All about trading

Why do I need account verification?

 

Account verification is a basic method of identity verification that applies to all financial institutions and serves the trader's interests.

 

To prevent illegal activities, money laundering and terrorist financing, the company requires verifiable proof of the trader's name and residence. We provide a high level of customer protection while maintaining a comfortable working environment. What is the ease of verification with the company?

 

Verification of trading accounts should be done electronically using the Bank's information security measures, without the need for paper documents.

 

Documents required for account verification

 

After opening an account, you should follow normal banking procedures for customer identification and payment processing.

 

  • You will need to provide a standard documentation package which includes:
  • Please provide your passport details, copies of identification and copies of the payment instruments used to deposit funds into the account.

 

Log in to your account and upload the following documents:

 

1. Color copies of two-page spreads of your passport.

 

The page contains photo and personal information, as well as data for the spread based on the residence permit.

 

Since the address of registration and actual residence are often different, the system may request copies of utility bills or bank statements, including your name and address.

 

2. Confirmation of the selected recharge method.

 

If you prefer to open an account using a credit card, it must be your own. If you use another person's card, you will need to verify their identity with documents.

 

The card must be displayed for the following information: Provide your name, the card expiration date, and the first and last 4 digits of the card number.

 

3. When using electronic payment systems (Kiwi, Yandex, etc.), the following copies must be provided:

 

  • Take a screenshot of the entire card number.
  • The screenshot shows the receipt and debiting of the financial transfer to your company's trading account.

 

The copy should be of high quality, clearly showing where important information and your photo are located.

 

The bank may request additional documents such as a copy of the trader's photo and identification page from the passport, notarized copies of the relevant pages of the identity document (internal passport), and a duly signed declaration.

 

The documents are processed and approved within 3-5 days from the moment of receiving the notification by e-mail to the specified address.

 

When it is necessary to undergo verification

 

After online registration, you need to submit a standard package of documents, preferably immediately, but not later than 24 hours from the moment of crediting funds to the trading account.

 

Verification is required for trading on international financial markets. You should take time to check and fully understand the guidelines provided on the website. To avoid accidents, the business advised people to prepare documents in advance.

 

Why is the quality of copies so important?

 

If the quality of the copies is poor, the broker has the right to reject the document. In case of disagreement, regulators may demand these papers.

 

The verification operation only happens once, so the scanning must be of high quality. Please provide accurate data to speed up the verification process, which takes some time. In case of an error, you may need to change parts of the document. Only after receiving the verification can you start trading.

 

Why doesn't a broker get scammed?

 

If you want to avoid legal problems and trade on the market, you must be honest with brokers. Some underage clients provide data for native processing in a graphic editor when verifying the photo. If such violations are detected, the account will be blocked and cannot be re-registered.

 

The verification platform is designed to prevent criminal activity and fraud. The broker is responsible for the security of your data, so please contact your account manager and provide documents upon the company's request. Verification of trader's identity takes about 3-5 days.

 

We, in turn, will offer you competent assistance in achieving your goals!