7 minute read
How to Verify Exness Account in Ethiopia: A Step-by-Step Guide
from Exness
by Exness_Blog
Verifying your Exness account in Ethiopia is a straightforward process that ensures secure trading, compliance with regulations, and access to full platform features. This guide provides a clear, step-by-step process for Ethiopian traders to verify their Exness account, including required documents, tips to avoid delays, and benefits of verification.
Whether you’re a beginner or an experienced trader, completing the verification process unlocks seamless deposits, withdrawals, and trading opportunities on Exness, a globally trusted broker.
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Why Verify Your Exness Account?
Account verification is a mandatory step for Ethiopian traders to fully access Exness’ trading features. It aligns with international Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations, ensuring a secure trading environment. Verification offers several benefits:
Enhanced Security: Protects your account from unauthorized access.
Full Access to Features: Unlocks higher deposit and withdrawal limits, plus access to advanced trading tools.
Faster Transactions: Verified accounts experience quicker processing for deposits and withdrawals.
Compliance: Ensures adherence to global and local financial regulations, including Ethiopia’s Anti-Money Laundering and Terrorism Financing Proclamation No. 1176/2020.
Without verification, you may face trading restrictions, such as limited deposits or inability to withdraw funds. Let’s dive into the steps to verify your Exness account in Ethiopia.
Step-by-Step Guide to Verify Your Exness Account in Ethiopia
Step 1: Create an Exness Account
Before verification, you need an active Exness account. Follow these steps to sign up:
Visit the Exness Website: Go to Exness Homepage 👈 and click “Sign Up.”
Fill in Your Details: Provide your email address, phone number, and country (Ethiopia). Create a secure password.
Select Account Type: Choose from Standard ($10 minimum deposit), Pro, Zero, or Raw Spread accounts based on your trading style.
Confirm Registration: Verify your email and phone number via the 6-digit codes sent by Exness.
Once your account is created, log in to your Personal Area (PA) on the Exness website or mobile app to begin verification.
Step 2: Access the Verification Section
Log in to Your Personal Area: Use your credentials to access your Exness dashboard.
Navigate to Verification: Look for the “Complete Profile” or “Verify Account” option in the Profile or Settings tab.
Start the Process: Click “Verify Account” to begin submitting your documents.
Step 3: Submit Proof of Identity (POI)
Exness requires a government-issued ID to confirm your identity. Acceptable documents for Ethiopian traders include:
Passport: International passport (preferred).
National ID Card: Issued by the Ethiopian government.
Driver’s License: If it includes your full name, photo, and date of birth.
Requirements for POI:
Must be valid (not expired and valid for at least 3 months from the upload date).
Full name must match the name on your Exness account.
Clear, high-quality photo or scan showing all details (name, date of birth, ID number).
Both sides of the document if applicable (e.g., National ID).
File formats: JPG, PNG, or PDF (under 15 MB).
Tips:
Use natural lighting to avoid shadows or glare.
Ensure all four edges of the document are visible.
Avoid scanned copies; use photos taken with a mobile camera for better clarity.
Upload your POI document through the Exness portal or mobile app and click “Confirm and Proceed.”
Step 4: Submit Proof of Residence (POR)
In some cases, Exness may require proof of residence to lift deposit limits or fully verify your account. Acceptable POR documents include:
Utility Bill: Electricity, water, or internet bill (dated within the last 6 months).
Bank Statement: Must show your name and address.
Government Correspondence: Official documents from Ethiopian authorities with your name and address.
Requirements for POR:
Must be dated within the last 6 months.
Must include your full name and residential address matching your Exness account.
Clear, legible, and in color.
File formats: JPG, PNG, or PDF (under 15 MB).
Note: If you don’t have a utility bill in your name, you can request a bank letter or statement from your local bank confirming your address.
Step 5: Complete Additional Information
Exness may ask for basic details about your:
Source of Income: E.g., employment, business, or investments.
Trading Experience: Indicate your level of experience (beginner, intermediate, expert).
Industry of Profession: Select the relevant field.
Answer these questions accurately to avoid delays in the verification process.
Step 6: Submit and Await Approval
Once all documents are uploaded, Exness typically completes verification within 24 hours. You’ll receive an email confirmation once approved. If your documents are rejected, check your email for the reason (e.g., blurry image, mismatched details) and re-upload corrected documents. You can also view the rejection reason in your Personal Area under the Profile tab.
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Common Challenges and Solutions for Ethiopian Traders
Ethiopian traders may face unique challenges during verification due to local regulations and infrastructure. Here’s how to address them:
Document Rejections:
Issue: Blurry images, expired documents, or mismatched names.
Solution: Use a high-quality camera, ensure documents are valid, and double-check that your Exness account details match your ID. Contact Exness support via live chat for guidance.
Lack of Utility Bills:
Issue: Many Ethiopians may not have utility bills in their name.
Solution: Use a bank statement or request a letter from your bank confirming your address. Government-issued documents like tax certificates are also acceptable.
Foreign Exchange Restrictions:
Issue: Ethiopia’s strict foreign exchange controls may limit funding options.
Solution: Use alternative payment methods like Perfect Money, cryptocurrencies, or mobile money platforms supported by Exness. Check the “Funding” section in your Personal Area for available options.
Internet Connectivity:
Issue: Unstable internet can hinder document uploads.
Solution: Use the Exness mobile app, which supports verification and is optimized for low-bandwidth environments.
Language Barriers:
Issue: Limited Amharic support in earlier years.
Solution: Exness introduced Amharic language support in February 2025, making the platform and customer service more accessible for Ethiopian traders.
Benefits of a Verified Exness Account for Ethiopian Traders
Once verified, Ethiopian traders can enjoy:
Higher Withdrawal Limits: Access larger sums for withdrawals, ideal for active traders.
Instant Withdrawals: Crypto and Perfect Money withdrawals are processed instantly, crucial in Ethiopia’s banking landscape.
Access to All Trading Assets: Trade forex, cryptocurrencies, stocks, and commodities without restrictions.
Swap-Free Accounts: Ethiopian Muslim traders can request Islamic (swap-free) accounts.
Priority Support: Verified users get faster responses via Exness’ 24/7 customer support in 14 languages, including Amharic.
Tips for a Smooth Verification Process
Double-Check Documents: Ensure your name, date of birth, and address match across all documents and your Exness account.
Use the Mobile App: The Exness app simplifies uploads and is beginner-friendly for Ethiopians.
Contact Support: If stuck, use Exness’ live chat or submit a ticket in your Personal Area for instant help.
Stay Compliant: Ensure your documents meet Ethiopia’s KYC/AML regulations to avoid legal issues.
Test with a Demo Account: Practice trading on a demo account while awaiting verification to familiarize yourself with the platform.
Is Exness Legal in Ethiopia?
Yes, Exness is legal for Ethiopian traders. While Ethiopia’s National Bank of Ethiopia (NBE) regulates foreign exchange, there are no specific laws prohibiting trading with offshore brokers like Exness. Exness operates under global licenses from reputable authorities like the Financial Services Authority (FSA) in Seychelles, ensuring a secure trading environment.
However, traders should comply with local tax laws and be cautious of foreign exchange restrictions when funding accounts.
Why Choose Exness for Ethiopian Traders?
Exness is a top choice for Ethiopian traders in 2025 due to:
Low Minimum Deposit: Start trading with just $10 on a Standard Account.
User-Friendly Platforms: Trade via MetaTrader 4, MetaTrader 5, or the Exness mobile app with real-time pricing and advanced charting.
Fast Withdrawals: Instant withdrawals via crypto or Perfect Money suit Ethiopia’s banking challenges.
Educational Resources: Access webinars, tutorials, and demo accounts to improve trading skills.
Amharic Support: Enhanced accessibility with Amharic language options.
Conclusion
Verifying your Exness account in Ethiopia is a quick and essential step to unlock secure, flexible, and efficient trading. By submitting clear proof of identity and residence, answering basic questions, and ensuring compliance with KYC/AML regulations, you can complete the process in under 24 hours.
Despite challenges like foreign exchange restrictions or document availability, Exness’ user-friendly platform, Amharic support, and alternative payment methods make it accessible for Ethiopian traders. Follow this guide, double-check your documents, and start trading with confidence on Exness today!
💥 Trade with Exness now: Open An Account or Visit Brokers 🏆
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