When Do I Need to Complete KYC? #
Verification is required when you pass a Funded Challenge for Challenge Accounts or reach the payout stage for Instant Funding Accounts. Completing KYC is mandatory to enable your simulated funded account or process payouts.
If you encounter any difficulties with verification, please contact our support team at support@instantfunding.io.
What Information Is Required for KYC? #
To help you prepare for verification, please ensure you have:
- Government-Issued ID: Passport, driver’s license, or permanent residence ID.
- Proof of Address: Utility bill or bank statement.
- Financial Information: Bank account details or proof of income.
- Verification Documents: A selfie holding your ID.
For successful verification, please provide valid and clearly visible documents.
Please note that verification is conducted through SumSub and must be confirmed before your funded account can be activated or payouts processed. Instant Funding does not have the authority to make final verification decisions.
What Is KYC Abuse? #
KYC abuse includes any actions that compromise the integrity of the verification process, such as:
- Submitting Fake Documents: Providing forged or false identification.
- Identity Theft: Using someone else’s identity to access services.
- Multiple Accounts: Creating accounts under different names or identities.
- Misrepresentation: Providing false information about your identity, address, or financial status.
What Happens If KYC Abuse Is Detected? #
KYC abuse may lead to:
- Immediate suspension of your account.
- Permanent bans from our services.
- Legal action, including fraud-related proceedings.
- Reporting to regulatory and law enforcement authorities.
How to Stay Compliant with KYC Requirements? #
To avoid issues and ensure compliance, follow these steps:
- Provide accurate and truthful information during the KYC process.
- Keep all submitted documents valid and up to date.
- Use one account and avoid registering under different identities.
- Notify us of any changes to your personal information so we can update our records.
- Maintain IP consistency: If your trading IP location does not match your KYC IP location, you may be asked to verify this via travel documentation.
Why Is KYC Important? #
KYC ensures compliance, security, and trust across our platform. By following KYC guidelines, traders contribute to a secure and compliant trading environment for everyone.