Sometimes you wonder what is verification for and is it a must you verify your trading account to deposit or get the bonus. If you have been or you are in such a situation then this post is definitely for you. There are several brokers out there some legit some are not. If you find a broker is not taking the verification process seriously then you need to be cautious since that might be a scam. Are you wondering why is it important to verify an account?
You wish you could open an account and deposit right away. Any regulated company needs to operate in accordance with a number of compliance-related issues and procedures imposed by its main regulatory authority. The verification documents needed by all brokers are quite the same although they might twist what is needed depending on your country of residence.
Therefore, you can verify your profile by uploading clear color copies mobile photo or a scan of the following documents:. In this case, it depends on the broker you have opened an account with. Once you upload all your documents, it can take up to 10 minutes during working hours to 24 hours to verify your profile some even take longer. Most brokers do notify the client once your account is verified. You can also follow your verification status on the broker platform.
I highly recommend XM Global since they take the shortest time to verify an account while those who wish to trade binary options can try Deriv. If you liked this article, then please join our Telegram Channel to receive Forex Signals and subscribe to our YouTube Channel for Forex video tutorials.
You can also find us on Twitter and Facebook. When choosing a Forex broker and planning to open your first account, you will probably hear a lot about stop-out level, margin call, and leverage. While many brokers will Read more. Trading forex currencies in Kenya has as become so popular of late in Kenya among residents. While some of our Read more. This will help to avoid delays during the verification process.
How to Verify Account in Binary. Register Binary. Documents to Binary. Utility bills electricity, water, gas, broadband and landline Latest bank statement or any government-issued letter which contains your name and address 3. Selfie with Proof of identity A clear, colour selfie that includes your proof of identity same as the one used in Step 1.
Source: Binary. Tags upload documents to binary. Related News More From Author. How to Trade at Binary. How to Withdraw Money from Binary.
Note: Make sure the document you are providing for verification has a clear photo and should not be expired. To verify your address or residence. You have to provide a scanned copy or with the photo of any of the following documents issued in your name. This verification needs your name with your address also this can not be older than 6 months, whichever document you will take for address verification must contain an issued company or banks logo on itself.
To prove your ownership of your bank account documents you must use a card which you use for your transaction. Requirements for providing a card. The card must contain your name. Note: your card must be scanned from both back and front sides. Your card contains your name and you should obscure the CVV and six digits from the card. All steps for verification of your Trading Account are easy. Still, some traders find this process time consuming but this is necessary also, it prevents money laundering.
You must complete the following steps verify your identity. Verify your address of residence. Verify that you are the owner…. Opening one requires you have a larger initial deposit…. For many beginner traders, using the free IQ Option demo account is the best way to learn about the platform.
Moving Average indicators are trend-following indicators which smooth out price… [Read More]. The Three White Soldiers is a candlestick pattern that signals a strong uptrend reversal. This pattern usually forms at the… [Read More]. The main trade room window of IQ Option platform shows a chart of an asset. Main trade room window at… [Read More]. Are you an account on IQ Option? Every new IQ Option trading account must be verified. Two reasons why account verification is necessary are:.
Login to your IQ Option account using the details you used to register your account, click here below. For the website click on the personal details tab. This directs you to your personal profile. Scroll to the bottom of the page and click on the account verification link. Click on verify email. Go to your email and open the email sent by IQ Option.
Once pasted, click on the continue button. Click on send code. Note that IQ Option will confirm that your email and mobile phone number have been verified immediately you enter and submit the codes. This involves entering details such as your names, address and date of birth. The data you enter in your personal profile should match that in your identification document. Contents What are binary options? Are binary options legal? Are binary options safe?
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