This is what account verification does: confirm an individual's identity。This helps avoid scam accounts and reduces spam, impostors, abuse and fraudulent activity on trading platforms。By performing the KYC verification procedure, your broker can ensure that only verified and legitimate users can trade with them。

Account verification is often mandatory in regulated brokers such as AvaTrade。Whether you are a novice or experienced trader, AvaTrade broker is worth recommending because it not only provides reliable service, but also provides user-friendly trading conditions。It also operates under the strict supervision of a number of authorities, including Australia's renowned ASIC and South Africa's FSCA.。

Verify your AvaTrade account

AvaTrade validation is a very simple and straightforward process。All you need to do is submit a copy of the required documents containing your personal information using your computer or smartphone。The broker will then check the documents you submitted。Once the broker approves the validity of the document, your account is verified。

Please note that if you fail to complete AvaTrade's verification requirements within 14 days of your first deposit, your account will be frozen。

Documentation requirements

In AvaTrade, you need to provide two types of files:

◇ Proof of identity: passport, ID card, driver's license ◇ Proof of address: bank / credit card statement, utility bill, municipal tax bill, telephone bill, local garbage disposal agency, affidavit, letter from local city government, Internet bill All documents must be clear and readable。The proof of address must be valid and issued no earlier than 6 months after the time of registration。Please check carefully before submitting to avoid rejection。

If your device does not have a scanning function, you can submit a scanned document or photo of the document。Screenshots, mailing addresses and cropped files are not allowed。Do not forget to save the file in the correct format and make sure that the filename contains only letters and numbers。Any other characters will be invalid。

Step Guide

Open the official website of AvaTrade and log into your account with your email and password。

In the My Account area, click Upload Document on the left sidebar。

Select the type of document you want to upload, then browse your computer and select the document。Click "Open" and click the green "Upload" button to finish。

After uploading a file, you can immediately see the current status of the file。Approximately 1 working day to wait for AvaTrade to review the file。

The next day, you will be able to see if the document was approved or rejected。If the former, you will see a green check mark next to the document。

But if they are rejected, you will see the status change to "Rejected" and the details of the content you need to upload will be displayed next to it。

What are the benefits of account verification?？

Now that you have this AvaTrade guide, you will be able to enjoy the following benefits and advantages as a certified user:

Safer: Authentication helps create a secure trading community that protects your account and funds from malicious actors。You can also easily confirm whether it is you, to prevent others from posing as your identity fraud。

◇ Unlimited trading: AvaTrade will freeze unverified accounts within 14 days of first deposit。This means that your trading activity will be very limited.。Verifying your account will free you from such restrictions completely。

◇ Deposits and withdrawals: you will not be able to withdraw any funds if it is not verified。