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Licensed websites to sign up with

Anyone looking to get involved in financial trading of any kind should always be extremely attentive to the platforms they use. There are bad actors throughout the world of online finance, and even in the absence of these it is easy for traders to be confused by complex legal agreements. 

For these reasons, we recommend that you always read the terms and conditions (T&Cs) of any website you decide to use. T&Cs often hide withdrawal limits, deposit conditions, and other conditional limitations and restrictions that could affect the functioning of your account. Many platforms have very particular terms of use, and violating these could mean you forfeit the right to your account and even your funds. 

Terms and Conditions

Terms and Conditions are the legal contract which you will need to agree to before accessing a site. The page is usually listed at the bottom or top right hand corner of every site. It will include all fine prints and details about how the site processes and manages user data, privacy policy and financial implications. You should go through the T&C very carefully to avoid financial loss or legal problems later on. 

Know Your Customer (KYC)

Most platforms have KYC procedures where you have to verify your identity before getting full access to the site. The process involves uploading a photo of your national ID/passport. Also, you may be asked to submit a selfie or engage in a video call to confirm it’s you on the document you just submitted. You will also have to submit a utility bill to confirm your address. 

Deposit, Withdrawal Limits and Conditional Account Limits

Most platforms will limit the financial transactions from a single profile as per the financial regulations of the licensing state. Sometimes, limits are also imposed in case of profiles that do not have a full KYC. This is done to prevent fraud and limit the loss of an account in case an impersonator gains access and tries to steal/transfer funds. Check for different limits before accessing a site.