A Taurex account must be fully verified before all trading functions are activated and deposits can be made. Completing this process is mandatory for multiple important reasons:
Security: Account security is a key reason the verification process is essential. No one would feel secure if others could use their identity or funds to make trades, commit fraud, or engage in identity theft. By ensuring that only the account holder has access and can make trades, we offer financial security and agency to our traders.
Financial Regulations: To remain compliant and regulated, Taurex is required to conduct a strict verification process. We are regulated by numerous financial regulatory bodies worldwide, and adhering to their standards allows us to operate legally. These regulations provide our traders with peace of mind that Taurex is a legitimate operation dedicated to protecting and facilitating its traders.
Improved Service: Accurate data is essential for understanding our traders' needs and improving services. For example, if many traders begin registering from a certain region, we can identify this from the registration data and enhance our support teams by providing new languages or offering payment systems specific to that region. This is made possible only through the accurate data provided by the account verification process.