Opening an account in training for its brokerage platform is always the most critical step. There are a number of things that we must look into before opening an account on the brokerage platform. While opening an account, a lot of information is required that can help to make the opening process simpler. Different brokerage platforms have different checklists for these requirements. Arbitrage Genius Is one such brokerage platform that offers a very seamless account opening process. With a minimal set of documents that are required for the account opening, it becomes very easy for the traders to get started with it, as per the Arbitrage Genius review
This article focuses on the list of the documents that you must be having with yourself before going hand and opening an account with any brokerage platform.
Why is it that the documents are important?
Authentication of the brokerage account opened by you is very critical in order to ensure that there are no scams being taking place. With the growing cyber security concerns, it becomes very important to ensure that you are a step ahead in protecting yourself. Moreover, as the financial data are concerned, in this it is very important to ensure that the documentation has been done properly.
The complexity of cyber crimes is increasing with time. With user-generated data as one of the primary sources of the cyber attack, Arbitrage Genius ensures to keep track of the traders on their platform
What are the documents which need to be submitted?
The list of documents varies based on the brokerage platform that is being used. Most of the brokerage platforms have similarities in terms of the documentation that needs to produce, Arbitrage Genius has kept it even lesser:
- Address proof is required while opening an account with this brokerage platform. It can either be a bank statement in your name or can either be and utility bill.
- The next document which is required is the national government ID provided to you. It is to be noted that the name that is present on the government ID is the same name that is used for opening the brokerage account.
- If you are a foreign national who is opening a brokerage account, then you have to provide a copy of your passport. It is often kept as a security in case of any emergency
- A declaration form needs to be signed up wherein you clearly mentioned that you are being a partner of this brokerage platform voluntarily
- Details of your bank account need to be shared along with the credit or debit card. Details were in your credit or debit card number along with the name and expiry date have to be mentioned.
Bottom line
Overall, when we compare it with the rest of the brokerage platforms that are available, the list of requirements is very less for Arbitrage Genius. This makes the account opening process very simplified, which ensures that you stay on top of the game in the forex market.
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