HFM information and reviews
HFM
96%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FBS information and reviews
FBS
88%
Vantage information and reviews
Vantage
85%
MultiBank Group information and reviews
MultiBank Group
84%

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!


RELATED

Scalping: 3 Forex Trading Styles to Try

Just as a soldier doesn't willingly run into battle unarmed, a successful trader shouldn't enter the market without a strategy. Trading is not a game of chance - if you open...

High-Frequency Trading (HFT) - Overview, Advantages, Risks

Everyone who is interested in financial markets, of course, knows about the existence of different trading methods. Some of them are quite popular, while not much is known about others...

MetaTrader 4 vs MetaTrader 5

The MT4 and MT5 platforms are two of the world’s leading trading platforms, used by a majority of traders worldwide. Released by MetaQuotes in 2005, MetaTrader 4 has gone on to gain widespread popularity...

How to make money on Forex

Are you eager to make some profits on Forex? Get ready for some valuable insights. Ready for your Forex journey?

What Are Swaps In Trading, And What Are They Used For?

Swaps help all market participants to enter into contracts that will be profitable in a particular situation. They reduce the risk of market transactions and can increase potential profits...

Choosing a trading instrument: how to trade stocks and CFDs on stocks

We continue our series of articles on choosing a trading instrument. This time you will learn what CFDs on stocks are, how to trade them and how such...

How to Become a Professional Trader?

After learning more about the world of trading and getting real money from your trades, you might start thinking about becoming a professional trader. But what makes a professional trader?

The Crucial Role of Demo Accounts in the World of Trading

In the dynamic universe of trading, demo accounts stand as an invaluable tool, guiding traders through the vast complexities of financial markets and honing their trading proficiencies...

Mastering Gold CFD Trading: Your Comprehensive Guide

Few assets hold the allure of gold. It serves various roles – a hedge against inflation, economic fragility, or a counter to the US dollar's influence. Regardless of its driving force...

Demo Account: Why It's Needed and How to Open It

A demo account in online trading is a tool that allows beginner traders to gain experience in financial markets without risking their real money. It is a type of account that mimics the trading conditions...

What is spread in Forex?

Spread is one of the main conditions for trading and investing in Forex. You should know what Forex spread is if you want to trade in the foreign exchange market...

Five Types of Stocks to Trade

Stock markets cater to a wide range of investing styles. Both traders and long-term investors have access to various types of stocks, based on their investing horizon or risk appetite...

How to Become a Professional Trader?

After learning more about the world of trading and getting real money from your trades, you might start thinking about becoming a professional trader. But what makes a professional trader?

Is it Easy to Learn Forex? A Comprehensive Guide to Mastering Forex Trading

Forex trading is a popular and potentially lucrative way to earn both active and passive income. However, it's essential to understand that learning forex is an ongoing process that doesn't depend on whether...

Forex: perfect source of first income for the youth

In today’s fast-paced digital world, young people seek new avenues to earn income and gain financial independence. Among the options available, Forex trading stands...

Understanding CFD Trading in Forex and Other Markets

Contracts for Differences (CFDs) stand out as intriguing financial instruments, offering traders the ability to capitalize on price fluctuations without actually owning the underlying assets...

Unlocking the Secrets of Forex Candlestick Patterns

Forex candlestick patterns are the heartbeat of technical analysis in the foreign exchange market. These patterns visually represent price movements, offering traders a unique lens to analyze and forecast future price actions...

How to trade Forex: fundamental insights

The world of trading is diverse. There is a multitude of assets for investments: you can start trading commodities and try your chances with CFDs, or you can...

Unlocking Potential: A Comprehensive Exploration into Day Trading

In the fluid and ever-evolving universe of finance, day trading has surfaced as a pivotal activity for individuals desiring to traverse the bustling waves of the stock market...

Exciting Benefits of Trading Forex

Forex trading is the exchange of one currency for another to generate profits. If you’re reading this, you probably know that and are now looking to choose between the existing options like stock...

XM information and reviews
XM
82%
FP Markets information and reviews
FP Markets
81%
FXTM information and reviews
FXTM
80%
AMarkets information and reviews
AMarkets
79%
Octa information and reviews
Octa
79%
BlackBull information and reviews
BlackBull
78%

© 2006-2024 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.