How to Verify Account in FXGT

To access unlimited deposits and withdrawals in FXGT, you must first verify your account. Find out what you need to prepare and how to do it in this article.

Trading with a regulated broker is highly crucial these days. A broker licensed by trusted authorities has a lower chance of being a scam because they must comply with strict rules imposed by the authorities. They are also obliged to provide transparent services and protect their clients.

If you are looking for such a broker, try FXGT. FXGTis a leading broker that offers top-notch trading services for any type of trader. It is regulated by several financial regulators, including two of the most trusted institutions, the FSA and the FSCA. The broker offers many exciting deals, such as diverse account types, low spreads, and exclusive promos. Not only that, the broker also provides decent educational materials to help you get a better understanding of the trading world.

In order to get all those benefits, you need to open an account and complete the FXGT verification process. This is actually a pretty common requirement among regulated brokers in the industry. Many traders do it simply because it is mandatory, but did you know that this step is actually crucial for your safety?

Why Verify Your FXGT Account?

Before we dive into the verification process itself, it is important to understand why verifying FXGT account is necessary:

• Safety Reasons: Verification is basically a security measure to avoid frauds, money laundering, hacks, and other crimes from happening in the trading world. This adds an extra layer of security that will reduce the risk of losing your assets to criminals.
• Access to Exclusive Services: Some features offered by FXGT like withdrawing cryptocurrency and fiat currency are only available for verified users.
• Broker Compliance: Every regulated broker is required by their regulators to implement KYC procedures and confirm their client's identity before allowing them full access to the markets. As a result, the broker can filter their clients and protect their community from undesirable crimes

Prepare These Documents to Verify Your FXGT Account

To verify your account, you will be asked to upload a colored copy of certain documents. You must provide both sides (if the document is double-sided), and make sure that all information matches your profile. Preparing the documents beforehand is a great idea to quicken the verification process.

In FXGT verification requirement, each client to submit two types of documents, namely:

Proof of Identity (POA)

This document is needed to confirm your identity, so make sure it contains your full name and latest photo. You can choose to upload one of the following types:

• Passport
• ID Card
• Driving License

Proof of Address (POR)

This document is required to confirm where you live, so it has to show your residential address and name. It also must not expire and the issue date must be no longer than 6 months. Documents accepted as POR are as follows:

• Utility Bill – Electricity bill, water bill, gas bill, phone bill, tax bill, internet bill.
• Bank Statement
• A Certificate of Residence
• Affidavit

In addition to that, you also need to pay attention to these conditions:

• The document must be clear and no edges are cut off. Blurry images won't be accepted.
• The size must not exceed 10 MB.
• The document format must either be JPEG, JPG, JFIF, PNG, DOC, DOCS, or PDF.
• The document must be officially issued by your local government.

How to Verify Your FXGT Account

Now that you understand the importance of FXGT account verification and what documents to prepare, here's the step-by-step guide of the main process:

1. Open FXGT's official webpage and log in to your account.
   
   
   
   
   
2. Once you are inside the Client Portal, you may see a small reminder that says your account is still unverified at the top.
   
   
   
   
   
3. You will see a pop-up message that shows the status and the current conditions of your FXGT account. Press "Go to verification page" to start the verification process.
   
   
   
   
   
4. On the next page, you need to complete the form with your personal data. Keep in mind that the data you input in this form must match the data in your documents. Once you are done, click "Proceed to Upload Documents".
   
   
   
   
   
5. Click "Upload" to select your file from your computer and submit it. Preparing the documents in advance would greatly speed up this process.
   
   
   
   
   
6. Once you're done, click "Submit for Verification".
   
   
   
   
7. After that, you can sit back as FXGT reviews your documents. You will be notified once your account is successfully verified or if you need to upload some additional documents. In addition, the reminder for verification will be gone from your dashboard, which indicates that now you can enjoy the full features of your account without any barrier.
   

So that's it! Once you verified your account, you can enjoy all the functionality offered by FXGT including making unlimited deposits and withdrawals. Please note that transfer out is not the same as withdrawal. The former refers to making internal transfers in and out of your FXGT accounts. Meanwhile, withdrawal means cashing out your balance to an external bank account and this requires verification.

FAQs on FXGT Account Verification

• Can I make a deposit using an unverified account?
  Yes, you can still fund your account but only up to USD5000 (Japan) or USD2000 (global).
  
  
• How long does the verification take?
  It varies from broker to broker, but in FXGT, the process can take up to 24 hours. However, it may be longer if there's an issue with your documents.
  
  
• What would happen if the broker rejects my documents?
  FXGT will send you a notification via the ticketing system that you can check on your Client Portal and via email. The message will specify the reasons for the rejection along with the instructions on how to fix it. You may be required to provide additional documents to support your proof or replace the submitted documents.

FXGT broker is a trusted global brokerage company that was founded in 2019. The broker has a good reputation for offering a diverse list of tradable instruments such as forex pairs, stocks, indices, commodities, cryptocurrencies, and even NFTs. It also provides competitive prices and many educational resources for beginner traders.