Privacy Policy
Last Updated: October 8, 2024
At MT Academy, we respect and protect your privacy. This Privacy Policy outlines how we collect, use, store, and protect your personal information when you use our website and services. Please read this policy carefully to understand your rights and our obligations under UK data protection laws, including the General Data Protection Regulation (GDPR).
1. Information We Collect
When you use MT Academy’s platform, we collect the following types of information:
1.1 Personal Information:
We collect personal information that you provide directly to us when you create an account or use our services. This may include your name, email address, contact details, identification documents (such as a passport or driver’s license), and payment information.
1.2 Verification Data:
To comply with legal obligations, we may collect additional verification data such as your address, phone number, date of birth, and proof of identity (e.g., passport, utility bill).
1.3 Usage Information:
We collect information related to your interactions with the platform, including your trading activities, account balances, inquiries, and interactions with customer support.
1.4 Technical Information:
We collect technical data such as IP addresses, device information, browser type, and browsing patterns to optimize our platform and improve user experience.
2. How We Use Your Information
We use your personal information to:
- Facilitate the creation and management of your account.
- Verify your identity and comply with legal obligations.
- Provide access to MT Academy’s trading platform and related services.
- Improve the platform’s functionality and user experience.
- Communicate with you regarding updates, service changes, or promotional offers (with your consent).
- Prevent fraudulent activity and ensure the security of your data and transactions.
3. Legal Basis for Processing
Under GDPR, we process your personal data based on the following legal grounds:
- Contractual Obligation: Processing is necessary to provide the services you have requested, such as account creation, verification, and access to the trading platform.
- Legal Obligation: Processing is required to comply with legal and regulatory requirements (e.g., anti-money laundering laws).
- Legitimate Interests: Processing is necessary for the legitimate interests of MT Academy, such as improving our services, preventing fraud, or enhancing security.
- Consent: When required, we will seek your explicit consent for certain types of data processing, such as marketing communications.
4. Cookies and Tracking Technologies
4.1 Cookies:
We use cookies to enhance your experience on our website. Cookies store information such as your login details and preferences, enabling you to access certain features without repeatedly entering your information. Cookies are also used to track website performance and usage.
4.2 Managing Cookies:
You can manage your cookie preferences by adjusting your browser settings. You may choose to block cookies, but this may limit your ability to use certain features of our platform. You can opt-out of non-essential cookies at any time through our cookie management tool.
5. Data Sharing and Disclosure
5.1 Third-Party Service Providers:
MT Academy may share your personal data with trusted third-party service providers for administrative, legal, or technical purposes, such as processing payments, identity verification, or platform maintenance. All third-party providers are required to comply with data protection regulations and are prohibited from using your data for their own purposes.
5.2 Legal and Regulatory Obligations:
We may disclose your personal data to regulatory authorities, law enforcement, or judicial bodies when required by law. This includes sharing information to comply with anti-money laundering laws, tax regulations, or other legal requirements.
5.3 Marketing and Advisory Services:
With your consent, we may share your information with financial institutions or marketing partners under strict confidentiality agreements for the purpose of providing advisory services or promotional offers. You have the right to opt out of such data sharing at any time.
6. International Data Transfers
Your personal data may be transferred to, stored in, or processed in countries outside the United Kingdom, including countries that may not have the same level of data protection as the UK. When transferring your data internationally, MT Academy ensures that appropriate safeguards are in place, such as standard contractual clauses or binding corporate rules, to protect your data in compliance with GDPR.
7. Data Retention
We retain your personal data only for as long as necessary to fulfill the purposes for which it was collected, or as required by law. Once your data is no longer needed, we securely delete or anonymize it. You have the right to request the deletion of your data, subject to legal and regulatory requirements.
8. Your Data Protection Rights
Under GDPR, you have the following rights regarding your personal data:
8.1 Right to Access:
You have the right to request a copy of the personal data we hold about you.
8.2 Right to Rectification:
If your personal data is inaccurate or incomplete, you have the right to request its correction or completion.
8.3 Right to Erasure:
You have the right to request the deletion of your personal data when it is no longer needed for the purposes for which it was collected, or if you withdraw your consent.
8.4 Right to Restrict Processing:
You have the right to request that we restrict the processing of your personal data in certain circumstances, such as when the accuracy of the data is contested.
8.5 Right to Data Portability:
You have the right to receive your personal data in a structured, commonly used, and machine-readable format and to transfer it to another data controller.
8.6 Right to Object:
You have the right to object to the processing of your personal data in certain situations, such as for direct marketing purposes.
8.7 Right to Withdraw Consent:
If we rely on your consent to process your personal data, you have the right to withdraw it at any time. This will not affect the lawfulness of any processing carried out before you withdraw your consent.
To exercise any of these rights, please contact our Support Team at [email protected].
9. Data Security
MT Academy takes data security seriously and implements a range of measures to protect your personal information, including:
- Encryption: SSL encryption is used to protect your data during transmission.
- Firewalls and Access Controls: Our systems are protected by firewalls and access control mechanisms to prevent unauthorized access.
- Regular Audits: We conduct regular security audits and vulnerability assessments to ensure the ongoing security of our systems.
Despite these measures, please be aware that no system is 100% secure, and we cannot guarantee the absolute security of your data. In the event of a security breach, MT Academy will notify affected users promptly, in accordance with GDPR requirements.
10. No Access to User Funds or Portfolios
MT Academy does not have access to any user’s funds or portfolios with third-party brokers. All trading decisions, portfolio management, and financial risk remain the sole responsibility of the user. MT Academy only provides educational and advisory services and will not interfere in the management or allocation of users’ funds. Users retain complete control over their trading accounts and assets with external brokers.
11. Children’s Privacy
MT Academy’s platform is not intended for use by individuals under the age of 18. We do not knowingly collect or process personal data from children. If we become aware that we have collected personal data from a child, we will take immediate steps to delete the information.
12. Amendments to This Privacy Policy
MT Academy reserves the right to amend this Privacy Policy at any time. Any changes will be posted on this page, and significant updates will be communicated to you via email or other direct communication. Your continued use of the platform constitutes acceptance of any updated Privacy Policy.
13. Governing Law and Jurisdiction
This Privacy Policy is governed by and construed in accordance with the laws of the United Kingdom. Any disputes related to the handling of personal data will be subject to the exclusive jurisdiction of the courts in London UK.
14. Contact Information
If you have any questions or concerns about this Privacy Policy or the handling of your personal data, please contact us at: [email protected].