Privacy and Security Policy
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This Privacy and Security Policy applies to all organizations within iFOREX Brokerage Ltd. It explains how iFOREX collects personal data about you and how it maintains, uses and discloses that data.
The present Privacy and Security Policy of iFOREX Brokerage Ltd. is based on the current legal rules of the Hungarian Republic, in particular on Act LXIII of 1992 on Protection of Personal Data and Disclosure of Data of Public Interest (“Privacy Act”).
iFOREX Brokerage Ltd. is committed to protecting the privacy of all personal data which is obtained from you, including the data we obtain during your visits to this website. iFOREX Brokerage Ltd. handles, retains and processes your data only insofar as this is in accordance with the applicable legal requirements and only to the extent it is strictly necessary for the achievement of the purposes set out herein.
What personal information do we collect from you?
In order for iFOREX Brokerage Ltd. to provide clients with its investment and commodity exchange services, iFOREX Brokerage Ltd. is required to collect, process and retain personal data of its clients in accordance with mandatory legal requirements under Hungarian law, in particular, Act CXXXVI of 2007 on the Prevention and Combating of Money Laundering and Terrorist Financing and Act CXXXVIII of 2007 on Investment Firms and Commodity Dealers.
In addition, iFOREX Brokerage Ltd. collects and processes personal information of its clients to the extent and for the purposes it is necessary for it to provide you with its services, as listed below in the section “How do we use your personal information”. Additionally, we may also obtain personal information as a result of authentication or identity checks. Your personal information may also be checked with credit reference agencies (who may keep a record of the information) to prevent fraud.
iFOREX Brokerage Ltd. may also derive information from your use of this website and may store this information with your personal profile. This information may include site areas visited, pages viewed, frequency and duration of visits, types of transactions conducted, documents downloaded and other websites which may have referred you or to which you link.
By visiting the present website, you are accepting and consenting to the practices described in this Privacy & Security Policy, including your acceptance and consent that iFOREX Brokerage Ltd. collects anonymous site statistics, such as most frequently visited pages and search requests, that are generated by visitors accessing this site which we may pass on to trusted third parties but these statistics do not include any information that can identify you personally.
When you use this website, you may be able to link to other websites. This Privacy & Security Policy does not apply to those other sites which we link and iFOREX Brokerage Ltd. is not responsible for any personal information that you may submit to any third parties via our website.
Processing of personal information
Access to personal information is restricted to those employees of iFOREX Brokerage Ltd. who are in charge of processing such information. The employees of iFOREX Brokerage Ltd. comply with strict standards of confidentiality when managing personal and other data.
iFOREX Brokerage Ltd. uses its best endeavours to maintain the appropriate safeguards in order to ensure that the security, integrity and privacy of the data and personal information that you have provided is not misused. Such measures and safeguards include encryption during data transmission, strong authentication mechanisms and the separation of machines and data to provide secure areas.
How do we use your personal information?
iFOREX Brokerage Ltd. collects anonymous statistical information in order to ensure that it meets the needs of its clients. By collecting such data, iFOREX Brokerage Ltd. is able to monitor and improve the services which it offers to its existing and potential clients.
iFOREX Brokerage Ltd. may use your personal information for the following purposes:
- to provide the services to you that you have requested including processing transactions;
- to confirm your identity;
- to maintain your personal profile;
- to manage your account;
- to contact you when necessary or appropriate in relation to the services being provided to you;
- to keep you updated whilst you are a client in relation to matters such as contracts you have traded and activities of iFOREX Brokerage Ltd.;
- to manage and administer the products and services provided to you;
- in developing an understanding of the products and services that you may be interested in obtaining from iFOREX Brokerage Ltd. to tailor the website to your needs and interests;
- to create impersonalised statistical data.
In addition, you will be given the option to opt-in or opt-out of subscribing to the following additional (marketing) services in the registration process with iFOREX Brokerage Ltd. as a client:
- to provide you with information regarding the products and services offered by iFOREX Brokerage Ltd.; and
- to provide you with information or opportunities that we believe may be relevant to you.
We do not sell or otherwise transmit your personal information to third parties for marketing purposes. At all times, you will have the possibility to unsubscribe out of any marketing service you have opted-in previously. Such marketing services may, at any time, be opted out by clicking on the link at the bottom of the e-mail received.
Transfer of data within the European Economic Area
Upon your registration as a customer with iFOREX Brokerage Ltd., you are deemed to have consented to the disclosure and transfer of your personal data by iFOREX Brokerage Ltd. within the European Economic Area (“EEA”) to the following entities and only with respect to the below listed purposes: any financial institution and other similar organization that iFOREX Brokerage Ltd. deals with in the course of its execution of client orders, or those that are nominated by you;
- any external service provider and professional advisor that provide services to iFOREX Brokerage Ltd. for the purposes of enabling iFOREX Brokerage Ltd. to provide the services you have requested;
- any organisation at your request or any persons acting on your behalf, including your financial advisor, broker, solicitor or accountant;
- any third party for the purposes of processing a transaction or provide services which you have requested; or
- any authority to whom iFOREX Brokerage Ltd. is required to disclose such information by law.
In addition, iFOREX Brokerage Ltd. will only transfer any personal information to any of the above-mentioned authorities if the safeguards for data processing are each time satisfied with regard to each and every personal data so transferred.
Transfer of data to third countries
Personal data may be transferred by iFOREX Brokerage Ltd. to non-EEA Member States upon your consent, which is deemed to be given when registering as a customer with iFOREX Brokerage Ltd., or the transfer is permitted by law and the laws of the third country in question ensure an adequate level of protection with respect to the processing of the personal data transferred.
Updating your information
You may inform iFOREX Brokerage Ltd. at any time that your personal details have changed or that you wish iFOREX Brokerage Ltd. to delete personal information we hold about you by emailing us at
When cookies are used on this website after you have opened an account with us, they are used to collect statistical information referred to above in addition to allowing you to access your account online. Most internet browsers are set up to accept cookies. If you do not wish to receive cookies, you may be able to change the settings of your browser to refuse all cookies or to have your computer notify you each time a cookie is sent to it, and thereby give yourself the choice whether to accept it or not. However, this may impair the quality of the services that we provide to you in relation to your account.
What are your rights?
You do not have to provide us with any of the personal data requested by iFOREX Brokerage Ltd.. However, without providing the information requested in the application form, iFOREX Brokerage Ltd. may not be able to open an account for you, or to provide you with any other services, information or assistance you have sought or evaluate the appropriateness of the service you are requesting.
Under the Hungarian data protection legislation you have the right to obtain any personal data that iFOREX Brokerage Ltd. holds about you and to inform iFOREX Brokerage Ltd. of any perceived inaccuracy as well as the right to request for the deletion, with the exception of mandatory data required to be maintained as an investment service provider, of your personal data from the registry with iFOREX Brokerage Ltd.
Should you have any questions or complaints about your privacy, please contact us on the following details
Amendments to policy
iFOREX Brokerage Ltd. may make changes to this Privacy & Security Policy from time to time for any reason and will notify you of such changes by posting an updated version of this Privacy & Security Policy on this website. You are responsible for regularly reviewing this Privacy & Security Policy and if you use this website after any such changes are published, such use shall constitute your agreement to such changes.
Remedies and customer complaints
In respect of issues not addressed in the present Privacy and Security Policy, Hungarian law shall apply.
In respect of any issues or customer complaints for an alleged or possible infringement of privacy rights, customers may contact us by e-mail at