Account Verification

Almost every broker house bounds their client to verify their account. They make sure that all your information which you have given is true. A few brokers allow their client to trade without verifying their account. These are the necessary documents to verify your account:

► Scanned copy of your passport / national ID card / driving license to verify your image.

► Scanned copy of electricity / gas / mobile / internet bill to verify your address.

Scanned copy of your passport / national ID card / driving license: For verifying your account you have to upload the scanned copy of your passport / national ID card / driving license on the broker’s website. Scan your passport / national ID card / driving license and then save it in Jpg / Jpeg format. Finally upload the image in order to verify your account. Forex brokers don’t allow the ID card of any school, college or university. The best one to verify your account is passport. It is always useful. The national ID card of some countries has some information in their mother tongue. Some brokers don’t support this. They want the document in English.

Address verification document: Your broker verifies your address to confirm that the address which you given at the joining time is perfect. Any utility bill such as mobile bill / gas bill / electricity bill / internet bill is used to verify your account. The address which is marked on the bill in English is granted as your address.

Is it urgent to verify? : Yes. Without verifying you can’t trade in good broker house.  Once you verify your account you can trade in any broker house as you like. So, verifying your account is important.

What if you don’t have documents to verify?: If you don’t have any document to verify, you can issue a passport. For verifying address ask your Internet Service Provider to give you a printed bill.

Trading without verifying?: Yeah, you can trade without verifying. Insta Forex, FBS, Fxopimax and many other brokers give you the chance to trade without verifying. But they have the right to ask for documents at any time. But verifying is better.