Privacy Policy - Forex Algo-Trader Marketplace

Last Updated: August 10, 2026

Data Protection Compliance Statement

Forex Algo-Trader Marketplace ("the Platform") is committed to protecting your privacy and handling your personal data in compliance with the Kenya Data Protection Act, 2019 and other applicable data protection regulations.

This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you use our marketplace platform, including through our website and related services.

1. Introduction & Scope

This Privacy Policy applies to all users of Forex Algo-Trader Marketplace, including:

  • Buyers purchasing software products
  • Vendors selling software products
  • Visitors browsing our platform
  • Registered Users with accounts on our system

By using our services, you consent to the data practices described in this policy. If you do not agree, please do not use our platform.

2. Information We Collect

Data Collection Summary

We collect information to provide and improve our services, process transactions, and comply with legal obligations. Data is collected through:

  • Direct interactions (registration, purchases, communications)
  • Automated technologies (cookies, analytics tools)
  • Third-party sources (payment processors, security services)
Data Category What We Collect Purpose Legal Basis
Identity Data Full name, username, profile information Account creation, verification, communication Contract performance, Legitimate interest
Contact Data Email address, phone number, billing address Transaction processing, support, notifications Contract performance, Legal obligation
Financial Data Payment information (processed by third parties) Purchase processing, fraud prevention Contract performance, Legal obligation
Technical Data IP address, browser type, device information Security, analytics, platform optimization Legitimate interest, Consent
Usage Data Pages visited, products viewed, time spent Service improvement, personalization Legitimate interest, Consent
Marketing Data Preferences, consents, communication history Personalized offers, newsletters Consent, Legitimate interest

Note on Payment Data: We do not store credit card numbers or sensitive payment information. All payment data is processed securely by our payment processors in compliance with PCI DSS standards.

3. How We Use Your Information

Your data is used for specific, legitimate purposes including:

Service Delivery

Process transactions, provide purchased products, and manage accounts

Account Management

Verify identity, provide login access, and maintain account security

Platform Improvement

Analyze usage patterns to enhance user experience and functionality

Security & Compliance

Prevent fraud, meet legal obligations, and enforce our terms

Legal Basis for Processing: We process your data based on:

  • Performance of Contract: To provide the services you requested
  • Legitimate Interest: For platform security, fraud prevention, and business operations
  • Legal Obligation: To comply with Kenyan laws and regulations
  • Consent: For marketing communications and non-essential cookies

4. Information Sharing & Third Parties

We share your data only with trusted partners under strict conditions:

Third Party Purpose Data Shared Data Protection
Payment Processors Transaction processing, fraud prevention Name, email, transaction amount, IP address PCI DSS compliant, Data Processing Agreements
Hosting Providers Platform infrastructure and security All platform data (encrypted) ISO 27001 certified, Encryption at rest
Analytics Services Usage analysis and improvement Anonymized usage data Data anonymization, Opt-out available
Legal Authorities Legal compliance and law enforcement As required by law or court order Strict legal requirements review

We DO NOT sell your personal data to third parties. Data sharing is limited to what is necessary for service provision and legal compliance.

5. Cookies & Tracking Technologies

Cookie Consent: When you first visit our site, you can accept or reject non-essential cookies through our cookie banner. You can change your preferences at any time by clearing your browser cookies or using our cookie settings tool.

6. Your Data Protection Rights

Under the Kenya Data Protection Act, 2019, you have the following rights:

Right to Access

Request copies of your personal data we hold

Right to Rectification

Request correction of inaccurate or incomplete data

Right to Erasure

Request deletion of your personal data under certain conditions

Right to Restrict Processing

Request limitation of how we use your data

Right to Data Portability

Request transfer of your data to another organization

Right to Object

Object to processing of your personal data

How to Exercise Your Rights: Submit a written request to our Data Protection Officer at the contact information below. We will respond within 30 days as required by law.

Complaints: If you believe we have not complied with data protection laws, you have the right to lodge a complaint with the Office of the Data Protection Commissioner in Kenya.

7. Data Security & Retention

We implement robust security measures to protect your data:

  • Encryption: Data in transit (SSL/TLS) and at rest (AES-256)
  • Access Controls: Role-based access, strong authentication
  • Security Monitoring: 24/7 monitoring, intrusion detection
  • Regular Audits: Security assessments and penetration testing
  • Employee Training: Data protection and security awareness

Data Retention Periods:

  • Account Data: Retained while account is active, plus 7 years for tax/legal purposes
  • Transaction Records: 10 years for financial compliance
  • Marketing Data: Until consent is withdrawn or 2 years of inactivity
  • Website Logs: 90 days for security monitoring

We regularly review our retention periods and delete data that is no longer required.

8. International Data Transfers

Our platform operates primarily in Kenya, but some service providers may process data in other countries. When data is transferred internationally, we ensure adequate protection through:

  • Standard Contractual Clauses (SCCs)
  • Adequacy decisions for approved countries
  • Data Processing Agreements with safeguards

Our payment processors may transfer data for transaction processing but maintain appropriate safeguards as required by Kenyan law.

9. Policy Updates

We may update this Privacy Policy periodically to reflect changes in our practices, services, or legal requirements. When we make changes:

  • We will update the "Last Updated" date at the top
  • We will notify registered users of significant changes via email
  • We will post a notice on our website for material changes

Your continued use of our platform after updates constitutes acceptance of the revised policy.

Contact Information & Data Protection Officer

For privacy-related inquiries, data subject requests, or concerns about our data practices:

Data Protection Officer
Algohub (Forex Algo-Trader Marketplace)

Registered Office
Kenya Flag Nairobi, Kenya

For general inquiries, please contact support@forexalgotrader.com