How to verify my forex royale account

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By Van Nguyen

Verifying your Forex Royale account is an important step to ensure you can safely deposit, trade, and withdraw funds from your account. A verified account shows you are a real person and helps prevent issues when transferring money between your trading account and bank account. In Naototnhat blog post, we will look at why you should verify your Forex Royale account, the step-by-step process to verify, how long verification takes, and what can happen if you don’t verify.

Why Verify My Forex Royale Account

There are a few key reasons why verifying your Forex Royale trading account is important:

Security and Anti-Fraud Protection

  • Verification helps confirm your identity and ensures there is a real person behind the account. This prevents fraudsters from opening accounts under fake names.
  • It adds an extra layer of account security by requiring documentation to prove who you say you are.
  • Verifying links you as an accountable person to the account and all trading activities associated with it.

Requirement for Deposits and Withdrawals

  • Most brokers require ID verification before you can deposit real money or withdraw profits.
  • This complies with Anti-Money Laundering (AML) regulations and prevents financial crimes.
  • Without completing verification, your ability to fund your account and access your money is limited.

Increased Account Limits and Access

  • Passing verification can allow for higher account trading limits and size.
  • It also unlocks additional account features you may not have access to otherwise.

So in summary, verifying your Forex Royale account protects against fraud, permits funding and withdrawals, and enables higher account limits.

How to Verify My Forex Royale Account

Verifying a Forex Royale account involves submitting personal identification documents to prove who you are. Here is the step-by-step process:

Step 1: Gather Required Verification Documents

You will need to provide:

  • Government-issued ID – This will usually be a passport or driver’s license with photo.
  • Proof of Address – Such as a utility bill or bank statement displaying your name and address.
How - to - transfer -money --from-- forex-royale
How to transfer money from forex royale to bank account

Make sure documents are valid and in clear resolution.

Step 2: Access the Verification Page in Your Account

  • Log into your Forex Royale trading account.
  • Go to Settings > Account > Verification.
  • This is where you can start your verification application.

Step 3: Enter Your Personal Details

  • Fill out your personal information like legal name, DOB, address etc.
  • Make sure all details match your verification documents.

Step 4: Upload Photos of Your ID Documents

  • Take clear photos or scans of your chosen ID and proof of address.
  • Upload the images to your verification request as prompted.

Step 5: Submit Your Application

  • Review all entered personal information.
  • Accept any declaration statements acknowledging everything is truthful.
  • Hit submit and your verification request will be processed.

The time for verification processing varies but is usually within 5 days. You will receive status updates on your account dashboard.

How to Transfer Money from Forex Royale to Bank Account

Once your Forex Royale account is verified, you can deposit real money to trade with and later withdraw your profits. Here’s how to transfer funds from Forex Royale into your personal bank account:

Step 1: Access the Withdrawals Page

Go to Settings > Account > Withdraw Funds in your verified Forex Royale account. This is where you can initiate transfers.

Step 2: Choose Your Withdrawal Method

Select to withdraw to either bank wire transfer or e-wallet services like PayPal.

Step 3: Enter the Amount You Want to Withdraw

Specify how much money you want to transfer out from your Forex Royale balance. Note there may be minimum/maximum limits.

Step 4: Confirm the Withdrawal Request Details

Check all recipient bank details or e-wallet addresses are correct before submitting the request.

Step 5: Wait for the Withdrawal to be Processed

Processing duration varies by payment method – bank wires take longer than e-wallet transfers.

You will see withdrawal status updates directly in your account dashboard when sent, pending or completed.

How Long Does Forex Take to Verify?

Most Forex brokers will verify accounts within 5 business days or fewer. However, it can vary depending on:

  • How quickly you provide clear required ID documentation.
  • If there are any issues authenticating your identity. Additional information may be requested.
  • Increased security or compliance checks – such as detecting duplicate accounts.
  • Peak periods may have some delays in verification queues being processed.

To expedite verification, ensure you have submitted all forms correctly the first time. Contact broker support if your application has been pending approval longer than 5 business days.

Why Not Verify My Forex Royale Account?

While running an unverified Forex account is possible for a while, lack of ID verification eventually becomes very limiting. Risks of not verifying include:

Unable to Deposit or Withdraw Funds

Without account verification, options to transfer money between the broker and your bank account are restricted or blocked entirely as a fraud prevention measure.

Reduced Trading Limits

Trading sizes per position will be constrained to very small volumes in unverified accounts, hampering profit potential. Verification lifts limits.

Temporary Accounts Can be Suspended

If verification is still pending after a grace period, accounts may be temporarily frozen with assets and trades put “on-hold” until documents are provided.

Fees for Unverified Long-term Use

Some brokers start charging monthly inactivity or service fees if accounts remain unverified after a number of months.

Forfeit Winnings from Closed Accounts

Failure to verify despite repeat requests can result in an account being permanently closed with any remaining balance forfeited.

So unless you plan to trade micro volumes you don’t mind abandoning one day, account verification should not be postponed indefinitely.

Completing ID and address verification is key for proving account ownership, allowing money transfers, maximizing trading potential, and meeting regulatory compliance. While frustrating, this one-time process eliminates huge headaches down the road if you become profitable and want to access those withdrawal-able earnings. Follow the simple documentation steps outlined above and you can expect your Forex Royale account to be fully verified typically within 5 business days or less.