Is it necessary to verify an account? Andrew Ch. February 09, 2022 19:53 Updated Yes, it is necessary to verify your account to be able to trade. However, to create a Demo Account, you are only required to verify your mobile phone number. Related articles Is a bonus program available for the new account types? How can I upload the document again after it was rejected? What information do I need when I register? How to reset any of my passwords in a few easy steps: