# KYC

> Checking that a trader is who they say they are, usually with an ID document and a selfie, through a specialist provider.

**Source:** https://proptechpal.com/glossary/kyc  
**Generated:** 2026-09-24  
**Publisher:** Prop Tech Pal — independent prop firm technology comparison

_Disclosure grades measure what a vendor publishes, never product quality. A vendor publishing a weak SLA scores better than one publishing none._

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Also called: know your customer, identity verification

## Why it matters

Running it at sign-up is safer; running it at first payout is cheaper per trader but surfaces a restricted-country problem at the worst moment. Checks are usually priced per verification by the KYC provider.

## Where it applies

- [Prop firm KYC and compliance software](https://proptechpal.com/categories/kyc-compliance)

[The full glossary](https://proptechpal.com/glossary)