Privacy Policy

MGM Limited (Mustadaama Global Markets) is registered as an International Business Company with registration number 217130. We are a professional multi-asset provider authorized and regulated by the Financial Services Commission (FSC) under license GB24203493. We hold Global Business (FS-4.1) and Investment Dealer (SEC-2.1B) designations.

This policy establishes the basis on which any personal information we collect or that you provide to us will be processed. By using our website and services, you acknowledge and agree to the practices described in this policy. We encourage you to read the following sections carefully to understand our commitment to your data security and privacy.

Privacy

We are committed to protecting your privacy and managing your personal data with total transparency. This statement outlines our current policies and fulfills our obligations regarding the collection and handling of your information.

Purpose of the Information Processing

MGM Limited maintains specific personal data to fulfill our operational and legal mandates, ensuring we can establish accounts securely and safeguard your assets. We recognize that the lawful treatment of this information is fundamental to maintaining your confidence in our organization. Upon opening an eWallet or trading account, you provide the data necessary for us to deliver the services outlined in our Client Agreement and eWallet Terms of Use.

We utilize this information strictly to provide high-quality service and security, primarily for verifying your identity and establishing a professional business relationship. Your data also allows us to configure your trading account, issue secure credentials, and maintain accurate records of your activity. To process transactions or execute trading orders, we may share relevant details with external partners—such as your banking institution or payment service provider solely to facilitate secure payments. Furthermore, this data enables us to refine our services and keep you informed of new products or professional promotions that align with your trading objectives.

Principles of Information Processing

MGM Limited ensures that all personal information is processed fairly, lawfully, and for strictly specified purposes. We prioritize data integrity by ensuring the information we collect is always adequate, relevant, and not excessive for our operational needs. Your data is never retained for longer than necessary and is managed in full accordance with individual data subject rights. To maintain our high standards of security, we utilize advanced protection measures and ensure that no information is transferred across borders without verified, adequate protection.

Personal Information We Collect

MGM Limited may collect and process data provided through our website forms, email correspondence, and live chat support center. This includes up-to-date registration details, information submitted in service applications, and records of communication, should you report a problem or contact us for assistance. We also monitor details of your visits to our platform, including location information, traffic data, and technical logs such as IP addresses and the specific devices used to access our services.

To fulfill our professional and regulatory duties, we process Contact Details such as email addresses and social network identifiers, alongside Financial Information including source of funds, source of wealth, and current balances. We further maintain records of Trading Activity, orders, and Payment Information related to deposits and withdrawals involving your banking or financial institutions.

In strict compliance with AML/CFT regulations, we collect and securely store verification documents provided by our clients. These include government-issued ID copies, such as passports or driving licenses, utility bills for address verification, and financial statements confirming the source of wealth. This information, whether stored on electronic media or secure servers, is protected under applicable law to ensure your privacy.

While you may choose to decline providing certain information, please note that some data is a legal requirement for financial service providers. A refusal to provide mandatory information may limit your ability to use specific features or, in accordance with regulatory requirements, lead to the restriction of account activity. We manage all such data with the utmost discretion, sharing it only as necessary to provide our services or to comply with legal reporting obligations to relevant authorities.

Your rights

As a client of MGM Limited, you are entitled to full transparency regarding your personal data. You have the right to confirm whether your information is being processed and may request a copy of your personal data at any time. Should any of your information be inaccurate or incomplete, you may request its rectification without undue delay to ensure your records remain current.

In accordance with applicable data protection regulations, you may request the erasure of your personal data if it is no longer necessary for its original purpose, if you withdraw your consent, or if the data has been processed unlawfully. However, as a regulated financial services provider, MGM Limited is mandated to retain specific records to comply with international FATF recommendations, Anti-Money Laundering (AML) regulations, and the Countering Financing of Terrorism Act. Your right to erasure does not supersede these statutory legal obligations.

Furthermore, you may request that we restrict the processing of your data while its accuracy is being verified, or if you prefer restriction over erasure in specific legal contexts. You also have the right to receive your personal information in a structured, machine-readable format to facilitate its transfer to another party. While you may object to the processing of your data based on your specific situation, we may continue processing if we demonstrate compelling legitimate grounds, such as maintaining compliance with global financial regulations. Finally, while we utilize automated systems for preliminary account assessments and contract performance, you maintain the right to contest decisions that produce significant legal effects solely through automated processing.

Reasons we share your personal information

MGM Limited does not sell, license, or lease your personal information. We share data only with your consent or as required to execute transactions and provide authorized services, such as account management and order execution.

To maintain our operations, we share information with banks and payment institutions (typically name, contact details, and payment amounts) to facilitate your deposits and withdrawals. In the process of hedging your positions, our liquidity providers may access details regarding your trading orders, including derivative types and volumes. Furthermore, we are legally mandated to report trading information and identifiers to recognized international trading depositories that maintain the highest security standards.

Our IT and software vendors, including trading platform providers, may have access to information systems during software maintenance, bug fixing, or system migrations. For partners operating under a Software-as-a-Service (SAAS) model, where databases may reside on their hardware, we utilize integrated management rules to strictly limit their access to your data.

We may also engage external businesses for internal functions, such as account processing, client support, satisfaction surveys, and data analysis to identify products relevant to your needs. Additionally, information may be shared with MGM affiliates and strategic partners to deliver requested services or joint marketing offerings. In all instances, third-party use is strictly limited to the performance of the designated task.

Finally, we reserve the right to disclose information to regulatory, law enforcement, or government authorities as required by law, or to credit reporting and collection agencies when necessary. All third parties are contractually bound to protect your personal information with the same rigor and legal protections applied by MGM.

Restriction of responsibility

If you choose to purchase a product or service from another company, any personal information you share with them falls outside the control of our Privacy Policy. MGM Limited is not responsible for the privacy practices or content of external sites we may link to, as we have no control over the protection of data collected by those parties. When accessing co-branded or linked websites, you may be asked to provide registration details; please be aware that this information is provided to a third party, and we recommend familiarizing yourself with their specific privacy policy.

Individual Entitlements & Recourse

All individuals whose personal information is held by us are entitled to clear insights into their data. This includes the right to inquire about what information we hold and the purpose of its retention, as well as instructions on how to access and maintain that data. You have the right to have inaccurate information corrected or removed and to receive the data you have previously provided to us.

Furthermore, you may request that we cease processing your information if it is likely to cause unwarranted distress or damage. You also have the right to ensure that no decision significantly affecting you is based solely on automated processes regarding your conduct or performance. We remain committed to informing you of the specific measures we take to comply with all personal information protection laws.

If you are unable to access your data through our standard platforms, you may contact us directly via our official digital channels. We commit to responding to all access or deletion requests within 30 days. Should you feel your rights have been infringed upon and we have not taken sufficient action to remedy the situation, you maintain the right to lodge a formal complaint with a supervisory authority or a competent court.

Security of Personal Information

MGM Limited maintains rigorous security standards and protocols designed to prevent unauthorized access to your information by any party, including our internal staff. To ensure maximum data integrity, we employ a combination of organizational and technological safeguards, including pseudonymization and encryption.

As part of our pseudonymization process, we assign a Unique Identifier (UID) to both your eWallet and trading accounts. This ensures that your personal data cannot be attributed to you without the use of additional information from our internal systems. In the majority of our service operations, your UID is utilized in place of your name to further protect your identity. Access to systems where personal information is stored in conjunction with a UID is strictly limited to a specific number of authorized personnel and verified third parties.

We utilize industry-leading hardware and software encryption technologies to secure your data at every level. Our infrastructure is protected by Cisco security products, while our software environment employs robust control mechanisms, including SSL and TLS with keys exceeding 2048-bit strength.

All MGM personnel and any external support providers we engage are contractually mandated to observe our privacy standards. Furthermore, we maintain the right to audit these parties to ensure continuous compliance with our security requirements.

Retention of Personal Information

As a general rule, MGM Limited retains your personal information for the entire duration of our business relationship and for a period of five years following the termination of that relationship. However, retention periods may vary significantly based on the specific type of information and the nature of the products involved.

The criteria used to determine these periods include the following:

1- Operational Necessity: We maintain data for the duration required to provide, improve, and secure our services, as well as to maintain accurate business and financial records. This serves as the baseline for most retention periods.

2- Subject Consent: If you provide explicit consent for a longer retention period, we will retain your information in accordance with that agreement.

3- Legal and Regulatory Obligations: MGM is subject to mandatory retention laws, including AML/CFT regulations, government orders related to investigations, or requirements for the preservation of information for litigation purposes.

Use of Cookies

MGM Limited utilizes cookies to secure your trading activities and optimize the performance of our website. Cookies are small text files sent from our web server to your device. The cookies we employ do not contain personal, account, or password information; they simply allow our system to recognize that a page request originates from an authenticated session.

To refine our digital presence, we may share anonymized website usage data with reputable advertising partners to better target our internet banner advertisements. This process may involve the use of pixel tags (clear gifs or web beacons) to note the pages visited. The information gathered through these technical measures is not personally identifiable.

Furthermore, we may engage third-party specialists to track and analyze statistical volume and usage patterns, such as page requests and click paths. These partners may utilize cookies on our behalf to monitor behavior and improve site functionality. All such data is collected in a manner that ensures no personally identifiable information is captured or stored.

Changes to this Privacy Policy

MGM Limited may update this Privacy Policy periodically to reflect changes in our practices or regulatory requirements. Any material revisions will be promptly posted to our website, and your continued use of our services constitutes acceptance of these terms as actual notice. As a member of The Financial Commission, an international independent body dedicated to resolving disputes in the Forex and CFD markets, we adhere to high standards of external accountability.

Corporate Identity

The website is owned and operated by MGM Group Ltd, which includes the following entities:

1 -MGM Limited, registered as an International Business Company with registration number 217130.

2 -Mustadaama Global Markets, authorized and regulated by the Financial Services Commission (FSC) of Mauritius under License Number GB24203493.

3 -MGM Group Ltd (Representative Office), established as a branch in Mauritius under Business License FS-4.1 and Investment Dealer License SEC-2.1B.

Contact and Inquiries

If you have any questions, concerns, or formal requests regarding this Privacy Policy or the management of your data, please reach out to us through our primary digital communication channel. We are committed to addressing all privacy-related inquiries with transparency and efficiency.

Email: Info@mgm-brokers.com