If you plan to trade with real money and successfully withdraw your profits, account verification is an unavoidable step. Known as KYC (Know Your Customer), this process is mandated by international financial regulators to prevent money laundering, fraud, and identity theft. By preparing your documents correctly, you can ensure a smooth and fast withdrawal experience on the Quotex platform.
Why is KYC Verification Necessary?
KYC is not a way to complicate your trading—it’s a safeguard. Every reputable financial institution, including banks and brokers, must adhere to these compliance standards. If you have any questions about document eligibility, be sure to check our detailed Verification FAQ section.
- Regulatory Compliance: It aligns Quotex with global Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) standards.
- Account Security: It ensures that only the rightful owner can access and withdraw funds from the account.
- Faster Withdrawals: Once verified, your account is marked as compliant, allowing automated and expedited processing of future withdrawal requests.
Step-by-Step Guide to Quotex Verification
The verification process is straightforward and typically involves confirming your identity and place of residence. You can start this process immediately after registration.
Step 1: Complete Your Profile Information
Navigate to your account profile settings and ensure all fields are accurately filled out. The information here must match the documents you submit later.
- Full Legal Name
- Date of Birth
- Country of Residence
Step 2: Verify Your Identity (Proof of Identity)
This step requires an official, government-issued photo ID. To avoid delays, make sure the document is valid (not expired) and clearly legible.
Accepted Documents typically include:
- International Passport (Recommended for fastest processing)
- National Identity Card
- Driver’s License
Pro Tip: Take a high-resolution photo of the document's front side only. Ensure all four corners are visible, and there is no glare blocking the text.
Step 3: Verify Your Address (Proof of Address)
This document confirms your place of residence. It must have been issued within the last 90 days and show your name and current address clearly.
Accepted Proof of Address documents:
- Utility Bill (Water, Electricity, Gas)
- Bank Statement or Credit Card Statement
- Tax Document
Common Reasons for Verification Delays
If your verification is taking longer than expected, it is usually due to one of these common errors:
- Poor Image Quality: Blurry photos, cropped corners, or obscured data will cause rejection.
- Mismatched Information: The name/address on your documents must exactly match the data entered in your Quotex profile.
- Expired Documents: Any submitted ID must be currently valid.
- Non-recent Proof of Address: Address proofs older than three months will be declined.
Conclusion: Smooth Sailing to Your Profits
Account verification on Quotex is a simple, non-negotiable step that secures your funds and accelerates the withdrawal process. By following this guide and ensuring your documents are clear and current, you can minimize delays and focus on what truly matters: your trading strategy. Ready to practice? Remember you can always start by exploring the platform using a free demo account. For any issues, the Quotex support team is ready to guide you through the process 24/7.
