KYC checks: what did your broker ask for, and when?

FTC Community TeamStaff93 views

Identity checks happen at sign-up, at withdrawal, or both — and the triggers vary. Knowing what to expect spares everyone the surprise.

KYC checks: what did your broker ask for, and when? — bid-ask spread diagram
The bid-ask spread on a currency pair

Share:

  • the broker and the regulator your account is under
  • the documents requested and the stage
  • how long the checks took
KYC checks: what did your broker ask for, and when? — risk-reward diagram
A risk-reward ratio of 1 to 2

The withdrawals guide explains why brokers ask for what they do.

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