Can I Withdraw Money From Olymp Trade Without Verification?

Can I withdraw money from Olymp Trade without verification?

Nice question.

But before we answer, let’s look at the verification process.

Let’s find out what is required for Olymp Trade verification and why it is very important that all clients verify their accounts.

What is verification in Olymp Trade?

Verification in Olymp Trade implies establishing the truth about who a trader says he is; confirming the accuracy of the documents provided by the trader, and/or confirming the validity of those said documents.

While verification may not seem necessary when you first create an account on any trading platform, sooner it becomes a necessity to transact on the trading platform.

Also, verification helps the broker comply with Know Your Customer (KYC) and Anti-money laundering (AML) procedures.

At Olymp Trade, when it comes to the time to verify your account you will be asked to:

• Confirm your email address
• Confirm the phone number
• Use two-factor authentication.
• Provide a colored photo of your National ID or passport.
• A photo of you holding your National ID or passport.
• Proof of residency – you can use utility bills or bank statements with your address or even a tax receipt.
• Proof of funds origin. Just screenshot a transaction of the method you have been using to fund your account and send it to Olymp Trade.

Can I Withdraw Money From Olymp Trade Without Verification.

The answer is relative.

It depends on when you created your account. Your trading volume. How much you want to withdraw among other factors.

Has Olymp Trade asked you to verify your account before transacting?

Then you don’t have a choice. Please do it.

Before you are asked to verify your account though, you can withdraw as many small amounts as the system can possibly allow without getting flagged down.

The trick here is to undergo these three processes first then do the rest later.

• Confirm your email address.
• Confirm the phone number.
• Use two-factor authentication.

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