Olymp Trade verification: How to verify your trading account


If you want to trade through Olymp Trade, you are required to get yourself registered with it. In addition, you must also verify yourself to keep your personal details secure.

Olymp-Trade-account-verification

If you have recently registered yourself with Olymp Trade or are making your first trade with it, read this post till the end to know about the Olymp Trade verification process.

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Olymp Trade account verification process

The following chapter is divided into two parts: the account verification requirements and the verification process itself.

Account verification requirements 

If you want to verify your Olymp Trade account without any hassle successfully, you need the following things:

Proof of identity 

The first thing you need for Olymp Trade verification is a document to prove your identity. This document can be anything, a photo of your passport, driver’s license card, or any other legal document with your date of birth, name, and picture.

Proof of identity on Libertex

It’s advised to use your official passport to complete the verification work quickly. Also, if you are unsure about the document you have submitted as POI, you can submit more than one document. 

If you do not want your account verification to get delayed, here are a few things you must remember.

  • You must only submit the scanned document or photo that is visible. A low-quality document or photo is hard to read, and therefore, the verification process can get delayed. 
  • Avoid submitting any document’s screenshot.
  • If you submit a document or photo scan of POI taken more than two weeks ago, the process can get delayed. 
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Proof of address 

Along with submitting a document for your identity proof, you need to submit your proof of address. Any document with your address, complete name and date of issue can be used as address proof.

That means you can submit your credit card statement, utility bill, bank statement, or any other similar document meeting the requirements of address proof. Here’s what you need to remember while submitting your address proof:

  • The document you are scanning and using as address proof must not be more than three months old. It proves that you are still living at the same address you are using to verify your identity. 
  • Documents like purchase invoices, mobile phone bills, and similar cannot be used as address proof as they don’t have your home address. 
  • For the bank statement, your complete address that can be used for completing verification is mentioned in the letter. 
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Your Photo (3D selfie)

With identity and address proof, you also need a special 3D selfie to verify your Olymp Trade account. You can take this selfie using your computer’s inbuilt camera.

selfie

Or you can take a selfie using the Olymp Trade app on your phone. 

Proof of payment 

At last, you are required to submit proof of your payment to show the legitimacy of your financial transactions on this trading platform. Here’s what you need:

  • You must scan the front of your card if you use it for the transaction. The front of your card has your name and the card’s expiry time. Hide digits other than the first 6 and last 4 digits. 
  • You are required to submit the screenshot for your e-wallet. The screenshot must contain your e-wallet email address, name, e-wallet, deposit amount, and transaction date. You can only use the e-wallets that are supported by the trading platform. 
  • You must submit the document with your bank account number, transaction date, full name, and deposit amount for the wire transfer. 
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(Risk warning: You capital can be at risk)

The verification process 

After you have collected all the documents required for Olymp trade KYC, you can start the verification process. 

Fill out the identification form 

You must carefully complete the identification process by clicking on the identification request on the profile. By filling in the details, you will confirm our personal details, which will protect you from potential fraud. 

Upload the requirements 

After filling out the identification form, you must visit Olymp Trade’s website. Then submit all the required documents in the verification section.

olymp trade verification

Your verification process will be completed quickly if your documents are properly scanned and formatted. 

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(Risk warning: You capital can be at risk)

Track your verification status

After completing and uploading documents, you can track your verification status. In most cases, the verification process gets completed within 24 hours. But if there’s an issue with the submitted document, the process can be extended up to 5 working days.

waiting

You can track your verification status by visiting the account verification on your profile. Or you can do it through the Olymp Trade’s test updates. Once the verification is completed successfully, you will receive an email and SMS.

Why is account verification necessary?

Account verification is necessary because it protects your details. If your account is verified, you can stay protected from illegal activities in the binary options trading world. You also agree to Olymp Trade’s terms and conditions by verifying your account.

Scammers
Scammers

Olymp Trade always encourages traders to verify their accounts as it is an ideal way of curbing fraud. Not to mention, a verified account lets you move large amounts of money without any hassle. Also, Olymp Trade withdrawal without verification supports less than $100. 

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(Risk warning: You capital can be at risk)

Benefits of verifying the account 

Are you not sure whether you should verify your trading account or not? Well, here’s why you must do it. 

  • There is always a risk of hackers logging into your profile and stealing all your money. But if you have a verified account, you can securely keep your account details and keep your money protected. 
  • If your account is not verified, there is a risk that it might not qualify for the Olymp Trade withdrawal parameters. If you fail to prove that you are the account holder of the account you want to withdraw money from, you can’t use your earned profit. It’s a mandatory rule for security purposes. 

Conclusion

If you want to enter the binary options world without risking your money, you should register with Olymp Trade. When creating an account with this binary options broker, you must verify your identity.

olymp trade 60-second-trading

You can go through the list of documents mentioned in this post to verify your identity quickly. Once your account is verified, you can easily withdraw money and stay protected from scammers. 

FAQ: Frequently asked questions

Do you need to verify your identity again?

You will be required to complete the verification process if you use a new payment method. Also, if there are some missing documents, you might be asked to verify your identity again. Lastly, if you change your contact information, you would have to verify your identity one more time.

➥ Sign up with Olymp Trade for free now!

(Risk warning: You capital can be at risk)

About the author

Percival Knight
Percival Knight is an experienced Binary Options trader for more than ten years. Mainly, he trades 60-second trades at a very high hit rate. My favorite strategies is by using candlesticks and fake-breakouts

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