What should traders know about KYC at Funded Firm, including when verification is required?

💡 Answer

Is KYC Required at Funded Firm?

No

At what stage traders must go through identity verification at Funded Firm?

KYC/AML verification is required before the first payout. Traders may need to provide government‑issued ID and proof of address to satisfy compliance checks.

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Funded Firm vs FTMO vs Seacrest Markets - Prop Firm Comparison (March 2026)

Side-by-side comparison of Funded Firm vs FTMO vs Seacrest Markets. Quickly scan maximum funding, profit splits, risk rules, leverage, platforms, instruments, payout schedules, payment options, trading permissions and KYC restrictions to narrow down your prop trading firm shortlist. Data updated March 2026.

Funded Firm vs FTMO vs Seacrest Markets - Prop Firm Comparison (March 2026)
Funded Firm
FundedFirm is a UK-based proprietary trading firm launched in 2024. It offers 1‑Step and 2‑Step evaluation programs with unlimited time, allowing traders to trade forex, metals, indices, energies and cryptocurrencies on MT5. With leverage up to 1:100 (1:50 for crypto),...
FTMO
FTMO is a Prague-based prop trading evaluation company founded in 2015 that uses a two-step challenge (FTMO Challenge + Verification) with unlimited time, strict 5% max daily loss and 10% max loss limits, and Normal or Swing funded account types....
Seacrest Markets
Seacrest Markets (formerly MyFundedFX) is a broker-backed prop evaluation program offering MT5 and Match-Trader simulated challenges with no time limits, up to $400,000 total simulated value across active accounts, 80% profit split on Live Sim accounts (with VIP tiers up...
Overview
Trustpilot Rating 0 4.8 3.3
Trustpilot Reviews 0 40,041 1
Headquarters United Kingdom Czech Republic South Africa
Age (Years) 2 11 N/A
Max Funding $100,000 $400,000 $400,000
Profit Split Start 90% 80% 80%
Profit Split Max 100% 90% 92.75%
Platforms mt5 MT4 MT5 cTrader DXtrade mt5 match-trader
Assets Forex Precious Metals Indices Energies Cryptocurrencies FX Indices Commodities Stocks Crypto FX Metals Indices Energy & Commodities Crypto
Leverage
FX Leverage 100 100 30
Metals Leverage 100 30 10
Crypto Leverage 50 3.3 2
Risk & Drawdown Rules
Max Daily Loss 3–5 Maximum Daily LossFTMO applies a 5% Maximum Daily Loss. It is calculated from the account’s balance at midnight CE(S)T (platform time) each day and includes the running total of the day’s closed trades + floating P/L, including commissions and swaps. If the daily limit is exceeded at any time, the account fails. Maximum Daily LossDaily loss limits depend on plan: 4% (1-Step), 5% (2-Step), 4% (3-Step).
Max Total Loss 6–10 Maximum LossFTMO applies a 10% Maximum Loss (overall loss limit). This is a static cap measured against the account’s starting balance, and it is evaluated on equity (closed + floating results, including trading costs). Breaching it at any time results in account failure. Maximum Overall Loss6% trailing (1-Step), 8% static (2-Step / 3-Step).
Drawdown Type Fixed (daily 3–5% of starting equity; overall 6–10% of initial balance) Drawdown ModelFTMO uses static loss limits: a daily loss limit that resets at midnight (platform time) and an overall loss limit based on the starting balance. Both limits include floating P/L and trading costs (commissions/swaps), so equity protection matters as much as closed P/L. Equity-based (Trailing on 1-Step; Static on 2-Step/3-Step)
Payouts
Payout Frequency Payouts can be requested weekly, bi‑weekly or monthly. Weekly cycles provide a 60% profit split, bi‑weekly cycles 80%, and monthly cycles up to 100%. Payouts for weekly and bi‑weekly plans are released every Wednesday starting from the second week after the account is opened. Payout FrequencyFTMO rewards are processed on request. Once you have access to the FTMO Account, you can request your reward after a minimum of 14 calendar days from your first day of trading on the FTMO Account (biweekly request cadence).Minimum profit thresholds apply to cover transaction costs (e.g., $20 minimum for bank transfer, $50 minimum for crypto withdrawals). Payouts every 14 days (VIP tiers faster).
Days to First Payout 7 14 14
Payout Processing Time 1 Payout ProcessingReward requests go through a review step (typically 1–2 business days). After approval, payments are usually processed within an additional 1–2 business days, depending on the chosen payout method and banking/processor timelines. Processing 12–72 hours.
Payout Methods Bank transfer UPI BTC USDT TRC20 USDT BEP20 USDT ERC20 Bank Transfer Cryptocurrency Skrill Neteller Crypto RiseWorks
Payments
Payment Methods UPI Bitcoin USDT TRC20 USDT BEP20 USDT ERC20 Credit/Debit Card Bank Transfer Cryptocurrency Skrill Credit/Debit Card Crypto Apple Pay
Trading Permissions
News Trading News trading is allowed on all account types. Traders may open and close positions during high‑impact news releases. Evaluation (FTMO Challenge + Verification): news trading is allowed freely during all releases.FTMO Account (Normal): for specified high-impact announcements and targeted instruments, you must not open or close trades (including SL/TP triggers) in the 2 minutes before to 2 minutes after the release.FTMO Account Swing: news trading restrictions do not apply. News trading restricted on Live Sim (±3 minutes).
Weekend Trades Overnight and weekend holding is allowed without restrictions. Evaluation (FTMO Challenge + Verification): holding trades over the weekend is allowed.FTMO Account (Normal): positions must be closed before the weekend market close (or if the market break/rollover is longer than 2 hours). Some cryptocurrencies may be tradable during specific weekend hours.FTMO Account Swing: no restrictions on holding positions over the weekend. Weekend trading allowed.
Copy Trading Copy trading and mirroring strategies across accounts are prohibited. Trade copying tools can be used as long as your trading remains compliant with FTMO’s rules. FTMO’s services are for personal use only: you must not allow any third party to access or trade your accounts, and coordinated/manipulative trade patterns between connected accounts (e.g., opposite positions across accounts for manipulation) are forbidden. Copy trading allowed for own strategies only.
EA Allowed Expert Advisors (EAs) and automated trading tools are not allowed. EAs are allowed as long as the strategy is legitimate, replicable in real markets, and does not fall into forbidden practices. Note that automated trading that overloads servers (e.g., excessive server requests) is prohibited, and widely used third-party EAs may risk breaching maximum capital allocation constraints if multiple users run the same strategy. EAs allowed on MT5 only.
KYC & Restrictions
KYC Required No No Yes
KYC Stage KYC/AML verification is required before the first payout. Traders may need to provide government‑issued ID and proof of address to satisfy compliance checks. FTMO requires identity verification before becoming an FTMO Trader and signing the FTMO Account Agreement. For individuals, this is KYC and typically requires a government-issued ID and proof of address. Businesses may require KYB documentation. Once the verification is complete, the FTMO Account Agreement is unlocked for signing in the Client Area. KYC required at Live Sim stage.
Restricted Countries No specific list of restricted countries is published but services may not be available in sanctioned jurisdictions such as North Korea Iran Syria and other high‑risk regions. Afghanistan Albania Algeria American Samoa Barbados Belarus Burkina Faso Burundi Cambodia Central African Republic Cuba Democratic Republic of the Congo Eritrea Guam Guinea Guinea-Bissau Haiti Hong Kong Iran Iraq Kazakhstan Kosovo Libya Mali Morocco Myanmar Nicaragua North Korea Pakistan Palestine Panama Puerto Rico Russia Samoa Sierra Leone Somalia South Sudan Sudan Syria Tunisia Uganda Ukraine (Crimea Donetsk Luhansk) United Arab Emirates United States Minor Outlying Islands Venezuela Virgin Islands (US) Yemen Zimbabwe Cuba Iran Lebanon Syria North Korea Libya Russia Sudan Somalia South Sudan Vietnam United Arab Emirates Hong Kong Belarus Myanmar Central African Republic Democratic Republic of Congo Congo Ethiopia Nicaragua Venezuela Yemen Philippines Kenya Algeria Morocco United States

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