you, object to the use of your data, and block any specific uses of your data. To exercise these rights, you can submit a written request to Money Farm.
08 MARKETING
8.1. We may use your data to send you information about our products and services that might interest you. We or our agents may contact you via mail or telephone for this purpose.
8.2. If you are an existing customer, we will only contact you electronically (such as by email, voicemail, or SMS) with information about our products and services similar to those you previously purchased from us.
8.3. If you prefer not to receive communications in this way, please indicate your preferences when we collect your marketing choices. You can update your preferences at any time by contacting a Client Services representative. If one account owner of a joint account opts out, the choice applies to all account owners of that joint account. You must make a separate opt-out request for each individual account you hold with us.
11 MODIFICATIONS TO THIS PRIVACY POLICY
From time to time, we may update this Privacy Statement. If changes are made, the updated Privacy Statement will be posted on our Website, and we will notify you of these changes with a notice. You agree that posting the revised Privacy Statement on the Website constitutes actual notice to you. Any disputes regarding our Privacy Statement will be governed by this notice and our Customer Agreement. We encourage you to periodically review this policy to stay informed about the information we collect, how it’s used, and who we disclose it to. If you have any questions not covered by this statement, please contact a Client Services representative.
03 USE OF PERSONAL DATA
We use personal information solely for the purpose of providing you with quality service and security. For instance, we may use the information collected to verify your identity and contact details. This data helps us establish and set up your trading account, assign an account number and secure password, manage your account activity, and communicate with you regarding your account. Additionally, this information allows us to enhance our services, personalize your browsing experience, and inform you about products, services, or promotions that may interest you.
06 SECURITY
6.1. All information you provide to us is stored on secure servers, and payment transactions are encrypted using SSL technology. If we have provided you (or you have chosen) a password to access certain areas of our Website, you are responsible for keeping it confidential. We advise you not to share your password with anyone.
6.2. While we strive to protect your personal data, the transmission of information over the Internet is not fully secure. We cannot guarantee the security of your data transmitted to our Website, and any transmission is done at your own risk. Once we receive your information, we will implement strict procedures and security features to prevent unauthorized access.
09 UTILIZATION OF "COOKIES"
9.1. We use cookies to help secure your trading activities and improve the performance of our Website. (Cookies are small text files sent from the Web server to your computer.) The cookies we use do not contain any personal, account, or password information. They simply allow the site to recognize that a page request is coming from a user who is already logged in.
9.2. We may share information about Website usage from visitors with reputable advertising companies to help target our online banner ads on this site and other sites. For this purpose, pixel tags (also known as clear gifs or web beacons) may be used to track the pages you have visited. The data collected by the advertising company via these pixel tags is not personally identifiable.