Question: Why does FX brokers need my identification information and documents?
Online FX & CFD brokers utilize a variety of systems to confirm the identity of their clients, if they are unable to verify the client’s identity, they would request more information in order to complete the verification process.
These steps are taken in order to protect clients from potential fraud and also the common requirements by regulatory authorities.
You may send any documents to support team of your broker, this way they can process your request or transaction quickly and efficiently.