Privacy Policy
Last Updated: May 22, 2025
Educational Purpose Only
OptionXI is designed solely for educational purposes and virtual trading simulation. This platform is not intended for actual financial investment or trading advice. Always consult with qualified financial advisors before making real investment decisions.
Important Disclaimers
- • We are not financial advisors and do not provide investment advice
- • Data may be delayed, interrupted, or contain errors - we are not responsible for any losses
- • Virtual trading results do not guarantee real market performance
- • Users waive all rights to claim damages for any losses incurred
- • This platform is for simulation and learning purposes only
About OptionXI
OptionXI ('We', 'Us', or the 'Company') operates a virtual trading platform accessible through our website and mobile application ("the Platform") to facilitate educational trading simulation and market learning. The platform provides virtual trading capabilities for NSE stocks, Nifty 50, and options trading on Bank Nifty and Nifty indices.
Our platform includes features such as stock screeners, watchlists, stock alerts, top gainers/losers, detailed stock information, and virtual trading capabilities. We are committed to protecting your privacy while providing educational tools for market learning.
Information We Collect
Personal Information
- • Email address (Gmail/Apple ID for authentication)
- • Profile information from social authentication providers
- • Communication preferences and settings
- • Support requests and correspondence
Usage Information
- • Virtual trading activities and portfolio performance
- • Watchlist preferences and stock alerts
- • Platform navigation and feature usage
- • Device information and technical specifications
- • IP address, browser type, and access times
Market Data
- • NSE stock data (previous day data for virtual trading)
- • Real-time data access when connected to broker accounts
- • Options data for Bank Nifty and Nifty indices
- • Market analytics and screening results
How We Use Your Information
• Providing authentication and secure access to the platform
• Enabling virtual trading simulation and educational features
• Delivering stock alerts, notifications, and market updates
• Improving platform performance and user experience
• Providing customer support and technical assistance
• Analyzing usage patterns for platform enhancement
• Complying with legal and regulatory requirements
Data Security & Storage
We use Firebase as our backend infrastructure, which provides enterprise-grade security and encryption. Your data is protected through industry-standard security measures including:
- • Encrypted data transmission and storage
- • Secure authentication protocols
- • Regular security audits and monitoring
- • Access controls and data segregation
Open Source Initiative
OptionXI will soon become an open-source project, making our UI components and database structures available to the public for educational purposes. This initiative aims to promote learning and development in the fintech education space while maintaining user privacy and security.
Data Accuracy & Availability
Important: Market data may be delayed, interrupted, or contain errors. We do not guarantee the accuracy, completeness, or availability of market data. Users acknowledge that data interruptions or inaccuracies may occur, and we are not responsible for any losses or damages resulting from such issues.
Future Algorithmic Trading
While we plan to introduce algorithmic trading capabilities for placing real-time orders in the future, this feature is not currently available. Any future implementation will be subject to additional terms and conditions, regulatory compliance, and enhanced security measures.
Your Rights
You have the right to:
- • Access your personal information
- • Correct inaccurate data
- • Delete your account and associated data
- • Withdraw consent for data processing
- • Export your data in a portable format
Third-Party Services
Our platform integrates with third-party services including Google/Apple for authentication, market data providers, and broker APIs for real-time data access. These services have their own privacy policies, and we encourage you to review them.
Limitation of Liability
IMPORTANT: By using OptionXI, you acknowledge and agree that:
- • The platform is for educational and simulation purposes only
- • We are not financial advisors and provide no investment advice
- • You waive all rights to claim damages for any losses incurred
- • Virtual trading results do not guarantee real market performance
- • We are not liable for data errors, interruptions, or system failures
- • You use the platform at your own risk
Policy Updates
We may update this privacy policy from time to time. We will notify users of significant changes through the platform or via email. Continued use of the platform after changes constitutes acceptance of the updated policy.
Contact Us
For questions about this privacy policy or our data practices, please contact us at:
Support: [email protected]