How To Verify IC Markets Account: Full Tutorial
How to verify the IC Markets account?
First, you need to complete your registration with IC Markets. Before you start the verification process, you will need a POI (passport, driver's license, national ID) and POR (utility bill, bank account statement or credit card, birth certificate) documents to verify your IC Markets account..
-
How do I verify my profile on IC Markets?
First, you need to complete your registration with IC Markets. Before you start the verification process, you will need a POI (passport, driver's license, national ID) and POR (utility bill, bank account statement or credit card, birth certificate) documents to verify your IC Markets account. Now, in your account area, search and click on the profile button, select Upload documents, and follow the prompts to get started with the process.
-
Do I need to verify my IC Markets account?
Yes. Traders need to verify their IC Markets account because of the limitations and restrictions placed on unverified accounts. You may not be able to trade with a real account or make any deposits or withdrawals if your account is not verified.
-
How long does it take for IC Markets to verify your account?
The process is quick if you can use a dependable internet-connected device to upload a high-quality image of valid POI and POR documents. Verifying an IC Markets account only takes a few hours or a maximum of two business days.
-
How do I verify my payment account on IC Markets?
On IC Market, confirming the authenticity and ownership of a payment account requires submitting specific data and supporting documentation. Your identity may need to be verified, so you may need to present identification from the government and proof of your residential address. The platform's requirements and your jurisdiction may require you to submit tax-related data, like a tax ID number.
IC Markets account verification is the next important assignment traders do after opening a trading account. When a prospective trader opens a new account with the IC Markets trading platform, one of the inevitable steps is confirming their identity. You need to verify your account if you want full access to the services available on this platform, as unverified accounts have limited access. For a more seamless IC Markets verification process, it is best that you use updated and clear documents.
TU experts will present traders with comprehensive information about the documents needed for this exercise and a step-by-step guide on how to verify an IC Markets account.
How to verify my account on IC Markets?
IC Markets believes it can create a safe trading space for all of its customers if they verify their accounts after registering. This is why IC Markets verification is crucial. You will have to upload specific documents, which the broker will review and verify your account if the documents are genuine. You are free to trade and utilize the broker's entire array of services once the evaluation is complete.
Step 1: In your account area, click on profile and select upload document on the dropdown.
IC Markets official website
Step 2: Read the information on the prompt and scroll down to upload your document
IC Markets official website
IC Markets official website
Step 3: Click on upload when you are done
IC Markets official website
Step 4: You will receive information regarding the success of the exercise once the broker has reviewed your application.
IC Markets official website
What documents do you need?
The documents traders need to complete the IC Markets verification vary. The following forms of picture identification are appropriate for opening an account:
-
A current passport
-
A legitimate government identification card, like a driver's license or state ID
-
A legitimate National Identity Card
The documents traders need to complete the IC Markets verification vary. The following forms of picture identification are appropriate for opening an account:
-
A current passport
-
Credit Card or Bank Statement
-
Birth Certificate
-
Certificate of Citizenship
-
Tax Document Issued by the Government
All identity documents must bear the bearer's name and address in full and be up to date.
How long does IC Markets take to verify
After your identification and proof of residency are received, IC Market takes 48 hours to finish the evaluation of the documents the broker submitted. Some accounts get verified earlier than anticipated — maybe a few hours (5 to 15 hours) after completing the IC Markets verification. In certain cases, the broker needs more time to finish verifying an account. After completing the IC Markets verification process, if you have not heard back from the trader within two days, get in touch with customer support. By emailing accounts@icmarkets.com or utilizing live chat assistance, you can inquire about the progress of your application.
Can you use IC Markets without verification?
Depending on your intended use and the type of account, users usually have to complete a verification process before they can start trading with brokerage companies such as IC Markets. In compliance with the FSA Anti-Money Laundering and Countering the Financing of Terrorism Act 2020, individual and corporate users are required to verify their IC Markets account. Verification is a standard procedure in the financial sector that ensures the security and integrity of financial transactions and complies with regulatory requirements.
Why you should verify your IC Markets account?
Through IC Markets verification, you can be certain that all of the activity connected to your IC Markets account is legitimate. Brokers utilize the verification process to confirm that users on their platform are who they claim to be. Again, it assists the broker in making sure that clients who have authentic accounts follow financial rules.
The following are additional reasons traders should verify their IC Markets account.
-
1
Verifying your trading account with IC Markets is the first step towards guaranteeing the security of your account and assets.
-
2
IC Markets can better safeguard your financial transactions if the verification test for your account is successful.
-
3
Convincing the appropriate authorities to step in may prove difficult in the event of issues with an unverified trading account. Because of this, authorities require brokers like IC Markets and other financial organizations to verify the identity of their clients. Verification of trading accounts reduces the possibility of illicit activity, including money laundering.
-
4
There are deposit caps on unverified accounts, and certain payment methods are not accessible. You may be losing out on opportunities to increase your profits because you do not have the same flexibility as others who use verified accounts.
-
5
IC Markets may restrict unverified users' access to particular features and services. Traders may not have access to any of the withdrawal methods available on the platform. If the verification process for your IC Markets account is not complete, you will lose out on bank card deposits and cryptocurrency investments. These features are only available to users who have verified IC Markets accounts.
The main problems with the IC Markets verification
There are several reasons why your IC Markets account verification may have failed. Below are a few potential causes.
-
Submitting an identity document proving the trader is not older than eighteen
-
Proof of address document without client's name.
-
If a document is uploaded in an unsupported language, the IC Markets account verification process might not succeed.
-
You submitted a low-resolution POI and POR document image or an incorrect file format or size.
-
The identity document is no longer valid or has been tampered with.
-
The document's corners are not visible.
-
The document's data is not visible enough for the system to read.
-
IC Market's verification process could face challenges due to technical problems with the website or platform. This could involve server troubles or other technical hiccups.
However, to avoid having challenges with your IC Markets account verification, follow the broker's requirements for documentation and instructions. Ensure the files you submit fit the requirements and are clear and readable. Additionally, confirm that your network connection is stable, or even better, relocate to parts of your neighborhood with uninterrupted internet access. And if you have any problems, contact IC Markets' customer service for help.
Team that worked on the article
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 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.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.