I'm wondering if Know Your Customer (KYC) procedures are necessary for forex trading. Is it a requirement to complete KYC verification in order to participate in the foreign exchange market?
7 answers
KimchiChic
Mon Dec 16 2024
The information collected includes the client's full name.
CharmedSun
Mon Dec 16 2024
Address details are also necessary for KYC purposes.
ethan_carter_engineer
Mon Dec 16 2024
The Know Your Customer (KYC) procedures are crucial for Forex brokers.
Raffaele
Mon Dec 16 2024
Forex brokers need to verify the client's date of birth.
Carlo
Mon Dec 16 2024
These brokers are mandated to gather personal information from their clients.