KYC (Know Your Customer) is the identity-verification step every regulated broker requires before you can fund an account or withdraw. You upload proof of identity and address. It protects against fraud and money laundering, and completing it correctly is what unlocks withdrawals later.
Forex Term
KYC
The identity check a broker requires before you can trade or withdraw.
Example
A broker may ask for a passport photo and a recent utility bill to complete KYC.
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Risk
Forex and CFD trading involves significant risk of loss and is not suitable for all investors. Leverage can work against you. This content is educational and not financial advice — always do your own research.