Visit the broker's official website, log in, and click the "Become a Real Trader" button in the upper right corner. Confirm your phone number and email address by following the prompt and entering the codes sent to you by SMS or read out during a phone call with the broker's customer agent. Lastly, upload your identification documents to validate your Exness account.
How To Verify Exness Account
Updated: November 07, 2023
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Exness is a legitimate investing platform that offers beginner-friendly services, making it a top broker for novice traders. So, after signing up with Exness, which is among the top trading platforms for stocks, Forex, CFDs, and commodities, the next step is to verify your Exness account. As a condition for getting the best of this broker's services, after opening an account, traders must proceed to the Exness account verification center.
Although you can trade and use some of the tools on this broker without verifying your account, this limits your ability to assess the top tools on the platform. Exness verification is a way the trading platform implores to ensure that the customers are protected from unforeseen circumstances. These include abuse and fraud, which may harm the trader's financial status or investing experience.
While Exness account verification ensures only the account holder has access to their account, you must follow the due process to get this done without error. However, TU experts have carefully examined the Exness verification process to simplify it for potential traders. So, in this article, traders will get a comprehensive guide on how to verify their Exness account without any hiccups.
How to verify my account on Exness?
Exness verification is straightforward and only demands that the trader use a smart device that is in good working condition. Once more, to prevent needless disruptions and going through a specific step again, ensure your internet connection is strong. So, if you're ready to verify your Exness account, follow the steps below.
Step 1: Visit the Exness official website and log into your personal area
Image: Exness official website
Step 2: Click on the become a real trader button
After selecting "Become a real trader," select "send me a code" to confirm your email address at the following prompt. Next, enter the code that was sent to your email in the blank field, and click Proceed.
Image: Exness official website
Step 3: Verify your Email and Phone
To verify your phone, select either the call or SMS verification process, then click Send Me a Code. Click Continue after entering the code to finish the phone verification process.
Image: Exness official website
Image: Exness official website
Step 4: Enter your personal information
This stage demands you enter authentic information, as you may have it on your government identity documents. These include your full name, gender, date of birth, and current residential address. Click Continue to confirm this information.
Image: Exness official website
Technically, a message that contains your email, contact number, and personal information is sent to the Exness server for evaluation. Click Continue to complete the economic profile stage.
Step 5: Share your trading history on the economic profile with the broker
Here, your choice of answers could be contingent upon your trading background and financial status. After answering all of the broker's questions, click continue to move on to the last step of the Exness verification process.
Image: Exness official website
Step 6: Submission of valid identity information
This stage is the most crucial part of the Exness verification. You have to provide valid proof of identity and residence. However, you must first verify your legal name before proceeding, which may need you to upload these documents to the broker. All of your documents, particularly the official and financial ones, must have the same format.
Image: Exness official website
Click the "Upload Document" button to begin the upload process after confirming your legal name.
Choose the nation where the identity document was issued to you.
Select ID type
Capture high-quality images of documents while adhering to the page's dos and don'ts.
Click Upload Document to complete the digital copy attachment process.
Next, select "Submit document."
Step 7: Submit your proof of residence
There are options for the type of document you need to submit in this stage of verifying your Exness account. Click upload after fulfilling the commands.
Image: Exness official website
The success of the Exness verification process depends on the precision of the proof you have submitted. The broker may need to review all of the information and supporting documents you submitted before verifying your account. After 20 to 24 hours, check your PA once more to ensure the success of the Exness account verification. If your verification documents are rejected, you can start the procedure from step 6.
What documents do you need?
Exness verification requires top official documents that tell more about you and your location. Depending on where you live, what kind of account you are opening, and the regulatory authority in your area, different documents and requirements may be needed to verify your Exness account. These include;
Proof of Identity (POI) documents
International passport
National ID card
Driver's license
Voters card
Proof of Address (POA) documents
Utility bill (electricity, gas, landline phone, or water)
Bank statement
Official government document. It should include your name and address and be recent—typically within the last three months.
Documents used for exness verification must be clear, valid, and feature your entire name and photo. Exness typically accepts color scans of documents in high quality, as well as photos and PDFs.
A picture of the client with their full name that corresponds to the account holder's name must be included in the proof of identity (POI) documents. If the document is two-sided, make sure you upload both sides. The client's date of birth must show that they are 18 years of age or older. The client’s full name, address, and issue date must appear on Proof of Residence (POR) documents.
The upload formats for Exness verification documents should be a photo, scanned files, or a photocopy that shows all of the corners. Again, the file extension needs to be one of the following: png, jpg, bmp, mov, webm, m4v, jpeg, mp4, pdf (up to 64 MB).
How long does the Exness verification take?
Verifying an Exness account is quick. If you have legitimate verification documents with you, the process should only take a few minutes to finish. You can anticipate receiving feedback after submitting your Proof of Identity (POI) or Proof of Residence (POR) documents a few minutes after completing the process. However, if the documents need advanced verification (a manual check), it could take up to 24 hours for each submission.
If the email or message you get says Exness account verification is successful, then your Exness account is officially verified. Exness notifies you of the situation and possibly what went wrong if the process fails.
Note:
It is possible to submit the POI and POR documents for both identification processes simultaneously. However, you are free to forego the POR verification phase. Since your address and identity are verified separately, the re-evaluation process may take up to 48 hours if either of the two documents is invalid.
A trader's maximum deposit limit is USD 50,000 if they complete the proof of identity verification process alone. Before restrictions are lifted, the trader must complete the POR account verification.
Can you use Exness without verification?
Yes. Traders can register accounts with Exness and use their services to trade and invest, even without going through the Exness account verification process. While you can use Exness without verification, you might not be allowed to assess the full range of services available on this trading platform. Therefore, traders must finish the verification process to receive the best trading services from Exness.
A trader trading with an unverified account will not be able to withdraw any of their benefits. Any attempt to withdraw funds will require that they verify their account. In addition to adhering to international regulations, Exness verification is in place to guarantee the security and integrity of the platform. It reassures traders that their broker is legitimate, and it also gives the broker peace of mind that each account owner is genuine.
Why you should verify your Exness account?
Verifying your Exness account helps to guarantee that all of your account's activities are legitimate. Brokers use the verification to make sure users on their platform are who they say they are. Once more, it aids the broker in making sure that legitimate account holders follow the financial rules. Below are other top reasons why traders should verify their Exness account.
1
The first step in ensuring the security of your account and assets is to verify your trading account with Exness. Brokers like Exness can better protect your financial transactions if your account is duly verified.
2
It could be challenging to get the appropriate authorities to take action if something goes wrong with an unverified trading account. This is why regulators mandate that brokers such as Exness and other financial institutions confirm the identity of their customers. Trading account verification minimizes the risk of nefarious activities, such as money laundering.
3
Unverified accounts have deposit caps, and some payment options are not available. Since you do not have the flexibility that others using a verified account have, you might be missing out on opportunities to make more profits.
4
Exness may limit access to certain features and services, like withdrawals, to verified users only. You will miss out on cryptocurrency investments and bank card deposits if your Exness account has not been completely verified. Only verified Exness account users can utilize these features.
5
Verification assures you that you are trading with a reputable broker.
Note:
If you are unable to verify your account, maybe you can use the few deposit methods for unverified accounts to fund your live account. Exness will issue you a maximum of 30 days to complete account verification.
Again, if you start the process but fail to complete it, you can only be allowed access to fewer services. For example, after completing the economic profile and confirming your phone number and email address, you can deposit a maximum of USD 2,000 per personal area. Upon successful account verification, these restrictions are removed. Verification of Exness is a prerequisite for all Forex traders worldwide using the Exness platform.
Potential reasons why the Exness verification procedure might not succeed
There are several reasons why your Exness account verification may have failed. Here are some possible reasons why you received a message stating that the process failed at the end of the Exness verification.
Verification of an Exness account may fail if a document uploaded is in an unsupported language.
Uploading an identity document that shows the trader is not up to 18 years.
Document proving address without client's name.
You uploaded a low-quality photo and provided comparable documentation for POI and POR verification.
The identity document is no longer valid, or the document photos have been altered.
There is no visibility of the document's corners or document data.
The data in the document is not sufficiently visible for the system to read.
You have 45 days to upload a new document for everyone that was rejected. Exness will notify you of the remaining time by placing a timer at the top of your area. Your Exness account will be blocked, and you will not be able to access the funds if you do not finish the process within the issued days.
FAQs
How do I verify my profile on Exness?
You will need to follow the platform's verification procedures to validate your Exness profile. These procedures usually entail providing particular documents and information that attest to your identity and compliance with legal requirements. Finding the "become a real trader button" is the first step in the process. Then, follow the instructions to upload identification documents, such as a driver's license, passport, or national ID card. Provide documentation attesting to your residential address as well.
Do I need to verify my Exness account?
Yes. If you want to enjoy all the trading services that Exness offers, then verifying your account is the next step after opening an account. Verifying your trading account will ensure the security of your funds and compliance with regulatory requirements. Also, it will give you the luxury of depositing and withdrawing funds using any payment method you find convenient.
How long does it take for Exness to verify your account?
The least time that Exness can take to verify an account is 24 hours, particularly if the documents need advanced verification (a manual check). However, traders should receive feedback minutes after submitting Proof of Identity (POI) or Proof of Residence (POR) documents.
How do I verify my payment account on Exness?
Log into the main area and click Complete Verification at the top to verify your payment account. Following the on-screen instructions, complete the economic profile verification and upload the required identity and address verification documents. After verification, you can use any accepted payment method to execute transactions.
Team that worked on the article
Peter Emmanuel Chijioke
Contributor
Peter Emmanuel Chijioke is a professional personal finance, Forex, crypto, blockchain, NFT, and Web3 writer and a contributor to the Traders Union website. As a computer science graduate with a robust background in programming, machine learning, and blockchain technology, he possesses a comprehensive understanding of software, technologies, cryptocurrency, and Forex trading.
Having skills in blockchain technology and over 7 years of experience in crafting technical articles on trading, software, and personal finance, he brings a unique blend of theoretical knowledge and practical expertise to the table. His skill set encompasses a diverse range of personal finance technologies and industries, making him a valuable asset to any team or project focused on innovative solutions, personal finance, and investing technologies.
Dr. BJ Johnson
Developmental English Editor
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.