Racepotion verification isn’t mandatory, but traders can complete it in under 7 minutes to withdraw profits. Traders can validate their trading account using a Passport, Driver’s license, or ID card.
Raceoption KYC Verification Process
After completing Raceoption registration, you need to verify your account to withdraw profits.
Raceoption verification process overview:
- Navigate to Raceoption broker settings and choose the verification option
- Enter personal information
- Choose and Upload Your Verification Document
- Upload a verification selfie with your ID card
Before beginning this process, let's review the required documents and information.
Verification Requirement | Yes/No |
Full Name | Yes |
Country of Residence | No |
Date of Birth Entry | Yes |
Phone Number Entry | Yes |
Residential Address Details | No |
Phone Number Verification | No |
Document Issuing Country | No |
ID Card (for POI) | Yes |
Driver’s License (for POI) | Yes |
Passport (for POI) | Yes |
Residence Permit (for POI or POA) | No |
Utility Bill (for POA) | No |
Bank Statement (for POA) | No |
2-Factor Authentication | No |
Biometric Face Scan | Yes |
Financial Status Questionnaire | No |
Trading Knowledge Questionnaire | No |
Restricted Countries | Yes |
#1 Navigate to Raceoption Settings
To start the authentication process, click on your avatar and go to settings.
In this section, you will see the “verification” option.
Next, click on the Start Verification button.
#2 Enter Personal Information
In this step, you need to enter your mobile phone number and date of birth. After entering these details, click on the “Continue” button.
#3 Choose and Upload Your Verification Document
Select the type of document you wish to upload. Raceoption accepts passport, ID card, or driver's license.
After selecting the document type, click on the “Continue” button. On the following page, upload your document's front and back images.
Ensure each image is a maximum of 1 MB and in PDF, PNG, or JPG format. After uploading document's front and back images, click on the Continue button.
Make sure the document is fully visible, and all parts are within the image frame.
#4 Upload A Verification Selfie with Your ID Card
On the next page, upload a selfie of yourself holding ID card next to your face. After uploading the selfie with ID card, click on the “Continue” button.
Once done, your documents will be successfully uploaded, and you’ll wait for approval. The broker claims that the verification process may take up to 60 minutes.
Your identity verification will be successfully completed in about 24 hours, and you can start using all parts of the site.
Raceoption KYC Process and Requirements vs Other Brokers
The table below compares the required information and documents during the KYC process in Raceoption and other famous brokers.
Verification Requirement | Raceoption Broker | |||
Full Name | Yes | No | Yes | Yes |
Country of Residence | No | No | Yes | Yes |
Date of Birth Entry | Yes | No | Yes | Yes |
Phone Number Entry | Yes | No | Yes | No |
Residential Address Details | No | No | No | Yes |
Phone Number Verification | No | No | No | No |
Document Issuing Country | No | Yes | Yes | No |
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) | No | Yes | Yes | Yes |
Utility Bill (for POA) | No | No | No | No |
Bank Statement (for POA) | No | No | No | No |
2-Factor Authentication | No | No | No | No |
Biometric Face Scan | Yes | Yes | Yes | No |
Financial Status Questionnaire | No | No | No | No |
Trading Knowledge Questionnaire | No | No | No | No |
Restricted Countries | Yes | Yes | Yes | Yes |
TF Expert Suggestion
Completing the Raceoption verification process in 4 steps allows you to submit withdrawal requests using Raceoption deposit and withdrawal methods.
Now that your account is set up, we recommend familiarizing yourself with the RaceOption tutorial page.
