We all know that developing skills and strategies is essential to excel in binary trading. But before doing that, we must not forget the first step in trading.
Yes! Account opening process! You can only begin your journey once you have opened a trading account with a reliable broker.
Now, the account opening process depends on the broker’s discretion. However, many try to keep the process as simple as possible. Moreover, for additional safety and security, they require you to undergo a verification process.
The main reason behind thre Quotex verification process is to prevent fraudulent activities. Quotex is one such broker that requires you to undergo a verification process to make the trading as transparent as possible. The verification process is simple, unlike other brokers.
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How can I verify my account on Quotex?
The Quotex verification process is essential to make sure that you meet all the requirements to become a trader. Moreover, it also ensures transparency between the trader and the broker.
To verify the account, you need first to begin the registration process. You can initiate that with either your email id or Facebook id. It also accepts VK id. Once you have finished the sign-up process, the provided documents shall go to Quotex for verification.
It is a process that confirms and ensures the data provided by a trader are genuine and abides by the guidelines. The verification requirements are not complicated, and the entire process would not take much time to complete.
A trader shall only need a few basic documents.
- A copy of the passport’s first page. The scanning should include the photograph.
- A selfie for photo identification
- Proof of the present residential address for confirmation
The verification process involves the following steps:
- The first step is to sign up for an account. After completing the sign-up process, you need to go to your account.
- Next, you must enter all the data regarding identity information.
- The next step is to upload your ID for verification. It can be your passport, local ID, or driving license.
- After uploading your ID, you will see a waiting confirmation status. Quotex has received the documents, and the scrutiny is under process.
- Now, you must wait for Quotex to verify all the presented documents. Once the entire verification process is complete, you shall see a status on the screen mentioning ‘verified.’
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(Risk warning: Trading involves risks)
How long does Quotex take to verify?
Quotex offers a simple and fast verification process. It requires only the basic documents to do so. Hence, it does not lag in time. You can expect a complete verified status within 2-5 business days.
Can you use Quotex without verification?
Quotex is a regulated broker that adheres to the guidelines strictly. Therefore, it may not allow you to start trading with a live account until the verification process is complete.
Founded in 2019, Quotex may appear a new player in the binary trading brokerage business. But, it has become one of the most competent service providers in such a short period.
It offers a customer the best functionality when it comes to financial management. Quotex aims to implement a lightning-fast speed of updating quotes, unlike other market competitors. It claims to have a user interface that can create sheer comfort while working with its platform.
The distinct growth of this broker is mainly because of its efficient team members.
Each member in Quotex is a specialist with experience that spans over 10 years. If we compile the team’s total experience, it can come as a broker with over 200 years of experience. That is the might of Quotex!
With Quotex, you can use more than 400 trading tools like indicators to help you excel in the trading game. It also offers a modern platform with state-of-the-art features that shall help you win the trades. It also has 24/7 customer support, which makes it a customer-friendly broker, that you can rely on.
About Binary Options
Increasing wealth and getting rich is now a possibility for everyone with trading. There might not be a better way to achieve that. It may be a newly discovered fact in the present time, but it has been around us for ages. It was the only means to earn a livelihood in the older times.
However, now it has grown into an economic activity that aims for monetary growth. Countries are now depending on trading for their economic well-being. That is why it is becoming a sensational method of earning.
Over the last twenty years, binary options have shown how trading can progress further. The new trading format in the trend is only growing in its popularity. Understanding binary options is simple. It is nothing but a financial contract that allows a trader to predict an outcome in either a yes or no proposition.
Due to only two outcomes, a trader must predict whether a price will increase for an asset or not. This feature makes it simple as well as tricky. If your prediction goes wrong, you will get nothing in return.
But, that is only the drawback of binary trading. On the other hand, if the prediction is accurate, you can expect returns between 65% to even 85%. Such a margin makes it one of the most profitable trading methods. That is the main reason behind more people joining binary options trading nowadays.
Conclusion: The Quotex verification is simple and fast!
Since binary trading has grown in popularity, many people are trying to find ways to execute fraud. One of such ways is to make fake documents and start trading. Therefore, the brokers came up with an additional verification process that assures there isn’t anybody using a fake profile. It may sound like an additional step that delays the trading process. But, it helps all the traders enjoy a fraud-free experience with the binary broker.
The verification process of a trading account is essential to ensure a safe and trustworthy trading experience. However, it takes additional time with some brokers and makes it difficult for the traders to begin trading and withdraw their profits.
But, Quotex differs from them in offering a simple verification process that does not take much time to complete. Therefore, the easy account opening and verification process combined with Quotex’s advanced features makes it the ideal choice for all binary traders.