Hello my friend, if you’re reading this, it means you’re becoming a professional, and you need to know more about verification.

Trading activity implies that you’re not only investing and making money. Since the point of making it is to spend it, you need to learn about withdrawal. Withdrawing is a simple procedure that will not take any of your time but it needs your personal information. For this reason, you need to verify yourself on the platform.

Why it is important

Usually, banks and regulators are given the information about transactions. The brokers are obligated to provide it and to make reports about trading activities:

1) To prevent fraud such as market manipulation or the usage of insider information for trading.

2) To prevent money laundering.

For a lot of other requirements, brokers have to give personal information about your activity and confirm that it was correct and that the money you made is yours and no fraud occurred.

The verification is to show that everything is legal and to protect your account.

Verification

On our platform this step is comfortable and safe for you, so you don’t need to go somewhere and wait for something just to start trading. To verify your account you need just five minutes and to follow some simple steps:

The first step is to verify with your mobile phone - you need to enter your phone number. You will then receive an instant password, which you need to type into the special field.

The second step is to verify your e-mail address, make sure that it’s valid because you’ll receive all the information about your trading activities such as your transaction information, account information, analytics and trading signals. To verify it you’ll need to enter the password which you received on your address or just to press “verify”.

The third step is to fill in your personal information. You’ll need it whenever you want to withdraw money from your account. With this information, the broker makes a report to a bank and confirms that everything is correct; you’re a real person, it’s your money and it’s your trading activity which the broker is reporting. Therefore it has to be your main state id, the same document that you used for opening your bank account.

The fourth step (and the last) is to provide a copy of the document you filled in the previous step. That’s very important because banks and regulators will often require it to verify transactions. Just attach a copy of your document.

So you can see that all personal information that you gave to regulators, banks or to make communication with brokers will not be given to anyone else. The brokers do all of this for you because it’s their duties and these actions are too complicated for a trader. Of course, this information will not be given away because reputation is the most precious thing for any broker.