When to upload your verification documents to the broker.
Most of the brokers require the submission of documents for approval of the trading account (KYC).
(KYC stands both for Know Your Customers or Know Your Client)
You can still operate, but in case of withdrawal request these documents will be required to you.
Send the following documents to the broker and monitor the acceptance, before investing real money.
Here is a sample of documentation a regulated broker requires.
- Proof of Identification – Passport / Drivers License / National ID
- Proof of Residence – Recent utility bill dated within the last six months, current local authority tax bill, bank or credit card statement.
- Credit / Debit Card -If you wish to fund your account with your credit/debit card, please scan the front and back sides of your card. For your security please black out the middle 8 numbers that appear on the front (and back if necessary) and the CVV (security code) on the back.
- SWIFT Confirmation – If you wire transfer funds to your account, please upload the SWIFT confirmation from your bank.
- Other – Other documents which are requested by the compliance department.
Steal money from your account
You do not have to worry that someone can then withdraw from you only. Even if someone else obtains the login information into your account, they can’t withdraw money because the broker uses a thorough validation process for every new withdrawal method someone wants to use from your account.
This means, someone who obtains your account information, could only withdraw money by using an existing withdrawal method. They could use your already existing credit card or bank account information, but they could not withdraw money to a new bank account or a new credit card. This system effectively eliminates the possibility that someone could steal money from your account.
1a. Proof of ID
Scan/take a photo (front and back) of your Government photo ID or Driver’s License with all 4 corners of the document visible.
1b. Proof of ID – Passport
You can also scan/take a photo of your passport.
2. Proof of Residence
Bank or credit card statement, recent utility bill dated within the last six months, water bill, electric bill, telephone bill.
Your full name, address and a date must be clearly visible and the document must be dated within 6 months.
Please make sure that all 4 corners of the document are visible.
3. Credit Card
If you choose to make a deposit using a credit card, send a scan/photo, front and back of the card.
For your security, it’s advised to cover the card number (please make sure to keep the last 4 digits visible) and the CVV number on the back.
Simply email these pictures to IQ Option’s support, and they will activate your new payment method for you. Since nobody but you can provide all these documents, your money with IQ Option is absolutey theft-proof.
If you sign up with one of our brokers you will have access to a number of free trading systems, as well as access to the Signals Room.
If you are in a non-European country we recommend you IQ OPTION.
(Signing up as our affiliate, you will receive exclusive free strategies+indicators and access to the Signal Room. Delete the cookies before visiting the broker)
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