Financial Conduct Authority
FXCN tier 1
34 brokers
Regulated brokers must do KYC + AML:
• ID (passport / national ID / DL)
• Proof of address (utility bill / bank statement, < 3 months)
• Some require source-of-funds declaration
No KYC = almost certainly a scam.
KYC is an identity and risk-check process, not a safety certification; requesting documents does not prove the payment entity or broker licence is genuine.
This is not an isolated definition. The data below comes from FXCN regulator records and active licence relationships and shows what requires verification.
34 brokers
29 brokers
10 brokers