TL;DR: At FundedNext, we prioritize security and compliance while ensuring a seamless experience for our traders. To streamline your journey, we have a centralized, profile-level KYC (Know Your Customer) system. This means your verification is tied to your profile rather than individual accounts, covering both CFDs and Futures product lines simultaneously.
KYC (Know Your Customer) is a mandatory step to ensure secure and compliant trading at FundedNext Futures. While you can start trading immediately after completing the challenge, you must complete KYC before requesting your first Performance Reward withdrawal. This process verifies your identity and enables smooth withdrawal handling.
What is Profile-Level KYC?
KYC is maintained at the profile level, creating a single source of truth for each trader. Once you have a verified KYC status on your profile, it applies to every account you hold, whether it is a FundedNext Futures Account or FundedNext CFD Account. This eliminates the need for repetitive documentation and ensures a smoother transition between different Challenge Phases and FundedNext Accounts.
The "First-Trigger" Rule
If you hold both CFDs and Futures Accounts, whichever KYC trigger occurs first will establish the verified record for your entire profile. Once this is approved, you will not be required to complete a separate KYC for other FundedNext products or other accounts you purchase in the future.
When is KYC required?
On FundedNext Futures, you will be required to submit your documents for KYC Verification before requesting your first Performance Reward.
To know about FundedNext CFD please refer to this link here.
Verification States and Requirements
It is important to note that simply submitting your documents does not satisfy the KYC requirement. Your KYC status should be "verified" in order to move forward with requesting a Performance Reward. While your KYC is in "Pending Review" or "Required" status, you will be able to trade on a FundedNext Account; however, you will not be able to receive a Performance Reward from your account until the verification is successful.
Required Documentation
To complete the KYC Verification, traders need to provide documents for identity verification. A photo of the any of the following documents for KYC:
National ID
Passport
Permanent Residence Permit
Driving License (applicable only for U.S.-based traders and traders from Australia, Canada, and New Zealand)
Other than document submission, you also need to complete the Liveness Check, which is a real-time selfie to verify your identity.
Proof of Address
If requested, traders will have to submit proof of address to complete the KYC Verification process. To fulfill the address verification requirement, you must provide one of the following officially recognized documents:
Utility Bill
Bank Statement
Please ensure that the document submitted was issued within the last three months.
Submission Attempts and Document Rules
The number of allowed KYC submission attempts can vary based on the local regulations and provider requirements:
Nigeria: 5 attempts
All Other Countries: 3 attempts.
Exhausted Attempts
If you exhaust all your attempts, please contact our support team, and we will guide you accordingly.