This Privacy and Security Policy explains how Wafra collects personal data about you and how it maintains, uses, and discloses that data. Wafra is committed to protect the privacy of all personal information which is obtained from you, including the information we obtain during your visits to this website. Wafra will only use your personal information in accordance with this “Privacy and Security Policy”.
What information do we collect from you ?
Wafra will collect and store personal information about you, as it is legally required to provide you with the investment services. This includes, among others, your date of birth, your address, a copy of your national Identity card, passport, or other form of ID and a copy of a recent utility bill or other proof of address. We may obtain personal information because of ID authentication or verification, including verification in front of credit reference agencies (who may keep a record of the information) to prevent fraud.
Wafra also collects and processes your personal information which are necessary for us to provide you with our services including information about you when you complete an online application or another type of form and when you access and trade through your Wafra account.
Wafra may also derive information about your use of this website and client trading platform program and may store this information with your personal profile. This information may include the location of the visited areas, pages viewed, frequency and duration of visits, Internet Protocol (IP) address, computer identification parameters, types of transactions conducted, documents downloaded, mouse clicks, mouse movements, scrolling activity as well as the text you write on this website and the website you referred by or the site which you link to.
How we use and share your personally identifiable information?
Wafra uses your personal information and share it with partners, contractors, service providers, transaction processors, advisors and affiliates of Wafra (including but not limited to mother companies, sister and subsidiary companies in Wafra group) (“Partners”) for the following purposes only, or subject to an honest approval:
- - To Provide services you have requested including processing transactions.
- - To confirm your identity.
- - To maintain your personal profile.
- - To manage your account.
- - To contact you when necessary or appropriate concerning the services provided to you.
- - Keep in touch as you are our client regarding matters such as traded contracts and other activities at Wafra
- - To manage and administer the products and services provided to you.
- - For marketing purposes, including, but not limited to providing information regarding the products and services offered by Wafra or its Partners.
- - In developing and understanding the products and services that you may be interested in obtaining them from Wafra or its partners.
- - To provide you with information or opportunities that we believe they may be relevant to you.
- - To adapt the site to your needs and interests.
- - To create impersonalized statistical data.
- - To enforce the governing terms and conditions.
- - If Wafra believes that you have violated the governing terms and conditions, or misused your rights to use other services, or performed any act or omission which wafra believes to be violating any applicable law, rules, or regulations, then Wafra may share your information with law enforcement agencies and other competent authorities as well as with other third parties, as may be required.
- - If Wafra is required or believes that it is required by law to share or disclose your information to governmental authorities or to any other third party in any case of dispute, or legal procedures of any kind between you and Wafra, or between you and other clients or third parties in relation with the services that Wafra provides.
- - To conduct surveys and questionnaires.
- - In any case where Wafra believes that sharing information is necessary to prevent imminent physical harm or damage to property.
- - If Wafra organizes and operates its services in a different context, or through another legal structure or entity, or if it is acquired by Wafra, or merged with another entity, provided but provided that such entities agree to be bound by the provisions of this policy, with the introduction of necessary changes to be taken into consideration.
Statistical Data
Wafra may combine your personal information with information from other users of this site to create impersonalized statistical data for the purposes of monitoring and improving service. Wafra may provide this statistical data to third parties. Under no circumstances no one will be able to identify your ID from this statistical data and you will remain anonymous.
Transfer of data to third countries
You acknowledge that Wafra By its nature is an online service, that the information may be stored and processed in different locations around the world. If you are a resident “in a jurisdiction such as the member states of the European Economic Area, where the transfer of personal information to another jurisdiction requires your consent, and the completion of your account opening procedures constitutes your express and unambiguous consent to such transfer.
Updating Your Information
You may inform Wafra at any time that your personal details have changed or if you would like Wafra to delete the personal information, send us an email at info@wafrafx.com and we will change or delete your personal information in accordance with your instructions. In any event, Wafra may keep any aggregated or anonymous information for the purposes described in this privacy and security policy, for an indefinite period.
Security
Wafra efforts to protect your personal information and ensure that they are not accessed by unauthorized persons. It includes encryption measures during data transmission, strong authentication mechanisms and separation of hardware and data to provide safe areas. it is not accessed by unauthorized persons. Although such systems and procedures exist to reduce the risk of security breaches, they do not provide absolute security. Therefore, Wafra cannot guarantee that our services will be immune from any irregularities, malfunctions, illegal objections, unauthorized access to information stored in it, and other information security risks, or that your communications or through our service will remain confidential.
What are Your Rights?
You do not need to give us any of the personal information required by Wafra. However, without obtaining the requested information on the application form, Wafra may decline your account opening request.
How to request a copy of information
Enforcement
Wafra every effort to comply with this privacy and security policy. If you have any questions, concerns or complaints regarding this policy and how to apply it, please refer to: info@wafrafx.com. After receiving the complaint, the company will contact you to understand your concerns and we will make every effort to immediately answer to your questions or resolve your complaint until you are fully satisfied.
Amendments to Policy
Wafra may change and update these terms and conditions of the Privacy Policy from time to time. All changes will take effect three (3) days after the initial publication on the website, if Wafra modifies this policy to comply with legal or regulatory requirements, in this case, the amendments will become effective as required or ordered.
RISK WARNING Trading in Financial Instruments carries a substantial level of risk and may result in a loss of all invested capital. It may be not suitable for all investors; please ensure that you understand your investment objectives, level of experience, risk appetite and, if necessary, seek advice from an independent financial advisor.