Verification is the process of confirming your identity and payment method (such as bank cards). It is a mandatory requirement set by financial regulators and payment service providers, followed by all trading platforms. At Stockity, we ask every trader to complete verification at some stage. Once verification is requested, withdrawals will be temporarily paused until your identity is verified. Fortunately, the verification process typically takes less than 10 minutes.
In addition to being a legal obligation, verification helps to protect your funds. If your account is compromised, verified users will have a chance to get their funds back.
Please be aware that verification can only be completed after we’ve sent you a request, which is usually triggered during the withdrawal process. This procedure is automatic for your convenience.
For detailed information about verification, refer to paragraphs 4 and 5 of the Client Agreement.