Regulations
We respect the privacy of each user of the Site (referred to as “you” or “a user”), whether it’s your first time, or if you’ve visited our Site previously. This Privacy Statement gives you specific information about how we protect your privacy, how we treat information we collect on the Site that identifies an individual user (“Personal Information”), and how we use aggregated information.
Location of servers and transfer of information to India - The Site is hosted by servers in India. If you are located outside of India, your Personal Information will be transferred to India. By submitting your Personal Information, you consent to its transfer to the India and to its storage, processing, and use there in accordance with this Privacy Statement.
- 1. COLLECTION AND USE OF YOUR PERSONAL INFORMATION
We collect your Personal Information, and in the case of account opening, background, financial, and demographic information on the Site in order to enhance the services we offer you. Such information may include your name, date of birth, contact number, PAN, city of residence, email address, bank account details, scans/copies of document proofs such as PAN, etc. We may hold this information indefinitely as required by the law, for the purpose of offering you our services, and for other regulatory and business purposes. We collect Personal Information from you only when you voluntarily submit for purposes including but not limited to a) sales and account opening queries b) account opening c) association enquiries, and others. We may use the information for purposes including, but not limited to a) identity verification and background checking for account opening b) personalising services offered to you c) keeping you updated of our products and services relevant to you d) information pertaining our services you’ve subscribed to d) for legal and regulatory purposes. ALGOZTEK may have the requirement to collect Sensitive Personal Data or Information (“SPDI”) OR Personal Information from you while offering their products and services due to the nature of the products and services being offered. With regard to security, we respect all information provided to us, and take all reasonable steps towards protection of the same. We have implemented technology and policies, with the objective of protecting your privacy from unauthorized access and improper use, and periodically review the same. We maintain procedural safeguards to protect the confidentiality and security of personally identifiable information transmitted to us.
- 2. COLLECTION OF NON-PERSONAL INFORMATION
Even if you do not send us any Personal Information, we collect information about how you use our site (“Non-Personal Information”). This information cannot be used to identify you personally and is explained in more detail below under “Non-Personal Information”. Cookies A cookie is a small data file, often including an anonymous unique identifier that is sent from a web site’s computer and stored on your computer’s hard drive. Use of cookies is common on the Internet. A web site can send its own cookie to your browser if your browser’s preferences allow it, but (to protect your privacy) your browser permits a web site to access only the cookies it has already sent to you, not the cookies sent to you by other sites. You can configure your browser to accept all cookies, reject all cookies, or notify you when a cookie is sent. (Each browser is different, so check the “Help” menu of your browser to learn how to change your cookie preferences.) You can reset your browser to refuse all cookies or indicate when a cookie is being sent. But if you refuse cookies, some parts of the Site will not function properly and may not provide services or information you have requested. For example, without cookies, we will not be able to provide you with searches that you have asked us to save. Non-personal information Like many sites, we obtain Non-Personal Information such as IP (internet protocol) addresses, browser types, the name of your ISP (internet service provider), information about where a user comes from before arriving at our Site, what pages a user visits, the order of those pages, and the amount of time spent on each. A vendor performs this service for us by sending a cookie to gather this information, compile it, and report to us. We use Non-Personal Information to customize the advertising and content you see, improve our services, conduct research, and provide anonymous aggregated reporting for internal audits and third parties. We use the Personal Information and the Non-Personal Information we collect on the Site (A) to provide you with the services that you ask to receive through the Site, including saving searches and, if you request it, sending you updates about those searches, (B) to receive, if you choose, to receive periodic industry updates, (C) to answer your questions or complaints, (D) inquiries about franchising opportunities and (E) for analytical purposes to help us improve the Site and for our business generally.
- 3. DISCLOSURE AND TRANSFER OF COLLECTED INFORMATION
We do not rent, sell, or share with third parties the Personal Information we collect from you on this Site except (i) to provide information or services that you have requested, (ii) with your permission, or (iii) under the following circumstances:
• Third party vendors we engage to provide services on our behalf, have access to Personal Information, but they have agreed not to disclose the Personal Information or to use it for any purpose other than providing the requested services.
• There may arise special circumstances where it is necessary for us to disclose and use Personal Information and Non-Personal Information, such as: to enforce this Privacy Statement or any other part of our Terms of Use; to protect our property or rights; to protect the safety of anyone; to investigate, prevent, or take action regarding illegal or improper activities; to carry out a merger or consolidation with another entity, a sale or transfer of some or all of our assets, or any similar transaction; or for other reasons we determine in good faith are necessary,appropriate, or required by law, such as when we respond to subpoenas, court orders, or other legal or administrative process.
• The Site may contain links to third-party web sites. If you hold your mouse over a link, it will indicate whether clicking the link will send you off our Site. When you click on those links, you will go to a third-party site where you will be subject to that site’s privacy statement and we encourage you to read that policy statement. Please be aware that we are not responsible for the privacy practices of those other web sites and we expressly disclaim any liability for their actions, including actions relating to the use and disclosure of Personal Information by those third parties. We remind you to be aware of when you leave our Site and enter a third-party web site, and again encourage you to read the privacy statement on any web site that collects your Personal Information.
- 4. SECURITY
Our hosting services maintains its systems in accordance with reasonable industry standards to reasonably secure the information of its customers. Your client account information and your profile are password-protected so that you and only you have access to this personal information. However, no data transmission over the Internet can be guaranteed to be 100% secure. “Perfect security” does not exist on the Internet. As a result, while we strive to protect your personal information, Algoztek cannot ensure or warrant the security of any information you transmit to us, and you use the Site at your own risk.
- 5. CORRECTION/UPDATING PERSONAL INFORMATION
If your Personal Information changes or if you no longer wish to use the Site, you may correct or update your Personal Information or unsubscribe from any industry updates you have requested by modifying or deleting your profile on the Site, writing to customer service by sending an email to zambetekalgo@gmail.com.
- 6. COMMENTS AND QUESTIONS
If you have any questions or concerns about this Privacy Statement, please contact us by writing to us at zambetekalgo@gmail.com.
- 7. SUBJECT TO CHANGE
This Privacy Policy is subject to change and may be updated or revised from time to time, without any prior notification to the User, at the sole discretion of Algozteks. It is the responsibility of the User to periodically review the Privacy Policy to determine whether there have been any revisions or updates.
Terms
By visiting our site you (“you” refers to the user or viewer of the Website) are agreeing to be bound by the terms and conditions and the Privacy Policy on the Website. We may change these terms and conditions at any time. By using this Website or any utility in this web site directly or indirectly you abide by all terms and conditions mentioned herein and that you accept any new or modified terms and conditions that we come up with. If you do not agree to any of the terms mentioned herein, you should exit the site immediately.
Registration
By registering for this facility you understand that Algoztek and its directors, employees and associates (hereinafter singly and jointly referred to as “Algoztek”) reserves the right, in its sole discretion, to deny you access to this Website or any portion thereof without notice for the following reasons (a) any unauthorized access or use by you (b) if you assign or transfer (or attempt the same) any rights granted to you under this User Agreement or any other agreement that you may have entered with Algoztek; (c) if you violate any of the other terms and conditions of this User Agreement.
Termination or cancellation of this Agreement shall not affect any right or relief to which Algoztek may be entitled, at law or in equity. Upon termination of this User Agreement, all rights granted to you will terminate and revert to Algoztek.
Cyber Security
Unauthorized use of this Website and systems, including, but not limited to, unauthorized entry into Algoztek systems, online accounts, misuse of passwords or misuse of any other information, is strictly prohibited. You may not use this Website in any manner that could damage, disable, overburden, or impair this Website or service or interfere with any other party’s use and enjoyment of this Website or service. You may not attempt to gain unauthorized access to any of our site or service and computer systems or networks connected to it, through hacking.
The users have the primary responsibility to keep their login-ids and passwords secure and to not display such crucial, important information to any third person. In case of any such leak of login-id & password, Algoztek cannot be responsible for the loss of such information, or for any act, omission, damages, claims, loss of personal information, etc arising from the use of such leakage of login-ids and passwords. Algoztek may, at its own discretion, use certain technology on its web sites to collect information from visitors and may compile aggregate statistical information about how visitors use its websites,
including information relating to the frequency of visits, the average length of visits, which pages are viewed during a visit etc.
Cancelation & Refund
Once you make any payment to procure any of our financial products and deploy the product for trade, there will be no refund. We recommend to go-through the products in detail before making any payment to avoid any discomfort at a later stage.
Associated Risk
The trading strategies employed by the usage of trading algorithms (including but limited to, among other things, the use of leverage) involve certain risks as detailed below which should be taken into consideration before employing such algorithms to carry on trading.
A. No assurance can be given that the trading undertaken by a Client with the aid of the technology tools, algorithms will be successful under all ordinary market conditions.
B. Trading can be leveraged. Some algorithms might involve a high degree of leverage. A small price movement in the market may, therefore, result in substantial gains or losses. Thus, trading of some investments may result in losses in excess of the amount initially employed by the Client to be carried out by such algorithms.
C. Trading may be illiquid. Some exchanges have daily price limits for certain investments. Once the price of an investment has increased or decreased by an amount equal to the daily limit, positions in the investment can be neither taken nor liquidated unless traders are willing to affect trades at or within the limit. In the past, investments have moved the daily price limit for several consecutive days with little or no trading occurring. Similar occurrences could prevent the algorithms from promptly liquidating unfavorable positions and thus subject the Client to substantial losses.
D. Speculative nature of trading. The trading algorithms objectives, rules, policies should be considered speculative, as there can be no assurance that algorithms will generate a profit.
E. Market risks. The profitability of a significant portion of the Client depends to a great extent upon the success of price movements of specific financial instruments, securities, commodities, futures and/or other investments. There can be no assurance that the algorithms will be able to predict accurately these price movements or that clients will not lose all or substantial proportion of their investments.
F. The institutions, including but not limited to brokerage firms, with which the algorithms execute trades, may not may not be operationally efficient and may not be subject to capital adequacy requirement. As a result, counterparty may encounter financial or operational difficulties that impair its quality of services which might expose the Client to potential losses as a result.
G. The strategies and algorithms subscribed for by the client may involve short selling. Short sales can, in certain circumstances, substantially increase the impact of adverse price movements on the Clients trading accounts.
H. The strategy and trading algorithms subscribed for by the Client may involve the taking of frequent trading positions, and, as a result, turnover and brokerage commission expenses of the Client may significantly exceed those of other investment avenues of comparable size.