Binary.Com verification documents

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Binary.com verification documents, binary.com verification documents.

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We will inform you if authentication is required in the future.

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We will inform you when your account needs to be authenticated.

Learn more about submitting essential documents with our handy infographic:

1. Proof of identity

Submit one of the documents below:

Passport

Identity card

Driving licence

2. Selfie with proof of ID

Submit the document below:

Selfie holding proof of identity (front)

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Learn more about submitting essential documents with our handy infographic:

Submit one of the documents below:

Utility bill

Bank statement

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In the EU, financial products are offered by deriv investments (europe) limited, W business centre, level 3, triq dun karm, birkirkara, BKR 9033, malta, regulated as a category 3 investment services provider by the malta financial services authority (licence no. IS/70156).

Outside the EU, financial products are offered by deriv (SVG) LLC, hinds building, kingstown, st. Vincent and the grenadines; deriv (V) ltd, govant building, port vila, PO box 1276, vanuatu, regulated by the vanuatu financial services commission (view licence); deriv (BVI) ltd, kingston chambers, P.O. Box 173, road town, tortola, british virgin islands, regulated by the british virgin islands financial services commission (licence no. SIBA/L/18/1114); and deriv (FX) ltd., lot no. F16, first floor, paragon labuan, jalan tun mustapha, 87000 labuan, malaysia, regulated by the labuan financial services authority to carry on a money-broking business (licence no. MB/18/0024).

This website's services are not made available in certain countries such as the USA, canada, hong kong, or to persons under age 18.

The products offered via this website include binary options, contracts for difference ("cfds") and other complex derivatives. Trading binary options may not be suitable for everyone. Trading cfds carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, the products offered on this website may not be suitable for all investors because of the risk of losing all of your invested capital. You should never invest money that you cannot afford to lose, and never trade with borrowed money. Before trading in the complex products offered, please be sure to understand the risks involved and learn about responsible trading.

Deriv investments (europe) limited, W business centre, level 3, triq dun karm, birkirkara BKR 9033, malta, is licensed in malta and regulated by the malta financial services authority under the investments services act to provide investment services in the european union (licence no. IS/70156). It is also authorised and subject to limited regulation by the financial conduct authority in the UK. Details about the extent of our authorisation and regulation by the financial conduct authority are available from us on request.

In the isle of man and the UK, synthetic indices are offered by deriv (MX) ltd., first floor, millennium house, victoria road, douglas, IM2 4RW, isle of man, british isles; licensed and regulated respectively by (1) the gambling supervision commission in the isle of man (current licence issued on 31 august 2017) and by (2) the gambling commission in the UK (licence reference no: 39172).

In the rest of the EU, synthetic indices are offered by deriv (europe) limited, W business centre, level 3, triq dun karm, birkirkara, BKR 9033, malta; licensed and regulated by (1) the malta gaming authority in malta (licence no. MGA/B2C/102/2000 issued on 01 august 2018), for UK clients by (2) the UK gambling commission (licence reference no: 39495), and for irish clients by (3) the revenue commissioners in ireland (remote bookmaker's licence no. 1010285 issued on 1 july 2017). View complete regulatory information.

Binary.Com is an award-winning online trading provider that helps its clients to trade on financial markets through binary options and cfds. Trading binary options and cfds on synthetic indices is classified as a gambling activity. Remember that gambling can be addictive – please play responsibly. Learn more about responsible trading. Some products are not available in all countries. This website's services are not made available in certain countries such as the USA, canada, hong kong, or to persons under age 18.

Trading binary options may not be suitable for everyone, so please ensure that you fully understand the risks involved. Your losses can exceed your initial deposit and you do not own or have any interest in the underlying asset.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading cfds with deriv investments (europe) limited. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

How to: verify the digital signatures of XML documents

You can use the classes in the system.Security.Cryptography.Xml namespace to verify XML data signed with a digital signature. XML digital signatures (XMLDSIG) allow you to verify that data was not altered after it was signed. For more information about the XMLDSIG standard, see the world wide web consortium (W3C) specification at https://www.W3.Org/TR/xmldsig-core/.

The code in this article applies to windows.

The code example in this procedure demonstrates how to verify an XML digital signature contained in a signature > element. The example retrieves an RSA public key from a key container and then uses the key to verify the signature.

For information about how create a digital signature that can be verified using this technique, see how to: sign XML documents with digital signatures.

To verify the digital signature of an XML document

To verify the document, you must use the same asymmetric key that was used for signing. Create a cspparameters object and specify the name of the key container that was used for signing.

Retrieve the public key using the rsacryptoserviceprovider class. The key is automatically loaded from the key container by name when you pass the cspparameters object to the constructor of the rsacryptoserviceprovider class.

Create an xmldocument object by loading an XML file from disk. The xmldocument object contains the signed XML document to verify.

Create a new signedxml object and pass the xmldocument object to it.

Find the signature > element and create a new xmlnodelist object.

Load the XML of the first signature > element into the signedxml object.

Check the signature using the checksignature method and the RSA public key. This method returns a boolean value that indicates success or failure.

Example

This example assumes that a file named "test.Xml" exists in the same directory as the compiled program. The "test.Xml" file must be signed using the techniques described in how to: sign XML documents with digital signatures.

Compiling the code

In a project that targets .NET framework, include a reference to system.Security.Dll .

In a project that targets .NET core or .NET 5, install nuget package system.Security.Cryptography.Xml.

.NET security

Never store or transfer the private key of an asymmetric key pair in plaintext. For more information about symmetric and asymmetric cryptographic keys, see generating keys for encryption and decryption.

Binomo verification guide

Verification of a trader’s identity is a mandatory requirement of international legislation. Each trustworthy trading platform notifies potential traders about the need to go through this procedure or by writing conditions in a user agreement. Large trading platforms conduct video user authentication via skype, but this is not necessary on the binomo online trading platform. A trader only needs to provide necessary documents and wait for verification to be completed.

Verification on binomo will not require significant efforts from traders. To confirm your identity in most cases, it’s enough to simply provide a high-quality photo of a civil passport or ID card in spreaded form. It is important to understand that a lack of verification or a trader’s refusal to provide the platform’s employees with the necessary documents for this procedure is enough reason to block a trading account.

It is worth saying that problems that do arise in several online trading platforms are associated with verification. Therefore, it is advisable to consider this procedure in detail.

Why is identity verification necessary?

Many traders ignore the terms of the user agreement when registering an account with the online trading platforms, which inevitably leads to problems with withdrawal of income.

On specialized information sites, one can see reviews from binomo traders, who accuse the company of fraud due to the blocking of a trading account when trying to withdraw funds. One cannot agree with such opinions! In such cases, blocking access to accounts is only a precautionary measure aimed at ensuring security of trader’s income.

Attention! Binomo online trading platform is regulated by the competent authorities; therefore, observance of international law is a direct responsibility of the administration.

What legislation are we talking about?

Persons under the age of majority cannot be allowed to trade using financial instruments. In accordance with the policy aimed at combating money laundering and financing of international terrorism, each trader of the financial online trading platform is required to confirm his or her identity. When providing false information, a customer’s account must be blocked. In this case, the invested amount is returned onto the trader’s payment details.

Important! Monitoring financial turnover of the platform, in accordance with the anti-money laundering policy, is carried out not only by the online trading platform in relation to traders, but also by regulators in relation to the online trading platform.

It is worth paying attention to another important aspect of identity verification of a trader – funds security. If the identity of a trader of the online trading platform is confirmed, and fraudsters get access to the account, then they will not be able to withdraw the trader’s income onto personal details. That is why competent representatives of binomo have the right to block a user account when withdrawing funds from an unconfirmed account.

To avoid problems with payment, you can opt to trade on a demo and real accounts without verification for some time but at some point they will ask for verification. Next, step-by-step instructions will be presented for beginning traders to verify their identity with the binomo online trading platform.

Based on the information presented, it can be concluded that verification on binomo is necessary to protect income of traders, as well as to comply with international norms of legislation.

User agreement and verification requirements

This document regulates business relationships between traders and company representatives, so the conditions presented in it cannot be ignored. In the binomo trading platform’s trader agreement, the rest section is devoted to confirming the identity of a trader. Familiarization with the main provisions will provide an answer to the question: how to pass verification?

What documents do I need to verify my identity with binomo? In accordance with paragraphs 1.3-1.5, the main document for user verification is a civil passport, however, in some cases; platform’s representatives reserve the right to require a trader to provide:

Utility bill for the last 2-3 months. On the receipt must be the name of an owner of a trading account. Account statement or contract from a bank. Photo of front side of a bank card through which a deposit was done. If a scan of the back side of the card will be required, a client has the right to shade the CVC code.

How long does verification with the binomo online trading platform take? The deadlines for checking documents submitted by a trader by the security service of the platform are regulated by the trader agreement and in accordance with paragraph 1.4 are no more than 10 working days. If specialists need additional information, then this period can be extended up to 30 working days, but not more.

Paragraph 1.8 deserves special attention. In accordance with the conditions presented, a trader of the binomo online trading platform should be ready to provide the platform representatives with notarized copies of documents confirming place of actual residence, registration address and identity. In case of refusal, application for withdrawal of funds will be rejected. It is worth saying that such measures are rarely used by the trading platform.

From which some verification might be required? As mentioned earlier, confirmation of identity of a trader is a mandatory requirement of the regulator in order to comply with international legislation therefore, the amount of payment does not matter. The platform has a right to reject a trader’s request for withdrawal of funds if the identity of owner of a trading account is not confirmed. Also in such cases, account lockout is performed.

How to pass verification? Step-by-step instruction

After registering on the binomo online trading platform, the trader will need to log in to the website and go to the personal data page:

Next, the trader will need to take a few minutes of own time to fill out a submitted questionnaire:

After that, the trader will need to contact the company’s support team via online chat and inform them about the intention to undergo verification. The specialist will provide detailed instructions and a list of required documents.

Attention! The list of documents for verification is determined individually and depends on a country of permanent residence of a trader.

Conclusion

The binomo online trading platform is a licensed trading platform that provides services to traders from all over the world. Verification of traders of financial instruments is mandatory and for the most part is required to ensure adequate security for funds of a trader. Therefore, one should not treat this procedure as a rejection of a request for withdrawal of income. If a trader has provided all the necessary documents, then no problems with payments will arise.

Binarytilt

The broker binarytilt uses the established spotoption platform and comes with all the bells and whistles you would expect from a top line broker of this sort. The brand pride themselves on their support offering. It was recently overhauled to reflect this new focus. New traders can use their 100% deposit bonus to boost their funds, but can also opt out of the bonus offer.

Binarytilt do not accept traders from the united states, but almost all other countries are welcome, including australia and south africa.

Trading platform

This delivers 9 different forms of binary trading including their new limits feature. The limits feature allows you to enter buy orders for positions based on a strike level of your choosing. Other options include standard high low with short and long term expiries, pairs, ladders, onetouch, forex and CFD’s.

Cfds are contracts for difference and a form of trading that has been gaining in popularity. What I like best about spotoption, aside from the variety of features, is the expiry range. Expiry for standard high/low digital binary options range from 60 seconds on the low to 6 months or more on the high end with a full array of choices in between. Basically, if there is an expiry you want to use, they have it.

Asset list

The asset list is good but not great. They list well over a hundred on the asset list page but when you get on the platform it’s more like 50 something. In any event, they have the top listings in the 4 main categories; forex, commodities, stocks and indices, so there is little left to want. The more exotic options have much more limited asset lists but still adequate for most traders. The range of expiry times also ensure they is no lack of trading opportunities.

Payouts

Payouts are average for the industry but standard for spotoption ranging from 70% to 85% depending on asset, time of day etc. The more exotic options such as ladders and one touch may carry returns up to 100% and more. The ladders especially, those can go up to 1000% depending on which strikes you choose.

Bonus

Opening an account is easy, though they do not accept traders from the united states. The minimum deposit is $250 and can come with a bonus. Because they are not regulated they still offer the same old types of bonuses that have been known to tie up accounts and prevent withdrawals. Traders are free to turn these offers down.

If you want one, they can be up to 100% deposit match – and for larger deposits you can get risk free trades too. Turnover for bonus monies is 40X bonus amount and no withdrawals can be made until it is met. If a withdrawal is requested, it will cancel the bonus and any profits derived from it. The bonus are fairly unattractive then, unless you have a clear strategy of how to use the extra funds effectively, and meet the turnover requirement.

This broker does offer a demo account. This will allow you to test out the platform to see how it works, and to try your hand at trading before committing to a deposit.

Deposits and withdrawals

Banking can be done by wires, CC or ewallet, pretty standard, with the usual stipulations. You must submit account verification documents before making any withdrawals, the first of which is free each month. The minimum is pretty low, only $50, with a $25 fee for each additional withdrawal per month. Processing will take up to 3 days with another possible 7 business days before it will show in your account, unless you use ewallet in which case you may see the money in 2 to 3 days.

Is binarytilt.Com A scam?

This broker has been in operation for quite a while and had not been receiving too many complaints until recently. And they all seem to say the same thing; I’ve deposited money and now I can’t get in contact with anyone to get it back. Their support offering was recently overhauled to try and improve customer contact and response times.

In terms of regulators it has received warnings from both canada and australia for soliciting clients without a license and each time the broker has withdrawn its business from that jurisdiction. So, is it a scam? While the firm have pushed regulators in certain jurisdictions, they are not running a scam.

Documents the applicant must provide

The person going through a DBS check (the applicant) must give their employer original documents (not copies) to prove their identity.

The documents needed will depend on the route the application takes. The applicant must try to provide documents from route 1 first.

Route 1

The applicant must be able to show:

One document from group 1

2 further documents from either group 1, or group 2a or 2b

At least one of the documents must show the applicant’s current address

Route 2

If the applicant doesn’t have any of the documents in group 1, then they must be able to show:

One document from group 2a

2 further documents from either group 2a or 2b

At least one of the documents must show the applicant’s current address. The organisation conducting their ID check must then also use an appropriate external ID validation service to check the application.

Route 3

Route 3 can only be used if it’s impossible to process the application through routes 1 or 2.

For route 3, the applicant must be able to show:

A birth certificate issued after the time of birth (UK and channel islands)

One document from group 2a

3 further documents from group 2a or 2b

At least one of the documents must show the applicant’s current address. If the applicant can’t provide these documents they may need to be fingerprinted.

Continuation sheets

The applicant can download a DBS continuation sheet for additional information they can’t fit on the DBS application form.

Unusual addresses

The applicant must make sure they fill in the address part of the form correctly if they have an unusual address, for example if they live abroad, in student accommodation or a hostel.

Expertoption withdrawals guide: easy withdrawal methods with expertoption 2020

Expertoption is one of the most popular binary options brokers today. Expertoption is an award-winning binary options broker based in st. Vincent and the grenadines. It was launched in 2015 and has continued to enjoy progressive success since then. Currently, expertoption has 8.5 million subscribers and operates in over 150 countries around the world. One of the biggest concerns when working with binary options brokers is the withdrawal procedure and channels. Everyone wants to have access to their money at all times. Unfortunately, due to the complex nature of online transactions, you may not be able to access your money immediately. Many brokers will need at least 24 hours to avail your money in your bank, card, or online wallet.

Now get real account with as little as $10. And start trading the BINARY OPTIONS, FOREX, FX OPTIONS & CRYPTOCURRENCIES at one platform. Click to open free demo account | click to get real account in $10 (april 2020)

My recommended brokers

You need to understand the procedures and policies of the expertoption regarding withdrawals before you get started. This is a detailed guide into how you go about withdrawing money from expertoption. The guide will help you understand how you should withdrawal money easily from expertoption. It will inform you of everything you need to be able to withdraw money. It will also guide you on what you need to do to qualify for withdrawing money. That being said, expertoption has one of the easiest withdrawal procedures.

Eligibility criteria

Expertoption will not allow you to withdraw your minimum deposit. You, therefore, need to make a profit to be eligible for withdrawals. You can only withdraw the profit you have made on your initial deposit. Before you make any withdrawal, you need to verify your account, either through email or phone number.

Also, expertoption will require you to verify your identity before any withdrawals can be initiated. They do this to ensure that they send money to the correct person. You will, therefore, be asked to send some verification documents. You may need to have the following documents, in case they are required for verification.

ID card

A photo of yourself holding the ID card

A photo or scan of your passport

Utility bill

Bank statement

One, a couple or all of these documents might be asked for depending on the circumstances at hand. You might want to at least have, and identification document and a utility bill before you start trading with expertoption.

Withdrawal steps

First, before we outline the exact steps of withdrawing funds expertoption, there are a few general rules. Expertoption offers a couple of methods for you to deposit and withdraw funds. The method you used for depositing the initial deposit is the only method you can use to withdraw the funds. You will need to contact expertoption customer support if you need to change the withdrawal method for any reason.

To withdraw your funds;

Go to the private zone

Request a withdrawal. You can withdraw a partial or full amount

The amount available for withdrawal is the profit on your initial deposit

You might be requested to send some verification documents

Wait for the withdrawal to be processed.

There are three stages when you are withdrawing your funds. The first stage is requested. This appears immediately you request a withdrawal. It is an acknowledgment by expertoption that they have received your request. The second stage is “in process” this means that expertoption is working on your request. The third stage is “processed” which means you should receive money at any time. This process normally takes 10 days. In some complex situations, the process might take up to 30 days. Expertoption offers the following withdrawal methods.

1) bank wires

2) credit cards

Visa

Visa electron

Mastercard

Maestro

Unionpay

3) E-wallets

Yandexmoney

Qiwi

Webmoney

Skrill

Neteller

You can choose any method that is convenient and available to you. Note that withdrawals through traditional methods such as bank wires and credit cards might take longer.

How to verify a forex or binary trading account

Have you ever registered a trading account either a binary or forex trading account with a broker but only to be told to verify the account in order to receive either a bonus or to deposit? Sometimes you wonder what is verification for and is it a must you verify your trading account to deposit or get the bonus.

Verification is a must for a legit broker because it’s one of the KYC processes of financial regulations. If you have been or you are in such a situation then this post is definitely for you.

There are several brokers out there some legit some are not. If you find a broker is not taking the verification process seriously then you need to be cautious since that might be a scam.

Below we are going to cover the following.

Why is necessary to verify a trading account?

Are you wondering why is it important to verify an account? You wish you could open an account and deposit right away. Any regulated company needs to operate in accordance with a number of compliance-related issues and procedures imposed by its main regulatory authority. These procedures involve the collection of adequate documentation from clients with regards to KYC (know your client).

What documents are needed to verify a forex or binary trading account?

The verification documents needed by all brokers are quite the same although they might twist what is needed depending on your country of residence. Therefore, you can verify your profile by uploading clear color copies (mobile photo or a scan) of the following documents:

Proof of identity (POI) – passport, national identity card, or driving license if your identification document also states your correct residential address, then additional proof of address document may not be required. Your document should contain your name, date of birth, a clear photograph, issue date, and if it has an expiry date, that should be visible as well. If the document is double-sided, and there’s relevant information on the backside, make sure to upload that as well.

Proof of address or residency (POA) – bank/card statement or utility bill, issued no longer than 6 months ago. Your document should contain your full name, address, and issue date. The name or logo of the issuer should also be clearly visible. Please make sure to scan your document against a different-colored background, so that all four corners are visible. Examples of documents that can be provided are:

Water/gas/electric/internet/telephone bill/cable TV connection.

Residency certificate.

I am getting an error while trying to upload my documents. What should I do?

Please check the following before uploading:

That the size of your document does not exceed 15 MB.

That the file is in one of the following formats: gif, jpg, tiff, png, doc, docx, and pdf.

If the error message persists you can send your documents to their support by email.

How long does it take to verify my trading account?

In this case, it depends on the broker you have opened an account with. Once you upload all your documents, it can take up to 10 minutes during working hours to 24 hours to verify your profile some even take longer. Most brokers do notify the client once your account is verified. You can also follow your verification status on the broker platform. Verified accounts have a green tick next (for most brokers) to the username on the user’s profile.

What can I do if none of my bills is in my name?

NB: doesn’t apply for all brokers that is why we recommend you do research before opening an account.

You have the following options:

If the ID document that you have already uploaded states your current address, then no other document is required.

A bank/card statement, residency certificate, mobile phone bill, or tenancy contract.

You can use an additional ID document stating your current address.

You can also use a proof of residence document that is issued in the name of your landlord, parent, or spouse. Please specify whose name the proof of residence document is in when uploading the document.

Example:

All of the information on your POI should be visible

Front view of passport or ID when verifying a Forex account

Upload the full document, without cropping and in focus

Back view of passport or ID when verifying a Forex account

Your document should be scanned flat

There should be no cropping and all four corners should be visible

*please note that screenshots are not accepted, even if your POA was taken from a digital document.

I highly recommend XM global since they take the shortest time to verify an account while those who wish to trade binary options can try deriv.Com

XM review; touted as the next-generation broker for online forex and commodity trading, XM global web platform is suitable for read more

Now that you wet your toes, we are ready to start swimming lessons… let’s jump right in. We will now read more

In this chapter we will show you which trading strategies you can combine to get the best results (two is read more

In will discuss how to maximize your profits while minimizing your risk, using one of the most important tools of read more

Vincent nyagaka is a professional trader, analyst &. He has been actively engaged in market analysis for the past 7 years. He has a monthly readership of 100,000+ traders and has taught over 1,000 students since 2014. Vincent is also an experienced instructor and public speaker. Checkout vincent’s professional trading course here.

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.

Therefore important:
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.[/fusion_text][one_half last=”no” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” link=”” border_position=”all” border_size=”0px” border_color=”” border_style=”” padding=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”” animation_speed=”0.1″ animation_offset=”” >

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.[/fusion_text][/one_half][one_half last=”yes” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” link=”” border_position=”all” border_size=”0px” border_color=”” border_style=”” padding=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”” animation_speed=”0.1″ animation_offset=”” >

1b. Proof of ID – passport

You can also scan/take a photo of your passport.[/fusion_text][/one_half][one_half last=”no” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” link=”” border_position=”all” border_size=”0px” border_color=”” border_style=”” padding=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”” animation_speed=”0.1″ animation_offset=”” >

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.[/fusion_text][/one_half][one_half last=”yes” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” link=”” border_position=”all” border_size=”0px” border_color=”” border_style=”” padding=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”” animation_speed=”0.1″ animation_offset=”” >

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.[/fusion_text][/one_half][one_full last=”yes” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” link=”” border_position=”all” border_size=”0px” border_color=”” border_style=”” padding=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”” animation_speed=”0.1″ animation_offset=”” 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.[/fusion_text][/one_full]

Below you can see the brokers most used by our traders. It does not mean that they are absolutely the best, but they have been selected based on the number of registrations and trading operations. In addition to these, you can view the complete list of brokers with relative comparison.

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Risk warning: "binary options are not promoted or sold to retail EEA traders" if the broker is not authorized in your area, e.G. IQ option, olymptrade (eurozone / usa), you can choose from our broker comparison (reliable brokers who accept traders from all over the world, following image):

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Why is identity verification necessary?

Verification of the identity of the trader is a mandatory requirement of international law. Trading platforms often notify potential customers of the need to go through this procedure, writing conditions in the user agreement. Large international brokers practice video user authentication via skype, but this is not necessary for trading on the binomo platform. It is enough to provide the trading platform with the necessary documents and wait for the verification to complete.

Verification on binomo will not require significant effort from users. To confirm your identity in most cases, it’s enough to simply provide a high-quality photo of the spread of a civil passport or ID card (aadhaar card if you’re from india). It is important to understand that the lack of verification or the client’s refusal to provide the company’s employees with the necessary documents for this is sufficient reason to stop providing services to the trader.

It is worth saying that the problems of many novice traders in their relationship with the broker are associated with verification. Therefore, it is advisable to consider this procedure in detail.

Why is identity verification necessary?

Most new traders ignore the terms of the user agreement when registering an account with the company, which inevitably leads to problems with the withdrawal of profits.

On specialized information sites, you can see reviews from binomo customers who accuse the company of fraud due to the blocking of a trading account when trying to withdraw funds. One cannot agree with such opinions! In such cases, blocking access to your account is only a precautionary measure aimed at ensuring the security of client funds.

Attention! Binomo is a trading platform regulated by the competent authorities, therefore, compliance with international law is a direct responsibility of the administration.

What legislation are we talking about?

Persons under the age of majority may not be allowed to trade in financial instruments.

Under the policy aimed at combating money laundering and the financing of international terrorism, each client of a financial company is required to confirm his identity. When providing false information, the customer account must be blocked. In this case, the invested amount is returned to the user’s payment details.

Important! Monitoring the financial turnover of the company, under the anti-money laundering policy, is carried out not only by the broker concerning customers but also by regulators concerning the broker.

It is worth paying attention to another important aspect of the verification of the identity of the trader – the safety of funds. If the identity of the client of the brokerage company is confirmed, and the attackers got access to the account, then they will not be able to withdraw the client’s money to personal details. That is why competent representatives of binomo have the right to block a user account when withdrawing funds from an unconfirmed account.

To avoid problems with the payment of profit, experienced traders recommend that you fully pass verification after making the first deposit. Next, step-by-step instructions will be presented for beginning bidders to verify their identity with binomo.

Based on the information presented, it can be concluded that verification on binomo is necessary to protect the funds of traders, as well as to comply with international law.

User agreement and verification requirements

This document regulates the business relationship between customers and company representatives, so the conditions presented in it cannot be ignored. In the client agreement of the binomo platform, the first section is devoted to confirming the identity of the trader. Familiarization with the main provisions will provide an answer to the question: how to pass verification?

What documents are needed to verify identity at binomo? Under paragraphs 1.3-1.5, the main document for user verification is a civil passport or an ID card (ID is required most of the time). However, in all cases, company representatives reserve the right to require the client to provide:

Receipt for utilities for the last 2-3 months. On the receipt must be the name of the owner of the trading account.

Bank statement or contract from the bank.

Photo of the front side of the bank card, through which the deposit was replenished. Also, other e-wallet payment options need to be verified.

Note: all payment methods are required to be verified in all cases of verification.

How long does verification with binomo take? The deadlines for checking the documents submitted by the user by the security service of the company are regulated by the client agreement and under paragraph 1.4 are no more than 10 working days. If specialists need additional information, then this period can be extended up to 30 working days, but no more.

Paragraph 1.8 deserves special attention. Under the terms and conditions presented, the client of the binomo trading platform should be ready to provide the company representatives with notarized copies of documents confirming the place of actual residence, registration address, and identity. In case of refusal, the application for withdrawal of funds will be rejected. It is worth saying that such measures are rarely used by the platform.

How much of the withdrawal amount may require verification? As mentioned earlier, confirmation of the identity of the trader is a mandatory requirement of the regulator to comply with international law, so the amount of payment does not matter. The company has the right to reject the user’s request for withdrawal of funds if the identity of the owner of the trading account is not confirmed.

How to pass verification? Step-by-step instruction

After registering on the binomo company website, you will need to sign in to the website and go to the personal data page:

Next, you will need to take a few minutes of your time to fill out the submitted questionnaire:

After that, you will need to contact the company’s support team via online chat and inform them about your intention to undergo verification. The specialist will provide detailed instructions and a list of required documents.

Attention! It’s important to mention that trader’s payment methods can be verified only after you make a deposit.

Conclusion

Binomo is a licensed trading platform that provides services to traders in strict accordance with international law. The verification of trading participants in financial instruments is mandatory and is mostly required to ensure the proper security of the trader’s funds. Therefore, do not treat this procedure as a rejection of a request for withdrawal of profit. If the client has provided all the necessary documents, then no problems with payments will arise.

So, let's see, what we have: binary.Com gives everyone an easy way to participate in the financial markets. Trade with as little as $1 USD on major currencies, stock indices, commodities, and synthetic indices. At binary.Com verification documents