Tradeify KYC and AML Verification: Required Documents and Compliance Process

Written by Paul

Published on

January 15, 2026

The first time I requested a payout from Tradeify, I got an email from "Rise" asking me to verify my identity. My immediate reaction: "Is this a scam? Why is some random company asking for my passport?" Took me 20 minutes of paranoid Googling before I confirmed that Rise is Tradeify's legit payment processor, and KYC verification is mandatory. Once I understood the process, verification took 45 minutes—and my payout cleared two days later.

This guide breaks down Tradeify's complete KYC (Know Your Customer) and AML (Anti-Money Laundering) verification process: why it's required, when you'll need to verify, required documents, step-by-step verification through Rise, business entity verification, common issues, and how to avoid delays that could hold up your first payout.

Quick heads-up: This article is based on my real experience with Tradeify and the info available when I published/updated this. Things change in prop trading — rules, payouts, promos, all of it.

For the absolute latest, check Tradeify´s website or their help center.

What Is KYC and Why Does Tradeify Require It?

KYC (Know Your Customer) is the identity verification process that financial institutions use to confirm you are who you claim to be. AML (Anti-Money Laundering) refers to policies designed to prevent criminals from disguising illegal funds as legitimate income.

Why Tradeify requires KYC:

Legal compliance: U.S. financial regulations require identity verification for anyone receiving payments as a 1099 contractor
Fraud prevention: Verifying identity prevents account takeovers and fraudulent payouts
Tax reporting: Tradeify must report all contractor payments to the IRS using your verified identity
Payment processor requirements: Rise (Tradeify's payout processor) cannot transfer funds without KYC compliance

From Tradeify's official policy:"You must complete the full KYC/AML process with Rise to be onboarded as a 1099 contractor and receive any funded account payouts from Tradeify. Delays in completing this process will result in payout delays."

When You'll Need to Complete KYC

Trigger point: Your first funded account payout request.

The sequence:

You pass your evaluation, get funded, meet payout requirements
You request your first payout in Tradeify dashboard
Tradeify approves the payout
You receive email from Rise: "Complete your verification to receive payment"
You complete KYC through Rise platform
Once verified, funds are released to your Rise wallet
You can withdraw to bank/crypto

Important: KYC is NOT required during the evaluation phase. You only verify when requesting your first payout from a funded account.

Auto-verification exception: If you already have a verified Rise account from another prop firm or payment relationship, Tradeify may auto-verify you IF:

Your Rise account is in good standing
The email address matches your Tradeify account
Your Rise verification is current and complete

Tradeify's KYC Partner: Rise

Rise is a third-party payment processor (similar to PayPal, Stripe, or Payoneer) that Tradeify uses for payouts and contractor management.

Why Rise handles KYC instead of Tradeify directly:

Rise is a regulated financial services company with proper licensing
They specialize in contractor payments and compliance
Automated KYC/AML systems reduce processing time
Rise handles tax form generation (1099-NEC) automatically

Key point: When you verify with Rise for Tradeify, you're creating a Rise account that can receive payments from Tradeify. Your funds flow: Tradeify → Rise → Your bank/crypto wallet.

Required Documents for Personal Accounts

Document #1: Photo Identification

Accepted forms of ID:

Passport (preferred—works for all countries)
Driver's license (front and back)
National ID card (government-issued)
State ID card

Requirements:

Must be current (not expired)
Must show your full legal name
Must include photo
Must show date of birth
All four corners visible in photo/scan
Clear, readable text (no blur, glare, or shadows)

Best practices:

Use passport if you have one (fastest approval)
Take photo in good lighting against solid background
Ensure all text is crisp and readable
Don't use edited or filtered images
Upload uncompressed original photo

Document #2: Proof of Address

Accepted documents:

Utility bill (electric, gas, water, internet)
Bank statement
Credit card statement
Government correspondence (tax forms, DMV, etc.)
Lease agreement or mortgage statement

Requirements:

Issued within last 3-6 months
Shows your full legal name (must match ID)
Shows your complete residential address
Clearly legible (all text readable)
Original document (no screenshots or edited versions)

Common mistake: Using a P.O. Box address. Rise typically requires a physical residential address, not a postal box.

Document #3: Tax Identification

U.S. Traders:

Social Security Number (SSN)
Or Individual Taxpayer Identification Number (ITIN)

International Traders:

Equivalent national tax ID number
May vary by country—Rise will specify what's required

Why this matters: Tradeify reports all contractor payments to tax authorities. Your tax ID connects your payments to your tax return.

Step-by-Step KYC Verification Process

Step 1: Request Your First Payout

In Tradeify dashboard:

Navigate to funded account
Verify you meet payout requirements (consistency rule, minimum days, balance thresholds)
Click "Request Payout"
Enter payout amount
Submit request

Status: Payout shows "Pending" while Tradeify reviews.

Step 2: Receive Rise Invitation Email

Within 24-48 hours of payout approval:

Email from: "Rise" or "Tradeify Holdings, Corp via Rise"
Subject line: "Complete your verification" or "Action required: Verify your account"
Contains personalized invitation link

Critical: Check your spam folder if you don't see this email within 48 hours of payout approval.

Step 3: Create Rise Account

Click the invitation link, then:

Enter your email address (must match Tradeify account)
Choose a secure password
Enable two-factor authentication (optional but recommended)

Rise uses email-based login: Each time you sign in, Rise sends a login link to your email (expires in 20 minutes). This is a security feature, not a bug.

Step 4: Complete Identity Verification

Rise will prompt you to upload:

Photo of your ID (front and back if driver's license)
Selfie holding your ID (for liveness verification)
Proof of address document

Upload process:

Use your phone camera for best quality
Follow Rise's on-screen instructions
Ensure all document corners are visible
Make sure text is sharp and readable

Processing time: Instant to 3 business days depending on:

Document quality (clear photos = faster approval)
Volume (more KYC requests = longer waits)
Manual review needs (flagged documents take longer)

Step 5: Tax Information and W-9

For U.S. traders:

Complete W-9 form within Rise
Provide SSN or ITIN
Confirm your legal name and address

For international traders:

Complete W-8BEN or equivalent
May be subject to tax withholding depending on country

Why this matters: This determines your tax reporting and potential withholding on payouts.

Step 6: Add Withdrawal Method

While waiting for KYC approval, add your preferred withdrawal:

Bank account (ACH for U.S., international wire for others)
Cryptocurrency wallet (Bitcoin, USDC)

Bank account requirements:

Must be in your legal name
Must match your verified identity
Cannot be a prepaid card or virtual account

Crypto requirements:

Provide wallet address
Verify ownership (typically via test transaction)

Step 7: Sign Master Service Agreement

Rise requires you to accept their terms:

Independent contractor agreement
Payment processing terms
Privacy policy

This formalizes your 1099 contractor status with Tradeify through Rise's platform.

Step 8: Verification Complete

Once approved:

Email notification: "Your verification is complete"
Rise account status: "Active"
Tradeify payout is released to your Rise wallet
You can withdraw funds to your linked bank/crypto

Typical total timeline: 1-5 days from initial payout request to verified and funded.

Business Entity Verification (KYB)

If you're trading through an LLC or company, verification is more complex:

Additional Required Documents

Document Type	What's Required
Articles of Incorporation/Organization	Official state filing showing business formation, legal name, registration date
EIN Letter (IRS)	IRS confirmation of Employer Identification Number (tax ID for business)
Operating Agreement	Proof of ownership structure showing members with 25%+ ownership
Photo IDs for All 25%+ Owners	Government-issued ID for each person owning 25% or more of the company
Business Bank Account	Account must be in business name, not personal name

Processing time for KYB: 1-2 weeks (longer than personal KYC due to manual review).

From Tradeify's business account policy:"Proof of ownership documents varies by jurisdiction—some countries have ownership directly on Incorporation docs, others require separate documents like an Operating Agreement for most U.S.-based LLCs."

Common KYC Issues and How to Fix Them

Issue #1: Document Rejected (Photo Quality)

Symptoms: Rise rejects your ID or address proof upload.

Common causes:

Blurry or out-of-focus photo
Glare from flash or lighting
Document corners cut off
Edited or filtered image
Screenshot instead of original photo

Fix:

Retake photo in natural lighting
Lay document flat on solid background
Ensure all four corners visible
Use phone camera's full resolution
Upload raw, unedited original file

Issue #2: Name Mismatch

Symptoms: Your ID name doesn't exactly match your Tradeify account name.

Common causes:

Middle name discrepancy (ID has middle name, Tradeify doesn't)
Nickname used on Tradeify instead of legal name
Married name vs maiden name
Typo in either system

Fix:

Contact Tradeify support to update your account name to match ID
Or contact Rise support to explain the discrepancy
Provide supporting documentation (marriage certificate, legal name change docs)

Issue #3: Address Verification Failed

Symptoms: Rise cannot verify your address matches records.

Common causes:

Recently moved (new address not in systems yet)
Document shows old address
Abbreviation differences (Street vs St., Apartment vs Apt.)
P.O. Box used instead of physical address

Fix:

Use utility bill or bank statement from last 30 days
Ensure address format exactly matches ID
Provide multiple address verification documents if needed
Contact Rise support if recently moved

Issue #4: Auto-Verification Doesn't Work

Symptoms: You have a verified Rise account but Tradeify still asks for verification.

Common causes:

Email addresses don't match (Rise: john@email.com vs Tradeify: john.doe@email.com)
Rise account not in "good standing" (verification expired, suspended, etc.)
Manual review required due to flagged account activity

Fix:

Verify emails match exactly between Rise and Tradeify
Log into Rise separately to confirm account status is "Active"
Complete any pending actions in Rise account
Contact Tradeify support to request manual verification check

Issue #5: Verification Taking Too Long

Symptoms: 3+ business days with no approval.

Common causes:

Manual review required (flagged by automated systems)
Missing documents
High volume of verification requests
International documents requiring translation

Fix:

Check email for Rise requests for additional documents
Log into Rise to check verification status and pending items
Contact Rise support directly (not just Tradeify) for status update
Be patient—manual reviews can take up to 5 business days

Security and Privacy Considerations

Data Security

What Rise does with your documents:

Encrypted storage using bank-level security
Compliance with financial data protection regulations
No sharing with third parties (except as legally required)
Documents used solely for verification and tax reporting

Your data is NOT:

Sold to marketers
Shared with other prop firms
Publicly accessible
Stored unencrypted

Identity Theft Prevention

Protect yourself during KYC:

Only upload documents through official Rise invitation link from your email
Never send ID documents via regular email
Don't share verification documents in Discord or social media
Use unique, strong password for Rise account
Enable two-factor authentication

Red flags of fake KYC requests:

Email from non-Rise domain (check actual email address, not just display name)
Request for credit card information during KYC
Asking for unnecessary documents (Rise won't ask for bank login credentials)
Pressure tactics ("verify within 1 hour or lose payout")

My rule: If a KYC request feels suspicious, contact Tradeify support through official channels before uploading anything.

Verification Status Tracking

Where to Check Your Status

In Rise:

Log into Rise account (pay.riseworks.io)
Check dashboard for verification status
Look for pending actions or document requests

Status indicators:

Pending: Documents under review
Action Required: Missing documents or need resubmission
Approved: Verification complete
Denied: Documents rejected (will specify reason)

In Tradeify:

Your payout request shows "Pending KYC" until Rise verification completes
Once Rise approves, Tradeify releases funds to Rise wallet

Email Notifications

You'll receive emails for:

Verification invitation
Document upload confirmation
Approval notification
Any issues requiring action

Response time: Check email every 4-6 hours during verification process to catch any document requests quickly.

FAQ

Can I skip KYC and just not request payouts?

‍No point in trading a funded account if you can't withdraw. KYC is mandatory for all funded traders who want payouts.

How long is Rise verification valid?

‍Typically 1-2 years, after which Rise may request updated documents to re-verify your identity.

Can I use someone else's ID if I don't have my own?

‍Absolutely not. This is fraud and will result in permanent ban from Tradeify and potential legal consequences.

What if I'm from a country where Tradeify doesn't operate?

‍Tradeify has restricted countries. If you're from a blocked jurisdiction, you cannot open accounts or receive payouts regardless of KYC.

Does KYC verification cost anything?

‍No. Rise verification is free. You never pay to verify your identity.

Can I have multiple Tradeify accounts with different names?

‍No. All your Tradeify accounts must be in your legal name that matches your verified identity.

What happens if I fail KYC verification multiple times?

‍After repeated failures, Rise may escalate to manual review or permanently deny verification. At that point, you'd need to resolve underlying issues (expired ID, incorrect documents) before trying again.

Can I change my verified information later?

‍Yes, but you'll need to re-verify. Contact Rise support if your legal name, address, or tax ID changes.

Does every Tradeify payout require re-verification?

‍No. Once verified, your KYC stays valid for all future payouts unless Rise requests updated documents.

Conclusion

Tradeify's KYC and AML verification is a mandatory one-time process that stands between you and your first payout. It's not complicated—just be prepared with the right documents, follow Rise's upload instructions carefully, and respond promptly to any requests for additional information.

The process typically takes 1-3 days if your documents are clean and complete. I've gone through KYC with three different prop firms using Rise, and Tradeify's process is identical to the others. Once you're verified once with Rise, future Tradeify accounts (or other Rise-integrated prop firms) often auto-verify instantly.

Pro tip: Complete your KYC verification DURING your evaluation phase, even though it's not required yet. Create a Rise account, start the verification process, and have everything approved BEFORE you pass your evaluation. This way, your first payout processes immediately without waiting for KYC. Some traders do this—I didn't, and it added 4 extra days to my first payout timeline.

Don't let KYC anxiety stop you from requesting your first Tradeify payout. It's a standard process, Rise handles millions of verifications annually, and once complete, your payouts flow smoothly.