If a trader wants to start working, it’s necessary to authenticate an identity by means of verification. In addition it should be kept in mind the brokers have various conditions of this procedure.
Some financial intermediaries are too strict and prudent regarding the process. They aim to prohibit the activity of clients not having legal authorities, prevent fraudulent activities and money laundering on the stock exchange.
The newcomers on the financial market should understand the broker has a right to require:
- scans of identification documents (passport and etc.);
- copies of checks, receipts with a user’s name and surname;
- bank card copy.
The verification procedure is not long and allows the company’s client to have an opportunity to trade on the market. Only a demo-account is available without it.