The Road to Dubai starts November 1st!.
Win a trip to Dubai in January 2025 and tickets to the IFX Expo!
Go All-In on Savings: 40% Off with the code CYBERDEAL – for a Limited Time Only!
Nov 30th-Dec 3rd
Last update: 31st October 2024
This Privacy Notice (the “Notice”) is issued by KOT Ltd. (“KOT4X”, “we”, “us”, or “our”) to inform you regarding the collection, processing, and safeguarding of your personal data in relation to the establishment and operation of a Customer Account (“Account”) and the provision of our services.
We may collect personal data based on your interactions with our system. The data we may collect include:
Category of Data | Description | Purpose of Collection |
Identification Data | Full name, surname, date of birth, and residential address. | To verify your identity in compliance with KYC regulations. |
Financial Data | Information about your financial situation, including net worth, income, assets, and liabilities. | To assess your suitability for trading and ensure compliance with financial regulations. |
Contact Data | Email address, phone number, and other relevant contact information. | To facilitate communication regarding your Account and services. |
Trading Information | Data regarding your trading activities, including account identifiers, transaction history, and trading preferences. | To optimize service delivery and monitor trading activity. |
Communication Data | Records of communications exchanged between you and KOT4X, including emails, chats, and call logs. | To ensure accountability and improve service quality. |
We outline the various ways in which we may use your personal data, ensuring that you have a clear understanding of our practices and how they contribute to enhancing your experience with KOT4X.
Purpose | Description |
Account Management | To facilitate the opening and ongoing management of your Account, ensuring proper setup and functionality. |
Service Provision | To provide services related to the purchase and sale of over-the-counter margin-based trading contracts, ensuring compliance with applicable regulations. |
Credit Assessments | To evaluate your suitability for trading activities, including conducting necessary credit assessments based on financial data provided. |
Regulatory Compliance | To comply with statutory obligations, including anti-money laundering (AML) regulations and other relevant laws. |
Communication | To communicate essential information regarding your Account, transaction details, and updates related to our services. |
Monitoring and Auditing | To monitor your trading activities and conduct audits to ensure compliance with internal policies and security measures. |
We rely on the following legal basis to process your personal data:
Legal Basis | Description |
Consent | Processing based on your explicit consent for specified purposes, which may be withdrawn at any time. |
Contractual Necessity | Processing necessary to fulfill our contractual obligations to you under the Agreement governing your use of our services. |
Legal Obligation | Processing required to comply with applicable laws and regulatory requirements that govern our operations. |
Legitimate Interests | Processing justified by our legitimate interests in delivering services, ensuring regulatory compliance, and maintaining security. |
We disclose your personal data to third parties where necessary to provide our services or comply with legal obligations.
Recipient | Purpose of Disclosure |
Third-party Service Providers | To assist us in executing our services, including payment processing, IT services, and compliance consulting. |
Regulatory Authorities | To fulfill legal obligations and respond to requests from law enforcement and regulatory bodies as mandated by law. |
Financial Institutions | To conduct credit assessments and verify your financial standing, which is essential for risk management. |
Other Parties | As required by law, or with your explicit consent, for any other purposes necessary for service delivery. |
We retain personal data for as long as necessary to fulfill the purposes outlined in this Privacy Notice or as required by law.
Retention Period | Description |
During Account Operation | Personal data will be retained for as long as your Account is active to facilitate ongoing services and management. |
Compliance with Legal Obligations | Data will be retained for the duration specified by relevant laws or regulatory requirements, which may extend beyond Account termination. |
We implement appropriate technical and organizational measures to safeguard your personal data against unauthorized access, loss, or misuse. These measures include:
We may revise and update this Privacy Notice periodically. Any amendments will be communicated by posting the revised Privacy Notice on our website. We encourage you to review this Privacy Notice periodically to stay informed about our practices regarding personal data.
If you have any questions or concerns about this Privacy Notice or your data rights, please contact us at [email protected].
* KOT4X is operated by Kot Ltd, Company Number 25045 BC 2018, with registered address/agent at Suite 305, Griffith Corporate Centre, Beachmont, Kingston, St Vincent and the Grenadines. Further to the above, Kot Ltd, main place of business is at 10, Holborn, Rd Unit 7, Kingston, 10 Kingston, Jamaica.
** Kot Ltd will contact and correspond with the Customer via the following email address; [email protected].
*** Risk Disclosure: This website is not directed at or intended to elicit citizens and/or residents of the USA and is not intended for distribution to or use by any person in any jurisdiction where such distribution or use would be contrary to local law or regulation.
**** Risk Warning: Trading leveraged products such as Forex may not be suitable for all investors as they carry a degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investment objectives and level of experience, before trading, and if necessary, seek independent advice.