In this article, we will figure out how and when you need to pass verification with the Binarium broker. It is important to remember that binary options trading is financial trading through financial companies, brokers. Working with them is very similar to working with banks.
Therefore, the broker company is obliged to make sure that you are not a scammer, and save the money and data of its customers.
In order to deposit a large amount or withdraw money, you need to go through the verification process.
Verification – confirmation of the identity of the account holder with the broker
To do this, you need to provide proof of your identity and your place of residence.
- The Binary Options Broker (Company) has the right to require the Client (Trader) to confirm the reality of the registration data specified when opening a trading account. To do this, the Company may at any time request the Client to provide an electronic copy of the passport or a copy certified by a notary (at the discretion of the Company).
Therefore, it is very important to always fill in all the data correctly: Name, Surname, address
- Due to the fact that binary options brokers licensed as a Binarium broker cannot provide trading in countries that contradict the requirements of the regulator. They are obliged to make sure of the place of residence of the trader (country).
Therefore, they ask for payment of the invoice in the name of the client. Or another document confirming their place of residence.
When do I need to go through verification?
Usually, brokers ask for verification either when the deposit amount is more than $ 10000 or when withdrawing more than $ 1000.
We advise you to send documents immediately after the start of trading. Then there will be no delays in withdrawing funds.
Remember, verification is also your protection against deception, send documents immediately and do not waste time later.
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Tagged with: Binarium • Verification
