HFM information and reviews
HFM
96%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FBS information and reviews
FBS
88%
XM information and reviews
XM
86%
NordFX information and reviews
NordFX
86%

Why User Identification and Verification Are Vital for Trading


When you join FBS, or any other financial company, for that matter, you need to pass a verification process to get full access to the services. You may feel that it’s annoying and unnecessary. However, these days, with the Internet being the main place for all dealings, people are more likely than ever to become a victim of fraud. Therefore, any respectable platform needs a way to shield its clients from ill-disposed parties.

Here at FBS, we believe verification of clients is vital for safety. Let us tell you why!

Why do we need ID and card verification?

FBS follows Know Your Customer and Anti-Money Laundering regulations. These are aimed at protecting your identity from theft and the company – from facilitating fraud and money laundering. To follow these regulations, FBS requires clients to provide their proof of identity and address and verify the bank cards they use for financial operations.

Let’s start with your ID and card information. Client verification is what financial service providers use to ensure the client has given them accurate information about their identity. Why do we need this?

That is one of the major reasons we thoroughly check our clients: to protect all clients from any consequences of unlawful activity. One bad client will not ruin FBS financial services for everyone – not on our watch!

You can register using your social networks – it is 100% safe

This whole process can be annoying to some people, and we completely understand! Good thing is you can use your social networks to make it shorter – use your Facebook or Google accounts or Apple ID! Your information will be safe since websites or services you’re signing into will not get access to all the information in your social network accounts. They can only send a request to Facebook, Google, or Apple and get certain info like your name and email address. There may be some other things they request to learn about you, but the networks always ask you for your consent.Insert text ...

Why do deposits and withdrawals sometimes take a long time to process?

Usually, withdrawal time will depend on the payment system you are using. For example, while electronic systems like Skrill and Neteller usually take only 30 minutes or less to complete your transaction, a bank transfer withdrawal can take up to 7-10 business days. This time is made up of our own Financial Department’s processing time and the payment system’s time.

As stated above, there are several reasons we thoroughly check clients’ IDs and track some of their activity. Financial operations are a vital part of our work, and we do everything to make sure clients’ withdrawals are fast and convenient.

Our Financial Department carefully processes all transactions and checks for any illegal activity. For this reason, no person can use your stolen credit card to make a deposit to their account at FBS or gain access to your FBS account and withdraw funds to their own card.

We hope you found this article helpful! If you have any issues trying to complete the FBS verification process or deposits/withdrawals, don’t hesitate to contact our 24/7 support team in the Live chat or at support@fbs.eu. We are always happy to help and answer any of your questions.

Your safety is our number one priority!

#source


RELATED

Can I become a millionaire trading FOREX?

Can I become a millionaire trading FOREX? Continue reading today's article to learn more! Yes, you can, BUT... it's essential to understand what you're doing, acknowledging, of course, the risks of trading...

Popular trading myths you need to stop believing

If you are a newbie trader and you want to learn the truth about trading, one of the first things you need to have is an accurate understanding of what trading...

How to Invest in Stocks: A Beginner's Guide for Getting Started

A successful voyage of the Dutch East India Company ships brought great profits, but statistically, one sailing ship in three returned home - the others could not withstand storms and pirate raids...

What is a Share Split?

Companies may occasionally, conduct share splits, this is when the company lowers the price of its shares by splitting each existing share...

How Are Commodities Traded In Simple Terms

The lookout for how are commodities Traded is as old as the financial market itself. Perhaps commodities trading is even older than the financial market...

What Is the OTC Market?

Over-The-Counter markets are popular among investors and traders. This term is mostly associated with the trading of company shares. Yet, it's possible...

MetaTrader 4 (MT4): A Comprehensive Guide

MetaTrader 4, an offering from MetaQuotes Software Corporation, has firmly rooted itself in the world of foreign exchange trading. It has become an iconic platform...

The Strongest Currencies in the World

Have you thought about what the highest currency in the world is? Is it the US dollar, the euro, or the British Pound? No, they are not. They are the world’s most famous, most traded...

How to Trade Major Currency Pairs

The major currency pairs traded by forex traders around the world are the following: EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, AUD/USD, NZD/USD...

Which is the Best Online Trading Platform for Beginners?

If you are new to forex trading, then you must probably be looking for the best trading platform which is usually selected based on top-notch tools and resources...

Investing in the stock market as a beginner

Historically, investing in stocks has been the best way to earn, increase savings, combat inflation and make sure your money is working for you. However, the sheer price of company stocks...

Scalping: When Seconds Count

Today we will be talking about scalping as a trading approach. Scalping is characterized by very short-term trades with minor price changes and a profit of several ticks...

The Comprehensive Guide to Copy Trading

Copy trading, an innovative and adaptive strategy in the trading realm, offers participants the opportunity to emulate the trades of often more seasoned traders, all in real-time...

What is forex and how does it work?

Throughout history, we have seen the transition of trading from one form to another. From the exchange of one material to another and this hasn't stopped for a moment...

Trading Highly Liquid Currency Pairs: A Comprehensive Guide

Venture into the dynamic domain of trading fluid currency pairs. Dive deep into understanding the moments of rise and fall, uncover the forces that mold each currency...

What Is Social Trading? Differences Between Social And Copy Trading

With the emergence and powerful influence of social media, new investors and traders often look to those who boast about their win streaks and share charts that demonstrate...

Choosing a trading instrument: how to trade currency pairs

Early on the path to becoming a trader, every beginner must determine what to trade and how. This choice should be made based on the desired goals...

How to Choose the Best Forex Broker

Choosing the best forex broker to open a trading account is quite hard as there are numerous choices available online. Although competition is very high pushing brokers...

Know Your Heroes: Successful Traders of Modern Era

We bet you've heard many times that a great journey starts with a small step. What if we say that success is just a journey, not a final destination. But where you have to...

Most Important Forex Regulators in the World Today

It is important to regulate forex because the amount of money which passes through the market everyday makes it very attractive for all sorts of scammers...

Vantage information and reviews
Vantage
85%
FP Markets information and reviews
FP Markets
81%
IronFX information and reviews
IronFX
77%
T4Trade information and reviews
T4Trade
76%
Exness information and reviews
Exness
76%
Just2Trade information and reviews
Just2Trade
76%

© 2006-2025 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.