How do I verify a trader before paying them?
Quick answer
Verify identity with a KYC provider (document and liveness check), screen the person against sanctions lists, confirm the name matches the payment destination, check the account for rule breaches and prohibited strategies, and confirm the trader agreed to your terms. Keep a record of each check.
Detailed answer
General information, not legal, tax or regulatory advice. Rules differ by country and change over time; confirm your position with a qualified professional before acting on it.
A verification checklist:
- Identity: document plus selfie or liveness check.
- Sanctions and watch lists.
- Country: not in your restricted list.
- Payment destination in the verified name.
- One person, one identity: check for duplicates across accounts.
- Account review: rules respected, no prohibited behaviour.
- Record: store results and decisions.
PropExecutor keeps each trader as a record with a name and email, which you can match to your KYC result. A trader record can hold several accounts, so when you review a payout you can see every account assigned to that person. This is general information, not legal advice.
Speed matters
Verify early, ideally when a trader passes, so the first payout is not delayed by identity checks. Delays at the first payout are remembered and talked about.
Keep it consistent
Apply the same checklist to every trader, and record who approved each payout.
PropExecutor team · Updated
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