KYC for Brokers & Forex Trading

Build global trust with secure, verified trading

Onboard genuine traders and investors in seconds while staying fully compliant with regulatory standards. Scale with top-tier fraud prevention that mitigates risk and maximizes efficiency.
Trading
Read Sumsub reviews on G2
15 secs
Average verification time
40%
Cost reduction with automated KYC/AML
95%
Reduction in user processing time
Welcome more customers faster
Reduce drop-offs, verify quickly, and personalize onboarding to engage real users fast
Stay AML/CFT compliant
Comply with global regulatory authorities (FCA, CySEC etc.)
Scale globally with ease
Reach new markets with support in 220+ countries and 40+ languages

The ultimate solution for trading and investing

Proactive verification
Verify traders fast
Protect against chargebacks
AI-powered protection
Build a custom risk system
Proactive verification on a platform tailored to you
Proactive verification on a platform tailored to you
Start fraud prevention at registration with real-time pre-scoring and anomaly detection
Flag high-risk IPs, locations, and phone data instantly, preventing fraud before verification steps
Tailor risk assessments using dynamic scoring and a custom Workflow Builder, adapting to criteria such as location and age

Let the numbers do
the talking: get 240% ROI

Сompanies that work with Sumsub identity verification software save costs and increase revenue, according to the “Total Economic Impact™ Of Sumsub’s Verification Platform study by Forrester Consulting. Let’s see what results you can get.

240%
ROI
3.21m
NPV
4.55m
Benefits PV
< 6
month payback
Scale with a unified compliance platform
Maintain ironclad compliance with global regulators
Onboard more genuine traders and investors in 15 seconds
Cut out chargeback fraud with integrated payment verification
Automate verification, so your team focus only on priority cases
Strengthen trust with users and payment partners
Simplify operations as you stop juggling multiple vendors

Don’t take our word for it. Here’s what
our clients have to say.

  • Initially, we transferred documents via API and connected liveness through the SDK. But once we fully integrated Sumsub’s SDK, the verification process accelerated several times. In addition, with the inclusion of the SDK, the number of fake documents has decreased since Sumsub does the pre-validation of documents.

    Yehor Lastenko

    Yehor Lastenko

    Head of Back Office at Capital.com

    95%

    user processing time decrease

  • Before implementing Sumsub, KYC checks used to take up a considerable amount of resources and team member hours… often with less-than-perfect results. Now, we can rest easy knowing we are fully compliant with all the latest regulations in every region in which we are active, while our clients get to enjoy faster verification times.

    Theodoros Photiou

    Theodoros Photiou

    Global Head of Compliance at Libertex

    84%

    Average pass rate

  • We can now onboard customers a lot faster because it is all happening automatically. All we have to do before approving a lead or a client, is to make sure that all of the client’s documents were given the ‘OK’ by Sumsub.

    Ahmed Khawanky

    Ahmed Khawanky

    Chief Revenue Officer at INGOT Brokers

    99%

    Less time spent on verification

  • Sumsub’s specific competence in this area complements our existing compliance routines very well. They have been able to customize KYC document screening to fit our specific flows and needs.

    Stella Christodoulou

    Stella Christodoulou

    Head of Payment Operations at Exness

    100%

    Document recognition coverage

Choosing your ideal solution?

Sumsub is G2’s Top Pick

Surpass competitors with a partner who knows how to excel, as validated by user reviews.

FAQ

  • What is KYC in trading?

    KYC, or Know Your Customer, is an essential process in the trading industry for accurately verifying a customer’s identity, their trading behavior, and assessing their risk profile. Conducting KYC helps brokers protect against fraud and prevent illicit activities, such as money laundering and terrorist financing. The KYC process is revisited periodically throughout the customer relationship to detect any changes to their profile or risk that may impact the trading business.

  • Is KYC mandatory for trading?

    Yes, KYC is mandatory for most trading and investment firms, and failure to implement it can lead to significant fines and penalties from regulatory bodies, as well as reputational damage to the broker. Some trading brokers do not require KYC depending on the region(s) in which the business is operating and typically offer a payment channel that doesn’t involve traditional banks. However, in regions like the US and the UK, the FinCEN and FCA require KYC compliance so non-KYC brokers are illegal. Non-compliance with KYC regulations not only exposes brokers to potential fraud but also illegal transactions that could harm the business.

  • What is AML in trading?

    AML, or Anti-Money Laundering, refers to the set of legal obligations that brokers in the trading industry must follow to detect and report suspicious activities, including money laundering, terrorist financing, and market manipulation. Core AML requirements for brokers include conducting KYC, performing customer due diligence, screening for sanctions, politically exposed persons (PEPs), and adverse media. Brokers must also have procedures in place to file Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SARs) to relevant authorities within mandated timelines.

  • Is forex regulated in the USA?

    Yes, forex trading is regulated in the USA by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). These regulatory bodies aim to protect investors, promote market transparency, and prevent fraud, market manipulation, and unlawful trading in futures and commodities. To be compliant, forex brokers operating in the US must be registered with the CFTC and maintain membership with the NFA to avoid fines and penalties.