
We believe in being fully transparent about how we collect, use, and protect your personal data. Read everything below, no legal jargon.
1.1 Purpose of This Privacy Policy.
This Privacy Policy is issued by WELLAT MARKETS INC, a company incorporated under the laws of the Republic of Panama, and governs the manner in which personal data and related information are collected, accessed, used, processed, stored, disclosed, retained, and protected in connection with the operation of its digital trading platform, copy trading services, websites, mobile applications, application programming interfaces, and all associated products, features, tools, and services.The purpose of this Privacy Policy is to provide users with a clear and comprehensive explanation of WELLAT MARKETS INC’s data protection practices, to outline the rights that may be available to users under applicable data protection and privacy laws, and to describe the responsibilities assumed by users when providing personal data or otherwise interacting with the platform. This Privacy Policy is intended to meet international best practices applicable to online trading, cryptocurrency, and financial technology platforms operating on a cross-border basis.
Nothing in this Privacy Policy shall be interpreted as creating any contractual obligation beyond those expressly set out herein, nor shall it be construed as granting users any rights or remedies beyond those required under applicable law.
1.2 Applicability of This Policy.
This Privacy Policy applies to all individuals and entities who access, register with, or use the services of WELLAT MARKETS INC, including but not limited to retail users, professional users, corporate clients, strategy providers, copy traders, website visitors, and any other persons whose personal data is collected or processed in connection with the platform.This Privacy Policy applies regardless of the method of access, including access via desktop devices, mobile devices, applications, or third-party integrations, and regardless of the geographic location of the user. Users acknowledge that the services of WELLAT MARKETS INC are offered on a global basis and that their personal data may therefore be processed across multiple jurisdictions, subject to applicable legal and regulatory requirements.
Where users access the platform on behalf of a legal entity, such users represent and warrant that they have the authority to bind such an entity to this Privacy Policy and that any personal data provided has been lawfully obtained and disclosed.
1.3 Relationship with Terms & Conditions.
This Privacy Policy forms an integral and inseparable part of the Terms and Conditions governing the use of the services provided by WELLAT MARKETS INC. By accessing or using the platform, creating an account, submitting personal data, or otherwise engaging with the services, users expressly acknowledge that they have read, understood, and agreed to be bound by both this Privacy Policy and the Terms and Conditions.In the event of any inconsistency or conflict between the provisions of this Privacy Policy and the Terms and Conditions, the provisions of the Terms and Conditions shall prevail to the extent permitted by applicable law. This Privacy Policy does not replace or override any contractual obligations arising under other agreements entered into between the user and WELLAT MARKETS INC, unless expressly stated.
1.4 Updates, Ammendments, and Version Control.
WELLAT MARKETS INC reserves the right, at its sole discretion, to amend, update, modify, or replace this Privacy Policy at any time, whether in response to changes in applicable laws, regulatory requirements, business practices, technological developments, or risk management considerations.Any updated version of this Privacy Policy shall become effective upon publication on the platform or such other date as may be specified therein. Users are responsible for reviewing the Privacy Policy periodically to remain informed of any changes. Continued access to or use of the platform after the effective date of any amendment constitutes the user’s acknowledgment and acceptance of the revised Privacy Policy.
Where required by applicable law, WELLAT MARKETS INC may provide notice of material changes through electronic communication or other reasonable means. However, the absence of such notice shall not affect the validity or enforceability of any updated Privacy Policy.
2.1 Legal Identity of Wellat Markets Inc
WELLAT MARKETS INC is a private company duly incorporated and existing under the laws of the Republic of Panama, with full legal capacity to enter into contracts, own assets, and carry on business in its own name. For the purposes of applicable data protection, privacy, and information security laws, WELLAT MARKETS INC acts as the primary entity responsible for determining the purposes and means of processing personal data collected in connection with the operation of its trading platform, copy trading services, and related digital offerings.WELLAT MARKETS INC provides technology-driven trading and financial services to users on a cross-border basis. In doing so, it processes personal data in accordance with this Privacy Policy, applicable laws of the Republic of Panama, and, where relevant, internationally recognized data protection principles.
Nothing in this Privacy Policy shall be interpreted as creating a partnership, agency, fiduciary, or trustee relationship between WELLAT MARKETS INC and any user with respect to the processing of personal data.
2.2 Registered Address and Contact Information
The registered office and principal place of business of WELLAT MARKETS INC is located at:
55th Street East, P.H. SL55 Building, Floor 21, Suite 3
Panama City, Republic of Panama.
Official contact email for privacy-related matters:
All notices, inquiries, requests, or communications relating to personal data, privacy rights, or this Privacy Policy should be directed to the above contact details. WELLAT MARKETS INC may, at its discretion, designate additional contact channels or representatives for data protection matters and may update such information from time to time.
2.3 Role as Data Controller and/or Data Processor.
In most circumstances, WELLAT MARKETS INC acts as a data controller, meaning it determines the purposes for which and the manner in which personal data is processed in connection with user accounts, trading activities, compliance procedures, and platform operations.In limited circumstances, WELLAT MARKETS INC may act as a data processor, processing personal data on behalf of third-party service providers, affiliates, or partners, strictly in accordance with documented instructions and applicable contractual obligations. In such cases, processing shall be subject to appropriate confidentiality, security, and data protection safeguards.
Users acknowledge and agree that the role of WELLAT MARKETS INC in relation to personal data may vary depending on the nature of the service provided, the contractual arrangements in place, and the applicable legal and regulatory framework.
2.4 Open-Ended Regulatory Disclosure.
WELLAT MARKETS INC may be subject to regulatory, supervisory, reporting, or compliance obligations under the laws of the Republic of Panama and other jurisdictions in which its services are accessed or offered. Such obligations may arise under financial services laws, anti-money laundering and counter-terrorist financing regulations, data protection statutes, tax reporting regimes, or other applicable legal frameworks.The regulatory status, licensing requirements, or supervisory expectations applicable to WELLAT MARKETS INC may evolve over time as laws, regulations, and regulatory interpretations change. WELLAT MARKETS INC reserves the right to adapt its data processing practices, disclosures, and compliance measures to meet existing or future legal and regulatory requirements, without prior notice to users, to the extent permitted by law.
Users expressly acknowledge that personal data may be processed, retained, or disclosed where required to comply with applicable laws, lawful requests from competent authorities, or regulatory obligations now in force or introduced in the future.
3.1 Definitions
For the purposes of this Privacy Policy, unless the context expressly requires otherwise, the following terms shall have the meanings set out below. These definitions apply equally whether the terms are used in the singular or plural form and shall govern the interpretation of this Privacy Policy in its entirety.
means any account, profile, wallet interface, or access credential created by or for a user on the platform of WELLAT MARKETS INC, whether for trading, copy trading, informational access, or any ancillary service, and includes all sub-accounts, linked accounts, and related access permissions.
means all applicable anti-money laundering, counter-terrorist financing, sanctions, and financial crime prevention laws, regulations, rules, guidelines, and supervisory expectations applicable in the Republic of Panama and any other jurisdiction in which WELLAT MARKETS INC operates or provides services.
means a decentralized, distributed ledger technology that records transactions across a network of computers in a manner that is cryptographically secured, transparent, and generally immutable, and which operates independently of WELLAT MARKETS INC.
means the natural or legal person that determines the purposes and means of the processing of personal data. For the purposes of this Privacy Policy, WELLAT MARKETS INC acts as a data controller except where it expressly acts as a data processor.
means a natural or legal person that processes personal data on behalf of a data controller and strictly in accordance with documented instructions and applicable legal obligations.
means know-your-customer, customer identification, customer due diligence, enhanced due diligence, and ongoing monitoring procedures implemented to verify identity, assess risk, and comply with applicable AML/CFT and regulatory requirements.
means any information relating to an identified or identifiable natural person, whether directly or indirectly, including identification data, contact details, financial information, transactional data, technical identifiers, online identifiers, and any other data classified as personal data under applicable law.
means all websites, domains, applications, software, APIs, trading interfaces, copy trading systems, technological infrastructure, and related services operated, maintained, or made available by WELLAT MARKETS INC.
means any operation or set of operations performed on personal data, whether automated or manual, including collection, recording, organization, structuring, storage, adaptation, retrieval, consultation, use, disclosure, transmission, alignment, restriction, retention, or deletion.
means any individual or legal entity that accesses, visits, registers with, or uses the platform or services of WELLAT MARKETS INC, whether directly or indirectly and whether acting on their own behalf or on behalf of another entity.
These definitions are intended to be interpreted broadly to ensure effective application of this Privacy Policy and to provide maximum protection to WELLAT MARKETS INC within the limits of applicable law.
3.2 Interpretation Rules
In this Privacy Policy, unless the context clearly indicates otherwise:
a. Words importing the singular shall include the plural, and words importing the plural shall include the singular.
b. References to any law, statute, regulation, directive, or legal provision shall include any amendments, re-enactments, consolidations, or replacements thereof.
c. References to “include,” “including,” or similar expressions shall be construed as illustrative and without limitation.
d. References to a “person” include natural persons, legal entities, corporations, partnerships, trusts, and any other legally recognized bodies.
e. References to “writing,” “written,” or similar expressions include electronic communications, digital records, and any form capable of being reproduced in tangible form.
3.3 Headings and Structure
The headings, numbering, and structure used in this Privacy Policy are provided solely for convenience and ease of reference. They do not form part of the substantive provisions of this Privacy Policy and shall not affect the meaning, interpretation, or legal effect of any clause.
The absence or inclusion of headings shall not be used to interpret the scope of any obligation, limitation, disclaimer, or right contained in this Privacy Policy, all of which shall apply independently of their placement or formatting.
4.1 Information You Provide Directly
WELLAT MARKETS INC collects personal data that users voluntarily provide when interacting with the platform, creating an account, communicating with support, submitting forms, or otherwise engaging with the services. Such data is provided directly by users at their own initiative and discretion, subject to the requirements of this Privacy Policy and applicable laws.
This information may include, without limitation, identifying information, contact details, credentials, declarations, confirmations, acknowledgments, and any other information submitted by users through the platform or via official communication channels. Users acknowledge and agree that failure to provide requested information may result in limited access to services, delayed processing, or refusal of certain functionalities where such information is required for operational, security, or compliance purposes.
4.2 Account Registration and Profile Data
In order to create and maintain an account on the platform, WELLAT MARKETS INC collects and processes account-related and profile data. This may include full legal name, date of birth, nationality, residential or business address, email address, telephone number, username, account preferences, and other profile-related information necessary to establish and administer a user account.
Such data is used to authenticate users, manage account access, provide platform services, communicate important information, and ensure the integrity and security of the platform. Users acknowledge that account registration data must be accurate, complete, and kept up to date at all times.
4.3 Identity Verification and KYC Data
To comply with AML/CFT obligations and global compliance standards, WELLAT MARKETS INC collects identity verification and due diligence data as part of its KYC procedures. This may include government-issued identification documents, photographs, video or biometric verification where permitted by law, proof of address documents, source of funds or source of wealth declarations, and any additional documentation required to assess user risk.
Identity verification data may be collected directly from users or indirectly through third-party verification providers. Such data is processed for compliance, fraud prevention, risk assessment, and regulatory reporting purposes and may be retained for extended periods as required by applicable laws and supervisory expectations.
4.4 Financial and Transactional Data
WELLAT MARKETS INC collects and processes financial and transactional data relating to the use of the platform. This includes deposit and withdrawal records, transaction histories, trade execution data, balances, wallet addresses, payment references, and related financial information.
This data is necessary to operate the platform, execute trades, process payments, manage accounts, detect suspicious activity, and comply with accounting, tax, and regulatory obligations. Users acknowledge that transactional data may be retained even after account closure where required by law.
4.5 Blockchain and Wallet-Related Data
As part of providing cryptocurrency-related services, WELLAT MARKETS INC may collect and process blockchain-related data, including public wallet addresses, transaction hashes, timestamps, block confirmations, and other information recorded on public or permissioned distributed ledgers.
Users expressly acknowledge that blockchain data is inherently public, transparent, and immutable, and that such data may be accessible to third parties independently of WELLAT MARKETS INC. The processing of blockchain-related data is necessary to facilitate transactions, verify activity, ensure platform integrity, and comply with regulatory and compliance requirements.
4.6 Technical, Device, and Usage Data
When users access or use the platform, WELLAT MARKETS INC may automatically collect technical and usage-related data. This may include IP addresses, device identifiers, browser type, operating system, access timestamps, log files, session data, geolocation indicators, and information about user interactions with the platform.
Such data is used to maintain platform functionality, enhance security, prevent fraud, analyze usage patterns, improve user experience, and detect unauthorized or abnormal activity. Users acknowledge that certain technical data is collected automatically and cannot be disabled without affecting access to the platform.
4.7 Communications and Support Data
WELLAT MARKETS INC collects and retains records of communications between users and the company, including emails, chat messages, support tickets, call logs, and other correspondence. This data may include personal data voluntarily disclosed by users during such communications.
Communication data is processed for customer support, dispute resolution, quality assurance, training, record-keeping, and compliance purposes. Users acknowledge that communications may be monitored or recorded where permitted by law.
4.8 Data Obtained From Third Parties
In addition to data provided directly by users, WELLAT MARKETS INC may obtain personal data from third-party sources, including identity verification providers, payment processors, blockchain analytics firms, compliance databases, and publicly available sources.
Such data is used to verify information provided by users, assess risk, prevent fraud, comply with legal obligations, and protect the platform and its users. WELLAT MARKETS INC does not control the accuracy of third-party data and shall not be responsible for errors originating from external sources, subject to applicable law.
5.1 Account Creation and Platform Access
WELLAT MARKETS INC processes personal data for the primary purpose of enabling users to create, access, maintain, and operate accounts on the platform. This includes verifying account eligibility, granting access credentials, managing account functionality, and ensuring that users can access trading, copy trading, wallet, and related services in accordance with the Terms and Conditions.
Processing under this clause is necessary for the performance of the contractual relationship between the user and WELLAT MARKETS INC. Without such processing, the platform would be unable to provide core services, and WELLAT MARKETS INC reserves the right to refuse or restrict access where required data is not provided.
5.2 Identity Verification and Compliance Obligations
Personal data is processed to fulfill identity verification, KYC, AML/CFT, sanctions screening, and other regulatory compliance obligations applicable under the laws of the Republic of Panama and internationally recognized standards.
This processing is carried out to prevent fraud, financial crime, money laundering, terrorist financing, sanctions violations, and other unlawful or prohibited activities. WELLAT MARKETS INC may be required to collect, verify, retain, and disclose personal data to competent authorities, regulators, or supervisory bodies where legally obligated to do so.
Processing under this clause is mandatory, and users acknowledge that refusal to provide required information may result in account suspension, restriction, or termination.
5.3 Transaction Processing and Platform Operations
WELLAT MARKETS INC processes personal and transactional data to facilitate deposits, withdrawals, trades, copy trading activities, balance updates, reconciliations, and other operational functions of the platform.
Such processing is necessary to execute user instructions, maintain accurate records, ensure proper settlement of transactions, and support internal accounting, auditing, and reporting requirements. Users acknowledge that transactional data forms part of permanent platform records and may be retained for compliance, dispute resolution, and risk management purposes.
5.4 Risk Management and Fraud Prevention
Personal data is processed to identify, assess, monitor, and mitigate operational, financial, security, and compliance risks associated with the use of the platform. This includes detecting suspicious activity, abnormal trading behavior, attempted security breaches, account misuse, and other activities that may pose a risk to WELLAT MARKETS INC, its users, or third parties.
Processing under this clause may involve automated systems, transaction monitoring tools, behavioral analysis, and risk scoring methodologies. Users expressly acknowledge that such processing is necessary to protect the integrity of the platform and that actions may be taken based on risk assessments without prior notice.
5.5 Customer Support and Communications
Personal data is processed to respond to user inquiries, provide technical assistance, resolve complaints, handle disputes, and communicate service-related information. This includes processing data submitted through support tickets, emails, chats, and other communication channels.
Such processing is necessary to provide effective customer service, maintain records of interactions, and ensure consistent and accurate responses. Communications may be monitored or reviewed for quality control, training, and compliance purposes, subject to applicable law.
5.6 Legal, Regulatory, and Enforcement Purposes
WELLAT MARKETS INC may process personal data to comply with legal obligations, respond to lawful requests from courts, regulators, law enforcement agencies, or other competent authorities, and enforce its rights under the Terms and Conditions and applicable law.
This includes processing data for the purposes of investigations, legal proceedings, audits, reporting obligations, and cooperation with authorities in Panama or other jurisdictions. Users acknowledge that such processing may occur without their consent where legally permitted or required.
5.7 Legitimate Business Interests
Personal data may be processed where necessary for the legitimate business interests of WELLAT MARKETS INC, provided such interests are not overridden by the fundamental rights and freedoms of users under applicable law.
Legitimate interests may include improving platform functionality, enhancing security measures, developing new features, conducting analytics and internal research, managing business operations, preventing abuse, and protecting the legal and commercial interests of WELLAT MARKETS INC.
6.1 Public Nature of Blockchain Transactions
Users expressly acknowledge and agree that transactions involving cryptocurrencies, digital assets, or blockchain-based instruments are recorded on decentralized and distributed ledger systems that operate independently of WELLAT MARKETS INC. Such blockchain networks are typically public in nature, meaning that transaction data, including wallet addresses, transaction hashes, timestamps, and related metadata, may be visible to third parties and accessible through blockchain explorers or similar tools.
WELLAT MARKETS INC does not control the underlying blockchain networks on which transactions are recorded and does not determine who may access or view blockchain data. Users understand and accept that blockchain transparency is an inherent characteristic of the technology and is not the result of any disclosure by WELLAT MARKETS INC.
6.2 Irreversibility and Immutability of On-Chain Data
Blockchain transactions are designed to be irreversible and immutable once confirmed on the relevant network. As a result, transactions cannot be modified, reversed, cancelled, or deleted by WELLAT MARKETS INC, the user, or any third party.
Users acknowledge that once a transaction is broadcast to a blockchain network and confirmed, it becomes a permanent record on that network. WELLAT MARKETS INC bears no responsibility and assumes no liability for losses, errors, or consequences arising from incorrect wallet addresses, incorrect transaction details, network congestion, user error, or any other circumstances resulting in irreversible blockchain transactions.
6.3 Limitations on Deletion or Modifications of Blockchain Records
While WELLAT MARKETS INC may delete, anonymize, or restrict access to certain off-chain personal data in accordance with applicable law, users acknowledge that on-chain blockchain data cannot be altered, erased, or rectified due to the technical design of distributed ledger systems.
Accordingly, rights relating to data deletion, rectification, or erasure do not apply to blockchain records that are maintained independently on public or decentralized networks. Users expressly waive any claim against WELLAT MARKETS INC arising from the inability to modify or delete such blockchain data.
6.4 User Acknowledgement of Blockchain Risks
By using the platform, users expressly acknowledge and accept all risks associated with blockchain technology, including but not limited to transparency, immutability, irreversibility, network delays, protocol changes, forks, and vulnerabilities inherent in decentralized systems.
Users further acknowledge that WELLAT MARKETS INC does not guarantee the security, functionality, or continued operation of any blockchain network and shall not be liable for any loss, damage, or adverse consequence resulting from blockchain-related risks beyond its reasonable control.
7.1 Obligation to Provide Accurate and Complete Information
Users represent, warrant, and undertake that all personal data, identification information, declarations, documents, and any other information provided to WELLAT MARKETS INC, whether during account registration, verification processes, platform usage, or ongoing engagement, are true, accurate, complete, current, and not misleading.
Users acknowledge that WELLAT MARKETS INC relies on the accuracy of the information supplied in order to provide services, comply with legal and regulatory obligations, conduct identity verification, perform risk assessments, and maintain platform security. Any reliance placed on user-provided information by WELLAT MARKETS INC is deemed reasonable.
7.2 Duty to Keep Information Updated
Users are solely responsible for promptly updating their personal data and account information in the event of any change, including but not limited to changes in legal name, address, nationality, tax residency, contact details, employment status, source of funds, source of wealth, or any other material information relevant to compliance, risk management, or service provision.
WELLAT MARKETS INC shall not be liable for any loss, delay, restriction, suspension, or termination of services arising from a user’s failure to maintain accurate and up-to-date information.
7.3 Consequences of Inaccurate, False, or Misleading Information
Where WELLAT MARKETS INC determines, in its sole and absolute discretion, that any information provided by a user is false, misleading, incomplete, outdated, or inconsistent, it reserves the right to take any action deemed necessary or appropriate, including but not limited to:
a. Requesting additional information or clarification
b. Suspending account access
c. Restricting transactions or withdrawals
d. Freezing assets pending verification
e. Terminating the user account
f. Reporting the matter to competent regulatory, law enforcement, or supervisory authorities where required or permitted by law
Such actions may be taken without prior notice where immediate action is necessary to comply with legal obligations or mitigate risk.
7.4 User Responsibility for Third-Party Data
Where a user provides personal data relating to third parties, including but not limited to beneficiaries, authorized representatives, corporate officers, shareholders, or strategy providers, the user represents and warrants that they have obtained all necessary authorizations, consents, and legal rights to disclose such information to WELLAT MARKETS INC.
The user agrees to indemnify and hold harmless WELLAT MARKETS INC from any claims, liabilities, losses, or damages arising from the unauthorized or improper disclosure of third-party data.
7.5 No Liability for Reliance on User-Provided Data
To the fullest extent permitted by applicable law, WELLAT MARKETS INC shall not be liable for any loss, damage, or adverse consequence arising from its reliance on information provided by users, including where such information later proves to be inaccurate, incomplete, fraudulent, or misleading.
Users expressly acknowledge that any services, decisions, or actions taken by WELLAT MARKETS INC based on user-provided data are undertaken in good faith and at the user’s own risk.
8.1 Cross-Border Nature of Processing
WELLAT MARKETS INC operates a global digital platform, and as such, personal data may be transferred to, processed in, or accessed from jurisdictions outside the user’s country of residence.
By using the Platform, users acknowledge and agree that their personal data may be transferred across international borders, including to jurisdictions that may not provide the same level of data protection as their home country.
8.2 Global Infrastructure and Third-Party Services
Personal data may be processed and stored on servers, cloud infrastructure, or systems located in multiple jurisdictions where WELLAT MARKETS INC, its affiliates, or its service providers operate.
This includes, but is not limited to, data processing by:
a. Cloud hosting and infrastructure providers
b. Identity verification and compliance service providers
c. Payment processors and blockchain analytics providers
d. Security, analytics, and monitoring vendors
WELLAT MARKETS INC does not guarantee that all such jurisdictions maintain equivalent data protection standards.
8.3 Legal Basis for International Transfers
International transfers of personal data are carried out on one or more of the following lawful bases:
a. Performance of contractual obligations between the user and WELLAT MARKETS INC
b. Compliance with legal and regulatory requirements
c. Legitimate business interests, including fraud prevention, risk management, and platform security
d. User consent, where required under applicable law
Users acknowledge that such transfers are necessary for the operation and availability of the Platform.
8.4 Safeguards and Protective Measures
WELLAT MARKETS INC implements commercially reasonable safeguards to protect personal data transferred internationally, including contractual protections, access controls, encryption measures, and internal data governance policies.
Notwithstanding the foregoing, users acknowledge that no system or jurisdiction can guarantee absolute security of personal data.
8.5 Disclosure to Foreign Authorities
WELLAT MARKETS INC may disclose personal data to regulatory authorities, courts, law enforcement agencies, or governmental bodies in foreign jurisdictions where required by applicable law, regulation, or legal process.
Such disclosures may occur without prior notice to the user where permitted or required by law.
8.6 User Consent and Acknowledgement
By accessing or using the Platform, users expressly consent to the international transfer, processing, and storage of their personal data as described in this Privacy Policy.
Users further acknowledge that refusal to permit such transfers may result in the inability of WELLAT MARKETS INC to provide services, and may lead to account restrictions, suspension, or termination.
8.7 Limitation of Liability
To the fullest extent permitted by law, WELLAT MARKETS INC shall not be liable for any loss, damage, or risk arising from the transfer of personal data to jurisdictions with differing data protection laws, provided that such transfers are carried out in good faith and in accordance with this Privacy Policy.
9.1 General Statement of User Rights
WELLAT MARKETS INC recognizes and respects the rights of users in relation to their personal data. Subject to applicable laws, regulations, and lawful exemptions, users may exercise certain rights concerning the collection, use, storage, and disclosure of their personal information.
These rights are not absolute and may be limited where necessary to comply with legal obligations, regulatory requirements, public interest considerations, fraud prevention, security measures, or the protection of WELLAT MARKETS INC’s legitimate business interests.
9.2 Right of Access
Users have the right to request confirmation as to whether WELLAT MARKETS INC processes personal data relating to them and, where applicable, to request access to such personal data.
This includes, but is not limited to, data processing by:
a. The categories of personal data processed d. The expected retention period e. The existence of applicable user rights
b. The purposes of processing
c. The categories of recipients to whom data may be disclosed
d. The expected retention period
e. The existence of applicable user rights
WELLAT MARKETS INC may refuse or limit access where permitted by law, including where disclosure would adversely affect the rights of other users, compromise security, or interfere with regulatory obligations.
9.3 Right to Recification
Users have the right to request the correction of inaccurate, outdated, or incomplete personal data held by WELLAT MARKETS INC.
Where personal data is required for compliance, verification, or regulatory purposes, users acknowledge that corrections may be subject to additional verification procedures and supporting documentation.
9.4 Right to Erasure (Right to be Forgotten)
Users may request the deletion of personal data where such data is no longer necessary for the purposes for which it was collected, or where processing is no longer lawful.
Notwithstanding the above, WELLAT MARKETS INC may retain personal data where retention is required or permitted by law, including for AML/CFT compliance, fraud prevention, dispute resolution, legal defense, regulatory reporting, or record-keeping obligations.
9.5 Right of Restriction of Processing
Users may request that WELLAT MARKETS INC restrict the processing of their personal data in certain circumstances, including where:
a. The accuracy of the data is contested
b. Processing is unlawful but deletion is opposed
c. Data is no longer needed by WELLAT MARKETS INC but required by the user for legal claims
During periods of restriction, personal data may be stored but not actively processed, except as permitted by law.
9.6 Right to Object to Processing
Users may object to the processing of personal data where such processing is based on legitimate interests, direct marketing, or profiling.
WELLAT MARKETS INC may continue processing where it demonstrates compelling legitimate grounds that override the interests, rights, and freedoms of the user, or where processing is necessary for the establishment, exercise, or defense of legal claims.
9.7 Right to Data Portability
Where applicable, users may request to receive certain personal data in a structured, commonly used, and machine-readable format, or request that such data be transmitted to another service provider where technically feasible.
This right applies only to personal data provided directly by the user and processed by automated means, and does not apply to derived, inferred, or proprietary data.
9.8 Automated Decision-Making and Profiling
Users acknowledge that WELLAT MARKETS INC may use automated systems and profiling tools for risk assessment, fraud prevention, compliance monitoring, transaction screening, and service optimization.
Where required by applicable law, users may request human review of certain automated decisions, subject to regulatory limitations and internal control requirements.
9.9 Exercise of Rights and Verification
Requests to exercise data protection rights must be submitted through WELLAT MARKETS INC’s official communication channels and may be subject to identity verification procedures to prevent unauthorized access or disclosure.
WELLAT MARKETS INC reserves the right to refuse, delay, or limit responses where requests are manifestly unfounded, excessive, repetitive, or abusive, or where compliance would violate legal or regulatory obligations.
9.10 No Waiver of Regulatory Obligations
The exercise of user rights under this Privacy Policy does not override or limit WELLAT MARKETS INC’s obligations under applicable financial, regulatory, compliance, or law enforcement requirements.
10.1 International Nature of Operations
Users acknowledge and agree that WELLAT MARKETS INC operates an international digital platform and that, by using the services, personal data may be transferred to, processed in, or stored in jurisdictions outside the user's country of residence, including jurisdictions with different or less stringent data protection laws.
Such transfers are necessary for the operation, security, maintenance, compliance, and continuous improvement of the Platform.
10.2 Jurisdictions of Data Processing
Personal data may be transferred to or accessed from jurisdictions where WELLAT MARKETS INC, its affiliates, service providers, infrastructure partners, compliance vendors, cloud hosting providers, or professional advisors operate, including but not limited to Panama and other global jurisdictions.
WELLAT MARKETS INC does not guarantee that all recipient jurisdictions provide an equivalent level of data protection to the user's home jurisdiction.
10.3 Legal Basis for Cross-Border Transfers
Cross-border transfers of personal data are carried out on one or more of the following legal bases, as applicable:
a. User consent obtained through acceptance of this Privacy Policy
b. Necessity for the performance of contractual obligations
c. Compliance with legal, regulatory, or supervisory requirements
d. Legitimate business interests, including fraud prevention, security, and platform integrity
Where required by applicable law, additional safeguards may be implemented to ensure lawful transfers.
10.4 Safeguards and Security Measures
WELLAT MARKETS INC implements reasonable administrative, technical, and organizational safeguards to protect personal data transferred across borders, including access controls, encryption, confidentiality obligations, and contractual commitments with third-party recipients.
However, users expressly acknowledge that no data transmission or storage system can be guaranteed to be completely secure, and WELLAT MARKETS INC does not warrant absolute protection against unauthorized access, interception, or misuse.
10.5 Third-Party Data Recipients
Personal data transferred across borders may be shared with third-party service providers solely for legitimate operational purposes, including:
a. Cloud hosting and data storage
b. Identity verification and compliance screening
c. Payment processing
d. Security monitoring and fraud detection
e. Legal, accounting, and regulatory advisory services
Such third parties are required to process personal data only in accordance with WELLAT MARKETS INC’s instructions and applicable contractual obligations, subject to legal limitations.
10.6 User Acknowledgment and Acceptance
By accessing or using the Platform, users expressly consent to the cross-border transfer, processing, and storage of their personal data as described in this Privacy Policy.
Where consent is withdrawn, users acknowledge that WELLAT MARKETS INC may be unable to continue providing certain services, and accounts may be restricted, suspended, or terminated in accordance with applicable terms and laws.
10.7 Regulatory and Law Enforcement Disclosures
Notwithstanding any other provision of this Privacy Policy, WELLAT MARKETS INC may transfer personal data to foreign regulatory authorities, courts, law enforcement agencies, or government bodies where required or permitted by law, without prior notice to the user.
11.1 General Retention Principles
WELLAT MARKETS INC retains personal data only for as long as is reasonably necessary to fulfill the purposes for which such data was collected, including the provision of services, compliance with legal and regulatory obligations, enforcement of contractual rights, dispute resolution, fraud prevention, security monitoring, and legitimate business operations.
Retention periods are determined based on the nature of the data, the purpose of processing, legal requirements, risk considerations, and operational necessity.
11.2 Retention for Regulatory and Compliance Purposes
Notwithstanding any user request for deletion, WELLAT MARKETS INC may retain personal data where retention is required or permitted by applicable laws, regulations, or supervisory obligations, including but not limited to:
a. Anti-Money Laundering and Counter-Terrorist Financing laws
b. Know-Your-Customer and identity verification requirements
c. Transaction monitoring and reporting obligations
d. Tax, accounting, and financial record-keeping obligations
e. Regulatory audits, investigations, or examinations
Such data may be retained even after account closure or termination.
11.3 Account and Transaction Data
Personal data relating to user accounts, transactions, trading activity, deposits, withdrawals, communications, and compliance records may be retained for a minimum period required under applicable laws or for such longer period as necessary to protect the legal, regulatory, and commercial interests of WELLAT MARKETS INC.
This includes records necessary to investigate suspicious activity, resolve disputes, or respond to legal claims.
11.4 Data Related to Legal Claims and Disputes
Where personal data is relevant to actual or anticipated disputes, litigation, arbitration, regulatory proceedings, or enforcement actions, WELLAT MARKETS INC may retain such data until the matter has been fully resolved and any applicable limitation periods have expired.
11.5 Anonymization and Aggregation
Where feasible, WELLAT MARKETS INC may anonymize or aggregate personal data so that it no longer identifies an individual user. Anonymized or aggregated data may be retained indefinitely for analytical, statistical, security, research, or business improvement purposes.
Such data is not considered personal data once anonymized.
11.6 Secure Storage and Access Controls
Personal data is stored using commercially reasonable technical and organizational safeguards designed to prevent unauthorized access, alteration, disclosure, or destruction.
Access to personal data is limited to authorized personnel, service providers, and contractors who require such access for legitimate business, legal, or compliance purposes.
11.7 Deletion and Destruction of Data
Upon expiration of the applicable retention period, personal data will be securely deleted, destroyed, or irreversibly anonymized in accordance with WELLAT MARKETS INC's internal data management policies and applicable legal requirements.
Deletion requests submitted by users will be assessed in accordance with this Privacy Policy and applicable laws, and may be denied or delayed where retention is legally required.
11.8 No Guarantee of Immediate Deletion
Users acknowledge that deletion of personal data may not occur immediately due to technical limitations, backup systems, legal holds, security requirements, or regulatory obligations.
WELLAT MARKETS INC shall not be liable for delays in deletion where such delays are lawful and reasonable.
13.1 Detection and Response Procedures
WELLAT MARKETS INC implements comprehensive monitoring, detection, and response systems to identify potential data breaches, security incidents, unauthorized access, or system vulnerabilities. These procedures include, but are not limited to:
a. Continuous monitoring of platform infrastructure, applications, and databases for suspicious activity
b. Automated alerts and anomaly detection to identify potential security threats
c. Incident response teams trained to analyze, contain, and remediate security events promptly
d. Internal investigation protocols to determine the scope, impact, and source of any breach
Users acknowledge that, despite robust technical and organizational measures, no system can guarantee absolute protection against cyberattacks, hacking, or unauthorized access.
13.2 Regulatory Notification Obligations
Where a data breach or security incident involves personal data, WELLAT MARKETS INC shall comply with all applicable regulatory, legal, and supervisory reporting obligations, including notification to the relevant data protection authority or financial regulatory body.
Notifications will be made in accordance with Panamanian law and other applicable international legal requirements, within the prescribed timeframes, and will contain sufficient details for regulators to understand the scope, cause, and mitigation measures taken.
13.3 User Notification Where Required
In the event that a breach materially affects user personal data or platform security, WELLAT MARKETS INC may notify affected users via official communication channels, including email, platform notifications, or other appropriate means.
Notifications will include:
a. Description of the nature of the incident
b. Types of personal data potentially affected
c. Recommended measures for users to mitigate potential harm
d. Contact information for further inquiries or support
Users acknowledge that notification may be delayed or limited where immediate disclosure could compromise ongoing investigations, platform security, or compliance with legal obligations.
13.4 Limitation of Liability for Cyber Incidents
To the fullest extent permitted by law, WELLAT MARKETS INC shall not be liable for any direct or indirect loss, damage, cost, or expense arising from cyber incidents, data breaches, unauthorized access, hacking, malware, phishing, distributed denial-of-service (DDoS) attacks, or any other security events, except where such loss arises from gross negligence or willful misconduct by WELLAT MARKETS INC.
Users are responsible for implementing their own security measures, including but not limited to strong passwords, two-factor authentication, secure storage of access credentials, and safeguarding of devices used to access the Platform. WELLAT MARKETS INC expressly disclaims any liability for losses resulting from compromised user credentials or devices.
14.1 Right of Access
Users have the right to request confirmation of whether WELLAT MARKETS INC processes personal data relating to them. Where personal data is processed, users may request access to such information, including:
a. The categories of personal data held
b. Purposes for which the data is processed
c. Recipients or categories of recipients of the data
d. Retention periods or criteria used to determine retention
e. The existence of automated decision-making, including profiling
Requests must be submitted via official WELLAT MARKETS INC communication channels. Access may be restricted or limited where disclosure could compromise security, regulatory obligations, or rights of other users.
14.2 Right to Rectification
Users may request correction of inaccurate, incomplete, or outdated personal data. WELLAT MARKETS INC may require supporting documentation to verify the requested changes.
Rectification will be completed within a reasonable timeframe and without undue delay, subject to compliance with legal and regulatory obligations.
14.3 Right to Erasure (Where Applicable)
Users may request deletion of personal data where such data is no longer necessary for the purposes collected, or where processing is unlawful.
Notwithstanding any user request, WELLAT MARKETS INC may retain data where required by law, regulatory obligations, risk mitigation, or for the defense of legal claims. Users acknowledge that deletion requests may not result in immediate removal from all backups or logs due to technical or legal limitations.
14.4 Right to Restrict or Object to Processing
Users may request restriction of processing under certain conditions, including where:
a. The accuracy of personal data is contested
b. Processing is unlawful but erasure is opposed
c. Data is no longer necessary for the original purpose but required for legal claims
d. Processing is based on legitimate interests and the user objects
Where processing is restricted, personal data may be stored but not actively used, except as permitted by law.
14.5 Right to Data Portability
Where technically feasible, users may request personal data provided directly by them in a structured, commonly used, machine-readable format for transfer to another service provider.
This right applies only to data supplied by the user and processed automatically. Derived, inferred, or proprietary data is excluded from portability requests.
14.6 Limitations on User Rights
User rights may be limited or delayed in the following circumstances:
a. Compliance with legal or regulatory obligations
b. Prevention or investigation of fraud, abuse, or security threats
c. Protection of WELLAT MARKETS INC legitimate interests, rights, or property
d. Protection of the rights or privacy of other users or third parties
WELLAT MARKETS INC will notify users where limitations are applied, unless prohibited by law.
14.7 Identity Verification for Rights Requests
All requests to exercise user rights must include sufficient identity verification to prevent unauthorized access or disclosure of personal data.
WELLAT MARKETS INC may refuse or delay requests where verification cannot be satisfactorily completed or where requests are manifestly excessive, repetitive, or abusive.
16.1 Transactional Communications
WELLAT MARKETS INC may send users communications necessary for the operation of the Platform, including:
a. Account registration confirmation and authentication messages
b. Transaction alerts, deposit and withdrawal confirmations
c. Security notices, including password changes, suspicious login attempts, or suspected fraud
d. System updates, maintenance notifications, and other service-related messages
Such communications are essential to the proper functioning and security of user accounts. Users are not required to opt-in for these messages, as they are considered mandatory service communications.
16.2 Marketing and Promotional Messages
WELLAT MARKETS INC may send marketing and promotional messages about its products, services, offers, events, or third-party promotions where legally permissible.
Marketing communications may include:
Newsletters, email campaigns, and SMS notifications
Platform notifications and in-app messages
Promotional offers, bonuses, or referral programs
Users acknowledge that marketing communications are optional and may require prior consent in certain jurisdictions.
16.3 Opt-Out Mechanisms
Users may opt out of marketing or promotional communications at any time by:
a. Following unsubscribe links included in email or SMS campaigns
b. Adjusting communication preferences within their account settings
c. Contacting WELLAT MARKETS INC via official support channels
Opting out of marketing communications will not affect users' ability to receive transactional or service-critical communications, which are mandatory for account operation and legal compliance.
16.4 Service-Related Notices
WELLAT MARKETS INC may provide important service-related notices to users regarding:
Platform maintenance or updates
Changes in terms, policies, or fees
Security advisories or alerts
Regulatory or compliance notifications
Users acknowledge that receipt of service-related notices is required and that failure to read such notices does not relieve users of obligations or liabilities under these Terms or applicable law.
WELLAT MARKETS INC shall not be liable for losses, delays, or damages arising from user failure to receive or act upon service-related communications, provided such communications were sent through official channels.
17.1 Age Restrictions
WELLAT MARKETS INC does not permit the use of its services by individuals under the age of 18, or under the age of majority in their jurisdiction, whichever is higher.
Users represent and warrant that they meet the minimum age requirement when registering or using the Platform. Any accounts found to be associated with minors will be suspended or terminated immediately.
17.2 No Intentional Collection From Minors
WELLAT MARKETS INC does not knowingly collect personal information from children. If it is discovered that personal data of a minor has been collected without verifiable consent from a parent or guardian, WELLAT MARKETS INC will take steps to delete the data promptly and terminate any associated account.
Parents or guardians who believe their child's data may have been collected are encouraged to contact WELLAT MARKETS INC immediately to request corrective action.
18.1 Automated AML, Compliance, and Risk Scoring Systems
WELLAT MARKETS INC employs advanced automated systems, algorithms, artificial intelligence, and data analytics tools to conduct real-time and retrospective assessments of user accounts, transactions, and activities for the purposes of anti-money laundering (AML), counter-terrorist financing (CFT), sanctions compliance, fraud detection, and overall risk management.
Such systems may generate risk scores, flags, alerts, or classifications based on predefined and adaptive criteria, including but not limited to transactional behavior, geographic indicators, device information, historical activity, and associations with known or suspected risk factors.
18.2 Continuous Transaction Monitoring and Behavioral Surveillance
All user activity on the Platform may be subject to continuous automated monitoring, surveillance, and analysis. This includes, without limitation, deposits, withdrawals, trading activity, account interactions, and communication patterns.
WELLAT MARKETS INC reserves the right to monitor, track, analyze, and record user behavior for the purposes of identifying suspicious, irregular, abusive, or prohibited conduct, including attempts to circumvent security, compliance, or operational controls.
18.3 Fully Automated Decision-Making Without Prior Notice
Users expressly acknowledge and agree that WELLAT MARKETS INC may rely on fully automated decision-making processes, without prior notice or human intervention, to take actions affecting user accounts.
Such actions may include, but are not limited to:
a. Temporary or permanent account restrictions
b. Suspension or termination of accounts
c. Blocking or delaying transactions
d. Freezing of funds or assets
e. Imposition of enhanced due diligence or verification requirements
WELLAT MARKETS INC shall not be obligated to provide prior notice, explanation, or manual review of such decisions where doing so may compromise security, compliance obligations, or risk management processes.
18.4 No Obligation to Disclose Logic or Criteria
To the fullest extent permitted by law, WELLAT MARKETS INC is not required to disclose the existence, logic, methodology, criteria, or internal workings of its automated systems, risk models, or decision-making processes.
Users acknowledge that such systems constitute proprietary and confidential information, and disclosure may compromise the effectiveness of fraud prevention, compliance measures, and platform security.
18.5 Compliance-Driven Enforcement and Reporting
Automated systems may trigger mandatory compliance actions, including reporting to regulatory authorities, financial intelligence units, or law enforcement agencies, where suspicious or prohibited activity is detected.
Users agree that WELLAT MARKETS INC may take such actions without notice and shall not be liable for any resulting loss, delay, restriction, or reputational impact.
18.6 Assumption of Risk and Limitation of Liability
Users expressly accept and assume all risks arising from automated monitoring, profiling, and decision-making processes.
To the fullest extent permitted by applicable law, WELLAT MARKETS INC shall not be liable for any direct, indirect, incidental, or consequential loss arising from automated decisions, including but not limited to account restrictions, transaction delays, loss of trading opportunities, or asset freezes, provided such actions are taken in good faith for compliance, security, or risk management purposes.
19.1 External Links Disclaimer
The Platform may provide links to third-party websites, services, or applications ("Third-Party Services") for informational or operational purposes.
These links are provided for convenience only, and WELLAT MARKETS INC does not control, endorse, or guarantee the accuracy, content, security, or legality of any third-party site or service. Accessing third-party links is at the user's own risk.
19.2 No Responsibility for Third-Party Privacy Practices
WELLAT MARKETS INC is not responsible for the privacy practices, data collection methods, or security measures of any third-party websites or services.
Users are encouraged to review the privacy policies and terms of service of any third-party service before providing personal information or engaging with them.
20.1 Cooperation With Authorities
WELLAT MARKETS INC is committed to full cooperation with regulatory, supervisory, and law enforcement authorities in Panama and other relevant jurisdictions.
Users acknowledge and agree that WELLAT MARKETS INC may provide information about accounts, transactions, or user activity to authorities upon lawful request, including:
a. Identity verification and KYC data
b. Transaction history and account balances
c. Evidence of suspicious, fraudulent, or unlawful activity
Cooperation may include responding to subpoenas, court orders, regulatory investigations, or requests from competent authorities, without prior notice to the user where legally permitted.
20.2 Disclosure Under Existing or Future Laws
WELLAT MARKETS INC may disclose user information as required by applicable laws, regulations, or governmental orders, whether current or enacted in the future.
This includes, but is not limited to:
a. Tax reporting obligations
b. Anti-money laundering (AML) and counter-terrorist financing (CFT) compliance
c. Securities, derivatives, or cryptocurrency-related regulatory obligations
d. International agreements on information sharing
Users acknowledge that such disclosures are mandatory, and WELLAT MARKETS INC is not liable for any consequences arising from legal or regulatory reporting requirements.
20.3 Cross-Jurisdictional Compliance
Given the international nature of trading and copy-trading services, WELLAT MARKETS INC may comply with foreign laws, regulations, or supervisory requests even if they differ from Panamanian requirements.
Users understand and agree that:
a. Cross-border disclosures may occur for regulatory, compliance, or legal purposes
b. WELLAT MARKETS INC is entitled to prioritize compliance with multiple jurisdictions simultaneously
c. Such disclosures are made in good faith to protect the integrity of the Platform, prevent unlawful activity, and fulfill legal obligations
This Section constitutes a safe-harbor framework, protecting WELLAT MARKETS INC from liability arising from lawful regulatory cooperation or disclosures conducted in accordance with applicable laws.
21.1 No Warranty as to Data Accuracy
WELLAT MARKETS INC makes commercially reasonable efforts to ensure the accuracy, completeness, and reliability of personal data it collects and processes. However, users acknowledge that WELLAT MARKETS INC does not guarantee the absolute accuracy or completeness of any data.
Users are responsible for reviewing and verifying the accuracy of information they provide and for promptly updating any changes. WELLAT MARKETS INC shall not be liable for any loss, damage, or inconvenience arising from inaccuracies, omissions, or outdated information provided by users or third parties.
21.2 No Liability for Indirect or Consequential Loss
To the fullest extent permitted by law, WELLAT MARKETS INC shall not be liable for any indirect, incidental, consequential, special, punitive, or exemplary damages, including but not limited to loss of profits, data, goodwill, or business opportunities, arising out of or related to the processing, storage, or management of personal data, even if WELLAT MARKETS INC has been advised of the possibility of such damages.
21.3 User Assumption of Risk
Users acknowledge and accept that the use of the Platform and the provision of personal data carries inherent risks, including potential unauthorized access, cyberattacks, and technological failures. By using the Platform, users assume responsibility for these risks and agree that WELLAT MARKETS INC is not liable for losses resulting from such risks, except in cases of gross negligence or willful misconduct.
22.1 Governing Law of the Republic of Panama
This Privacy Policy and all matters related to the collection, processing, and protection of personal data shall be governed by and construed in accordance with the laws of the Republic of Panama, without regard to conflict-of-law provisions.
22.2 Jurisdiction and Venue
Any disputes arising out of or in connection with this Privacy Policy shall be subject to the exclusive jurisdiction of the courts of Panama City, Republic of Panama. Users consent to the personal jurisdiction of these courts and waive any objections related to venue or forum.
23.1 Right to Modify
WELLAT MARKETS INC reserves the right to modify, amend, or update this Privacy Policy at any time in order to reflect changes in business practices, legal requirements, or regulatory obligations.
Users will be notified of material changes via email, platform notifications, or by other reasonable means.
23.2 Effective Date of Changes
Unless otherwise specified, changes to this Privacy Policy become effective immediately upon publication on the Platform. Users are encouraged to regularly review this Privacy Policy to stay informed of updates.
23.3 Continued Use as Acceptance
Continued use of the Platform following any updates to this Privacy Policy constitutes acceptance of the revised terms. Users who do not agree with the changes must cease using the Platform and may contact WELLAT MARKETS INC to request account closure.
24.1 How to Contact WELLAT MARKETS INC
Users may contact WELLAT MARKETS INC regarding privacy-related matters or inquiries using the following official channels:
Email: [email protected]
Address: 55th Street East, P.H. SL55 Building, Floor 21, Suite 3, Panama City, Republic of Panama
Users are encouraged to submit questions, requests, or concerns regarding data processing, security measures, or this Privacy Policy via these channels.
24.2 Privacy-Related Complaints
Any complaints regarding the handling of personal data will be acknowledged promptly. WELLAT MARKETS INC will investigate complaints in accordance with internal policies and applicable law, and provide a response within a reasonable timeframe.
Users may also contact Panamanian data protection authorities if unsatisfied with the resolution provided by WELLAT MARKETS INC.