How to Verify Account in FXTM

To enjoy the full functionality and higher safety measures in FXTM, you must verify your account. How to do it?

FXTM is one of the industry's top brokerage companies and an expert in providing safe trading services for traders of all expertise levels. The company offers a great deal of trading instruments, trading platforms, as well as research tools that can help you make better, rational decisions when trading in volatile markets. It operates in more than 150 countries and has obtained licenses from several financial authorities, including the top-tier FCA.

At FXTM, opening an account is very easy and requires no prior knowledge. However, as a fully regulated broker, the company must require all clients to verify their accounts. This means you need to upload certain documents and wait for the broker to approve your identity.

At a glance, account verification may sound complicated and time-consuming, but don't worry because FXTM verification process is fast and won't hurt your head.

What Documents Should I Prepare to Verify My FXTM Account?

To verify your account, you will be required to upload a clear and colored copy of certain documents. It can either be a scan or mobile photo. The size of the file must be smaller than 25 MB and must be in one of the following formats: GIF, JPG, TIFF, PNG, DOC, DOCX, and PDF. Also, please make sure to provide both sides if it's a two-sided document.

In FXTM, there are two types of documents that you should provide:

1. Proof of Identity – passport, national identity card, driving license
2. Proof of Address – bank/card statement, utility bill (water, gas, electric, internet, or telephone), residency certificate, tenancy contract

The Proof of Address must not expire and issued within the last 3 months. Your full name and residential address must also be visible. If the document you have provided for Proof of Identity already includes your correct residential address, you will not be required to upload an additional Proof of Address.

Steps to Verify Account in FXTM

1. Open FXTM's official website and log in to your "MyFXTM" personal area.
   
   
2. Navigate to the left-hand side menu and click "My Documents". Then, select "Verify Profile".
   
   
   
   
   
3. On the verification page, you will see the types of documents that you must provide. Click the "upload" button for the Identity Documentation (ID).
   
   
   
   
   
4. You can then select the files from your computer and upload them. Make sure that the document fits all the requirements from FXTM.
   
   
   
   
   
5. In addition to uploading the documents, you can also enter the information manually in the application form to make the process faster. This is not mandatory, so if you don't have time to do it, you can just click "skip".
   
   
   
   
   
6. You can repeat steps 3-5 for uploading the Proof of Residence.
   
   
   
   
   
7. Next, simply wait for FXTM to approve your documents. At this point, the status of your request is "processing". This might take around 10 minutes up to 24 hours during working hours. For faster response, you can contact the customer service via live chat.
   
   
   
   
8. The broker will inform you via email once the verification is done.
   
   
   
9. The status of your submitted documents will also change to "Approved". You can now use the account to start trading and access full features of FXTM as a verified user such as making withdrawals.
   

To avoid any issues, it is highly recommended to prepare your documents in advance and make sure that they're valid. However, if you still have any trouble while uploading the documents, you can provide your submission to documents@forextime.com instead.

Is Verifying My Account Really Important?

If you still think that verifying your FXTM account trading is a hassle, you need to remember that account verification is required as part of the international AML policy, which is mandatory for all regulated brokers to follow. Otherwise, the company would have to face consequences from the authorities such as warnings and/or penalties.

The idea is to make sure that all applicants are legitimate so that the broker and its clients are protected from dangerous individuals such as thieves, hackers, frauds, and so on. So long story short, FXTM account verification is part of the broker's security measures to ensure that their clients are real and trustworthy.

In addition to higher safety, verification also unlocks all features offered by the broker. In FXTM, unverified clients won't be able to access certain features and make withdrawals. They can still make deposits but with certain amount restrictions and limited payment methods. Thus, we highly recommend completing the verification process before making any trades to avoid any issues and restrictions in the future.

FXTM broker is a leading trading service provider that strives to support forex traders with 3 focuses on Trust, Access, and Value. Over the years, they managed to gather more than 4 million clients worldwide and 45+ awards that prove their competitive edge in the brokerage industry.