How To Verify Your Deriv Account

How To Verify Your Deriv Account
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You can trade and withdraw on Deriv without verifying your account but you will face some limitations. This guide will show you how to easily verify your Deriv trading account so that you can have access to all features.

For proof of legal existence, you can upload any of the following documents:

  • A valid ID, Drivers Licence or Passport (not expired). The document should clearly show your name and date of birth and photo. If the document you use has details both on the front and back then you should upload both sides.

For proof of residence, you can upload any of the following documents to verify your Deriv account:

  • A utility bill (e.g. electricity, water, gas, phone, internet) or bank statement has been issued in the last 6 months. The document should show your name and address.
  • Latest bank statement or any government-issued letter which contains your name and address
  • A lease agreement showing your name and the name and contact details of your landlord
  • If you do not have any proof of residence you can approach a commissioner of oaths and get a stamped affidavit. This is a simple and convenient way to get legit proof of residence.

Where Do I Upload My Deriv Verification Documents?

How To Verify Your Deriv AccountYou will need to log in to your Deriv account and click on the account settings tab. Look for the account verification tab and click on the document you want to upload to verify your Deriv trading account.

Do not be tempted to use forged documents. Deriv has templates of legit documents and their computers can easily pick out forged documents. When they do, you risk having your account closed.

Before uploading your documents, please ensure that your personal details are updated to match your proof of identity. This will help to avoid delays during the verification process. Only JPG, JPEG, GIF, PNG and PDF formats are accepted.

Frequently Asked Questions on Deriv Account Verification

Do I need to verify my Deriv trading account?

Not necessarily. You do not need to verify your Deriv account unless prompted. If your account requires verification, Deriv will contact you via email to initiate the process and provide you with clear instructions on how to submit your documents. You can trade forex, synthetic indices and cryptocurrencies and withdraw up to US$10 000 before you are asked to verify your account.

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However, you will have limited access to some account functions with an unverified trading account. For example, you cannot become a payment agent or Deriv affiliate partner You will also not be able to use DP2P.

How Long Does It Take To Verify Your Deriv Trading Account?

It typically takes 1-3 business days for Deriv to review your documents and they will inform you of the result via email once it’s done.

Can My Documents be Declined When I try To verify my Deriv Account?

Yes, Deriv may decline your documents if they are insufficiently clear, invalid, expired, or have cropped edges.

Can I withdraw from Deriv without verifying my account?

Yes, you can withdraw up to US$10 000

Do you have any questions on how to verify your Deriv trading account? Ask them below in the comments and we will respond.

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