Privacy and Security Policy

As an Ong First Tradition client, we are always dedicated in serving you and are committed to safeguard the privacy of your information. By entrusting important personal information to us, we assure you that we prioritize in protecting and safeguarding this information obtained.

Sources of Information

The main source of information is collected from the account opening application form you have submitted to Ong First Tradition when you established a relationship with us. Furthermore, we may require other additional information as and when in order to open an account with Ong First Tradition.

Information obtained from you

If you have established a relationship with Ong First Tradition as a capacity of an individual, corporate, institutional, or other investment vehicle acting on your behalf, the information we collected from you would include:

 

  • Your account type, name, address and country.
  • Your email address and your contact number.
  • Your trading interest on which kind of our products.
  • Any other necessary information required for the processing of account

 

We would not require further information other than what is necessary for the sole purpose of opening an account with us. However, failure to provide us with the necessary information will lead to unnecessary delays in processing your account. While we make an effort to keep the personal information obtained up-to-date, you can help us by informing us of any changes and we will update our records.

Usage of Your Personal Information

We may use your personal information in the following:

 

  • To administer and maintain your account with Ong First Tradition.
  • Contact you either by phone, telex, post, or email in relation with your account.
  • Providing information or recommendations to you on the products and services provided by Ong First Tradition.
  • To facilitate our business flows / operations in order to manage the risks and to meet the regulatory requirements.

In the event that you decided to terminate your relationship with Ong First Tradition, we will still keep and protect the confidentiality of your internal records.

 

Marketing Promotions
Occasionally,we may collect personal information from visitors to this site and those individuals that participate in a contest or promotion (online or over the telephone). Such information is only collected from individuals who voluntarily provide us with their personal information. We may use this information to advise them of products, services and other marketing materials, which we think, maybe of interest to them. We may also invite visitors to this site to participate in market research and surveys and other similar activities.
You can choose to receive marketing and other promotional materials by email. If you do receive email or promotional direct mailings, you will always have an opportunity to opt-out by clicking the ‘unsubscribe’ link in the email.

  

Disclosure of Information

Ong First Tradition may disseminate the information:

 

  • internally within the firm or
  • to the regulatory bodies that is required by law.

 

Please be assured that Ong First Tradition will not disclose your information to any third parties unless being instructed by you.

Cookies

Your visit to our website may be recorded for the purpose of the frequency of usage to our website to identify repeat visitors to our website and the path they have taken on our website. Cookies are small text files that are automatically stored on a person's web browser in their computer for tracking purposes.

Data Transfer by Email

Email Messages sent to Ong First Tradition over the Internet is considered unsafe and there is no guarantee that it is completely secured. Ong First Tradition will not be responsible in any manner, either directly or indirectly for any accidents, injury or loss or damages of any personal belongings that may arise as a result of clients sending email messages to Ong First Tradition through the internet or vice versa.

Transmission of Data over the Internet

Due to the nature of the Internet, transactions may be subject to interruption, interception, transmission blackout, delayed transmission and incorrect data transmission. Regardless of any security measures taken by Ong First Tradition, we shall assume no responsibility whatsoever for any loss or expense resulting from such delays, interruptions and/or interceptions.

Changes to the Privacy Policy

Ong First Tradition may from time to time update and make changes to our privacy policy on our website. We suggest that you frequently visit our website to check for any updates made on our privacy policy.

English Version to Prevail

If there are any inconsistencies or ambiguity in the English meanings of the above terms and conditions being translated to other languages, the English version of the language shall prevail.

 

Security


Data Security

 

Downloading
We do not represent or warrant that the Website will be available and meet your requirements, that access will not be interrupted, that there will be no delays, failures, errors or omissions or loss of transmitted information, that no viruses or other contaminating or destructive properties will be transmitted or that no damage will occur to your computer system.
You have sole responsibility for adequate protection and back up of data and/or equipment and for undertaking reasonable and appropriate precautions to scan for computer viruses orother destructive properties. We make no representations or warranties regarding the accuracy, functionality or performance of any third party software that may be used in connection with the website.

Hyperlinks from Ong First to Third Party Websites
Ong First is not responsible for the contents available on or the set-up of any other websites linked to the Website. These hyperlinks lead to websites published or operated by third parties who are not affiliated with or in any way related to Ong First. Access to and use of such other websites is at the user’s own risk and subject to any terms and conditions applicable to such access/use.
By providing hyperlinks to a third party website or webpage, Ong First shall not be deemed to endorse, recommend, approve, guarantee or introduce any third parties or the services/products they provide on their websites, or to have any form of cooperation with such third parties and websites unless otherwise stated by Ong First and/or its member companies.
We are not in any way responsible for the content of any third party website or webpage. Ong First is not a party/parties to any contractual arrangements entered into between you and the provider of the third party website unless otherwise expressly specified or agreed to by Ong First.
Any links to websites that contain downloadable software are provided for your convenience only. We are not responsible for any difficulties you may encounter in downloading the software or for any consequences from your doing so. Please remember that the use of any software downloaded from the Internet maybe governed by a licence agreement and your failure to observe the terms of such licence agreement may result in an infringement of intellectual property rights of the relevant software provider, which we are not in any way responsible.

 

Hyperlinks from Third Party Websites to Ong First
You must always obtain the prior written approval of Ong First before creating a hyperlink in any form from a third party website to Ong First website or webpage. Ong First may or may not give such approval at its absolute discretion.

 

Potential Limitations of E-Trading

Whilst E-Trading provides convenient trading facilities 24 hours a day, trading through an electronic trading or order routing system exposes you to risks associated with system or component failure, such as:

Possibility of delays in order transmission and confirmation of order execution;

Not being able to withdraw any orders in time. Entering of new orders, executing of existing orders, or modifications or cancellation of orders that were previously entered were unable to be carried out for a certain time period; Loss of orders or order priority.

If you encounter any problems, please contact Ong First Tradition Pte Ltd‘s 24-hour customer service desk which operates from Monday to Saturday (till 5.15 a.m. during normal market conditions). The respective numbers to call are as follows:

 

Financial Futures (Retail)

Tel     : +65 6221 7455

Financial Futures (Institutions)

Tel     : +65 6221 3733

Foreign Exchange

Tel     : +65 6227 1788

Commodities and Metals

Tel     : +65 6372 1708

Kindly note that our endeavour to provide support service is dependent on market’s availability and accessibility.

Safety Tips for E-Trading

 

  • NEVER reveal your password to anyone. Be suspicious of any person/ email asking you to provide sensitive trading account information.
  • If you receive such request from anyone/ emails, do take extra precaution to verify that the source is known to be genuine. Do not reply to the person or the email or click on any hyperlink to verify your information and details.
  • Act quickly and contact our credit department at +65 66711833 if you think that your account has been compromised.
  • Do NOT open email attachments from strangers.
  • Delete spam and junk emails.
  • Passwords should be at least 8 alphanumeric characters.
  • Do NOT use obvious passwords, such as your User ID, initials, family names, company name, your date of birth, IC number, telephone number or other numbers / letters that could be guessed easily.
  • Do NOT use passwords from your other registered Internet sites.
  • Do NOT disclose your password to anyone, including Ong First Tradition Pte Ltd staff.
  • Do NOT write down or record the password without first disguising it.
  • Do change your password regularly, e.g. within 90 days. In addition, the new password should NOT be the same from the previous passwords.
  • Always remember to log off from the E-Trading platform when you have completed your trading activities for the day or whenever you are leaving your workstation unattended.
  • Do NOT select the browser option for storing or retaining username and password.
  • Check the authenticity of the eTrading website by comparing the URL with its digital certificate.
  • Ensure the website changes from http:// to https:// for an encrypted session.
  • Check your bank account balance and transactions frequently and report any discrepancy.
  • Ensure your computer is protected with anti-virus, anti-spyware, firewall and have the latest updates.
  • Do NOT use public, internet café or computers, which cannot be trusted to access/perform online transactions.

 

Please note that the above mentioned list is not exhaustive and you must be aware of the risk involved in E-Trading. Ong First Tradition Pte Ltd cannot be responsible for the transactions you carry out or for any loss you may suffer as a result of you using the E-Trading platforms. Report to us immediately on any actual or suspected misuse of your password/ trading account and ensure that such a password is changed without any hesitation or delay.


Phishing Alert

If you have received an email requesting that you click on a hyperlink to verify your information and details, do NOT respond.

Please note that under no circumstances will Ong First ever send you an email asking for your personal information. You should not respond to such email or reveal your PIN to anyone.

Should you receive further suspicious emails or suspect that there has been any unauthorized breach of your Ong First account online or that an online transaction has taken place that you did not initiate, you should notify Ong First immediately by calling 1800 ONG FIRST (664 34778).

 

Prohibited Trading Practices

At Ong First Tradition Pte Ltd, we always have your interest at heart. While we hope that your trading experience can be as pleasant as possible, we would like to advise you to observe and refrain from practices that are prohibited by law under the Securities and Futures Act (“SFA”):

Section 206 on false trading;

Section 207 on bucketing;

Section 208 on manipulation of price of futures contract and cornering;

Section 209 on fraudulently inducing persons to trade in futures contracts;

Section 210 on employment of fraudulent or deceptive devices;

Section 211 on dissemination of information about illegal transactions;

Section 212 Penalties under this Division.


System Functionalities and Order Management Procedures

 

  1. System access requirements: All our E-Trading platforms require users to have a valid user ID and password to login.

  2. How to place, modify and withdraw orders: Before you commence trading, please ensure that you have been educated by our I.T trainer on the operating of the e-trading platform in placing, modification and withdrawal of orders. Please ensure that you are equipped with the necessary skills and knowledge on operating of the e-trading system. 
    You should not attempt to use if you are not trained.  You are also advised to check on the status of your order after every execution.

  3. Types of trading controls e.g. types of error-prevention alerts and how to interpret system alerts:  Our e-trading platforms are equipped with error-prevention features on maximum quantity per order to alert customers of possible erroneous entries in relation to quantity and price alerts to alert customers of possible erroneous entries in relation to price. 

    If you require any assistance on setting up of error-prevention alerts in our e-trading platforms or require more details on the error-prevention alerts in our e-trading platforms, do not hesitate to contact our Technical Support at +65 92312881 (24 hr hotline).

  4. Types of credit controls e.g. types of trading limits and how the trading limits are computed:  Trading Limits can be in the form of position trading limits and subjected to equity availability. 

 

Kindly contact our Credit Department +65 66711833, for more details on the types of trading limits and how the trading limits are computed.

 

Contract specifications

Before you commence trading, please familiarize yourself with the contract size, tick move, trading hours and value of the contract that you intend to trade.

For respective detailed contract specifications, kindly refer to the respective exchanges website for more details. Should you have any problems finding the contract specifications that you require, kindly contact our dealing desks.

Exchange Operating Hours

In some markets, exchanges may close earlier, or have limited trading hours prior to holidays. When in doubt, kindly contact our dealing desks to clarify.