What Is KYC Verification and Why Is It Mandatory?

KYC (Know Your Customer) is a mandatory compliance procedure required by global financial regulators. It is designed to verify the real identity of clients and prevent illegal financial activities such as money laundering (AML) and terrorist financing.

As a regulated broker, XNCE strictly adheres to these requirements. All clients must complete KYC before making deposits, withdrawals, or opening live trading accounts. Your personal information is strictly confidential and used solely for compliance review.