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Verification in binary options brokers
At the time of registration of the trading account on the binary options market the trader can specify any data that would only take him in the head. Typically, companies that offer their services to speculators, do not check the accuracy of the data provided by the customer during registration to the date of withdrawal.
Verification on binary options - is the process of confirming your identity by sending the required documents of the brokerage company.
Verification is mandatory for traders who have opened an account in a licensed organization. Some companies prefer to ask for documents from the new client as soon as he registered the account.
Other brokers, not wanting to scare away the formalities of potential customers, ask the documents proving the identity of the merchant, upon receipt of the first application for withdrawal of funds.
Why the need for verification and how to do it
The requirement of passing the verification comes from the financial regulator supervising the company. Many speculators mistakenly assume that the sending of documents and confirmation of identity is the whim of the brokers, because it is not.
Each company providing services to the traders and decided to obtain a license of one of the financial regulators, is forced to adhere to certain rules, including the verification of the customers binary options. One of the main reasons for this procedure - the fight against money laundering and the legalization of capital obtained by illegal means.
To pass the complete verification may require different documents, depending on the selected broker, and more specifically, from its regulator. Usually, the organization requested a scan of the passport page with a photo and one of the documents confirming the address of residence of the trader (this could be a receipt for payment of utilities, Bank statement with the address of the client).
Tested brokers with a license:
• 24option (10 thousand rubles) - license CySEC, CRFIN;
• uTrader from $200) - license FMRRC;
• Importantly, the company (from $10) - license CySEC FMRRC;
• Verum (from $5) - license CROFR, CRFIN.
As mentioned earlier, customer will be asked to provide necessary documents for processing their applications for withdrawal of money but no one bothers speculator in advance to verify your identity. You can send to the broker their documents immediately after registering an account, then there will be no delay in the withdrawal of profits.
Even a few points regarding verification:
• once the trader is in the process (before the first withdrawal);
• learn about the documents required to verify your identity, in advance, by contacting the customer support of the selected broker;
• the data specified by the speculator during account registration must match exactly with the information in the documents.
Binary options without verification
There are companies that do not require traders to verification binary options. The question immediately arises, and not simply to register a trading account with such brokers? Of course, you can do so, but then you have to put up with such inconveniences:
• lack of verification procedures indicates that the activity of the company is not regulated by anyone (under the dubious structure);
• such organizations generally are directed at very small amounts, so they do not need to raise your level of reliability and credibility in the eyes of potential customers (traders with large deposits choose licensed brokers, valuing safety);
• if the dealer will have any claims to the company to ask for help to whom (nor anyone else controlled entity without explanation is able to refuse withdrawal of money and to ignore all further treatment).
If the organization does not conduct verification of customers, then this is a signal that should alert a trader. If in the trade, for example, on Deposit with a $10 security capital is acute in front of a speculator, then work with a larger amount of money will make you wonder about the reliability of the organization in which the account is opened.
Trade at a binary options broker without verification can make, perhaps, only novice speculators who work with small deposits. When the issue of security of capital becomes important for the trader, he will need to start looking for a reliable company that is licensed by a reputable regulator to reduce non-commercial risks.
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| Category: Binary options | Added by: (07.11.2017)
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| Views: 873
| Rating: 0.0/0 |
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