The following Privacy Policy is current as at 20 January 2025.
CMC Markets Bermuda Ltd (“CMC Markets”) is committed to protecting the privacy
of all personal information that we obtain from you. This Privacy Policy (Privacy
Notice) explains how the CMC Markets collects, maintains, uses and discloses your
personal information. It also provides some detail about the rights that customers
have in respect of their personal information. This Privacy Policy applies to all
organisations within the CMC Markets Group of companies.
Personal information
You provide CMC Markets with your personal information (including sensitive personal information) when you ask for information about CMC Markets’ products and services, when you access and use this and other CMC Markets websites and/or when you submit an application to open an account with CMC Markets. When assessing an application, CMC Markets may also collect information about you from publicly available sources such as company registers. CMC Markets may also collect personal information (including sensitive personal information) (which includes any relevant transaction data and account identifier data) from your financial services provider. For the purpose of this Privacy Policy:
Personal information: means any information about an identified or identifiable Individual. Personal Information can be factual (for example, a name, email address, location or date of birth) or an opinion about that person's actions or behaviour.
Sensitive personal information: Personal information relating to an Individual’s place of origin, race, colour, national or ethnic origin, sex, sexual orientation, sexual life, marital status, physical or mental disability, physical or mental health, family status, religious beliefs, political opinions, trade union membership, biometric information or genetic information.
If you give us personal information about another person, you represent that you are authorised to do so and agree to inform that person who we are, that we will use and disclose that information for the relevant purposes set out below and that they can access the information we hold about them.
CMC Markets maintains records of all transactions and activities on accounts you have with CMC Markets, including details of contracts traded and margin calls made. During the course of your relationship with CMC Markets, we will also gather information about products and services provided to you.
We are required by law to collect information to identify and verify you. CMC Markets may make enquiries as to your identity and other personal details as required by the Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing) Regulations 2008 (as amended) (Bermuda). Your personal information will be treated strictly in accordance with the Personal Information Protection Act 2016 (as amended) (Bermuda).
We may also use your personal information to obtain a credit report from a credit-reporting agency. The report may contain personal credit information about you. We may also contact any credit provider named in the credit report, or any credit provider whose details have been provided to us by you, in order to obtain information relevant to opening your account or collecting overdue payments in relation to any trading activity.
Telephone Conversations
CMC Markets may record telephone conversations between you and persons working for CMC Markets. Such recordings, or transcripts from such recordings, may be used to resolve any dispute between you and CMC Markets.
Cookies and our cookie policy
CMC Markets uses cookies to gather information about your access to this website, the CMC Markets application and other services we provide to you. Cookies are small pieces of information, which use a unique identification tag and are stored on your device because of you using this website or other service we provide to you.
They enhance your browsing experience in various ways, which include remembering your preference settings, displaying relevant content and ensuring web pages function as intended. For detailed information on the cookies we use and the purposes for which we use them, see our cookie policy.
When you use this website or other services we provide to you, you may be able to link to other websites. This Privacy Policy does not apply to those sites. CMC Markets encourages you to read the privacy policies on such sites.
Use of the information by CMC Markets
The information requested in any application to open an account completed by customers is required to enable us to provide a service to you. That information, together with the information collected and maintained by CMC Markets during the course of our relationship with you, is used to manage and administer the products and services provided to you. It is also used to keep you updated whilst you are a customer in relation to various matters including the contracts you have traded, your margin obligations, the funds in your account, and other activities of CMC Markets.
We may also use your personal information, including market research, analysis and developing statistics across CMC Markets Group, to develop an understanding of the products and services that you may be interested in obtaining from CMC Markets and to market such products and services to you.
We may also use it to carry out marketing and send communications, including by
email, post, text, newsletter, banner advertising and other forms of communication
including social media campaigns. We may analyse your personal information, as
well as your trading activity, so that we can offer a more relevant, tailored service
and product offering to you.
CMC Markets may share your personal information with:
entities in the CMC Markets Group to develop an understanding of the
products and services that you may be interested in obtaining from CMC
Markets Group and for other legitimate business purposes;
regulatory and government bodies from time to time in Bermuda and other
bodies from time to time in Bermuda and other countries, or as otherwise
required by law
any court or tribunal;
financial institutions and other similar organisations that we deal with in the
course of our corporate activities or those that are nominated by you;
fraud prevention and law enforcement agencies if false or inaccurate
information is provided and fraud is identified;
anyone else where we have your consent or where we have another lawful
basis for doing so;
an introducing broker if you were introduced to CMC Markets by an
introducing broker;
external service providers and professional advisers (which may be located
overseas) that provide services to CMC Markets, including credit reference
agencies;
any organisation at your request or any persons acting on your behalf,
including your financial adviser, broker, solicitor or accountant;
any third-party service providers where this is necessary to process a
transaction or provide services which you have requested (e.g. software
providers);
any authority to whom CMC Markets is required to disclose such information
by law;
other financial institutions for the prevention and detection of financial crime,
including fraud, money laundering, and terrorism financing; or
other parties connected with your account (e.g. other people named on the
application).
How we protect your information
CMC Markets is committed to protecting the privacy of all personal information that CMC Markets obtains from you.
We continue to adopt industry and information security best practices to protect your personal information and ensure that unauthorised persons do not access it. Measures include encryption of data during transmission, strong authentication mechanisms, cybersecurity processes and secure access to machines and data.
We train our employees who handle personal information to respect the confidentiality of customer data and the privacy of individuals.
What are your rights?
You need not give us any of the personal information requested by CMC Markets. However, without that information CMC Markets will not be able to open an account for you where the information is requested in an application form, or to provide you with any other services, information or assistance you have sought.
Your rights are as follows in respect of the personal information we hold about you:
The right to be informed about processing of your personal data;
The right to have your personal data corrected if it's inaccurate and to have
incomplete personal data completed;
The right to object to processing of your personal data;
The right to restrict processing of your personal data;
The right to have your personal data erased (the "right to be forgotten");
The right to request access to a copy of your personal data and information about how we process it. Please make all requests to our Bermuda office for access by emailing dpo@cmcmarkets.com; and
The right to move, copy or transfer your personal data (“data portability”).
Please note, some of these rights only apply in certain circumstances and we may not be able to fulfil every request. We will stop processing your personal data unless the processing is for the establishment, exercise or defence of legal claims or we have a legitimate business purpose or legal grounds for the processing.
Where applicable, requests made to CMC Markets Bermuda Ltd, will be addressed within 45 days from the day we receive the request. This time period may be extended by no more than 30 days (or as permitted by the Office of the Privacy Commissioner for Bermuda), if there is a considerable amount of personal information requested and the request would interfere with the operations of CMC Markets (including CMC Markets Bermuda Ltd), or if the request requires more time to liaise with an overseas third party. We will advise you of the extension, where applicable.
You are only entitled to you own personal information and certain information about the data, but not to information relating to other people, unless the information is also about them or they are acting in a legal capacity on behalf of someone else.
Please contact us if you have any questions or complaints about your privacy. The privacy officer for CMC Markets is the Global Head of Data Privacy, Priti Sawant. Email dpo@cmcmarkets.com.
If a complaint is not resolved by CMC Markets to your satisfaction, you may escalate concerns to the applicable privacy regulator in your jurisdiction. Upon request, we will provide you with the contact information for that regulator.
Receiving commercial electronic messages
With your consent, we may send marketing and/or promotional messages to any electronic address that you provide or for which you are responsible. You warrant that you have authority, either as or on behalf of the electronic account holder, to provide this consent and agree that until you withdraw your consent by providing written notice to us or using an unsubscribe facility in the message, we may continue to send commercial electronic messages to those addresses.
Amendments to this Privacy Policy
CMC Markets may make change this Privacy Policy from time to time. When such a change is made, we will post a revised version online. Changes will be effective from the point at which they are posted. It is your responsibility to review this Privacy Policy periodically so you are aware of any changes. By using our services, you agree to this Privacy Policy.
