Privacy Policy
Your privacy is fundamental to our operations. This policy explains how Oillyded International Ltd collects, uses, protects, and manages your personal information in accordance with applicable data protection laws.
Last Updated: January 2025
This Privacy Policy describes how Oillyded International Ltd ("we," "our," or "us") collects, uses, discloses, and safeguards your information when you visit our website oillyded.com, use our trading platform and related services (collectively, the "Services"). Please read this privacy policy carefully. If you do not agree with the terms of this privacy policy, please do not access the site or use our Services.
Information We Collect
Personal Data
We collect personal information that you voluntarily provide to us when you:
- Register for an account on our trading platform
- Complete forms for account verification and KYC (Know Your Customer) procedures
- Make deposits or withdrawals
- Place trades or execute transactions
- Subscribe to our newsletters or marketing communications
- Contact our customer support team
- Participate in surveys, contests, or promotional activities
Types of Personal Information
Identification Information
- • Full name and date of birth
- • Government-issued ID documents
- • Proof of address
- • Tax identification numbers
Financial Information
- • Bank account details
- • Credit/debit card information
- • Investment experience and risk tolerance
- • Financial statements and income verification
Automatically Collected Information
When you use our Services, we may automatically collect certain information about your device and usage patterns:
- IP address and location data
- Browser type and version
- Operating system
- Device identifiers
- Access times and duration of visits
- Pages viewed and navigation patterns
- Trading activity and transaction history
- Cookies and similar tracking technologies
How We Use Your Information
Primary Purposes
We process your personal information for the following legitimate business purposes:
Account Management
- • Account creation and verification
- • Identity verification and KYC compliance
- • Profile management and updates
- • Security monitoring and fraud prevention
Trading Services
- • Order processing and execution
- • Portfolio management and reporting
- • Risk assessment and compliance
- • Settlement and clearing services
Legal and Regulatory Compliance
As a regulated financial services provider, we must process your information to:
- Comply with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations
- Meet Know Your Customer (KYC) requirements
- Satisfy tax reporting obligations
- Respond to regulatory inquiries and examinations
- Maintain required records and documentation
- Detect and prevent fraudulent activities
Communication and Marketing
We use your information to:
- Send important service notifications and updates
- Provide customer support and respond to inquiries
- Send newsletters and educational content about trading
- Notify you about new products, services, and features
- Conduct market research and improve our Services
Information Sharing and Disclosure
Third-Party Service Providers
We may share your information with trusted third-party service providers who assist us in operating our business:
- Payment processors and banking partners
- KYC and identity verification services
- Technology infrastructure providers (hosting, analytics)
- Legal and compliance consultants
- Customer support platforms
- Marketing and communication service providers
Legal Requirements
We may disclose your information when required by law, regulation, or legal process, including:
- Responding to court orders, subpoenas, or regulatory requests
- Complying with AML/CTF reporting obligations
- Protecting our rights, property, or safety
- Investigating fraud or security incidents
- Enforcing our terms of service and user agreements
Business Transfers
In the event of a merger, acquisition, or sale of assets, your personal information may be transferred as part of the transaction. We will notify you of any such change and obtain your consent where required by applicable law.
Data Security and Protection
Security Measures
We implement comprehensive security measures to protect your personal information:
Technical Safeguards
- • 256-bit SSL encryption for data transmission
- • Multi-factor authentication for account access
- • Regular security audits and penetration testing
- • Secure cloud infrastructure with redundancy
Operational Security
- • Strict employee access controls and training
- • Physical security for data centers
- • Incident response and breach notification procedures
- • Regular backup and disaster recovery protocols
Data Retention
We retain your personal information for as long as necessary to fulfill the purposes outlined in this policy, unless a longer retention period is required or permitted by law:
- Account information: Throughout your relationship with us and for 7 years after account closure
- Trading records: 7 years from the date of each transaction
- KYC documents: 5 years after the end of the customer relationship
- Communication records: 3 years from the date of communication
- Marketing data: Until you unsubscribe or withdraw consent
International Data Transfers
Your personal information may be transferred to and processed in countries other than your country of residence. We ensure appropriate safeguards are in place, including Standard Contractual Clauses approved by the European Commission, to protect your information during international transfers.
Your Rights and Choices
Access and Portability
You have the right to:
- Access the personal information we hold about you
- Receive a copy of your data in a portable format
- Request correction of inaccurate or incomplete information
- Update your personal information through your account settings
Deletion and Restriction
Subject to legal and regulatory requirements, you may have the right to:
- Request deletion of your personal information
- Restrict or object to certain processing activities
- Withdraw consent for marketing communications
- Object to automated decision-making processes
How to Exercise Your Rights
To exercise any of these rights, please contact us using the information provided below. We will respond to your request within the timeframe required by applicable law (typically within 30 days).
Contact Information for Privacy Requests
Email: privacy@oillyded.com
Phone: +44 20 3885 9122
Address: Data Protection Officer, Oillyded International Ltd, 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom
Cookie Preferences
You can manage your cookie preferences through:
- Our cookie consent banner on your first visit
- Your browser settings to disable or delete cookies
- Our cookie preference center (accessible via the website footer)
For more detailed information about our use of cookies, please refer to our Cookie Policy.
Children's Privacy
Our Services are not intended for individuals under the age of 18. We do not knowingly collect personal information from minors. If we become aware that we have collected personal information from a child under 18, we will take steps to delete such information promptly. Parents or guardians who believe their child has provided us with personal information should contact us immediately.
Updates to This Privacy Policy
We may update this Privacy Policy from time to time to reflect changes in our practices, technology, legal requirements, or other factors. When we make material changes, we will:
- Post the updated policy on our website with a new "Last Updated" date
- Send email notifications to registered users about significant changes
- Provide prominent notice on our platform before the changes take effect
- Obtain your consent for changes that materially affect your rights
We encourage you to review this Privacy Policy periodically to stay informed about how we protect your information. Your continued use of our Services after any changes constitutes acceptance of the updated policy.
Contact Us
If you have any questions, concerns, or requests regarding this Privacy Policy or our data practices, please don't hesitate to contact us:
Oillyded International Ltd
Address
71-75 Shelton Street
Covent Garden
London, WC2H 9JQ
United Kingdom
Phone
+44 20 3885 9122
info@oillyded.com
Business Hours
Data Protection Officer
For privacy-related inquiries and requests:
privacy@oillyded.com
Related Policies
Please review our other important policies to understand how we handle your information: