AAFX verification is a mandatory 4-step process that enables users to access deposits and withdrawals. The process requires identity and residency authentication and allows traders to choose their account type (Fixed, ECN, or VIP).
Document approval time is not specified by the broker and should be monitored in the dashboard.
AAFX KYC Overview
After AAFX registration, account verification in the AAFX Forex broker is required to enable trading, deposits, and withdrawals.
AAFX broker verification steps:
- Access the "Verification" section;
- Submit a proof of identity (POI) document;
- Set up a trading account;
- Upload a proof of address (POA).
Ensure you have all the required information listed below before beginning the account verification process.
#1 Accessing the "Verification" Section
To start the KYC process, log into the AAFX dashboard and click on "My Documents".
Verification Requirement | Yes/No |
Full Name | No |
Country of Residence | No |
Date of Birth Entry | No |
Phone Number Entry | No |
Residential Address Details | No |
Phone Number Verification | No |
Document Issuing Country | Yes |
ID Card (for POI) | Yes |
Driver’s License (for POI) | Yes |
Passport (for POI) | Yes |
Residence Permit (for POI or POA) | Yes |
Utility Bill (for POA) | Yes |
Bank Statement (for POA) | Yes |
2-Factor Authentication | No |
Biometric Face Scan | No |
Financial Status Questionnaire | No |
Trading Knowledge Questionnaire | No |
Restricted Countries | Yes |
#2 Submitting an Identity Verification Document
Choose an identity document such as a national ID, passport, or driver’s license. Upload front and back images of the document.
#3 Setting Up a Trading Account
Select a trading platform, account type, currency, and leverage according to preferences.
#4 Uploading a Residency Verification Document
Upload a bank statement or utility bill issued within the last 3 months to verify residency.
After submitting all documents, check the verification status in the "My Documents" section.
AAFX Registration in Comparison to Other Brokers
The table below outlines the differences in the account opening process of AAFX and 3 other Forex brokers.
Verification Requirement | AAFX Broker | |||
Full Name | No | Yes | No | No |
Country of Residence | No | Yes | No | No |
Date of Birth Entry | No | Yes | No | No |
Phone Number Entry | No | No | No | No |
Residential Address Details | No | Yes | No | No |
Phone Number Verification | No | No | No | No |
Document Issuing Country | Yes | No | Yes | Yes |
ID Card (for POI) | Yes | Yes | Yes | Yes |
Driver’s License (for POI) | Yes | Yes | Yes | Yes |
Passport (for POI) | Yes | Yes | Yes | Yes |
Residence Permit (for POI or POA) | Yes | Yes | Yes | Yes |
Utility Bill (for POA) | Yes | Yes | Yes | Yes |
Bank Statement (for POA) | Yes | Yes | Yes | Yes |
2-Factor Authentication | No | No | No | No |
Biometric Face Scan | No | No | Yes | No |
Financial Status Questionnaire | No | Yes | No | No |
Trading Knowledge Questionnaire | No | Yes | No | No |
Restricted Countries | Yes | Yes | Yes | Yes |
TF Expert Suggestion
The AAFX verification process takes less than 10 minutes to complete. Traders must provide Proof of Identity (ID card, passport, Driver’s license) and Proof of Address (bank statement or a utility bill) documents to become eligible for deposits and withdrawals.
Now that your account is verification is complete, explore AAFX deposit and withdrawal options on the AAFX tutorial page and start trading.
