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%
XM information and reviews
XM
82%

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

Trading styles

Like every other trader, whether you are a novice trader or talented expert in the field of trading forex, you come with your own unique trading style. No two traders are alike...

Beginner's Guide to Forex Trading with FXTM

If you're new to the world of forex trading and looking to embark on your trading journey, you've come to the right place. Forex trading can seem complex at first, but with the right guidance...

Top6 Benefits of Forex Trading

Forex trading, also referred to as foreign exchange, is the process of exchanging currencies to potentially make a profit, usually for trading purposes...

What are some advantages of CFD trading?

Contract-for-difference (CFD) trading is a popular alternative to traditional investment. Over the past decade, its popularity has increased considerably while the specific features offered...

IronFX: Leverage in Forex. Complete Guide

Leverage is simply borrowed funds that traders use to trade. In other words, it refers to the ability that traders have when opening an account with a forex broker...

Is Forex essentially gambling?

An issue for many new market entrants is the following: Is Forex essentially gambling? Each decision we make in our daily lives can be considered as a risk we take to succeed or progress in something...

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...

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...

How to Trade During the US Presidential Election?

Unless you've been hiding under a rock for the past year, you've probably heard, read, or participated in some heated discussions about the US presidential race...

Ultimate guide to trading Cardano for beginners

Cardano has been making waves in the crypto markets since its cryptocurrency, ADA, moved into the top ten largest crypto assets by market capitalisation...

A Guide to Interest Rates and How It Affects the Economy

A central bank’s mission is generally to keep the economy humming along – that means not too hot, not too cold, but just right. When the economy starts accelerating...

The Worst Mistakes to Avoid When Trading Forex

When someone tells you that trading Forex is easy and you can make tons of money with a few flicks of a finger, know that he is either a fool or a charlatan. Before...

Top Forex Trading Tips For Beginners

Want to know the best trading tips today to use to your advantage in the Forex market? This article will break down good trading tips you should consider using...

How to Trade Online with AvaTrade?

If you are just starting out in the world of online trading, it may feel a bit daunting, But have no fear as AvaTrade are here to support you every step of the way. With us, you will learn...

3 Not-so-hot Tips for New Traders From

A new wave of investors, or collectively known as “Generation Investors”, has spurred into the stock market during the pandemic. Research conducted by the FINRA Investor...

Guide to EOS trading for beginners

EOS appeared on the crypto scene with a record-breaking ICO that raised over $4 billion dollars for the development of the blockchain venture...

Guide to Copy Trading: How to Replicate Trades

Copy trading presents the opportunity to mirror the trades executed by other experienced traders in real-time. The concept is to identify a trader with a proven track record...

Dogecoin vs. Bitcoin: Which one is the Better Investment?

Dogecoin and Bitcoin are two well-known crypto assets. However, some traders may not know how to compare Dogecoin vs. Bitcoin, so knowing some of the significant similarities and differences...

LegacyFX: Commodity trading benefits

CFD Trading is a derivative financial instrument, and it is an abbreviation for "Contract for Difference". CFDs are of interest to traders who want to boost the amount and quality of their...

What is Spread, and Are You Better Without It?

Spread is a central element in Forex trading. Traders are keen to know and ask a lot of questions about it. While spread exists in various sectors of the financial market...

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%
FXNovus information and reviews
FXNovus
75%

© 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.