Which documents are needed for trader KYC?
Quick answer
Typically a government photo ID (passport, national ID or driving licence), a selfie or liveness check, and sometimes proof of address such as a recent utility bill or bank statement. Requirements depend on your KYC provider, payment providers and jurisdiction.
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 standard set:
- Identity document: valid, government issued, with photo.
- Liveness or selfie: confirms the person is present.
- Proof of address: for some providers and higher payouts.
- Payment destination: bank account or wallet in the same name.
Also screen against sanctions lists and check the country of residence against your restricted list.
Store KYC data only with your KYC provider or a secure system, and keep it as long as legally required. PropExecutor stores only the trader's name and email, not identity documents. This is general information, not legal advice.
Common problems
- Names that differ between the ID and the trader record.
- Expired documents.
- Poor-quality photos.
- Payment accounts in someone else's name.
Telling traders in advance which documents you need, and that names must match, prevents most failed checks and the payout delays that follow.
Store results with your KYC provider rather than in email.
PropExecutor team · Updated
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