This Privacy Policy describes how OTrade ("we", "our", or "us") collects, uses, processes, and protects your information when you use our mobile application and related services.
Important: By accessing or using OTrade, you agree to the terms of this Privacy Policy. If you do not agree with any part of this policy, you should discontinue use of the Application.
1. About the Application
OTrade is a simulation-based trading application developed for educational and practice purposes only. The Application allows users to experience trading in a simulated environment using virtual currency.
What OTrade Does:
- Provides a simulated trading environment
- Uses virtual currency for practice trades
- Does not provide real trading services
- Does not connect to real financial markets
- Does not involve real money transactions
All trading activities within the app are conducted using demo data and virtual balances. The purpose is to help users understand trading concepts and practice strategies without financial risk.
2. Scope of This Privacy Policy
This Privacy Policy applies to all users of the Application and covers:
- Information collected directly from users
- Information collected automatically through device interaction
- Data processing practices
Note: This policy does not apply to third-party services that may be linked or integrated into the Application.
3. Information We Collect
We collect limited information necessary to operate, maintain, and improve the Application.
3.1 Personal Information
We may collect the following personal information:
- Mobile number used for account creation
- Name (if provided voluntarily by the user)
This information is used only for basic identification and account management within the Application.
3.2 Device Information
We may automatically collect certain technical information about your device, including:
- Device model and manufacturer
- Operating system and version
- App version and build number
- Unique device identifiers (where applicable)
This information helps us ensure compatibility and improve app performance.
3.3 Usage Data
We collect information about how users interact with the Application, such as:
- Features accessed within the app
- Screen interactions
- Session duration
- Navigation patterns
We may also collect crash reports and performance logs to identify and fix technical issues.
4. Use of Mobile Number
Your mobile number is used solely for creating and managing your demo account within the Application.
Permitted Uses:
- User identification
- Account access
- Basic account management
Important Clarification
OTrade uses a simulated verification mechanism for demonstration purposes only. No real OTP verification or telecom authentication is performed.
The verification interface within the app is non-functional and intended only to demonstrate a typical user experience. No actual verification is carried out.
5. How We Use Information
We use collected information for the following purposes:
- To provide and maintain the Application
- To improve app functionality and performance
- To enhance user experience
- To detect and fix bugs or technical issues
- To analyze usage trends and user behavior
We do not use your information for profiling, automated decision-making, or financial assessment.
6. No Financial Information
OTrade does not collect, process, or store any financial information.
Specifically:
- No payment details are collected
- No banking or card information is required
- No financial transactions are processed
All balances, profits, and losses displayed within the app are virtual and exist only within the simulation environment.
7. Data Processing Principles
We follow basic data protection principles, including:
- Collecting only necessary data
- Using data for specified purposes
- Limiting data access to authorized systems
- Retaining data only as long as needed
We do not collect excessive or unnecessary personal information.
8. Third-Party Services
The Application may use third-party services such as:
- Analytics platforms (e.g., Firebase Analytics)
- Crash reporting tools
- Advertising networks (e.g., Google AdMob)
These services may collect limited technical information such as device data and usage statistics.
Important: Each third-party service operates under its own privacy policy. We are not responsible for their practices.
10. Data Security
We implement reasonable technical and organizational measures to protect user data from unauthorized access, misuse, or loss.
Security Note: However, no system is completely secure. While we strive to protect your data, we cannot guarantee absolute security.
Users are encouraged to:
- Use secure devices
- Keep their account information confidential
11. Data Retention
We retain user data only for as long as necessary to:
- Provide the Application
- Improve services
- Comply with legal obligations
Unused or inactive account data may be removed periodically.
12. Children's Privacy
OTrade is not intended for users under the age of 13.
We do not knowingly collect personal information from children. If we become aware that such data has been collected, we will take steps to remove it promptly.
Parents or guardians may contact us if they believe a child has provided personal information.
13. User Rights
Depending on applicable laws, users may have certain rights regarding their data, including:
- Access to personal data
- Request for correction
- Request for deletion
Users may contact us to request such actions.
14. Accuracy of Information
While we strive to maintain accurate data, we rely on user-provided information and system-generated data.
We do not guarantee that:
- All information is accurate
- All data is up to date
Users are responsible for ensuring that the information they provide is correct.
15. Application Behavior and Simulation Disclaimer
The Application operates using simulated systems.
This means:
- Data may not reflect real market conditions
- Outcomes are generated for demonstration purposes
- Performance results are not indicative of real-world trading
Users should not rely on the Application for real financial decisions.
16. Changes to This Privacy Policy
We may update this Privacy Policy periodically to reflect changes in:
- Legal requirements
- Application features
- Data practices
Updates will be indicated by revising the "Last Updated" date.
Continued use of the Application after changes constitutes acceptance of the updated policy.
17. External Links
The Application may contain links to external websites or services.
We are not responsible for:
- Content of external sites
- Privacy practices of third parties
Users should review third-party policies before interacting with such services.
18. Limitation of Liability
OTrade shall not be held responsible for:
- Any misuse of user data by third parties
- Any damages resulting from app usage
- Any misunderstanding of simulated features
The Application is provided on an "as is" basis.
19. International Use
If the Application is accessed from different regions, users are responsible for compliance with local laws.
We do not guarantee that the Application is appropriate for use in all jurisdictions.
20. Contact Information
If you have any questions, concerns, or requests regarding this Privacy Policy, you may contact us at:
Email: info@OTrade.co.in
Final Statement
OTrade is a demo-based trading simulator designed for educational purposes only. The Application does not involve real money, real trading, or financial transactions. All user activity is conducted within a simulated environment.