KYC for Brokers

Onboard more traders, globally

Welcome more clients with KYC/AML software for trading that helps you comply with regulations, safeguard reputation with payment partners and steer clear of fraud

Get a free demoGet a free demo
Onboard more traders, globally

Get more customers

Don’t lose applicants because of long wait times

Stay compliant

–°omply with regulatory authorities (FCA, CySEC etc.)

Scale globally

Enter new markets around the world, from Indonesia to Nigeria

KYC compliance for trading and investment

DMA/CFD brokerage companies

Investment funds & marketplaces

Meet your regulator’s requirements

Verify IDs and proof of address, request source of funds for risky clients via questionnaires, and perform ongoing AML screening against 1000+ global watchlists, 100+sanctions lists, PEPs lists, and adverse media. Our in-house legal team will help you ensure full compliance

Meet your regulator’s requirements

Get more users at less cost

Get clients verified in less than a minute thanks to automated user verification flows. Our clients have been able to eliminate human error and reduce the cost of KYC/AML by 40%

Get more users at less cost

Go global with highest pass rates

Reach maximum pass rates for clients through the globe, including LATAM, South Asia and Africa. Any region, any scale‚ÄĒour legal experts will show you how to verify clients fast and properly

Check pass rates

Steer clear of fraud

Identify even the most sophisticated frauds with AI-based algorithms. Screen users against 1m+ known fraudsters, perform liveness checks or video interviews and prevent chargebacks by checking payment methods before transactions are made

Steer clear of fraud

Balance compliance and conversion

Mix and match checks, set up triggers and create levels based on risk profiles to build highly effective user flows. Customize the design and texts of each step as well

Balance compliance and conversion
Balance compliance and conversion

Easy integration that can take just 1 hour

Integrate the services you need via our Web and Mobile SDK (or RESTful API) without worrying about interruptions with 99.996% uptime

iOS
Android
Flutter
Cordova
React

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

Maria Fedorova

Maria Fedorova

COO at Exness
quote
quote

Sumsub's clear competence in this area has completed our existing compliance routines very well. They have been able to customise KYC document screening to fit our specific flows and needs. With Sumsub, we slashed compliance costs by half.

title

See Sumsub in action

Getting started is really easy!
Hop into a short demo call with our experts and start verifying traders in the next 24 hours. Ready to chat?

Phone

By clicking the button you agree with our Privacy notice

FAQ

  • What is required of a broker-dealers AML program?

    Companies from the trade finance sphere are often subject to AML regulations in order to combat financial crimes. The list of such companies may include wealthtech and investment funds, DMA/CFD brokerage companies, crowdfunding and investment marketplaces. Their AML compliance programs usually include know your customer (KYC) procedures and CDD procedures. The standard KYC for broker dealers includes ID and proof of address verification, AML screening and ongoing monitoring, as well as source of funds verification for risky clients.

  • What is KYC in forex?

    KYC stands for Know Your Customer. It means verification of client identities during onboarding. Under Anti-Money Laundering (AML) obligations, trading companies must conduct KYC to ensure that their customers are trusted individuals. To conduct verification fast and properly, such companies often use specialized KYC solutions for forex brokers.

  • How are forex brokers regulated?

    To comply with AML/CTF regulations, forex platforms need to enact policies and procedures that combat all forms of financial crime. The AML process for forex brokers includes setting up adequate internal systems for spotting suspicious activities and reporting them to authorities. In addition, robust Customer Due Diligence (CDD) and Know Your Customer (KYC) procedures should be applied to verify customers and take precautions against money laundering and terrorist financing risks.

  • Who regulates FX?

    As FX trading is a global activity, there isn’t one set of regulations that applies to all forex platforms. Instead, there are multiple types of regulations, which vary depending on the jurisdiction where forex platforms operate. So, KYC/AML requirements for forex platforms depend on the regulatory body in each particular country, e.g. FCA in the UK or CySEC in Cyprus.