---
title: "KYC - Meaning & GFN's Figure - Get Funded Now"
description: "The process of confirming who owns an account, using identity documents and supporting information. It is required before money moves, and it is the most…"
url: "https://getfundednow.com/glossary/kyc"
language: "en"
last_modified: "2026-09-22"
publisher: "Get Funded Now (getfundednow.com)"
translations:
  es: "https://getfundednow.com/es/glossary/kyc"
  pt-BR: "https://getfundednow.com/pt-br/glossary/kyc"
  fr: "https://getfundednow.com/fr/glossary/kyc"
  it: "https://getfundednow.com/it/glossary/kyc"
  de: "https://getfundednow.com/de/glossary/kyc"
disclosure: "All trading at Get Funded Now is simulated. 'Funded' means a simulated or virtual account; GFN is not a broker and does not hold client funds."
---

Industry, legal and operations

# KYC

The process of confirming who owns an account, using identity documents and supporting information. It is required before money moves, and it is the most common cause of a delayed first payout.

Also called: Know Your Customer · Identity verification

GFN’s figure

GFN may require identity and compliance verification before a funded account is issued and before a payout is processed. The GFN account, the identity verification and the payout details must all belong to the same individual.

- **When**: Before a funded account is issued, and before a payout
- **What**: Valid identification and information confirming your identity
- **Name matching**: Account, ID and payout details must match

In detail

## KYC, explained

Completing verification early removes almost all of the avoidable delay from a payout, because the checks happen at the point the firm is about to pay rather than at the point you buy.

The consistent rule across the industry is that the account, the verified identity and the receiving payment account must all be the same person. There is no version of this that a third party can satisfy on your behalf.

[The rule in full →](https://getfundednow.com/rules/kyc-and-verification) · [Rules handbook](https://getfundednow.com/rules) · [More industry, legal and operations](https://getfundednow.com/glossary/category/industry)

Related

## Terms that come with it

Most rules only make sense next to the ones they interact with. These are the entries this one depends on.

- [AML](https://getfundednow.com/glossary/aml) - The controls a firm operates to prevent its services being used to move criminal proceeds. In practice it means identity checks, monitoring for unusual patterns, and refusing payments that cannot be explained.
- [Payout denial](https://getfundednow.com/glossary/payout-denial) - A refused payout request. The common causes are a breach recorded before the payout was approved, incomplete identity verification, a mismatch in the receiving account, or trading that broke a conduct rule.
- [Account sharing](https://getfundednow.com/glossary/account-sharing) - Letting someone else trade your account, or trading an account belonging to someone else. It defeats the purpose of an assessment of an individual, and it is prohibited everywhere in the industry without exception.
- [Restricted jurisdiction](https://getfundednow.com/glossary/restricted-jurisdiction) - A country a firm will not serve, for legal, regulatory, sanctions or payment-provider reasons. Restrictions can change, and they apply to where a trader actually is rather than what an address says.
- [First payout](https://getfundednow.com/glossary/first-payout) - The earliest date a funded account can request money. What starts the clock differs by firm - purchase, account issue, or first trade - and that choice moves the date by days or weeks.

Also governed by [/rules/kyc-and-verification](https://getfundednow.com/rules/kyc-and-verification)

[Sanctions screening](https://getfundednow.com/glossary/sanctions-screening)

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Source: https://getfundednow.com/glossary/kyc
Facts about Get Funded Now in one file: https://getfundednow.com/llms.txt