Privacy Policy

Your privacy and trust are important to us. Learn how we protect and handle your personal data.

Last updated: January 2025

1. Introduction

Your privacy and trust are important to us. This Privacy Policy ("Policy") provides essential information about how ikasforex Ltd. and its worldwide affiliated companies and subsidiaries ("ikasforex", "we", "us", or "our") handle personal data. We are committed to keeping your data secure and confidential—both online and offline.

This Policy applies to any ikasforex website ("Website") and the ikasforex trading platform ("Platform"). Please read this Policy carefully and contact us through the "Contact Us" page or the help feature within the Platform if you have any questions. This Policy may be updated periodically; when we make material changes, we will notify you via a notice on the Platform.

2. How We Use Your Personal Data

We collect, use, disclose, transfer, and store personal data where necessary to provide our services and for operational and business purposes. This includes:

  • Performing contractual obligations (e.g., processing your trades)
  • Managing your account
  • Communicating with you about your trading activity or relevant products
  • Fulfilling regulatory or legal requirements
  • Sending marketing communications, where applicable, under legitimate interests

We will inform you and, if required, request your consent before processing your data for any additional purpose.

3. Account Creation and Registration

When you create an account on the Platform, we collect:

  • First and last name
  • Email address
  • Phone number
  • Date of birth
  • Residential address
  • Financial status
  • Identification documents
  • Proof of address
  • Credit or bank card details
  • Employment details
  • Currency preferences
  • Risk tolerance

This data is used to verify your identity, fulfill legal obligations (e.g., Know Your Customer and anti-money laundering checks), and provide technical/customer support.

4. Communication Preferences

We may contact you via SMS, push notification, email, or in-app notification regarding services or offers relevant to your trading activity.

You may manage these preferences by:

  • Clicking the "unsubscribe" link in emails
  • Adjusting your notification settings under the "Settings" > "Notification Settings" tab on the Platform

Push notifications are sent to all devices used to access your account. If you've logged in on another person's device, or vice versa, please contact Customer Support to remove the associated device.

5. Personalization

We use personal data (e.g., location, trading behavior) to personalize your experience by showing relevant news, reports, or product updates. Aggregated and anonymized data may be used for internal analytics and service improvement.

6. Contacting Us (Live Chat, Email, Social Media)

If you contact us via email, live chat, or instant messaging services (e.g., WhatsApp), we may request personal data (e.g., name, email, address) to verify your identity. This information is securely stored and used solely to respond to your query.

7. Legal Obligations

We may retain and process personal data to:

  • Fulfill legal/regulatory duties (including outside your country of residence)
  • Respond to courts, regulators, or law enforcement
  • Ensure compliance with Platform terms and conditions
  • Detect and prevent fraud or unlawful activity
  • Retain data even after account closure for legal purposes

8. Third-Party Login

You may choose to use social network credentials to access the Platform. If you do, we may receive authentication and profile information. Please review the third party's own privacy policy for how your data is handled. You can opt out by not using such features.

9. Sharing Personal Data

We may share your data with:

  • Our group companies: for administration, support, and customer service
  • Third-party service providers: including cloud hosting, marketing, analytics, and IT support. These providers are contractually obligated to protect your data.
  • Legal or regulatory authorities: where required by law
  • In corporate events: such as mergers, acquisitions, or restructuring

10. Trade Activity Monitoring

We monitor trading frequency, volume, transaction details, payment methods, and device/IP information to meet regulatory obligations and support fraud prevention.

11. International Data Transfers

Your data may be processed in jurisdictions outside the UK or EU. We ensure such transfers comply with legal standards through adequacy decisions, standard contractual clauses, or other lawful mechanisms.

12. Access, Correction, and Deletion

You have the right to:

  • Access your data (subject to identity verification)
  • Correct inaccurate data
  • Request deletion, which will result in account closure (data may be retained for legal purposes)

In specific cases, you may also restrict processing or manage marketing preferences via your account settings.

We reserve the right to charge a reasonable fee for excessive or unfounded requests.

13. Data Security

ikasforex uses industry-standard technical and organizational safeguards to protect your personal data against unauthorized access, loss, or misuse.

14. Data Retention

We retain data only as long as necessary to meet business or legal requirements. When data is no longer needed, we securely delete or destroy it.

15. Cookies

We use cookies on our Website and Platform. For more information and to manage cookie preferences, please refer to our Cookie Policy or visit "Privacy Settings" in the Platform's settings menu.

16. Contacting Us or Filing a Complaint

To request a copy of your data, correct your information, or file a complaint, please use the Personal Data Requests form on our website.

If you're unsatisfied with our response, you may contact the data protection authority in your jurisdiction.

Need Help?

If you have any questions about this Privacy Policy, please contact us through our support page or email us at privacy@ikasforex.com