KYC for Brokers & Forex Trading

Join leading trading platforms building global trust with Sumsub

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.
Read Sumsub reviews on G2
20 sec
Average verification time for lightning-fast onboarding
200M+
Individuals verified to date
14,000+
Docs supported across 220+ countries and territories
Welcome more customers faster
Reduce drop-offs, verify quickly, and personalize onboarding to engage real users fast as you tailor our platform to your needs
Stay AML/CFT compliant
Comply with global regulatory authorities (FCA, CySEC, etc.) to unlock safer growth and limit risk
Scale globally with ease
Reach honest traders and investors in new markets with support in 220+ countries and territories, in 50+ languages

The ultimate solution for trading and investing

Verify traders, with or without documents

Onboard users faster with 20-second ID checks and 60-second Proof of Address verification, while increasing conversions by up to 35% using Non-Doc Verification and global database coverage. Maintain 90%+ average verification success across all regions without compromising on compliance or fraud prevention.

    Tailored automated onboarding built for brokerages

    Instantly verify users with real-time risk scoring and device intelligence, ensuring secure and compliant access across global markets. Fast-track low-risk users so they can start trading straight away with tailored workflows that minimize friction and maximize conversions. All while maintaining full regulatory compliance and confidently managing fraud risk at scale.

      Robust security to protect investor integrity

      Detect forgeries, deepfakes, and suspicious behaviour with advanced KYC technology. Strengthen trust and security across your platform through real-time payment verification, while preventing chargebacks and multi-accounting —something both traders and payment partners will appreciate.

        AI-powered solutions for trading platform protection

        Drastically reduce manual reviews by up to 90% with AI-driven Transaction Monitoring, while screening against 11,000+ PEP, sanctions, and media sources using over 300 risk scenarios. Stay ahead of evolving threats with Sumsub’s AI-powered Fraud Network Detection, built to uncover even the most complex fraud patterns.
          Build a custom risk system
          Build a custom risk system
          Create a custom risk framework that improves conversion
          Use simple, intuitive forms to gather signed documents, verify the source of funds, and assess users’ experience with complex asset trading
          Go beyond standardized checks and collect the details that matter most to your trading platform
          Build an automated risk system based on the applicant's responses
          Make more accurate decisions with fewer risks
          Cut errors and make more informed decisions with our Case Management, with no additional set-up required
          Spend up to 90% less time on manual tasks with powerful workflows and pre-built blueprints
          Manage all cases, from alerts to reports, via one single tab for greater visibility and easier team collaboration

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

          Capital.com
          Libertex
          INGOT Brokers
          Exness
          • 95%
            user processing time decrease
            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
          • 84%
            Average pass rate
            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
          • 99%
            Less time spent on verification
            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
          • 100%
            Document recognition coverage
            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

          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
          Why Sumsub is loved by trading platforms
          Onboard more genuine traders and investors in 15 seconds
          Maintain ironclad compliance with global regulators
          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

          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.

          Grid® Report for Identity Verification

          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.