Why is KYC important for a Prop Firm?

Written by Stellar Forex Funds
Updated 3 months ago

Regulatory Compliance: KYC ensures that proprietary trading firms adhere to regulatory requirements designed to prevent illegal activities.

Risk Management
: By verifying client identities, firms can better assess and manage the risks associated with their clients.

Fraud Prevention
: KYC helps identify and prevent fraudulent activities, safeguarding both the firm and its legitimate clients.

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