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.
Terms and Conditions
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.