Introduction
Averidia Tech Ltd needs to collect personal information from our clients and prospective clients to provide them with our products, services and any relevant information.
Your privacy is very important to us, and we make it our priority to safeguard and secure all confidential information relating to individuals.
This Privacy Policy will go through what measures Averidia Tech Ltd (the “Company”) takes to collect, use and manage the personal information we receive from you or a third party in relation to the products and services we provide. This Privacy Policy also outlines your rights relating to the processing of your personal information.
Our Privacy Policy is reviewed and updated regularly to be compliant with data protection laws and other privacy regulations.
Privacy Protection
Averidia Tech Ltd respects the privacy of any users who access its website(s) and therefore is committed to taking all reasonable steps to safeguard the privacy and confidential information of all clients and visitors of our website, in accordance with the applicable data protection laws and regulations.
To ensure this, we have trained our staff on the importance of protecting and respecting your personal information and privacy. We have also appointed a Data Protection Officer to ensure that our Company manages/processes your personal information in compliance with the applicable data protection laws and regulations and in accordance with this Privacy Policy.
The personal information you provide us with when registering yourself as a user of the Company’s website(s) or of its services is classified as registered information, which is protected in several diverse ways. You can access your registered information after logging in to (WEBSITE URL).
It is your responsibility to make sure that your password is only known to you and not disclosed to anyone else. Your registered information is securely stored with us, and only authorized staff have access to this information. Please also note that transfer of information via the internet is not always entirely secure, but we have taken significant precautions to ensure that your personal data is protected.
Personal Information We Collect
As part of our application process and to open any type of account with us, you must first complete and submit an application form with all the required information. By completing this application form, you are requested to disclose personal information to enable the Company to assess your application and comply with the relevant laws (including their regulations). The information you provide may also be used by the Company to inform you of its services.
The information that we may collect from you includes the following:
- full name
- residential address
- contact details (e.g. telephone number, email address, etc.)
- date of birth, place of birth, gender, citizenship
- profession and employment details
- authentication data (e.g. signature)
- location data
- verification information, which includes information necessary to verify your identity such as a passport or driver’s license (examples also include background information we receive about you from public records or from other entities not affiliated with us). Furthermore, we may collect other identifiable information, such as identification numbers and/or passport/tax registration numbers
- any other information customarily used to identify you and about your trading experience which is relevant to us providing our services to you.
We obtain this information in several ways through your use of our services, including through any of our websites, apps, and the account opening applications, our demo account forms or customer service communications. We may also collect this information about you from third parties such your payment providers and through publicly available sources. We also keep records of your trading behavior, including records regarding the following:
- your preference for certain types of products and services
If you choose not to provide the information, we need to fulfil your request for a specific product or service; we may not be able to provide you with the requested product or service.
We may record any communications, electronic, by telephone, in person or otherwise, that we have with you in relation to the services we provide to you and our business relationship with you. These recordings will be our sole property and will constitute evidence of communication between us. Such telephone conversations may be recorded without a warning tone or any other further notice.
Processing of your Personal Information
We may process your personal data on the following bases and for the following purposes:
1. Performance of a contract
We process personal data to provide our services and products, as well as information regarding our products and services based on the contractual relationship with our clients (i.e. to perform our contractual obligations). In addition, processing personal data takes place to be able to complete our client on-boarding/acceptance procedures.
2. Compliance with a legal obligation
There are several legal obligations imposed by relevant laws to which we are subject, as well as specific statutory requirements (e.g. anti-money laundering laws, financial services laws, corporation laws, privacy laws, and tax laws). There are also various supervisory authorities whose laws and regulations apply to us. Such obligations and requirements impose on us necessary personal data processing activities for credit checks, identity verification, payment processing, compliance with court orders, tax law or other reporting obligations and anti-money laundering controls.
These obligations apply at various times, including client on-boarding/acceptance, payments, and systemic checks for risk management.
3. For the purposes of safeguarding legitimate interests
We process personal data to safeguard the legitimate interests pursued by us or by a third party. A legitimate interest is when we have a business or commercial reason to use your information. Examples of such processing activities include the following:
- initiating legal claims and preparing our defense in litigation procedures
- risk management
- measures to manage business and for further developing products and services
- measures to ensure IT and system security, preventing potential crime, asset security, admittance controls, and anti-trespassing measures
4. You have provided your consent
Our storage and use of your personal data is based on your consent (other than the reasons described or implied in this policy when your consent is not required). You may revoke consent at any time; however, any processing of personal data prior to the receipt of your revocation will not be affected.
5. To provide you with products and services, or information about our products and services, and to review your ongoing needs.
Once you successfully open an account with us, or subscribe to an update, we will need to use your personal information to perform our services and comply with our obligations to you. It is also in our legitimate interests to try to ensure that we are providing the best products and services so we may periodically review your needs based on our assessment of your personal information to try to ensure that you are getting the benefit of the best possible products and services from us.
6. To investigate or settle enquiries or disputes
We may need to use personal information collected from you to investigate issues or to settle disputes with you because it is in our legitimate interests to ensure that issues and disputes get investigated and resolved in a timely and efficient manner.
7. To comply with applicable laws, court orders, other judicial process, or the requirements of any applicable regulatory authorities
We may need to use your personal information to comply with any applicable laws and regulations, court orders or other judicial process, or the requirements of any applicable regulatory authority. We do this not only to comply with our legal obligations but because it may also be in our legitimate interest to do so.
8. Data analysis
Our webpages and emails may contain web beacons or pixel tags or any other similar type of data analysis tools that allow us to track receipt of correspondence and count the number of users that have visited our webpage or opened our correspondence. If your personal information is not in an anonymized form, it is our legitimate interest to continually evaluate that personal information to ensure that the products and services we provide are relevant to the market.
9. Marketing purposes
We may use your personal information to send you marketing communications by email, phone, SMS, or other methods (such as social media channels) to ensure that you are kept up to date with our latest products and services. We will not disclose your information to any outside parties that may allow them to directly market to you.
10. Internal business purposes and record keeping
We may use your personal information for internal business and research or record keeping purposes. Such processing is in our own legitimate interests and is required in order to comply with our legal obligations. This may include any communications that we have with you in relation to the services and products we provide to you. We will also keep records to ensure that you comply with your contractual obligations pursuant to the agreement governing our relationship with you.
11. Legal Notifications
Often the law requires us to advise you of certain changes to products or services or laws. We may need to inform you of changes to the terms or the features of our products or services. We need to process your personal information to send you these legal notifications. You will continue to receive this information from us even if you choose not to receive direct marketing information from us.
12. Physical security
If you enter any of our premises, we may record your image on our CCTV for security reasons. We may also take your details to keep a record of who has entered our premises on any given day. It is in our legitimate interest to do this to maintain a safe and secure working environment.
Disclosure of your Personal Information
The Company will not disclose any of its clients’ confidential information to a third party, except: (a) to the extent that it is required to do so pursuant to any applicable laws, rules or regulations; (b) if there is a duty to disclose; (c) if our legitimate business interests require disclosure; or (d) at your request or with your consent or to Persons described in this policy. The Company will endeavor to make such disclosures on a ‘need-to-know’ basis, unless otherwise instructed by a regulatory authority. Under such circumstances, the Company will notify the third party regarding the confidential nature of any such information.
As part of using your personal data for the purposes set out above, the Company may disclose your personal information to the following:
- any companies under Averidia Tech Ltd, meaning any of our ultimate Tech companies and their respective subsidiaries may receive such information;
- our associates and service providers, for business purposes, including third parties such as business service providers and specialist advisers who have been contracted to provide us with administrative, financial, legal, tax, compliance, insurance, research or other services;
- business introducers with whom we have a mutual business relationship;
- business parties, credit providers, courts, tribunals and regulatory authorities as agreed or authorized by law; and anyone authorized by you.
If the Company discloses your personal information to business parties, such as card or other payment processing companies or banks, in order to perform the services requested by clients, such third parties may store your information in order to comply with their legal and other obligations.
Clients accept and consent that the Company may, from time to time, analyze the data collected while visiting our website(s) or by other means, such as questionnaires, for statistical purposes in order to improve the Company’s business activities.
Your Collected Information
Tracking systems used on the Company’s website(s) may collect your personal data in order to optimize the services provided to clients/potential clients. The website collects information in the following ways:
1. Device Information
By recognizing your device used to access and use the Company’s website(s), we can provide you with the most appropriate version of our website(s).
2. Log Information
Logging certain behaviors on the site enables the company to track user action and therefore troubleshoot any issues that may occur.
3. Location Information
Using your IP address helps us localize our website content, which we provide to you based on your country, and improve your user experience on our site(s).
4. Cookies
Cookies are small pieces of data sent from our website(s) to your browser and stored on your computer’s hard drive when using our site(s), and they may include a unique identification number. The purpose of collecting this information is to provide you with a more relevant and effective experience on our website(s), including the presentation of our web pages according to your needs or preferences.
Cookies are frequently used on many websites on the internet, and you can choose if and how a cookie will be accepted by changing your preferences and options in your browser. You may not be able to access some parts of our website(s) if you choose to disable the cookie acceptance in your browser, particularly in your account panel and other secure parts of our website(s). We therefore recommend you to enable cookie acceptance in order to benefit from all our online services.
Furthermore, we use cookies for re-marketing features in order to allow us to reach out to users who have previously visited our website(s) and have shown an interest in our products and services. Periodically, we may use third party vendors to display our ads over the internet to you, based on your previous use of our website(s). You can opt out this particular use of cookies at any time by visiting Google’s Ads Settings page and the DoubleClick opt-out page or as they later update those facilities.
The Company uses session ID cookies and persistent cookies. A session ID cookie expires after a set amount of time or when the browser window is closed. A persistent cookie remains on your hard drive for an extended time period. You can remove persistent cookies by following directions provided in your web browser’s ‘Help’ file.
For further details about our cookie policy and how our cookies work, read our Cookies Policy.
How We Obtain Your Consent
If our use of your personal information requires your consent, such consent will be provided in accordance with the express written terms which govern our business relationship (which are available on our website(s), as amended from time time), or any other contract we may have entered into with you or as set out in our communication with you from time to time.
If we rely on your consent as our legal basis for Tech and processing your personal information, you have the right to withdraw that consent at any time by contacting us using the contact details set out in this Privacy Policy.
Storage of Your Personal Information and Retention Period
In relation to your personal information, we will hold this for as long as we have a business relationship with you, in a combination of secure computer storage facilities and paper-based files and other records and we take the necessary measures to protect the personal information we hold from misuse, loss, unauthorized access, modification or disclosure.
When we consider that personal information is no longer necessary for the purpose for which it was collected, we will remove any details that will identify you or we will securely destroy the records. However, we may need to maintain records for a significant period of time (after you cease being our client). For example, we are subject to certain anti-money laundering laws which require us to retain the following, for a period of 5 years after our business relationship with you has ended:
- a copy of the documents we used in order to comply with our customer due diligence obligations.
- supporting evidence and records of transactions with you and your relationship with us
Also, the personal information we hold in the form of a recorded communication, by telephone, electronically, in person or otherwise, will be held in line with local regulatory requirements (i.e., 5 years after our business relationship with you has ended or longer if you have legitimate interests (such as handling a dispute with you). If you have opted out of receiving marketing communications, we will hold your details on our suppression list so that we know you do not want to receive these communications.
We may keep your data for longer than 5 years if we cannot delete it for legal, regulatory or technical reasons.
Your Rights Regarding Your Personal Information
1. Information and access
You have the right to request what information we process, along with a copy of that personal information within thirty (30) days from the date of your request. If you require additional copies, we may need to charge an administration fee.
2. Rectification
We will take all reasonable steps to make sure that your personal information remains accurate, complete and up-to-date. If the personal information we hold about you is inaccurate or incomplete, you are entitled to have it rectified. If we have disclosed your personal information to others, we will let them know about the rectification where possible. You may inform us at any time that your personal details have changed by e-mailing us at cs@mex.ae. The Company will change your personal information in accordance with your instructions. To proceed with such requests, in some cases we may need supporting documents from you as proof, i.e. personal information that we are required to keep for regulatory or other legal purposes.
3. Erase
You can ask us to delete or remove your personal information in certain circumstances such as if we no longer need it or you withdraw your consent (if applicable) provided that we have no legal obligation to retain that data. Such request will be subject to any retention limits we are required to comply with in accordance with applicable laws and regulations. If we have disclosed your personal information to others, we will let them know about the erasure where possible.
4. Processing restrictions
You can ask us to ‘block’ or suppress the processing of your personal data in certain circumstances such as if you contest the accuracy of that personal information or object to us processing it. It will not stop us from storing your personal information. We will inform you before we decide not to agree with any requested restriction. If we have disclosed your personal information to others, we will inform about the restriction if possible.
5. Data portability
Under the Data Protection Regulation 2021, you have the right, in certain circumstances, to obtain personal information you have provided us with (in a structured, commonly used and machine-readable format) and to re-use it elsewhere or ask us to transfer this to a third party of your choice.
6. Objection
You can ask us to stop processing your personal information, and we will do so, if we are:
- relying on our own or someone else’s legitimate interests to process your personal information except if we can demonstrate compelling legal grounds for the processing;
- processing your personal information for direct marketing; or
- processing your personal information for research unless we reasonably believe such processing is necessary or prudent for the performance of a task carried out in the public interest (such as by a regulatory or enforcement agency).
7. Opt-out of submitting your personal information
If you do not want us to use your personal information, you must inform the Company by sending an email to info@averidiaTech.ae. If you decide to do so, we may not be able to continue to provide information, services and/or products requested by you and we will have no liability to you in this respect.
Legal Disclaimer
The Company may disclose your personally identifiable information as required by rules and regulations and if the Company believes that disclosure is necessary to protect our rights or to comply with other proceedings, court order, legal process served or pursuant to governmental, intergovernmental or other regulatory bodies. The Company is not liable for misuse or loss of personal information or otherwise on the Company’s website(s) that the Company does not have access to or control over. The Company will not be liable for unlawful or unauthorized use of your personal information due to misuse or misplacement of your passwords, negligent or malicious intervention or otherwise by you or due to your acts or omissions or a person authorized by you (whether or to that authorization is permitted by the terms of our legal relationship with you).
How to Contact Us
If you have any questions or concerns regarding this Privacy Policy, please e-mail us at info@averidiaTech.ae.
Cookies
Cookies are text files containing a small amount of information that are downloaded to your device when you visit a website, and that enable us to recognize your computer when you visit one of our websites. They are an essential tool that we use to keep our websites functioning correctly and securely. We also use them to make things quicker, easier, and more personal to you, and present you with more tailored advertising content.
Cookies are used by most websites to improve their users’ experience and to ensure that content and functions are delivered and used effectively, and they perform various functions.
For example, some cookies are session cookies, which are downloaded to your device temporarily for the period that you browse a website; these cookies might allow you to navigate between pages more efficiently or enable websites to remember the preferences you select. Other cookies are persistent cookies, which can be used to help websites remember you as a returning visitor or ensure the online adverts you receive are more relevant to your specific needs and interests
Use of Cookies
The primary use of cookies on our websites is to:
- enable you to login to our websites;
- enable you to save time and facilitate future access to the site;
- identify how people navigate through our website to improve our Service, content and the effectiveness of our communications;
- collect and share device data to detect and prevent devices associated with fraud and money laundering;
- identify account and device irregularities and detect and prevent fraudulent transactions and abuse of our user accounts and our services.
Averidia Tech Ltd may, from time to time, place cookies on your device to save information (such as username, password, other personal details, e-mail address, technical device information such as the model and its IP address) to make full use of the functionality and services on our website and to allow your browser to identify you as a user. This enables you to not have to re-enter this information each time you visit the Averidia Tech Ltd website. These cookies cannot be used to run programs or deliver viruses to your computer and are uniquely assigned to you. These cookies can only be read by the web server(s) that placed the cookies on your device. You can amend your browser settings at any time to block some or all cookies from Averidia Tech Ltd. However, if you block cookies from Averidia Tech Ltd, some or all the website’s functions may not perform as intended.
| Types | Function | Without these cookies: |
| Essential cookies | They make our websites work correctly, so that you can browse and log in to the secure areas. They also enable us to deliver content so that the sites work correctly on your device, and allow you to: Allow smooth navigation through our websites; Show content in the best format for your device; Keep you logged in, so you do not have to log in every time you want to use our site. | you would not be able to place bets, play games or access your account, so if you disable them parts of our site will not work correctly and may not work at all. |
| Abuse and fraud prevention, AML | Averidia Tech Ltd must abide by local and international laws on the prevention of fraud and Money Laundering. These Cookies help us to protect our users and our business by ensuring that users are genuine, have not registered multiple accounts, and are not fraudulently trying to access accounts that do not belong to them. They also help us to recognize behavior that may indicate fraud, money laundering, illegal activities in general or breaches of our terms and conditions. | you will not be able to use our websites if you do not wish to accept this type of cookie, your only option will be to close your account and/or not use our services. |
| Functionality cookies | They allow us to remember choices you have made, such as your username, help us keep you logged into your account as you navigate around our websites, and enable you to use certain features such as resetting your password. We also use them to personalize your user experience on our sites. | you will still be able to use the site, but may have trouble using certain features, and will need to keep logging in as you navigate around our sites. You will not see content that is relevant to you. |
| Analytical cookies | They collect information about how users and visitors use our websites and how the sites are performing – for example, number of daily visits, most popular pages and whether and where people see error messages. They also ensure we can pay our marketing partners correctly for users they refer to us. They also help us to ensure we can pay our marketing partners correctly for users they refer to us. They also help us to:identify trends about how people use our website; keep our content relevant and up to date; count the number of times a page or email has been viewed and allow us to measure the effectiveness of our content and communication; and improve the functioning of our applications and websites. | you will still be able to use and enjoy all the online features of our websites. |
| Targeting cookies | These are used to deliver adverts and content more relevant to you, as well as to limit the number of times you see a particular advertisement and to measure the effectiveness of advertising campaigns. These cookies remember that you have visited our website, and we may share this information with other organizations for advertising purposes. We also use them to test and improve our products and services. | you will be able to use and enjoy all the features of our websites but the adverts you see will not be tailored to your interests. |
The table below shows examples of the types of cookies we use.