Terms and Conditions
Privacy and Personal Data Protection Policy
Administration of Personal Data
Vantage Brokers LTD is committed to ensuring the privacy of non-public information and personal data provided by all clients of the Vantage Brokers LTD as well as all visitors to and users of the website www.vantagefxbrokers.com (the website).
Vantage Brokers LTD will only use the non-public information and personal data it gathers in agreement with this Policy and the relevant regulation and other appendix issued by Vantage Brokers LTD.
Your personal data shall be administered entirely by Vantage Brokers LTD, whose address is: Law Partners House, Kumul Highway, Port Vila, Republic of Vanuatu, which is an administrator of personal data and is registered with the Vanuatu International Companies Act for Personal Data Protection under number 40227.
Collection of Information
If an approaching client decides to open an account with Vantage Brokers LTD, there is some information that will be needed from them. Which includes, but not limited to, personal data such as name, address, date of birth, place of birth, phone number, email address, and other contact details, passport details, employment details, as well as other necessary financial information. The reason for the collection of this information is to identify the prospective client and to apprise whether the service requested by them is appropriate, before entering into an agreement.
From time to time Vantage Brokers LTD may request further information which will, on the one hand, help improve the services it provides. Moreover, on the other, is necessary to fulfill the regulatory duty to maintain the data through which it individualizes a website user as its client in current form and volume.
To ensure the security of information transfer, Vantage Brokers LTD uses an SSL certificate to encrypt information transmitted by or to the visitor through Vantage website.
Use of Information and Purposes of Processing Personal Data
Vantage Brokers LTD uses the non-public personal information containing personal data collected from clients to establish and service clients’ accounts for trading in foreign financial markets.
Vantage Brokers LTD will use data gathered from the client to establish their identity in agreement with the applicable laws, as well as to enter into an agreement with the client for providing the required service. The collected data will also be used to classify the client as a retail or unprofessional client.
Unless the client is informed otherwise, the non-public information and personal information that Vantage Brokers LTD holds and processes will also be used for:
Reviewing the client’s ongoing needs;
AML (anti-money laundering) and fraud prevention;
enhancing customer service and products;
Providing ongoing information or opportunities that Vantage Brokers LTD believes may be of interest to the client.
Disclosure of Information
Vantage Brokers LTD does not disclose clients’ non-public information and personal data to any non-affiliated third parties or affiliated entities, except as permitted by applicable law.
Depending on the product or service concerned and particular restrictions on confidential information, personal client data and information may be disclosed to:
service providers and specialist advisers who have been contracted to provide Vantage Brokers LTD with administrative, financial, legal, research, or other services;
courts and regulatory authorities, under or as prescribed by law;
anyone authorized by the client, as specified by that individual or the contract.
Access to Information
Any client, after submitting a written request, is entitled to access the personal data collected about them by Vantage Brokers LTD. In the cases where the right of access granted to an individual may also lead to the disclosure of personal data of third parties, Vantage Brokers LTD is obligated to provide to the relevant client access only to the part of the data referring solely to them. When exercising their right of access, any client of Vantage Brokers LTD is entitled to request at any time:
Confirmation as to whether or not data relating to them is being processed, information as to the purposes of such processing, the categories of data concerned, and the recipients or categories of recipients to whom the data is disclosed;
Notification to the client, in an intelligible form, containing their personal data which is being processed, as well as any available information about their source;
Information concerning the logic involved in any automated processing of personal data.
Any client is entitled to require, at any time, from Vantage Brokers LTD to:
erase, rectify or block their personal data whose processing does not comply with the legal requirements;
notify any third parties to whom their personal data has been disclosed of any erasure, rectification, or blocking carried out in compliance with the previous item unless this is impossible or involves a disproportionate effort.
Any client to whom the personal data refers is entitled to:
object before Vantage Brokers LTD against the processing of their personal data in the presence of legal grounds for that; when such an objection is justified, the personal data of the relevant client may no longer be processed;
object against the processing of their personal information for direct marketing;
be informed before their personal data is disclosed for the first time to third parties or used on their behalf for direct marketing, and to be given the opportunity to object to such disclosure or use.
If the client does not wish Vantage Brokers LTD to process their personal data, they should inform the company in writing. In that case, Vantage Brokers LTD may not be able to provide them with information about services and products requested by them, and also the products and services themselves; and concerning this, Vantage Brokers LTD will have no liability to the client in respect of the same.
Updating or Deleting Client Data
The client should inform Vantage Brokers LTD promptly that their personal data has changed by sending an email to firstname.lastname@example.org.
The client should inform Vantage Brokers LTD if they wish their personal data to be deleted by sending an email to email@example.com.
Vantage Brokers LTD will change or eliminate a client’s personal information and data following their requests, except to the extent, terms, and ethics that Vantage Brokers LTD is required to hold clients’ personal data for regulatory or legal purposes. To provide the client with the services they have requested, or due to it has provided the services during a past period, and must now maintain certain information until a certain regulatory deadline.