Exness Account Verification: Prerequisite for Live Trading

As a regulated broker, Exness has implemented strict compliance measures to ensure adherence to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. One of the critical requirements for traders is to complete the account verification process before engaging in live trading activities. This article aims to provide clarity on whether it is possible to trade on an unverified account with Exness.

Trading on an Unverified Account

Exness does not permit live trading on unverified accounts. Until the account verification process is completed successfully, traders will have limited access to the trading platforms and may only be able to engage in demo trading or practice mode.

It is important to note that Exness has implemented this policy to comply with regulatory requirements and ensure the integrity of its trading environment. Allowing trading on unverified accounts could potentially expose the broker and its clients to various risks, including financial crimes and potential losses.

Exness Account Verification Process

Exness requires all new clients to undergo a comprehensive account verification process to confirm their identities and ensure compliance with regulatory requirements. This process typically involves the following steps:

  1. Providing personal information: During the account opening process, traders must provide accurate personal details, including their full name, date of birth, and residential address.

  2. Submitting identification documents: Traders must submit clear copies of their government-issued identification documents, such as a passport, national ID card, or driver’s license.

  3. Providing proof of residence: Exness may request additional documentation to verify the trader’s residential address, such as utility bills, bank statements, or official government-issued documents.

Completing Account Verification

To complete the account verification process with Exness and gain access to live trading, traders should follow these steps:

  1. Log in to their Exness Personal Area and navigate to the account verification section.
  2. Carefully review the document requirements and ensure that the provided copies are clear, legible, and meet the specified criteria.
  3. Submit the required documents through the designated upload section or via email, if instructed.
  4. Wait for Exness’s compliance team to review the submitted documents and confirm the successful verification of the account.

Once the account is verified, traders will have full access to the trading platforms and can start engaging in live trading activities with Exness.