How Verification Works

Verification is the core of Proovly. You connect your real trading accounts, we pull your live stats, and your profile displays verified numbers that nobody can edit or fake. Here’s how it works for each asset class.

Forex verification (MT4/MT5)

1. Get your investor password

Every MT4/MT5 broker account has two passwords: a master password (for trading) and an investor password (read-only access). The investor password lets Proovly see your stats without being able to place trades, withdraw funds, or modify anything.

You get the investor password from your broker’s client area or from within MT4/MT5 itself. If you’ve never set one, most brokers generate one automatically at account creation — check your email or the broker portal.

2. Connect via MetaApi

On the Proovly onboarding screen, enter:

Your broker name (Exness, RoboForex, IC Markets, Pepperstone, etc.)
Your MT4/MT5 account login number
Your investor password
Your broker’s server name (e.g., Exness-MT5Real4)

Proovly sends these to MetaApi’s cloud infrastructure, which connects to your broker’s MT server using the investor password. MetaApi then streams your account data to our backend.

3. MetaStats pulls your numbers

Once connected, MetaApi’s MetaStats service reads:

Balance and equity (current and historical)
Profit/loss (realised and unrealised)
Drawdown (daily and maximum)
Win rate and trade count
Open and closed positions with full details
Growth curve over time

These stats populate your Proovly profile automatically. You keep trading on your own terminal — nothing changes about how you trade.

4. Sync frequency

Sync frequency depends on your tier:

Tier	Sync frequency
Verified	Once per day
Pro	Every 15 minutes
Elite	Minute-by-minute

Higher tiers get fresher data on their profile, which matters for signal sellers and leaderboard positioning.

Crypto verification (CEX)

1. Generate a read-only API key

On your exchange (Binance, Bybit, OKX, or any CCXT-supported exchange), create a new API key with read-only permissions only. Do not enable trading or withdrawal permissions — Proovly does not need them and will reject keys that have them.

2. Paste into Proovly

On the Proovly onboarding screen, select your exchange, paste your API key and secret. Proovly uses CCXT to connect and pull:

Spot and futures balances
Trade history
PnL by position
Open positions

3. What we read vs. what we don’t

We read: balances, trade history, positions, PnL. We do not read: personal info, withdrawal addresses, or deposit history. We cannot: place trades, withdraw funds, or modify any account settings.

DeFi verification

1. Paste your wallet address

Enter your Ethereum, Base, or Arbitrum wallet address on the Proovly onboarding screen. No keys, no signatures, no wallet connection required — just the public address.

2. What we read

Proovly reads on-chain data for the wallet:

Token balances across supported chains
DeFi positions (lending, liquidity providing, staking)
Transaction history relevant to trading activity
Historical portfolio value

Since all of this is public blockchain data, there’s nothing to “connect” — we just index what’s already visible to anyone.

What happens after verification

Once your accounts are connected and stats are flowing:

Your profile card shows verified stats with a badge indicating the verification method
You appear on the leaderboard ranked by your on-chain ELO
Your stats update automatically at your tier’s sync frequency
You can enable the signals marketplace to sell signals backed by your verified track record

Zero custody

Proovly never holds your funds, never has your trading password, and never has withdrawal-capable API keys. Every connection is read-only. You keep trading exactly as you always have — Proovly just watches and verifies.