What is Swift KYC?
Swift KYC allows eligible traders to complete their KYC earlier, ensuring they receive their FundedNext Account immediately after passing their Challenge Phase. Traders can now apply for KYC before completing Phase 2, eliminating delays in receiving their FundedNext Account.
To ensure a fair and efficient process, it’s important to note that all standard rules and requirements must still be met to finalize your FundedNext Account. All the necessary details are outlined below.
Eligibility Criteria:
To qualify for Swift KYC, you must meet all of the following conditions:
1. Account Type
You must be in Phase 2 of one of the following account types:
Evaluation Challenge: $6K to $15K Account Size.
Stellar 2-Step Challenge: $6K to $15K Account Size.
Stellar Lite Challenge: $5K to $10K Account Size.
2. Profit Requirement for Phase 2
Evaluation & Stellar 2-Step Challenge Accounts: 5% profit.
Stellar Lite Challenge Accounts: 4% profit.
3. Trading Days
You must achieve the required profit in 3 days or fewer.
Example:
🔹 For a Stellar 2-Step Phase 2 Challenge Account:
If your account balance is $6,000, you must achieve a 5% profit ($300) within 3 or fewer trading days to apply for Swift KYC.
🔹 For a Stellar Lite Phase 2 Challenge Account:
If your account balance is $5,000, you must achieve a 4% profit ($200) within 3 or fewer trading days to apply for Swift KYC.
Notes:
➡ Swift KYC does not bypass any FundedNext trading rules.
All standard policies, including minimum trading days and loss limits, remain unchanged.
➡ If you do not qualify for Swift KYC, you will follow the regular KYC process after meeting FundedNext’s verification policies.
➡ For traders with the No Minimum Trading Days Add-On, their account will proceed with the usual KYC Verification process.
➡ If a trader completes the Swift KYC agreement but later breaches the account, they will no longer be eligible for a FundedNext Account. The account will need to be reset, and a new Phase 1 Challenge Account will be issued. The trader must then go through the process again.