Last week I tried to open an account in IC Market and I was so surprised to find out that I need to provide a lot of documents. I wouldn't mind providing my information such as ID like a passport or driver's license. But what is the urgency of me providing proof of residencies like my bills or tax statement? Does it make me feel unsafe to share my current living address? Is there any way I don't have to provide it?
Reid Fulton: IC Markets Global Anti-Money Laundering policy outlines the documents that you must provide us before opening an account. We require such documents to ensure the location of our clients and to check if they are eligible to use our services. All this is In accordance with the FSA Anti-money Laundering and Countering the Financing of Terrorism Act 2020 we are required to verify your identity prior to opening a trading account.
R Reid Fulton
May 24 2022
Last week I tried to open an account in IC Market and I was so surprised to find out that I need to provide a lot of documents. I wouldn't mind providing my information such as ID like a passport or driver's license. But what is the urgency of me providing proof of residencies like my bills or tax statement? Does it make me feel unsafe to share my current living address? Is there any way I don't have to provide it?
I IC Markets
Official Response
Jun 10 2022
Reid Fulton: IC Markets Global Anti-Money Laundering policy outlines the documents that you must provide us before opening an account. We require such documents to ensure the location of our clients and to check if they are eligible to use our services. All this is In accordance with the FSA Anti-money Laundering and Countering the Financing of Terrorism Act 2020 we are required to verify your identity prior to opening a trading account.