KYC (identity verification) is done with Sumsub and is required before your SIM Funded Account is released. You can trade and pass the Evaluation first. KYC is the step between passing and getting your SIM Funded Account.
Where KYC fits
Step 1: Pass the Evaluation
You reach the profit target and meet the Consistency Rule and the Minimum Trade Duration.
Step 2: Get your KYC approved
Your identity verification with Sumsub must be approved. If it is not approved, the account stays on hold.
Step 3: Sign the Futures contract
The contract is sent in the flow after KYC. Read Contract signing.
Step 4: Your SIM Funded Account activates
It activates on the same account number, with the balance back at the starting balance.
What to know about KYC
Topic | What to know |
Who does the verification | Sumsub |
When it is required | Before your SIM Funded Account is released |
If it is not approved | The account stays on hold until it is approved |
Profiles | One profile per person. Duplicate profiles are rejected |
Restricted countries | Residents, citizens and people located in the 55 restricted countries cannot use BrightFunded Futures |
⚠️ Use one profile only. If you already have a BrightFunded profile, use that one. Creating a second profile for the same person leads to rejected duplicates.
Frequently asked questions
Do I need KYC before I start trading?
No. KYC is required before your SIM Funded Account is released, after you pass the Evaluation.
What happens if my KYC is not approved?
Your account stays on hold until it is approved. It does not fail.
Can I have two profiles?
No. It is one profile per person. Duplicate profiles are rejected.
What comes after KYC?
You sign the Futures contract and your SIM Funded Account activates. Read I passed. What happens next?
My KYC is stuck. What do I do?
Contact our Support team from the dashboard and include your account number.
Where to go next
Contract signing
I passed. What happens next?
Who can join and restricted countries
Paying with a credit card or any card: the cardholder must match your profile
