BABA Option account needs to be fully verified before all trading functions are made active and deposit limits are completely lifted. The primary reasons the BABA Option account verification process is important include:
Security
As a provider of financial trading services, BABA Option is required to comply with strict Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.
Account security is an essential part of the account verification process. Verification helps mitigate the risk of someone unauthorized being able to use your identity or funds to make trades. Knowing that only the account holder has the access and ability to make trades ensures your financial security and agency are supported.
Financial Regulations
A strict verification process is required for us to remain compliant and regulated. BABA Option is regulated by financial regulatory organizations worldwide, and the standards set by these bodies must be adhered to for us to operate. Regulatory bodies provide you with the peace of mind that we are a legitimate operation that takes steps to protect and uphold our commitment to due process and the law.
Improving Service
Accurate data is essential for understanding your needs and improving services. For example, if many traders start to register from a certain region of the world, we can see this from registration data and begin to improve our support offering in that region by providing content in local languages or new payment systems available in this region. This is made possible only by the accurate data provided through the account verification process.
Client information kept by the Company is treated as confidential and will not be used for any purpose other than in connection with the provision, administration, and improvement of the Services for research, statistical, or marketing purposes.
This ensures your privacy is protected, and data will never be disclosed to third parties outside of BABA Option.
Who performs the verification of submitted documents?
Document verification is conducted by a specialized team of experts bound by Non-Disclosure Agreements (NDAs) to protect the confidentiality of your data.