Please note our new address as of 01 January 2015

Corporate and Regulatory Disclosures in the European Union (EU) This page provides corporate and regulatory disclosures for KWP-Klein Wertpapierhandel GmbH.

KWP-Klein Wertpapierhandel GmbH, Head Office Hamburg

The KWP-Klein Wertpapierhandel GmbH is a limited liability company established under the laws of the Federal Republic of Germany. It is registered with the Commercial Register at the Local Court of the City of Hamburg under registration number HRB 92916 with its registered office at Hamburg.

KWP-Klein Wertpapierhandel GmbH
Neuer Wall 50
20354 Hamburg

Telephone: +49 (0)40 12345-112
Telefax:      +49 (0)40 12345-112


VAT: DE242 113 266

1. General

The KWP-Klein Wertpapierhandel GmbH will make any reasonable effort to update the information on its web pages on a regular basis. Despite all care, the data may have changed in the interim. Therefore the KWP-Klein Wertpapierhandel GmbH cannot assume either liability or warranty for the provided information being current, correct or comprehensive.

The same applies to all other web pages referenced by any hyperlink. The KWP-Klein Wertpapierhandel GmbH is not responsible for the content of any such other page.

The KWP-Klein Wertpapierhandel GmbH owns the copyright in all web pages including their layout and contents, except where explicit reference is made to any other provider, producer or trademark owner.

The web pages, their contents or any result generated or displayed through the presentation tools, whether as a whole or in any part, may not be called up, copied, saved, processed or modified for any commercial purpose.

Copyright notices and trademark designations may neither be modified nor be removed. Other or further actions shall require KWP-Klein Wertpapierhandel GmbH's prior written approval.

The information kept available may be called up only in a manner not impairing the use of the KWP-Klein Wertpapierhandel GmbH online service by other visitors.

2. Stock exchange information

Price and index information is derived from information provided by third parties and has not been verified by KWP-Klein Wertpapierhandel GmbH. Despite due skill and care being exercised in obtaining such information, KWP-Klein Wertpapierhandel GmbH assumes no liability for any information kept available or displayed being correct, comprehensive, or accurate. As for the rest, all and any price and index information is subject to a time delay varying for individual stock exchanges and/or types of securities but as a rule a minimum of 15 minutes.

The index designations "Dow Jones Stoxx 50, Dow Jones Euro Stoxx 50, Dow Jones Industrial Average" are trademarks of Dow Jones & Company Inc.

Recommendations given concerning individual shares shall constitute neither investment advice nor any offer to enter any contract for advice or information. Such recommendations shall serve information purposes only.

The processed information has been derived from sources we regard as reliable, the correctness and comprehensiveness of which however we cannot guarantee in any way. The judgements made in such recommendations reflect the personal appraisal of individual analysts and may be changed at any time without prior notice. Moreover they are based on assumptions underlying continuous change and may therefore subsequently turn out to have been incorrect. Therefore KWP-Klein Wertpapierhandel GmbH can assume no liability for any direct or indirect damage or loss suffered as a result of using individual statements, estimates and/or projections.

3. Foreign users

The information contained on KWP-Klein Wertpapierhandel GmbH's web pages is destined exclusively for personal use by individuals domiciled in Germany. The KWP-Klein Wertpapierhandel GmbH assumes no liability with regard to whether the information on these web pages may be suitable or usable for any use in any other location. Users accessing these web pages from other locations do so at their own initiative and at their own risk. KWP-Klein Wertpapierhandel GmbH assumes neither warranty nor liability for these web pages or the information contained on them being in compliance with the laws at any such other location.

4. Client Log-in

Please note that the provided data are subject to certain time delays. As a rule, securities holdings are valued at the closing quotation of the previous day. Account balances as a rule refer to the last accounting cutoff on the previous day and therefore do not reflect the actual current balance.

Newsletter: By sending off this notice, you agree to your personal data being stored at KWP-Klein Wertpapierhandel GmbH. The KWP-Klein Wertpapierhandel GmbH will use such data only for purposes of processing your enquiries and will not transmit them to any third party.

The KWP-Klein Wertpapierhandel GmbH takes the protection of your personal data very seriously and abides strictly by the rules of data protection. Under no circumstances will the data collected be forwarded to third parties without the agreement of the persons concerned. The following description provides an overview of how the KWP-Klein Wertpapierhandel GmbH guarantees the protection of your data, what type of data is collected, and for what purpose.

Data processing on this website

When you access the website, data are saved on our servers for backup purposes which might possibly allow identification (e.g. IP address, date, time, pages viewed). Apart from the statistical evaluation of data sets that have been made anonymous, no use is made of personal information. We save IP addresses for a period of 28 days. This is done for data security reasons, to ensure the stability and operational reliability of our system. These data are not combined with any other data sources.

Collection, processing and use of personal data

Personal data are only collected on this website to the extent that is technically necessary. In order to send out the newsletter offered on our website and ordered by you, we ask for your name and your e-mail address, using an order form. This information is only saved and used for sending out the newsletter. It is not forwarded to any third parties. When you enter your data (name, e-mail address) in the form, you are agreeing to allow us to store your data and to use it to send out the information requested. The personal data provided by you so that you can receive the newsletter is saved until you cancel the subscription.


When you visit our website, we sometimes use cookies which are placed on your computer and which your browser stores. Their purpose is to make what we offer you more user-friendly, effective and safe. Passwords are not saved in cookies. Most of the cookies used by us are what we call "session cookies". Once you have ended your visit, they are automatically reset as soon as you log out. If you end the session by closing your browser, the cookie continues to exist for a while. You can define the length of this period of time by changing the settings on your computer. Afterwards, the cookie is either overwritten or deleted by the client. Our cookies do not cause any harm to your computer and do not contain any viruses. You can block the storage of cookies by setting your browser software accordingly; however, we must point out that, if you do this, you may not be able to make full use of all the functions of this website.

Web tracking

This website uses Google Analytics, a web analysis service provided by Google Inc. ("Google"). Google Analytics uses "cookies", text files that are saved on your computer and which allow us to analyse the use of the website, The information generated by the cookie about your use of this website is generally sent to a Google server in the USA and saved there. Because IP addresses are made anonymous on this website, however, your IP address is abbreviated first by Google within member states of the European Union or in other signatory states to the Agreement on the European Economic Area. Only in exceptional cases is the full IP address transmitted to a Google server in the USA and abbreviated there. Google will use this information on our behalf to evaluate your use of the website, compile reports about website activities and to provide other services associated with the website use and internet use to us. Google Analytics has informed us that the IP address forwarded from your browser within Google Analytics is not brought together with other data by Google. You can also block the storage of cookies here by setting your browser software accordingly; however, we must point out that, if you do this, you may not be able to make full use of all the functions of this website. In addition, you can block the capture of the data generated by the cookie and relating to your use of the website (including your IP address) at Google and the processing of such data by Google by downloading and installing the browser plugin available under the following link:
You will find further information on the conditions of use and data protection at:

Right of information

You have the right at any time to information about your stored personal data, its recipients and the purpose of the data processing. We are also available any time if you have any questions about the processing and use of your personal data. If you require any further information that has not been provided in this data protection declaration, or would like information about the data stored on you, please contact the KWP-Klein Wertpapierhandel GmbH's data protection officer at any time.

Applicability of German law: German law shall applay to the business relationship between the customer and the KWP-Klein Wertpapierhandel GmbH

Allgemeine Geschäftsbedingungen
Fernabsatzgesetz von Finanzdienstleistungen und Widerrufinformationen
Information concerning the approach to conflicts of interest

Conflicts of interest can be identified when KWP-Klein Wertpapierhandel GmbH, which develops a variety of business activities are not always mutually exclusive.

For this reason, in conformity with the provisions of the German Securities Trading Act (Wertpapierhandelsgesetz), we are informing you herewith concerning the comprehensive precautions that we have made in our approach to conflicts of interest.

Conflicts of interest can arise between the KWP-Klein Wertpapierhandel GmbH and other members of KWP-Klein Wertpapierhandel GmbH, our management, our employees on the one hand and our customers on the other hand and may also arise between our customers.

In order to avoid inappropriate interests influencing, for example, advisory services, the processing of orders, asset management services or financial analyses, we have committed ourselves and our employees to high ethical standards. We expect at all times diligence, fidelity, lawful and professional conduct, compliance with market standards and, in particular, the continuous regard for the interests of the customer. This is also monitored within the context of our efficient controlling processes.

Conflicts of interest which it proves impossible to avoid will be disclosed by us to the customers concerned before conclusion of any business transaction or before any advice is offered.