Privacy Policy

The Monex Group ("we", "our" or "us") comprises multiple legal entities, including but not limited to, Monex Europe Limited and Monex Europe Markets Limited. Members of the Monex Group may process certain personal data about you, depending on the scope of your specific relationship with us. This processing of personal data is regulated under the General Data Protection Regulation (2016/679) (the GDPR) and the e-Privacy Directive (2002/58/EC), which both apply across the European Union (including the United Kingdom) (together referred to as the Data Protection Laws). We are responsible as "controller" of your personal data for the purposes of those laws.

This Privacy Notice applies to the following three circumstances:

1. personal data processed when you visit and use our website;
2. any natural person that has been contacted through our direct marketing strategy, either via phone or email; and
3. personal data processed to service our potential and existing clients.

We will comply with the principles set out in the GDPR, which states that the personal data we hold about you must be:

• used lawfully, fairly and in a transparent way;
• collected only for valid purposes that we have clearly explained to you;
• relevant to the purposes we have told you about and limited only to those purposes;
• accurate and kept up to date;
• kept only as long as necessary for the purposes we have told you about; and
• kept securely.

Personal data means any information about an individual from which that person can be identified. It does not include data where your identity has been removed, such as anonymous data.

4.1 Personal data gathered from you

4.1.1 Website

When you visit our website, and navigate your way around, we acquire minimum personal data at this stage. The personal data we collect includes the following:

• information about your computer or device, including browser type and settings;
• log data – the webpage you were visiting before you came to our site, pages you visit on our site, time spent on those pages, information you search for on our site, IP address, access times/dates, and other statistics;
• history of interaction with our webpages, including traffic data relating to your internet connection; and/or
• other personal data that does not directly identify you, such as actions taken on our website.

Providing your data is optional, but it may be necessary for certain services we provide, and other processing activities e.g. to access content, or to qualify your suitability as a new customer. In such cases, if you do not provide your personal data, we may not be able to provide you with the requested services.

4.1.2 Marketing

We collect personal data that you provide directly to us only if you respond to our marketing campaigns. This personal data is collected throughout communication with us, such as call logs and email exchanges with our staff.

4.1.3 Client

We collect the following personal data that you provide to us at onboarding: name; email address; telephone number; address; nationality; date of birth; identification documents (and their attached personal data); and signature.

We collect the following personal data that you provide to us throughout the business relationship: account activity, including payment instructions; communications with our staff; and usage of online portals.

4.2 Personal data from other sources

4.2.2 Marketing

If we have contacted you during a marketing campaign, we may have collected personal data on you which could include: name (including any designatory letters you have attached); date of birth; country of residence; corporate email address; corporate telephone number; and occupation.

We collect this personal data from third parties who, in turn, may gather the data from publicly accessible sources, including but not limited to LinkedIn, Companies House, and news sources.

4.2.3 Client

We may receive personal data about you from other sources, where applicable. This information includes: credit information; credit references; business partners, introducers, service providers; and legal and compliance checks. We will add this information to the personal data we hold about you to check customer creditworthiness; to check for possible fraudulent activity; comply with our legal obligations; and to improve and personalise our service.

Please note that we will ask for your explicit consent before any credit search is performed, and this search is only required for certain products and services.

4.3 Cookies and similar technologies

Cookies are small text files that are placed on your computer or device by websites that you visit or HTML-formatted emails you open. You can access our Cookies Policy on our website [https://www.monexeurope.com/cookie-policy/].

5.1 Website

We use your personal data mainly to: interact with you; to provide you with support services; to make it easy to navigate our website; to improve our website and our products; and to offer you content and services that might interest you.

We may also use your personal data where processing is necessary for us to comply with our legal obligations, including responding to legal process or lawful requests.

5.2 Marketing

We collect personal data about you in order to directly market services that we legitimately believe will be of interest to you. This data is used exclusively to communicate with you and discuss how we can help you.

If you contact us to discuss any topic or issue, we may monitor and record communications such as emails and telephone calls for the following purposes: quality assurance; training; fraud prevention; gathering statistical data for management information; and compliance with relevant laws.

5.3 Client

We collect personal data about our users for the following purposes: onboarding; identify you and manage any accounts you hold with us; sending contract notes; complying with regulation; process your trades; and statistical analysis and behavioural analysis.

We may share your personal information with other group companies, affiliates and other third parties to help us process your personal information for the purposes set out in this Privacy Notice. This may include:

• members of the Monex Group depending on your requested products and services;
• contractors, sub-contractors, business partners, introducers, suppliers and/or service providers that help us perform our business functions;
• credit reference agents in accordance with our credit checking policy;
• law enforcement agencies in connection with any investigation to help prevent unlawful activity;
• legal representatives and consultants in situations where expert advice and legal opinions are required; and/or
• processors that maintain our IT systems.

Your personal data is never sold and any personal data that is shared is in line with the Data Protection Laws.

We collect and use personal data to provide you with a service or product that you have requested, or where necessary, to comply with a legal obligation. We may also collect and use personal data pursuant to the Monex Group's legitimate interest as long as these interests are not overridden by your data protections rights. Additionally, we may collect and use certain personal data where you have given consent. Where the Monex Group asks for consent, you are free to withhold or revoke your consent by opting out.

We rely on the legal basis "legitimate interest" and "consent" in order to market to you, with considerations to the e-Privacy Directive and its requirements under consent.

We will keep your personal data in line with our Data Retention Policy. This allows the Monex Group entities to perform the activities listed in this Privacy Notice. We will maintain your personal data throughout the lifecycle of the contract. We may need to keep your data for a longer period where we need to retain personal data to comply with legal or regulatory requirements, such as to help us respond to complaints or preventing fraud and financial crime. If we are not required to retain the personal data, we will destroy, delete or anonymise it at the point it is no longer required.

We store your personal data in a secure environment. We have appropriate security measures in place to prevent personal data from being lost, accessed or used in an unauthorised way, including encryption and other forms of security. We limit access to your personal data to those who have a genuine business need to know it. Those processing your personal data will do so only in an authorised manner and are subject to a duty of confidentiality.

We also have procedures in place to deal with any suspected data security breach. We will notify you and any applicable regulator of a suspected data security breach where we are legally required to do so.

Whilst we will use all reasonable efforts to secure your personal data, in using the website you acknowledge the use of the internet is not entirely secure and for this reason we cannot guarantee the security or integrity of personal data that is transferred from you.

Your personal data may be transferred to and stored in locations outside of the UK, such as the European Economic Area. When we do this, we will ensure the recipient entity has an appropriate level of protection and that the transfer is lawful through controls, such as Standard Contractual Clauses. We may need to transfer your data in this way to carry out our contractual obligations to you, to fulfil a legal obligation and/or for our legitimate interests. In such instances, we will only share the personal data with those who have the right to see the personal data.

We would like to send you information about products, services and our business, which may be of interest to you. Such information could be sent by post, email, or telephone. How we market to client and potential clients differs and is explained below.

11.1 Client

We will ask whether you would like us to send you marketing messages on the first occasion that you provide any relevant contact information (i.e. on signing up to trade with us). If you do opt in to receive such marketing from us, you can opt out at any time. If you have any queries about how to opt out, or if you are receiving messages you do not want to, you can contact us using the details provided below.

11.2 Potential client

You may be sent marketing information, in this instance the personal data has been collected and processed in line with the previously described processes in sections 4.1.2, 4.2.2 and 5.2.

We may do a credit check on you so that we can make credit decisions about you and prevent financial crime. Any such search will be recorded on the files of the credit reference agency.

We may also disclose personal data about how you conduct your account to credit reference agencies and your personal data may be linked to records relating to other people living at the same address with whom you are financially linked.

Other credit businesses may use your personal data to make credit decisions about you and the people with whom you are financially associated; trace debtors; and prevent and detect financial crime. If you provide false or inaccurate information to us and we suspect fraud, we will record this.

We would like to make sure you are fully aware of all your data protection rights.

The right to access – You have the right to request us for copies of your personal data and how we process the data.

The right to rectification – You have the right to request that we correct any personal data you believe is inaccurate. You also have the right to request we complete personal data you believe is incomplete.

The right to erasure – You have the right to request that we erase your personal data, under certain conditions. If you enforce this right at the same time as you object to the processing we will have to maintain basic identification data to ensure we do not contact you again.

The right to restrict processing – You have the right to request that we restrict the processing of your personal data, under certain conditions.

The right to object to processing – You have the right to object to our processing of your personal data, this means if you do not want to be contacted for the purposes set out in this notice then we will stop processing your data.

The right to data portability – You have the right to request that we transfer the data that we have collected to another organisation, or directly to you, under certain conditions.

If you make a request, we have one month to respond to you.

This Privacy Notice was published on 1st January 2018. The last update was on 15 July 2021.

We may update or amend this Privacy Notice from time to time. You should check this Privacy Notice frequently to ensure you are aware of the most recent version that will apply each time you access this website. We will also attempt to notify users of any changes by email if you have opted to receive emails, and/or a notice on the website header.

If you have any questions about this Privacy Notice or the personal data we hold about you, please contact us by:

Email – enquiries@monexeurope.com

Post – Monex Europe Limited, 1 Bartholomew Lane, London, EC2N 2AX.

If you have any complaints about this Privacy Notice or the personal data we hold about you, please contact us by reaching out to the above contact information.

If you are unsatisfied by our response you can contact the Information Commissioners Office (ICO) by contacting:

Contact number: 0303 123 1113
Website: https://ico.org.uk/make-a-complaint/