Privacy Policy

General

Magic Compass Limited, (Registration No. ΗΕ 341562, Address: Sarlo 9, 4106 Ayios Athanasios, Limassol, CYPRUS, Cysec License:299/16) and its affiliates (“MC Prime”, “we”, “us” or “our”) are committed to protecting and respecting the privacy of every user of our Platform and/or our services/products (the “User” or “you”). This privacy policy (this “Privacy Policy”) (together with our Terms and Conditions of Use published (the “Terms of Use”)) governs our collection, keeping, processing, sharing and other uses of your Personal Information. “Personal Information” refers to information which identifies you personally, including but not limited to your name, address, e-mail address and trades. Any capitalized terms shall have the same meaning as provided under the Terms of Use, unless specified or defined otherwise in this Privacy Policy.

The purpose of this Privacy Policy is to inform you of:

(1) who is MC Prime and how you may contact us; (2) the kinds of Personal Information which we may collect about you, the reasons for collecting the information, how it may be used and for how long we will keep it; (3) our use of information regarding Internal Protocol addresses (“IP Addresses”) and our use of cookies; (4) any disclosure of your Personal Information to third parties; (5) your ability to access, correct, update, restrict the use of, ask us to transfer and/or delete your Personal Information; (6) the extent of automated decision-making or profiling that we may carry out using your Personal Information; (7) the security measures we have in place to prevent loss, misuse, or alteration of your Personal Information under our control; and (8) your rights to lodge a complaint.

Who is MC Prime

MC Prime has designed, and manages and operates a professional platform providing multi-functional Cryptocurrency Contracts and related services, trusted by a lot of users. We offer cross-platform trading via websites and mobile applications, providing access to high liquidity orderbook for top Cryptocurrency Contract pairs on the market.

Gathering and Use of Personal Information

We may collect your Personal Information if you use MC Prime and open an Account to use the Platform or perform any Transactions on the Platform. The types of Personal Information which we collect may include: (1) your name; (2) the country/place of your residence and citizenship; (3) your photographic identification; (4) details regarding your identity documents (including your driver license and passport), including the number of the documents, the date of issue and expiration, the photographic identification and the address; (5) your address; (6) your phone number; (7) your e-mail address; (8) your IP address, browser and operating system information; (9) your banking details including account numbers; (10) your date of birth; and (11) your trades. (12) other information to help us identify you Automatically Collected information: we automatically collect and store certain types of information about your use of MC Prime Services including your interaction with content and services available through MC Prime Services. Like many websites, we use cookies and other unique identifiers and we obtain certain types of information when your web browser or device accesses MC Prime Services. Examples of the information we collect and analyse include: (1) the Internet protocol (IP) address used to connect your computer to the Internet; (2) login, e-mail address, password and location of your device or computer; (3) MC Prime Services metrics (e.g., the occurrences of technical errors, your interactions with service features and content, and your settings preferences); (4) version and time zone settings; (5) transaction history; Information from other sources: we may receive information about you from other sources such as credit history information from credit bureaus, which we use to help prevent and detect fraud.

For What Purposes Does MC Prime Process My Personal Information?

We process your personal information to operate, provide, and improve the MC Prime Services that we offer our users. These purposes include:(1) Transaction services. We use your personal information to take and handle orders, process payments, and communicate with you about orders and services, and promotional offers.(2) Provide, troubleshoot, and improvinae MC Prime Services. We use your personal information to provide functionality, analyse performance, fix errors, and improve the usability and effectiveness of MC Prime Services.(3) Recommendations and personalisation. We use your personal information to recommend features and services that might be of interest to you, identify your preferences, and personalise your experience with MC Prime Services.(4) Comply with legal obligations. In certain cases, we collect and use your personal information to comply with laws and regulations. For instance, we collect bank account information for identity verification and other purposes.(5) Communicate with you. We use your personal information to communicate with you in relation to MC Prime Services.(6) Fraud prevention and credit risks. We process personal information to prevent and detect fraud and abuse in order to protect the security of our users, MC Prime Services and others. We may also use scoring methods to assess and manage credit risks.(7) Purposes for which we seek your consent. We may also ask for your consent to process your personal information for a specific purpose that we communicate to you. When you consent to our processing your personal information for a specified purpose, you may withdraw your consent at any time and we will stop processing of your data for that purpose.

We will process your Personal Information only for the purpose(s) of providing you with Service(s) that you ask us to provide and to satisfy the legal and regulatory obligations arising out of and resulting from providing you with the Service(s).

We may use your Personal Information for the following purposes: (1) to allow you to open and operate an Account on the Platform; (2) to enable you to complete Transactions on the Platform; (3) if you contact us, to reply to your queries; (4) to analyze use of the Platform; (5) as required for regulatory purposes including tax, prevention of money laundering, terrorism financing, transacting with sanctioned subjects and other similar illegal activities, prevention of fraud and adherence to company statistical reporting obligations (pursuant to law, listing rules or otherwise); (6) to provide you with information about products and promotions that may be of interest to you, from ourselves and third parties, only if you have specifically agreed to receive such information; and (7) for market research e.g. surveying our Users` needs and opinions on issues, such as our performance etc. Unless consented, your data for this purpose would be anonymized. IP AddressesWe may collect information about your computer, including where available your IP Address, operating system and browser type, for system administration and to report aggregate information to our advertisers. This is statistical data about our users` browsing actions and patterns and will not be used to identify any individual unless that same individual. CookiesWe use a browser feature known as a “cookie”, which assigns a unique identification to your computer. Cookies are typically stored on your computer`s hard drive. Information collected from cookies is used by us to evaluate the effectiveness of the Platform, analyse trends, and administer the Platform. The information collected from cookies allows us to determine such things as which parts of the Platform are most visited and difficulties our visitors may experience in accessing the Platform. With this knowledge, we can improve the quality of your experience on the Platform by recognizing and delivering more of the most desired features and information, as well as by resolving access difficulties. We also use cookies and/or a technology known as web bugs or clear gifs, which are typically stored in emails to help us confirm your receipt of, and response to, our emails and to provide you with a more personalized experience when using the Site. We may use third party service provider(s), to assist us in better understanding the use of the Platform. Our service provider(s) may place cookies on the hard drive of your computer and may receive information that we select that will educate us on such things as how visitors navigate around the Platform, what products are browsed, and general Transaction information. Our service provider(s) may analyse this information and provide us with aggregate reports. The information and analysis provided by our service provider(s), if any, will be used to assist us in better understanding our visitors` interests in the Platform and how to better serve those interests. The information collected by our service provider(s) may be linked to and combined with information that we collect about you while you are using the Platform. Our service provider(s), if any, will be contractually restricted from using information they receive from the Platform other than to assist us. By accessing the Platform and/or using any of the Services you are agreeing that we may use cookies for the purposes set out above. The company will keep records of all transfers of the Personal Information to any third party and that information, where possible, may be provided to you upon request.

Disclosure of Cookies and Other Identifiers

We use cookies and similar tools to enhance your user experience, provide our services, and understand how customers use our services so we can make improvements. To enable our systems to recognise your browser or device and to provide MC Prime Services to you, we use cookies.We use operational cookies and similar tools (collectively, “cookies”) to provide our services, for example:(1) Recognising you when you sign-in to use our services.(2) Providing customised features and services.(3) Displaying features and services which might be of interest to you, including ads on our services.(4) Preventing fraudulent activity.(5) Improving security.(6) Keeping track of your preferences such as currency and language.(7) We also use cookies to understand how users use our services so we can make improvements. The settings on your browser will tell you how to prevent your browser from accepting new cookies, how to have the browser notify you when you receive a new cookie, how to disable and remove cookies, and when cookies will expire.Operational cookies allow you to take advantage of some of MC Prime essential features. If you block or otherwise reject operational cookies through your browser settings some features and services may not work.

Disclosure of Personal Information

We use the Personal Information for the purposes indicated at the time you provide us with such information, and/or otherwise for the purposes set out in this Privacy Policy and/or as otherwise permitted by the Laws. We may make available the Personal Information that you provide to us to our affiliates, agents, representatives, trusted service providers and contractors for these limited purposes as you expressly consent herein or otherwise for and during the provision of the Services that you would have requested. We may also share your Personal Information with financial institutions, insurance companies or other companies in case of a merger, divestiture, or other corporate re-organization, who are under a confidentiality obligation and have contractually obliged to use your Personal Information only for the purpose of the corporate re-organization, We will notify you of such sharing of your information to be able to exercise any of your rights where applicable. We have a legal obligation to cooperate with relevant law enforcement or regulatory agencies. Therefore, we may share your Personal Information with the law enforcement or regulatory agencies, as may be required by the Laws. We may not be able to inform you of such sharing of data prior to or after such sharing due to legal restrictions. Any third party which receives or has access to the Personal Information shall be required by us to protect such Personal Information and to use it only to carry out the services they are performing for you or for MC Prime, unless otherwise required or permitted by the Laws. Such a third party, except for regulatory authorities, would be contractually bound to adhere to the same or similar security, and privacy policies as MC Prime and assume the same or similar responsibilities as MC Prime. You will also be notified whenever any such third party has been given access to your Personal Information (other than the access given to the law enforcement or regulatory agencies). We will ensure that any such third party (other than the law enforcement or regulatory agencies) is aware of our obligations under this Privacy Policy and we will enter into contracts with such third parties by which they are bound by an obligation to protect the Personal Information disclosed to them same or similar to the obligations we undertake to you under this Privacy Policy.

Does MC Prime Share My Personal Information?

Information about our users is an important part of our business and we are not in the business of selling our users’ personal information to others. MC Prime shares users’ personal information only as described below and with the subsidiaries or affiliates of MC Prime that are either subject to this Privacy Notice or follow practices at least as protective as those described in this Privacy Notice.Third party service providers: We employ other companies and individuals to perform functions on our behalf. Examples include analysing data, providing marketing assistance, processing payments, transmitting content, and assessing and managing credit risk. These third-party service providers have access to personal information needed to perform their functions, but may not use it for other purposes. Further, they must process the personal information in accordance with this Privacy Notice and as only permitted by applicable data protection laws.Business transfers: As we continue to develop our business, we might sell or buy other businesses or services. In such transactions, user information generally is one of the transferred business assets but remains subject to the promises made in any pre-existing Privacy Notice (unless, of course, the user consents otherwise). Also, in the unlikely event that MC Prime or substantially all of its assets are acquired, user information will be one of the transferred assets.Protection of MC Prime and others: We release account and other personal information when we believe release is appropriate to comply with the law or with our regulatory obligations; enforce or apply our Terms of Use and other agreements; or protect the rights, property or safety of MC Prime, our users or others. This includes exchanging information with other companies and organisations for fraud protection and credit risk reduction.

International transfers of personal data

MC Prime puts in place suitable safeguards to ensure that such transfer is carried out in compliance with applicable data protection rules, except where the country to which the data is transferred has already been determined by the European Commission to provide an adequate level of protection. Where MC Prime transfers personal data to affiliates or service providers, MC Prime relies on the standard contractual clauses approved by the European Commission.

Your rights

You have the right to access your Personal Information and to require the correction, updating and blocking of inaccurate and/or incorrect data by sending an email to us at MC Prime or, where possible, you can do these actions in your account profile page yourself. Upon your written request submitted to contact our customer service staff, we will inform you of the Personal Information relating to you that we hold and the use and disclosure of your Personal Information. We will also give you a copy of the Personal Information we have retained. There may be a minimal charge for providing you additional copies of your Personal Information to cover the administrative costs. You may also request deletion or destruction of both the Account and Personal Information by Contacting customer service staff. MC Prime will take actions at your request immediately, unless it is not consistent with our legal and regulatory obligations. You may also ask us to transfer your Personal Information to another person. To ensure the confidentiality, integrity and availability of your information to yourself, we may request you to confirm your identity by providing identification documentation and/or other methods prior to assisting you in exercising any of your rights. If you refuse to prove your identity, we may decline to take actions in respect of your data, save restricting processing, until we can ensure that such actions are the true request from you. In carrying out of our services we may use automated processing and profiling to reduce the risks of fraud, money laundering, terrorism financing, transacting with sanctioned subjects, and abuse of our services. Through this automated processing, we carry out an analysis of your identification, transactional and behavioral patterns. We may not able to provide you with some or all our services if you do not wish this automated processing to be carried out. If you feel that this processing might be detrimental to you, we can provide you with further information about this automated processing by Contacting customer service staff.

Security

We have implemented technical and organizational security measures to ensure the confidentiality of your Personal Information and to protect your Personal Information from loss, misuse, unauthorized alteration or destruction. Only authorized personnel of MC Prime have access to your Personal Information, and these personnel are required to keep the information in confidence. Where you have consented to, or we are obliged to pass on any Personal Information to any third party to provide you with a requested Service or in the carrying out of a regulatory or legal obligation, we will request that the same levels of technical and organizational security measure be applied through contractual arrangements, where possible. Technical and organizational security measures in place will, from time to time, be reviewed in line with legal and technical developments. In the event of any personal data breach or failure of the measures of protection of such information, we will promptly notify you without undue delay.

Links

There may be links from the Platform to other sites and resources provided by third parties. PLEASE NOTE THAT THIS PRIVACY POLICY APPLIES ONLY TO THE PLATFORM. ACCESSING THOSE THIRD-PARTY SITES OR SOURCES REQUIRES YOU TO LEAVE THE PLATFORM. WE DO NOT CONTROL THOSE THIRD PARTY SITES OR ANY OF THE CONTENT CONTAINED THEREIN AND YOU AGREE THAT WE ARE IN NO WAY RESPONSIBLE OR LIABLE FOR ANY OF THOSE THIRD PARTY SITES, INCLUDING, WITHOUT LIMITATION, THEIR CONTENT, POLICIES, FAILURES, PROMOTIONS, PRODUCTS, SERVICES OR ACTIONS AND/OR ANY DAMAGES, LOSSES, FAILURES OR PROBLEMS CAUSED BY, RELATED TO OR ARISING FROM THOSE SITES. WE ENCOURAGE YOU TO REVIEW ALL POLICIES, RULES, TERMS AND REGULATIONS, INCLUDING THE PRIVACY POLICIES, OF EACH SITE THAT YOU VISIT. Disposal of Personal InformationOnce we do not have any obligation to provide you with a Service you request, nor an obligation to hold your Personal Information for record keeping or other regulatory or legal purposes, we will anonymize or dispose of your Personal Information in line with acceptable industry and security standards so that this cannot be subsequently retrieved and associated to you. Where we cannot directly remove such records, such as in archived backups, we will retain a log of which Personal Information should be removed if ever the backup data is restored.

Marketing

We will ask you for your consent on registration or post-registration, by providing you with the ability to check marketing preferences check boxes located within your account profile page to allow us to contact you or use your Personal Information for marketing purposes. You have the right to retract the consent for us to process your Personal Information for marketing purposes. You can exercise your right to prevent such processing by unchecking marketing preferences check boxes on your account profile or by contacting us at any time.

Changes

Policies, content, information, promotions, disclosures, disclaimers and features of the Site may be revised, modified, updated, and/or supplemented at any time and without prior notice at the sole and absolute discretion of MC Prime. If we change this Privacy Policy, will take steps to notify all Users by a notice on the Platform and will post the amended Privacy Policy on the Platform. If we consider that your rights may be affected by any such changes, we will request you to confirm your acceptance of the amended Privacy Policy prior to continuing our relationship with you.