Main account verification

Main account verification

  1. 1. What is verification?

  1. Verification is a confirmation of Main account holder's identity. To deposit/withdraw funds via available payment options and/or make transfers between accounts, your Main account must be verified/upgraded up to Grade 2.
    The current verification status is displayed in the Account status section at the top right of the Client Portal. The newly registered account has 'Not verified' status.

  2. To verify your Main account:

    1. Select Settings → Verification in the Client Portal.
    2. Select the Main account type:
      • Personal: You intend to operate the account as an individual.
      • Joint: You intend to trade together with another person and make payments from a joint bank account. During registration we will ask you to specify names, addresses and other information on the Primary and Secondary account owners. Both owners will have equal access to the account.
      • Corporate: You intend to trade on behalf of a company and make payments from a corporate bank account. We will ask you to specify the Company Director's name and address and provide additional documents during verification.
    3. Fill in the personal/corporate details form
    4. Verify the phone number (Grade 1 for Personal/Joint account).
    5. Upload the requested verification documents (Grade 2 for Personal/Joint account).
    6. Click Submit.

    When your account is verified, it will be assigned a verification grade.
    Account verification may take up to 48 hours on business days.

    Important: The time required to review your documents and verify your Main account may increase if you have to re-submit your documents (because the documents were rejected by ForexEE team or you were asked you to submit additional documents).

  3. 2. What documents are required for verification of Personal Main account?

  4. If you have a Personal Main account, upload your documents required for Grade 2.

  5. 3. What documents are required for verification of Joint Main account?

  6. If you have a Joint Main account, upload the documents required for Grade 2 of both account holders.

  7. 4. What documents are required for verification of Corporate Main account?

  8. To verify a Corporate Main account, upload the following documents:
    • A scan of registration documents for the Company (Articles of Incorporation or a document of similar power).
    • A scan of the Company owner’s Personal ID (passport, Driver's License or any other valid photo ID with a name and an actual address).
    • Proof of the Company's address – a document confirming the actual address of the company listed in the trading account (a scan of a bank statement or a utility bill).
    • Proof of address of the person who opens Main account (not older than 3 month from current date).
    • Certificate of Good standing or Certificate of Incumbency (not required for companies incorporated within last 6 months).

    We accept documents in the following formats: *.jpg (JPEG), *.gif, *.pdf, *.png. The size of each document must not exceed 20 Mb. The scanned copy/photo must be in color and all the information on it should be clearly visible.

    ForexEE has the right to require additional documents for the verification procedure with or without further explanation to the client.

  9. 5. I uploaded documents a long time ago but the account is still not verified. Why?

  10. To check your verification status:

    1. Select Settings → Verification in the Client Portal.

    2. Check the status of your documents:

      • Pending: Your request is in process. Verification process normally takes up to 48 hours on business days.
      • Approved: Your documents were checked and accepted. If your account is still not verified, please send an e-mail to the Customer Support at support@forex.ee.
      • Rejected: Your documents were checked but not accepted. The reason is explained in the Comment field. Follow the Administrator's comment and resubmit the documents.

  11. 6. My document was rejected with the comment "Better quality is required". How to improve the quality?

  12. Scan or take a photo of your documents one more time. The file size must not exceed 20 Mb. The image must be in color and all the information on it must be clearly readable.

  13. 7. I have no bank statement. The utility bill has the name of an apartment owner or relative.

  14. We may accept utility bills that bear the name of an apartment owner or relative, BUT the address in the utility bill must be the same as the one you indicated in the registration form when opening your Main account.

  15. 8. How to make the verification process faster?

  16. As a rule, verification process is completed within 48 hours on business days. But with an increased number of verification requests from our clients, this process may take longer (3-5 business days).

    Important: The time required to review your documents and verify the Main account may increase if you have to re-submit your documents (because the documents were rejected by ForexEE or you were asked you to submit additional documents). If you need faster verification, please send an e-mail to the Customer Support at support@forex.ee.

  18. 9. I do not have a scanner. What should I do?

  19. You can use a phone camera to take a photo of your documents. Please note that we do not accept Xerox copies or scans of xerox copies.

  20. 10. All my documents come to a P.O. Box. Can I use it for verification?

  21. We do not accept documents with a P.O. box number as a valid proof of address. Upload a Utility bill (not Cell phone bill) or a Bank statement with your current home address. Only residents of The Arabian Peninsula Countries and Kenya can upload proof of address with a P.O. Box. But anyway, you need to type in your full address during the registration or send it via e-mail to the Customer Support at support@forex.ee.

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