It is easy to verify your Deriv account — but only if you follow the exact requirements.
I’ve been through it. Back in 2017 when I first uploaded my documents, I got rejected twice. Not because Deriv was being unfair — I just didn’t upload what they were asking for.
In this guide, I’ll walk you through what works (and what doesn’t), how to fix common mistakes, and why it’s better to verify early — especially if you plan to withdraw profits, use DP2P, or run a Deriv bot.
🧾 What Is Deriv Account Verification — And Why It Matters
Deriv account verification is a mandatory step that helps the broker confirm your identity and address when you open a trading account.
Because forex and synthetic indices are traded 100% online, there’s a risk that someone could open an account using a fake name, stolen ID, or false address — and use it for shady stuff like money laundering or fraud.
That’s why Deriv (like all legit brokers) follows strict KYC (Know Your Customer) regulations.
KYC isn’t just a formality — it’s part of financial compliance laws that protect you, the broker, and the wider trading community.
As a regulated broker (by FSC, LFSA, and VFSC), Deriv is required by law to verify all real-money accounts. This isn’t optional.
If you’re not verified, you can deposit and trade demo — but you won’t be able to withdraw a single cent.
Verification proves you’re a real person, using your real name and address, not a fake profile or bot. And once you’re verified, you’re protected too.
✅ What You Need to Verify Your Deriv Account
You need two things:
1. Proof of Identity (POI)
Accepted:
National ID (front and back)
Passport (showing name and photo)
Driver’s license (front and back)
⚠ Make sure the name on your ID matches exactly what’s on your Deriv profile. If you signed up using Facebook or Gmail, your name might not match — better to update it before uploading.
2. Proof of Address (POA)
Accepted:
Utility bill (ZESA, Eskom, KPLC, etc.)
Bank or mobile money statement (EcoCash, M-PESA, Orange Money, etc.)
Lease/rent agreement
Council letter or stamped affidavit
📝 Must show:
Your full name
Full residential address
Date issued (within the last 6 months)
TIP: If you don’t have a bill in your name, get an affidavit from your landlord or a stamped letter from your local council. Deriv accepts these.
Never use fake documents to verify your Deriv account.
Deriv has advanced systems in place to detect fraud, and they don’t play around. If you submit forged or edited documents — even slightly — your verification will be rejected instantly.
Worse still, your account could be permanently closed, and in some cases, you could be banned from using the platform again.
I’ve personally seen people lose access to their funds because they tried to use fake utility bills or edited ID scans. It’s not worth the risk.
Stick to real, clean, and up-to-date documents. It protects you, keeps your account safe, and shows the broker you’re serious.
If your name or address isn’t clear on any document, it’s better to fix that before uploading — not to fake it.
📸 How to Upload Your Deriv Verification Documents
Login to Deriv
Go to Settings > Profile > Verification
Upload your ID
Upload your proof of address
Wait for approval (usually takes 24–48 hours)
Avoid blurry scans, cropped edges, or editing your documents. Deriv has systems that can detect that — and you risk getting blocked for good.
⏳ How long does Deriv account verification take?
Once you upload your ID and proof of address, Deriv usually reviews them within 24 to 48 hours.
Sometimes it’s faster — especially during off-peak times. But if there’s a backlog, it might take a bit longer.
✅ You’ll get an email as soon as your documents are approved or rejected. No need to keep checking — just wait for the notification.
✅ If You’re Approved
Your account status will update automatically, and you’ll unlock all Deriv features — including real trading, deposits, and withdrawals.
You can now trade without restrictions.
❌ If There’s a Problem
If your documents are rejected or flagged, Deriv will tell you exactly what went wrong and how to fix it. Usually, it’s something simple — like a blurry scan or a missing detail.
Just follow the instructions, correct the issue, and resubmit.
Patience is key here. Avoid uploading multiple versions or guessing what’s wrong — wait for their feedback and respond once.
❌ Common Reasons Deriv Account Verification Fails
Problem
What to Do
Name doesn’t match ID
Update your Deriv profile to match your ID exactly
Blurry image
Retake the photo in good light or use a scanner
Address missing
Upload a different bill or bank statement
POA too old
Use a document issued in the last 6 months
📢 Don’t keep uploading random versions. Wait for Deriv to tell you what’s wrong, fix it, then reupload once.
🧾 Can You Withdraw`From Deriv Without Verifying?
Yes — but only up to a total of $10,000.
After that, Deriv will lock your withdrawals until you complete verification.
Here’s what you can and can’t do:
Feature
Without Verification
With Verification
Withdrawals
✅ Up to $10,000
✅ Unlimited
DP2P access
❌ Not allowed
✅ Yes
Payment Agents
✅ Yes
✅ Yes
Deriv Bots
✅ Yes
✅ Yes
Affiliate program
❌ Not allowed
✅ Yes
MT5 Live
✅ Yes
✅ Yes
🧾 Do You Need a Tax Identification Number (TIN)?
Only for some regions like BVI, Vanuatu, or Labuan — mostly for MT5 accounts opened under those licenses.
If Deriv asks for your TIN and you don’t know it, check your tax documents or contact support. Don’t make one up.
For most traders in Zimbabwe, Nigeria, South Africa, Kenya, this isn’t needed.
🔒 Why You Should Verify Early
Waiting until you hit the withdrawal limit is risky — especially if you have trades running or need quick access to funds.
If you’ve been stuck trying to verify your Deriv account — don’t give up. Follow the exact steps above, avoid the common mistakes, and you’ll unlock all the features of your account.
Let us know in the comments if you faced any verification delays or errors — and how you fixed them. YOu can get more help here.
Frequently Asked Questions On Deriv Account Verification
Can I withdraw without verifying my Deriv account?
Yes, but only up to $10,000 total. After that, KYC is mandatory.
Does Deriv need Verification?
No, you can deposit and trade without verifying your account as long as you do not withdraw more than US$ 10,000. Deriv will send you an email asking you to verify if the need arises.
Can My Documents be Declined When I try To verify my Deriv Account?
Yes if the documents are unclear, invalid, expired, have cropped edges, or showed details that did not match your Deriv profile. If rejected, upload a document that meets their requirements and resubmit.
Can I use Deriv P2P without verification?
No, you will need to verify your account first before you can use DP2P
Can I change my name or address on Deriv?
Only by contacting support. You can’t change this after verifying unless you submit a support ticket.
How long does Deriv verification take?
Normally 24–48 hours. If it takes longer than 3 business days, contact support.
What documents are required for identity verification on Deriv?
Utility bills, mobile money statements, bank statements, lease agreements, affidavit – signed and stamped by the commissioner of oaths or police or council letters — must be dated within 6 months.
As a seasoned Forex trader with over a decade of experience, I have dedicated myself to mastering the intricacies of the financial markets.
Over the years, I have honed my analytical skills, staying updated with market trends, economic news, and technical indicators. This in-depth understanding has empowered me to navigate the dynamic nature of Forex trading with confidence.
Driven by my passion for trading, I have taken the initiative to share my insights and experiences with others through my engaging blog posts. Whether it's discussing effective trading strategies, exploring market psychology, or demystifying complex concepts, I aim to provide value & empower fellow traders to make informed decisions.
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