Key takeaways
- MetaQuotes uses SumSub to verify the authorised signatory and the UBO.
- Minority shareholders do not need to complete it.
- Names, dates of birth and addresses must match the corporate documents.
- Use a valid passport and a recent proof of address; avoid glare and cropped images.
Who needs to verify
After you submit your application, MetaQuotes sends a SumSub verification link. The authorised signatory of the company and the ultimate beneficial owner (UBO) complete it. If one person holds both roles, they verify once. Minority shareholders are not required to verify.
What the verification involves
- Identity document: usually a passport, photographed clearly with all four corners visible.
- Liveness check: a short selfie video or photo sequence in the browser or app.
- Proof of address: a recent utility bill or bank statement in the person's name, where requested.
- Questionnaire items, such as role in the company and ownership percentage.
Why verification fails
- Name spelled differently from the registers or incumbency certificate.
- Expired passport or a proof of address older than three months.
- Poor images: glare, blur or cropped corners.
- The UBO in SumSub is not the UBO shown in the ownership documents.
How to prepare
Before submitting, compare every personal detail in the corporate documents with the passport. Make sure the right people are ready to verify within a day or two of receiving the link. We brief signatories and UBOs as part of our MT5 licence support.
Frequently asked questions
Does every shareholder need SumSub?
No. The authorised signatory and the UBO complete it; minority shareholders do not.
How long does SumSub take?
The check itself takes minutes; review time depends on SumSub and MetaQuotes.