Gromcapitals LLC respects your privacy and is committed to protecting and respecting your personal data. This privacy policy aims to give you information on how we collect and process any personal data i.e. information about a Client (as defined below) who is a natural person on the basis of which that Client can be identified (hereinafter the data) in accordance with the applicable data protection legislation and best practice.
We strive to create the most secure infrastructure of any broker in the world. In this privacy policy we would like to tell why you can trust us with your data and rest assured that your data is safe.
It is important that you read this privacy policy together with any other privacy policy we may provide on specific occasions when we are collecting or processing your data about you so that you are fully aware of how and why we are using your data.
In this Privacy Policy, unless the context otherwise requires, expressions defined herein shall have the meaning ascribed to them in the Terms & Conditions.
Please note that this Privacy Policy is addressed to Clients and potential customers. If you are an Gromcapitals employee, a contractor to Gromcapitals or a third-party service provider, your personal information will be used in connection with your employment contract, your contractual relationship or in accordance with our separate policies which are available by contacting us at the contact details listed in the section OUR CONTACT DETAILS below.
Gromcapitals LLC, is a company registered in St. Vincent and the Grenadines and having its registered address at Hinds Building, Kingstown, St. Vincent and the Grenadines (hereinafter Gromcapitals). Gromcapitals is the controller and responsible for the data of the Client disclosed to us in order to register for a Trading Account, Demo Account and/or to make use of any other services offered by the Gromcapitals Group (as defined in Appendix A) through the website (hereinafter “Website”) (this term shall at all times include Website’s desktop and mobile versions).
This Privacy Policy is issued on behalf of Gromcapitals Group so when we mention “Gromcapitals”, “Company”, “we”, “us” or “our” in this Privacy Policy, we are referring to the relevant company in the Gromcapitals group responsible for collecting and/or processing your data when you use the Trading Platform through the Website, either for a Trading Account or a Demo Account (or their mobile/desktop versions) (hereinafter the Service(s)). In Gromcapitals we respect your privacy and therefore all companies within the Gromcapitals group are committed to protect your data, which it collects, uses and/or has access to.
If you are participating in our affiliate and/or introducing broker programs, we will process the data provided under our agreement with you to exercise our rights and perform our obligations under or in connection with the relevant agreement and the term Client in this Privacy Policy shall be read to include the term Affiliate and/or Introducing Broker (as applicable).
The Company takes measures to implement advanced data protection policies and procedures and to update them from time to time for the purpose of safeguarding the Client's data and the Client’s account. Your data is protected by the legal, administrative and technical measures that we take to ensure the privacy, integrity and accessibility of data. To prevent security incidents with your data, we use a mixed organizational and technical approach based on the results of annual risk assessment.
The Company shall not divulge any private information of its Clients and former Clients unless the Client approves in writing such disclosure or unless such disclosure is required under applicable law or is required in order to verify the Client's identity or it is required for Gromcapitals to perform its contractual obligations under any agreement concluded with the Client. The Clients' information is processed only by the employees of the Company and/or employees of the Gromcapitals group and/or trusted third parties which provide specific support services, dealing with the specific Client's Accounts and necessary for the provision of our services. All such information shall be stored on electronic and physical storage media according to applicable law.
- | PURPOSE ACTIVITY | TYPE OF DATA | LAWFUL BASIS FOR PROCESSING INCLUDING BASIS OF LEGITIMATE INTEREST |
---|---|---|---|
a. | 1. To accept to register you as a Client 2. To notify you about changes to our terms or privacy policy 3. To communicate with you and provide you with secure identifications, authentication and support services 4. To confirm you are at age of majority as recognized and declared by the laws of your jurisdiction |
1. Identity Data 2. Profile Data 3. Contact Data 4. Data in KYC 5. Financial Data 6. Economic Profile Data |
1. Necessary to perform our contract with you 2. Necessary to comply with our legal obligations |
b. | 1. To perform our Scoring Processing under which a Client is scored on a scale basis with regard to the level of risk he is to Gromcapitals | 1. Banking Data 2. Economic Profile Data |
1. Necessary to perform our contract with you 2. Necessary to comply with our legal obligations |
c. | 1. To confirm the information provided by You under (a) above in relation to your location. | 1. Location Data | 1. Necessary to perform our contract with you 2. Necessary to comply with our legal obligations |
d. | 1. To secure authentication, identification and support services via social networks protocols and use the links to your accounts in social networks for these purposes. | 1. Technical Data | 1. Necessary to perform our contract with you 2. Necessary to comply with our legal obligations |
e. | 1. To process and deliver your transactions and requests (Deposits; Trades; Withdrawals) 2. Manage payments, fees and charges; 3. To collect and recover money owed to us. |
1. Banking Data 2. Transaction Data |
1. Necessary to perform our contract with you 2. Necessary for our legitimate interest (recover charges owed to us, make a withdrawal in case of breach of our contract) |
f. | 1. To administer and protect our business and Website (including troubleshooting, data analysis, testing, system maintenance, support, reporting and hosting of data) | 1. Identity Data 2. Contact Data 3. Technical Data |
1. Performance of our contract with you 2. Necessary to comply with our legal obligations 3. Necessary for our legitimate interests (take reasonable steps to confirm that you do not use any ways to manipulate our platform & for running our business, provision of administration and IT services, network security, to prevent fraud) |
g. | 1. To deliver relevant Website content and advertisements to you and measure or understand the effectiveness of the advertising we serve to you
2. To provide you with an optimal operation on our web application, mobile and/or desktop versions of our application and monitor your behavior for the purpose of improving the efficiency and usability of our services. |
1. Identity Data 2. Contact Data 3. Profile Data 4. Usage Data Technical Data 5. Marketing and Communication Data |
1. Necessary to perform our contract with you 2. Necessary for our legitimate interests (to study how customers use our products/services, to develop them, to grow our business) |
h. | 1. to study how customers use our products/services, to develop them, to grow our business and to inform our marketing strategy; 2. statutory limitations |
1. Transaction Data | 1. Necessary for our legitimate interests (including statutory limitations provisions by applicable laws) |
i. | 1. To inform you about any of the following: — new services and/or products we may offer; — Any new development and/or features of the current products/services we offer |
1. Identity Data 2. Profile Data 3. Contact Data 4. Technical Data 5. Usage Data 6. Transactions 7. Marketing and Communication Data |
1. Necessary to perform our contract with you 2. Necessary for our legitimate interests (to study how customers use our products/services, to develop our products/services and grow our business) |
j. | 1. To send direct marketing of our services to you always within the boundaries of our legitimate interests.
2. To send to you newsletters, push-messages and calls to keep you in touch with our new feature and new development of the current products/services we offer, news and events and the efficient provision of the full scope of our services. Please note that we will never use your data to communicate to you and/or promote any third party marketing material. |
1. Identity Data 2. Profile Data 3. Contact Data 4. Data that may be provided by you during your activity at the Website. Marketing and Communication Data |
1. Necessary to perform our contract with you 2. Necessary for our legitimate interests (to provide effective and personalized customer services to you and to update you in relation to our services that are available to you. |
k. | 1. To allow us to provide you with the optimal operation on our Website, mobile and desktop versions of our application and monitor your behavior for the purpose of improving the efficiency and usability of
our Services. 2. To use analytics tools to track performance of the Website and marketing source of our Clients in order to optimize our marketing costs and provide you with better experience. |
1. Location Data 2. Technical Data 3. Usage Data 4. Marketing and Communication Data |
1. Necessary to perform our contract with you 2. Necessary for our legitimate interests (to provide effective and personalized customer services to you and to update you in relation to our services that are available to you). |
l. | 1. to allow us to monitor and train our employees for your benefit 2. to safeguard your or our interests in case of a dispute 3. to take steps for fraud prevention 4. to improve the services provided to you |
Audio Data | 1. Necessary to perform our contract with you 2. Necessary to comply with our legal obligations 3. Necessary for our legitimate interests |
m. | 1. To confirm that your annual income corresponds with your employment status
2. To confirm that you have no criminal history. |
Sensitive Data | 1. Necessary to comply with our legal obligations 2. Necessary to protect your vital interests. |
If you do not want to receive any marketing newsletters or transmit your data to the third-parties for marketing purposes, you can configure your preferences. Such configuring can be done when (i) opening an account or (ii) when receiving such advertising content or (iii) by logging in and going to My Account > Personal Details > Notification Settings. You may also send to the Company, at any time, an email to