This notice sets out how we collect and use your personal data in compliance with the General Data Protection Regulation (GDPR), and before 25 May 2018, the Data Protection Act 1998.
The London Trading Company (UK) Ltd, registered address Lansdowne House, 57 Berkeley Square, Mayfair, London, W1J 6ER, United Kingdom, who is authorised and regulated by the Financial Conduct Authority, FRN: 678985.
You may contact us with any queries or complaints regarding our use of personal data by emailing us at email@example.com or calling us at +44 (0)20 3907 9400.
When you sign up for our services we will obtain personal data from you, including:
We use this data in order to enter into a services contract with you, to assess your suitability and risk appetite (if you are signing up for an advisory or asset management service), and to comply with our legal and regulatory obligations, suchas the FCA’s Handbook rules and the Money Laundering Regulations 2017.
All the personal data we obtain will be collected and processed in accordance with one of the below lawful bases for processing:
In some circumstances we may rely on our legitimate interests for processing your personal data and sharing this with third parties (for more on who we share data with on this basis, see below).
Our “legitimate interests” in this context can be defined as a general commercial interest in providing a broad range of services to our clients and growing our core client base by way of marketing activity.
All electronic copies of the personal data we collect will be held securely, in encrypted format, on secure servers. All physical copies will be kept in locked filing cabinets within our principle place of business.
We may share your data with our legal advisors in circumstances where there is contemplation of any relevant litigation or legal action.
In accordance with our legitimate interests, we may share your data with other members of our group, including:
We will do so in order to offer you the broadest range of services possible and put you in touch with other members of our group should it become clear that you may require the services that they offer. You can opt out of this sharing at any time by contacting us using the contact details above.
If necessary we will also pass your data on to the execution platforms and custodians we use in order to set up your account and provide the necessary services to you. These include:
The personal data we hold will never be transferred outside the EU for any reason. If this changes, we will reflect this in an updated Privacy Notice.
You may explicitly consent to us passing on certain details to third parties for general marketing purposes. You may be given the option to provide this consent during the sign-up process with The London Trading Company. We will never assume that you have given us consent unless you explicitly do so, and you may withdraw your consent at any time by contacting us.
You have various rights in relation to the personal data we collect, including the “right to portability” and the “right to erasure” (otherwise known as the right to be forgotten). We will comply with these requests if we are legally obliged to do so, and your rights change depending on the legal basis upon which we are processing your information (see this ICO guidance for more information). Should you wish to assert any of these rights, please get in touch with us using the contact details provided above.
Please note that you cannot request the erasure of the AML/KYC information we hold as we must retain this information under UK law.
We will only keep your personal data for as long as is necessary. This means that we will retain your personal data for as long as we have an active contract or business relationship with you, and after this, we will only keep your data for as long as is necessary to comply with the FCA’s record keeping rules and retention periods mandated by the Money Laundering Regulations 2017, as well as any other relevant legislation.
As outlined above, some of the personal data you provide to us will be used in order to enter into a contract with you and to comply with our legal obligations.
Should you refuse to provide us with this data or make a request for erasure, it is likely that we will be unable to continue with our client onboarding process, or would have to terminate our existing contractual relationship.
Should you refuse to provide or update us with the data we need to comply with our legal obligations, such as AML/KYC information, we will be unable to open an account or continue an existing business relationship with you.
If you feel that we have not been complying with our obligations on data protection law or you wish to assert one of your rights, please contact us without delay using the contact details provided above.
Should you be dissatisfied with our response or wish to complain to the relevant supervisory authority, you can do so by contacting the Information Commissioner’s Office (ICO). Contact details for the ICO can be found on this webpage:
The investment services and products described on this website are directed exclusively to the professional investment community. “Retail Clients” as defined by the Financial Conduct Authority should not proceed to enter this site. If you are in any doubt as to your client classification you should seek independent advice.
Further our services are not directed at residents of the United States or to any person in any jurisdiction where (by reason of that person’s nationality, residence of otherwise) such services are prohibited.
Warning: The value of investments can fall and you may get back less than you invested. Additionally dealing in margined products such as CFDs involves a high level of risk and you can lose more than your original investment. Please ensure you understand the risks involved and seek professional financial advice if necessary.
You should not deal in margined products such as CFDs unless you understand their nature and the extent of your exposure to risk. You should also be satisfied that the product is suitable for you in the light of your circumstances and financial position.
Although CFDs can be utilised for the management of investment risk, it may not be suitable for some investors. In deciding whether to trade in CFDs, you should be aware of the following points. CFDs can only be settled in cash. Investing in a CFD carries the same risks as investing in a future or an option or other derivative product. Transactions in CFDs may also have a contingent liability and you should be aware of the implications of this as set out below.
Contingent liability investment transactions, which are margined, require you to make a series of payments against the purchase price, instead of paying the whole purchase price immediately. If you trade in CFDs, you may sustain a total loss of the margin you deposit with your firm to establish or maintain a position. If the market moves against you, you may be called upon to pay substantial additional margin at short notice to maintain the position. If you fail to do so within the time required, your position may be liquidated at a loss and you will be responsible for the resulting deficit. Even if a transaction is not margined, it may still carry an obligation to make further payments in certain circumstances over and above any amount paid when you entered the contract.
Before you begin to trade, you should obtain details of all commissions and other charges for which you will be liable. If any charges are not expressed in money terms (but, for example, as a percentage of contract value), you should obtain a clear and written explanation, including appropriate examples, to establish what such charges are likely to mean in specific money terms. For example in the case of CFDs, when commission is charged as a percentage, it will normally be as a percentage of the total contract value, and not simply as a percentage of your initial payment.I understand