1. Introduction

Welcome to the Privacy Policy for the Laurus Mobile Application (the "App"). At Laurus, we respect your privacy and are committed to protecting the personal data of our users who access our brokerage, trading, and portfolio management services.

This Privacy Policy describes how we collect, use, store, share, and protect your information when you use our mobile application. By downloading, accessing, or using the Laurus mobile app, you agree to the collection and use of information in accordance with this policy.

2. Information We Collect

To provide you with a robust, functional, and secure investment experience, we collect several types of information:

Personal Account Information

During account registration, login, and profile management, we collect data required to verify your identity and protect your account:

  • Full Name and Username
  • Email Address and Phone Number
  • Security credentials, including your login password and security PIN

Financial and Portfolio Information

As a stock trading and brokerage tracking app, we handle sensitive financial data necessary to render your portfolio and complete trades:

  • Available account balances and cash positions
  • Portfolio composition, asset quantities, and stock holdings
  • Historical and real-time transaction activity logs (deposits, buy/sell activities for equities such as MTN Ghana, Telecel Ghana, etc.)

Device and Security Storage Data

To protect your authentication status and secure your local sessions, the App utilizes secure local storage:

  • Secure Local Storage: We use industry-standard secure storage mechanisms (such as flutter_secure_storage) to save tokens and credentials locally on your device, preventing unauthorized access.
  • Device Metrics: Operating system, app version, IP address, and unique device identifier.

3. How We Use Information

Laurus uses the collected information for various administrative and operational purposes, including:

Service Authentication

To securely register users, verify passwords/PINs, and prevent identity theft during app launch.

Transaction Execution

To process buy/sell orders, track stock activity changes, and reflect accurate account balances.

Regulatory & Compliance

To verify compliance with stock brokerage regulations and complete necessary audit trails.

Support Communication

To contact you with security updates, account alerts, and address customer service requests.

4. Security & Storage

The security of your financial and personal data is our primary focus. We adopt premium measures to guard against data breaches:

  • Data Encryption: All communications between the Laurus Mobile App and our brokerage backend services are encrypted using industry-standard Transport Layer Security (TLS/HTTPS).
  • On-Device Security: Sensitive credentials (such as PIN hashes or API session keys) are saved in hardware-backed secure storage on the device (iOS Keychain and Android Keystore) using flutter_secure_storage.
  • Server Security: Our servers are hosted on secure infrastructure utilizing firewalls, access control, and monitoring mechanisms to safeguard your data.

Please note that no method of transmission over the Internet, or method of electronic storage, is 100% secure. While we strive to use commercially acceptable means to protect your personal information, we cannot guarantee its absolute security.

5. Sharing & Disclosures

We do not sell, rent, or trade your personal or financial data to third parties. We share information only under the following limited circumstances:

Important: We do not monetise user data. Information is shared strictly to perform transactions you authorize.
  • Brokerage & Clearing Partners: To execute your stock purchases and sales, relevant transaction details must be sent to authorized market brokers and clearing houses.
  • Legal Requirements: We may disclose your information if required to do so by law, or in response to valid requests by public authorities (e.g., a court or government agency).
  • Service Providers: We may employ third-party companies and individuals to facilitate our App services, perform app analytics, or provide security services. These third parties have access to your Personal Information only to perform these tasks on our behalf and are obligated not to disclose or use it for any other purpose.

6. Third-Party Services

The App communicates with external services to support its core functions. These include:

  • Brokerage API Backend: The App transmits request payloads to our dedicated backend endpoints to authenticate users, fetch stock quotes, and place trades.
  • Google Play Services: Used for app stability diagnostics, distribution, and critical crash reporting on Android.

We do not control the privacy practices of third-party platforms. We encourage you to review their respective privacy policies.

7. Your Rights & Choices

You have full control over the information you store in our application:

  • Access & Updates: You can view and update your profile details directly from the Settings screen inside the Laurus app.
  • Account Deletion: If you wish to delete your account and associated financial data, please submit a deletion request via our support email. Note that we may retain certain records to comply with legal tax and financial auditing requirements.
  • Device Permissions: You can restrict network and credential access at any time by modifying the app permissions in your device system settings. However, restricting internet access will prevent the App from displaying live stock updates.

8. Children's Privacy

Our brokerage services are not directed to anyone under the age of 18 ("Children"). We do not knowingly collect personally identifiable information from children under 18. If you are a parent or guardian and you are aware that your child has provided us with personal data, please contact us. If we discover that a child under 18 has registered an account, we will take immediate steps to remove that data from our servers.

9. Changes to This Privacy Policy

We may update our Privacy Policy from time to time. We will notify you of any changes by posting the new Privacy Policy on this page and updating the "Last Updated" date at the top of this policy.

You are advised to review this Privacy Policy periodically for any changes. Changes to this Privacy Policy are effective when they are posted on this page.

10. Contact Information

If you have any questions or suggestions regarding this Privacy Policy, or if you wish to exercise your rights regarding your personal information, please reach out to us:

Support Email: support@laurus.app
Developer Inquiries: daniel.amuzu@statelytech.com
Website: laurus.vercel.app