TERMS AND CONDITIONS
TERMS AND CONDITIONS
This website is owned and managed by “Aston Currency Management” which is a trading style of Integral FX LLP a company incorporated in England & Wales with company number OC345063 and registered office at 26 Grosvenor Street, Mayfair, London, UK W1K 4QW.
ACM provides foreign exchange trading services (“Payment Services”) to its clients for the purchase, and onward delivery of certain currencies.
ACM is authorised and regulated by the Financial Conduct Authority of 25 The North Colonnade, Canary Wharf, London E14 5HS as a payment institution (with registration number 581992) in respect of the Payment Services it provides to its clients.
Under the Data Protection Act 1998 ACM is registered with the Information Commissioner’s Office No: Z9456485.
Aston Currency Management reserves the right, at its sole discretion, to change, modify, add or remove any portion of these terms in whole or in part, at any time. Changes to the terms will be effective when notice of such changes is posted.
Aston Currency Management has used utmost care to ensure and maintain the accuracy, completeness and currency of information published on this site. We, however, take no responsibility for any errors or omission, though if notified of any we will endeavour to rectify such immediately.
Users of this web site are prohibited from:
disrupting or interfering with the security of the site or otherwise abusing any service provided onthe site or linked web sitedisrupting, interfering or abusing any other user’s enjoyment of the siteobtain unauthorised access to any part of the site that is restricted from public access
The web site may contain links to other sites. Although utmost care is exercised in providing links to sites that share our high standards, Aston Currency Management shall not be responsible for the content, security, availability and privacy practices used by such linked sites.
The linked pages are provided for the convenience of our web site users only and do not constitute an approval of their services or practices.
Links from other web sites to our home page do not require prior permission from us but deep linking into any other page of our site should not be effected without prior permission from us.
The operators of Aston Currency Management’s web site will not be liable to users or any third party for any damages however caused, whether direct, indirect, incidental or consequential relating to or arising out of a visitor’s use or misuse of this web site.
Users of our web site can visit the site without revealing their identity or providing information about themselves.
We collect information directly from users when they voluntarily submit their personal information to us. At certain parts of our web site, we may provide the opportunity for users to register to join a mailing list or request information.
When this sort of information is collected Aston Currency Management will provide the reason for collecting the information and how the information will be used. We reserve the right to add to this list of opportunities available to our users to interact with us. It is completely up to users to provide us with their personal information.
Generally, visitors are informed of the use of their personal information at the time of collection. Normally, personal information provided or collected is used to respond to inquiries or to process requests.
Aston Currency Management maintains strict physical, electronic and administrative safeguards to protect user’s personal information from unauthorised or inappropriate access. Employees, business partners and affiliates who misuse a user’s personal information are subject to legal or disciplinary actions.
Users of our web site may review and update any personal information that is provided to us or collected through this web site and actually stored by us on written request to Aston Currency Management.
The web site operator, affiliates and business partners each reserve copyright in all content that they provide to the site, including but not limited to design, text, software, drawings, graphics and other files.
No part of this web site may be republished, reproduced, downloaded, displayed, distributed, posted transmitted or sold in any form or by any means in whole or in part without prior written permission of the copyright owner.
Users of this web site may not reproduce and reuse for any commercial purpose whatsoever any aspect of the web site content.
The rights owners, therefore, retain copyright in all page headers, button icons, collection material, custom graphics and all other types of graphics used on this site and these may not be copied or imitated without the rights owners’ permission.
The trade marks, logos and service marks displayed on this site belong to the operators of this web site and others who have contributed to the design of the site. The owners of the marks on this site retain exclusive rights in and to the marks. Nothing grants users the right to use, reproduce or display any of the marks without prior authorisation from Aston Currency Management.
SECURITY OF FUNDS
SECURITY OF FUNDS
SECURITY OF FUNDS
The safety and security of our clients’ funds is our primary concern. Our systems and controls have been specifically designed to ensure a safe dealing environment for all our clients. "Aston Currency Management" is a trading style of Integral FX LLP which is authorised and regulated by the FCA as an Authorised Payment Institution under the Payment Services Directive.
Our FCA Registration Number is 581992. Integral FX LLP is regulated by Her Majesty’s Revenue and Customs (HMRC) as a Money Services Business and is subject to the UK’s anti money laundering regime. Our HMRC registration number is 12189141.
Integral FX LLP operates PSD compliant client trust accounts at tier one banks. All funds received in settlement of an underlying foreign exchange trade remain segregated from Integral’s business funds at all times.
Integral FX LLP is a matched principal broker which means that trades are only executed when engaged by clients. Integral never undertakes speculative trades on behalf of clients, or as principal.
UK FINANCIAL CONDUCT AUTHORITY
We are Authorised and Regulated by the UK Financial Conduct Authority (FCA) as an Authorised Payments Institution (581992).
We are registered with HM Revenue and Customs under the UKs Money Laundering Regulations – Registered Number – 12189141.
If you need any assistance with this process, please don’t hesitate to contact the Aston Currency Management team.
Terms and Conditions
Account Opening Terms and Conditions and Declaration
“Aston Currency Management” “ACM”. is a trading style of Integral FX LLP a company incorporated in England & Wales with company number OC345063 and registered office at 26 Grosvenor Street, Mayfair, London, W1K 4QW.
ACM provides foreign exchange trading services (“Payment Services”) to its clients for the purchase, and onward delivery of certain currencies.
ACM is authorised and regulated by the Financial Services Authority as a payment institution (with registration number 581992) in respect of the Payment Services it provides to its clients.
Each contract entered into between ACM and its client for the sale or purchase and delivery of currency (a “Contract”) shall be governed by these Terms & Conditions.
Terms & Conditions
The Terms & Conditions set out below are to govern all foreign exchange transactions and related business dealings between ACM and a client of ACM.
1.1 At the end of these Terms & Conditions there is a declaration which must be completed and signed by a person authorized to open a foreign exchange account.
1.2 The client warrants that when entering into any foreign exchange transaction with ACM the client is doing so as principal and not as agent for any third party and that the transaction is for non-speculative purposes.
1.3 ACM aims to understand thoroughly the underlying purpose of the client’s foreign exchange requirements both to be able provide the client with a first class service and to satisfy anti-money laundering regulations. The client is required to supply ACM with all information and documentation necessary to comply with anti-money laundering regulations. At a minimum the person signing at the bottom of the application form on behalf of the client is required to supply proof of identity and address to ACM. ACM may also require documentation (e.g. bank statements, invoices etc) to verify the purpose of a specific transaction or specific transactions.
1.4 These terms & conditions may be varied by express written agreement between ACM and the client to suit the circumstances of a particular transaction. In addition ACM reserves the right to amend these terms & conditions at any time by giving notice in writing to the client.
2. The Contract
2.1 A foreign exchange contract (“contract”) between ACM and the client is an agreement by ACM to buy an amount of one currency (“currency A”) from the client in exchange for an equivalent amount of another currency (“currency B”) at a specified exchange rate (“FX rate”) for settlement on a specified date or dates (“settlement date”). Such an agreement is a legally binding contract between ACM and the client. The contract may be reached orally or in writing by any reasonable means including, but not limited to, telephone, fax, email, text message or a series of emails or text messages.
2.2 The formation of a contract between ACM and a client may occur without explicit agreement by the client to all of the terms of the contract. For example a client may transfer an amount of one currency to ACM with the understanding that ACM will automatically convert that currency to another currency for the client at an appropriate exchange rate determined solely by ACM based on the interbank exchange rate prevailing at or around the time the amount of currency was received from the client.
2.3 Once a contract has been agreed, ACM will, as soon as possible, send an e-mail or, where this is not possible, a postal confirmation (“confirmation”) of the terms of the contract to the client or to their agent or representative. In the event that the client or their agent or representative believes that any or all of the terms in the confirmation are incorrect the client is to inform ACM immediately or at the latest before settlement date of the contract.
2.4 The client is advised that ACM may record and store all telephone conversations pertaining to the making of a contract for the purpose of verifying the terms of the contract should these be in dispute.
2.5 The client is advised that foreign exchange markets can be extremely volatile and that a contract once agreed cannot be changed or annulled by the client because of movement in the FX rate or for any other reason. ACM is not liable to the client for any loss or opportunity loss resulting from movement in the FX rate after a contract has been formed.
2.6 While the client cannot annul a contract once it has been agreed, should the client’s foreign exchange requirements change after agreeing a contract an offsetting contract can be negotiated, subject to 2.7 below. Where an offsetting contract has been made only the net amounts of currency A and currency B from the two contracts need be delivered on settlement date.
2.7 ACM reserves the right to refuse to enter into a contract with a client, whether an existing client or a new client, and may refuse to do so without giving reasons and without liability to the client for any loss or damage suffered by the client as a direct or indirect result of such refusal.
3. Forward contracts
3.1 Where the settlement date is more than 3 business days after the day the contract is agreed, the contract is a forward contract (“a forward”). For such contracts the client must pay immediately 10% of the amount of currency A, or such other amount as is agreed, to ACM as initial margin.
3.2 In the event of a currency movement causing the amount of margin to fall below 5%, or as otherwise agreed, of the amount of currency A the client must pay maintenance margin to restore the margin to its original level of 10% of currency A. This maintenance margin must be paid to ACM within 24 hours of receiving notice from ACM that the maintenance margin is required to be paid. Failure by the client to pay either initial margin or maintenance margin to ACM shall be a fundamental breach of the contract and shall entitle ACM to terminate the contract and to retain the amount of the loss caused by such termination.
3.3 On settlement date the client will pay to ACM the balance of the amount of currency A (e.g. if 10% initial margin has been paid the client will pay the balance of 90% of currency A on settlement date).
4. Instructions & Settlement
4.1 The client is advised that ACM will not instruct payment of currency B to the client or to a third party until it is confirmed that currency A has been received into the bank account designated by ACM. This protects the client as well as ACM from late payment by another party. ACM accepts no liability for any loss or damage suffered by the client or a third party arising from late payment of currency B where this is due to late receipt of currency A.
4.2 ACM will provide the client with details of the bank account to which currency A is to be paid on or before settlement date. These details will usually be included in the confirmation. The client is solely responsible for ensuring that payment of currency A is made by settlement date and in accordance with the settlement instructions provided by ACM. Where currency A is pounds sterling and the client wishes to make the payment via BACS the client must instruct the payment at least 3 working days before settlement date to ensure the payment reaches ACM by settlement date.
4.3 The client is solely responsible for providing ACM with instructions for the payment of currency B in a timely manner and for ensuring the accuracy of those instructions. ACM accepts no liability for any loss or damage suffered by the client or a third party for late or misdirected payments resulting from late or inaccurate instructions.
4.4 ACM reserves the right to charge the client interest in respect of the late payment of currency A or any other payment due under this agreement at a rate 4% per annum above Barclays base rate from the date payment was due to the date payment was received.
5.1 ACM aims to provide a first class service including, on request, the provision of information to help the client understand the workings of the foreign exchange market and information about possible hedging strategies based on the client’s foreign exchange needs.
5.2 ACM may, on request, give an assessment of factors affecting foreign exchange rates and on the outlook for foreign exchange rates. However, the client understands that any assessment thus given is just that, an assessment or an opinion. ACM does not claim to be able to predict the direction of foreign exchange rates and the client warrants that in deciding whether or not to enter in to a contract with ACM, the client has relied on the client’s own judgment. ACM accepts no liability for any loss or damage suffered by the client or a third party as a result of the client deciding to enter into a contract with ACM or deciding not to enter into a contract with ACM based on any assessment or opinion given by ACM.
5.3 ACM cannot provide the client with any investment advice, nor can ACM advise the client on investment products.
6. Off-market orders
6.1 The client can instruct ACM (subject to 2.7 above) to try to buy a currency at a rate below the prevailing FX rate or sell a currency above the prevailing FX rate. Such an instruction is an off-market order. This is a firm agreement to enter in to a contract should the FX rate move to a level at which ACM is able to fill the client’s order. ACM will confirm by e-mail, or where this is not possible, by fax the terms of the off-market order. The client can cancel an off market order up until the time that the order is filled. The client cannot place an off market order with ACM nor can the client cancel an existing off-market order without firm acknowledgement by ACM that ACM is in receipt of the relevant instruction.
6.2 ACM has sole discretion in determining whether or not an off-market order has been filled or whether the FX rate has moved to a level at which it would be possible to fill an off market order.
6.3 Once an off market order has been filled an ordinary foreign exchange contract comes into effect as defined in 2.1 and 2.2 above.
7. Termination & Liability
7.1 ACM reserves the right to terminate a contract should the client fail to make a payment when due or if ACM in its absolute discretion considers that the client has been, or is likely to be, unable to fulfil obligations due under these Terms & Conditions or under an outstanding contract whether this is due to the client being in financial difficulties including bankruptcy or because of breach of a statute or regulation or for any other reason. ACM does not accept liability for any loss or damage to the client or a third party resulting from the termination by ACM of a contract under such circumstances but the client will be liable for losses sustained by ACM under such circumstances.
7.2 ACM excludes liability for all loss or damage to the client or any third party resulting from any foreign exchange transaction or other business dealing between ACM and the client whether foreseeable or not resulting from the actions of counterparties and third parties alike from events beyond the control off ACM including, but not limited to, natural disasters, acts of war or terrorism and changes in regulations or statutes.
If you have any questions regarding these Terms and Conditions please do not hesitate to get in touch with us here.
PRIVACY & CoOKIES Policy
PRIVACY & CoOKIES Policy
Purpose of this Policy
Integral FX LLP trading as Aston Currency Management (collectively “we”, “us” or “our”) are committed to protecting and respecting your privacy. This policy (and any other documents referred to on it) sets out the basis on which any personal data we collect from you, or that you provide to us, will be processed by us. Personal data means information about you from which we can identify you (either on its own, or by piecing it together with other information) (“Personal Data”).
This policy applies to our website www.astoncm.com (which includes any microsites or subsections of this website which are hosted within our web environment) and to any services, including our online platform, which we make available to you through our website (our website, and services together are referred to in this policy as the “Website”). It also applies to our email communications and links within these communications (together referred to in this policy as “Emails”.
We may change this policy from time to time by updating this page. You should check this page from time to time to ensure that you are happy with any changes. This policy is effective from 01 April 2018.
It is important that the personal data we hold about you is accurate and current. Please keep us informed if your personal data changes during your relationship with us.
For the purpose of the General Data Protection Regulation ((EU) 2016/279)(“GDPR”) and all other related data protection legislation, the data controller is Integral FX LLP of 26 Grosvenor Street, London W1K 4QW.
You have the right to make a complaint at any time to the Information Commissioner's Office (ICO), the UK supervisory authority for data protection issues (www.ico.org.uk). We would, however, appreciate the chance to deal with your concerns before you approach the ICO so please contact us in the first instance.
Information we may collect from you
On our Website and via Email we may collect and process the following data about you:
We do not collect any Special Categories of Personal Data about you (this includes details about your race or ethnicity, religious or philosophical beliefs, sex life, sexual orientation, political opinions, trade union membership, information about your health and genetic and biometric data). Nor do we collect any information about criminal convictions and offences.
What we do with the information we gather
In all circumstances the Personal Data we hold about you will be adequate, relevant and not excessive. Details of your legal rights in relation to your Personal Data can be found on the Information Commissioner’s website www.ico.org.uk.
We will only process your Personal Data, in accordance with applicable law, for the following purposes:
|Purpose/Activity||Type of Data||Lawful basis for processing including basis of legitimate interest|
|To provide services pursuant to our contract with you, including in order to process transactions and prevent fraudulent transactions.||
|Performance of a contact with you.|
Performance of a contract with you.
Necessary to comply with a legal obligation.
Necessary for our legitimate interests (to keep our records updated and understand how customers use our products/services).
|To administer and protect our business and this website, including internal record keeping.||
Necessary for our legitimate interests (for running our business, provision of administration and IT services, network security and to prevent fraud).
Necessary to comply with a legal obligation
|To improve our website, products/services, marketing, customer relationships and experiences||
|Necessary for our legitimate interests (to define types of customers for our services, to keep our website updated and relevant, to develop our business and to inform our marketing strategy).|
|To contact you for marketing purposes, including making suggestions to you about goods or services that may be of interest to you and providing details of new products, special offers or other information which we think you may find interesting||
|Necessary for our legitimate interests (to develop our products/services and grow our business)|
|Understanding how and when you are interacting with our Website, Emails and digital marketing collateral.||
|Necessary for our legitimate interests (to understand how customers use our products/services, to develop them, grow our business and inform our marketing strategy)|
|To search Fraud Prevention Agencies’ records (including information from overseas) and carry out fraud and credit checks (we may pass your details to a third party to carry out these functions)||
Necessary to comply with a legal obligation.
Necessary for our legitimate interest (to comply with legal and regulatory requirements relating to fraud prevention and anti-money laundering)
We may use your Personal Data, or permit selected third parties to use your Personal Data, to provide you with information about goods and services which may be of interest to you and we or they may contact you about these by post, telephone or electronic means (e-mail or SMS)
If you are an existing customer, we will only contact you by telephone or electronic means (e-mail or SMS) with information about goods and services similar to those which were the subject of a previous sale to you.
If you do not want us to use your Personal Data in this way, or to pass your details on to third parties for marketing purposes, please indicate it on the form on which we collect your Personal Data (the contact registration form). If you wish to change your preferences at any time, please contact us using the contact details set out below.
How is your personal data collected?
We use different methods to collect data from and about you including through:
· Direct interactions, including information provided by filling in forms on our website or corresponding with us by any means.
· Automated technologies or interactions, through which we may automatically collect technical data about your equipment, browsing actions and patters. We collect this data using cookies (see below) and other similar technologies.
IP addresses and cookies
What exactly are cookies?
A cookie is a small piece of information which is sent to your browser and stored on your computer’s hard drive, mobile phone or other device.
You can set your browser to notify you when you receive a cookie. This enables you to decide if you want to accept it or not. However, some of the services and features offered through websites may not function properly if your cookies are disabled.
Cookies can be first-party or third-party cookies:
The cookies placed on our Website
We use the following cookies on our Website:
We may combine information from these types of cookies and technologies with information about you from any other source.
Cookie consent and opting out
In order to opt out of IP Tracking cookies, Post-Click Tracking Cookies or Document Tracking Cookies you will need to email [email protected].
Data security and international transfers
The internet is global, so your Personal Data may be transferred in transit outside of the European Economic Area (“EEA”). However, we have taken the steps outlined below to try and protect the security of your Personal Data and comply with our legal obligations in relation to the transfer of your Personal Data to non-EEA countries.
Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your Personal Data, we cannot guarantee the security of any data transmitted to our Website; any transmission is at your own risk. Once we have received your Personal Data, we will use strict procedures and security features to try to prevent unauthorised access.
We have put in place procedures to deal with any suspected personal data breach and will notify you and any applicable regulator of a breach where we are legally required to do so.
Where we have given you (or where you have chosen) a password which enables you to access certain parts of our Website, you are responsible for keeping this password confidential. We ask you not to share a password with anyone.
Disclosure of your Personal Data
There are circumstances where we wish to disclose or are compelled to disclose your Personal Data to third parties. This will only take place in accordance with applicable law and for the purposes listed above. These scenarios include disclosure:
Retention of Personal Data
Your Personal Data will be retained for as long is reasonably necessary for the purposes listed above or as required by applicable local law. Please contact us for further details of applicable retention periods.
To determine the appropriate retention period for personal data, we consider the amount, nature, and sensitivity of the personal data, the potential risk of harm from unauthorised use or disclosure of your personal data, the purposes for which we process your personal data and whether we can achieve those purposes through other means, and the applicable legal requirements.
We may keep an anonymised form of your Personal Data, which will no longer refer to you, for statistical purposes without time limits, to the extent that we have a legitimate and lawful interest in doing so.
You have the right to:
Request access to your personal data (commonly known as a "data subject access request"). This enables you to receive a copy of the personal data we hold about you and to check that we are lawfully processing it.
Request correction of the personal data that we hold about you. This enables you to have any incomplete or inaccurate data we hold about you corrected, though we may need to verify the accuracy of the new data you provide to us.
Request erasure of your personal data. This enables you to ask us to delete or remove personal data where there is no good reason for us continuing to process it. You also have the right to ask us to delete or remove your personal data where you have successfully exercised your right to object to processing (see below), where we may have processed your information unlawfully or where we are required to erase your personal data to comply with local law. Note, however, that we may not always be able to comply with your request of erasure for specific legal reasons which will be notified to you, if applicable, at the time of your request.
Object to processing of your personal data where we are relying on a legitimate interest (or those of a third party) and there is something about your particular situation which makes you want to object to processing on this ground as you feel it impacts on your fundamental rights and freedoms. You also have the right to object where we are processing your personal data for direct marketing purposes. In some cases, we may demonstrate that we have compelling legitimate grounds to process your information which override your rights and freedoms.
Request restriction of processing of your personal data. This enables you to ask us to suspend the processing of your personal data in the following scenarios: (a) if you want us to establish the data's accuracy; (b) where our use of the data is unlawful but you do not want us to erase it; (c) where you need us to hold the data even if we no longer require it as you need it to establish, exercise or defend legal claims; or (d) you have objected to our use of your data but we need to verify whether we have overriding legitimate grounds to use it.
Request the transfer of your personal data to you or to a third party. We will provide to you, or a third party you have chosen, your personal data in a structured, commonly used, machine-readable format. Note that this right only applies to automated information which you initially provided consent for us to use or where we used the information to perform a contract with you.
Withdraw consent at any time where we are relying on consent to process your personal data. However, this will not affect the lawfulness of any processing carried out before you withdraw your consent. If you withdraw your consent, we may not be able to provide certain products or services to you. We will advise you if this is the case at the time you withdraw your consent.
If you wish to exercise any of the rights set out above, please contact us.
You also have the right to ask us not to process your Personal Data for marketing purposes. We will usually inform you (before collecting your Personal Data) if we intend to use your Personal Data for such purposes or if we intend to disclose your Personal Data to any third party for such purposes. You can exercise your right to prevent such processing by contacting us at [email protected].
Our Website may, from time to time, contain links to and from the websites of our partner networks, advertisers and affiliates. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any Personal Data to these websites.
Intellectual property rights
All intellectual property rights in our Website, any advertising material issued by or on behalf of Integral FX LLP, all information, materials, prices or charts, business methods, databases or settlement specifications relevant to the provision of our Website or otherwise used or arising in connection with our Website will remain our property and you will have no rights to distribute, republish, copy, reproduce, sell, sub-license or otherwise transfer or disseminate any of the foregoing unless otherwise agreed by us in writing.
We digitally record all telephone conversations with our clients.