PRIVACY POLICY – YL Market

1. Introduction

1.1 The Client acknowledges and agrees that by opening a trading account and entering into a Client Agreement with YL Market, the Client will be providing YL Market with personal data within the meaning of EU General Data Protection Regulation 2016/679 (“Personal Data”). The Client acknowledges and agrees that the Personal Data shall be processed by YL Market in accordance with the Client Agreement and this Privacy Policy available on YL Market‘s website.

1.2 By accessing YL Market‘s website, the Client undertakes that the Client has read, understood, and accepted the terms of the Privacy Policy. The Client’s usage or continued usage of YL Market‘s Services shall also be taken as the Client’s consent to be legally bound by this Privacy Policy.

1.3 The Client acknowledges that YL Market reserves the right to amend or update this Privacy Policy at any time without prior notice to the Client. The amendments to the Privacy Policy shall become effective immediately and shall be legally binding on the Client upon publishing of the Privacy Policy on YL Market‘s website. The Client undertakes to regularly review this Privacy Policy on YL Market‘s website.

1.4 The official language of this Privacy Policy shall be English. YL Market may provide this Privacy Policy in other languages for information purposes only and in the event of any inconsistency or discrepancy between the English version of this Privacy Policy and any other language version, the English version shall prevail.

2. Definitions And Interpretations

2.1 Throughout this Privacy Policy, unless the context otherwise requires, the following words and expressions shall bear the following meanings:

(a) “Account” means the assigned account that is created for the Client when the Client opens a trading account with YL Market, including but not limited to trading account, cash account, financial derivatives account, and electronic wallet.

(b) “Applicable Statutes And Regulations” means:

(i) statutes, rules, or orders of the Relevant Regulatory Authorities;
(ii) statutes, rules, or orders of the relevant regulatory authorities in the Client’s jurisdiction;
(iii) the rules of the relevant financial exchange market;
(iv) all other applicable laws to this Agreement (and each as amended from time to time as applicable to this Agreement).

(d) “YL Market” means YL Market Limited, a registered and licensed financial brokerage company operating under the laws and regulations of the Autonomous Island of Mwali (Mohéli), Comoros Union, authorized by Mwali International Services Authority under License No. BFX2024097.

(e) “Personal Data” means personal data within the meaning of the EU General Data Protection Regulation 2016/679.

(f) “Relevant Regulatory Authorities” means the relevant regulatory authorities applicable to YL Market‘s business operation and service providers, including but not limited to Mwali International Services Authority, European Securities and Markets Authority (ESMA), and other relevant financial regulators.

(g) “Services” means the trading services provided by YL Market to the Client within the trading platform.

(h) “Trading Platform” means YL Market‘s electronic trading platform facility.

(i) “Transaction” or “Transactions” means:

(i) the opening or closing of trades, orders, or positions;
(ii) deposits, withdrawals, internal fund transfers, and all other fund movement activities, whether by YL Market or the Client, in accordance with the terms of this Agreement.

3. Personal Data Collected

3.1 If the Client is a potential customer, Personal Data collected by YL Market includes but is not limited to:

(a) Personal details (e.g., name, telephone number, email address).
(b) Identity verification documents (e.g., ID, passport, utility bills).
(c) Financial details (e.g., bank account, payment card information).
(d) Information about income, assets, and liabilities, including trading statements.
(e) Profession and employment details.
(f) Transaction data, including details related to all trading activities.
(g) Usage data, including browsing history on YL Market‘s website.
(h) Technical information, such as device details, operating system, and time zone.

3.2 YL Market also uses cookies on its website to customize the user experience based on the Client’s preferences.

4. Purpose of Personal Data Collected

4.1 The Client consents and allows YL Market to process the Personal Data:

(a) To perform YL Market‘s contractual obligations under the Client Agreement.
(b) To perform Know Your Customer (KYC) and Anti-Money Laundering (AML) checks as required by applicable laws.
(c) To monitor and record communications for quality improvement.
(d) To manage the Client’s account and provide customer support.
(e) To provide suitable marketing materials.

5. Disclosure of Personal Data

5.1 YL Market may share Personal Data with third parties:

(a) Under any Applicable Statutes And Regulations.
(b) In compliance with legal and regulatory obligations.
(c) When required for risk management and fraud prevention.
(d) To auditors, consultants, and professional advisers.
(e) When the Client has provided explicit consent.

6. Transfer of Personal Data

6.1 YL Market shall not transfer any Personal Data outside the European Economic Area (EEA) unless:

(a) It is required under Applicable Statutes And Regulations.
(b) It is necessary for contractual obligations.
(c) The Client has provided consent.

6.2 YL Market ensures that data transfers comply with appropriate security measures and GDPR requirements.

7. Retention Period

7.1 YL Market shall retain the Client’s Personal Data as long as the Client’s account remains active and for up to seven years after account closure, subject to applicable laws.

7.2 A request for data deletion may result in termination of the Client’s account.

8. Management of Personal Data

8.1 YL Market implements high industry standards for data security and encryption to protect Personal Data.

8.2 Employees handling Personal Data undergo regular training to ensure compliance with privacy policies.

8.3 While YL Market follows stringent security protocols, it cannot guarantee absolute protection against third-party cyber threats beyond its control.

9. Client’s Rights

9.1 Under GDPR, the Client has the right to:

(a) Access and inquire about their Personal Data.
(b) Request correction or amendment of Personal Data.
(c) Restrict processing of Personal Data.
(d) Object to direct marketing activities.
(e) Request deletion of Personal Data.

10. Contact

10.1 If the Client has any concerns regarding this Privacy Policy, they may contact YL Market through the following channels:

Email: support@ylbrokers.com
Registered Address: Bonovo Road, Fomboni, Island of Mohéli, Comoros Union

This Privacy Policy is legally binding and governs the collection, processing, and use of Client data by YL Market.