KYC, Taxes, and Compliance

To verify your identity and prevent fraud. It is required before we send funds.

Before your first payout. In some cases, it may also be required before certain purchases or account changes.

Three photos: the front of a valid government-issued photo ID, the back of that same ID, and a selfie of yourself. Each must be a clear JPEG, PNG, or WebP. You do it right in the payout flow the first time you request a payout, so there is no separate page to visit.

Usually a few minutes. Some checks require manual review and can take longer.

Yes. Trading can continue, but payouts and some actions can be blocked until KYC is completed.

We may ask you to reverify if the first attempt is unclear or details changed.

Use good lighting, a clear camera, and an unexpired ID. If it still fails, contact support.

US taxpayers usually submit a W-9. Non US taxpayers usually submit a W-8BEN or equivalent.

If you are a US taxpayer and receive $600 or more in payouts in a calendar year, you may receive Form 1099-NEC. Forms are typically issued by Jan 31 for the prior year.

Usually, no. Non US taxpayers typically do not receive US 1099 forms.

If payout fees apply, your 1099 may reflect a gross amount. If you are unsure how to file, talk to a tax professional.

Check your spam folder. If you meet the threshold, contact support.

Yes. Tax reporting is based on payouts you receive, regardless of phase.

No. Traders are not employees.

Generally, report payouts received as income. Options Funding does not provide tax advice.

We generally do not withhold taxes. If required by law, we may withhold.

See the Terms page for KYC and tax requirements.

We verify your identity before a first payout, keep records of verification and payment activity, and apply payment-risk controls on card transactions. Sanctions and politically-exposed-person screening is performed by our banking and payment partners on the rails they operate, not by us. See the Privacy Policy for related vendor and data details.

Our banking and payment partners screen the payments they process against sanctions lists, and a payment they refuse is one we cannot send. We do not run our own sanctions or politically-exposed-person name screening. Inbound crypto deposits are screened against on-chain sanctions data before they are credited.

Yes. We do not accept traders in jurisdictions subject to comprehensive US sanctions, and rewards cannot be sent to the countries and regions listed in section 9.6 of the Terms. That restriction is applied by our banking partner when a reward is sent, and we check the billing country we hold on file where we have one. It is your responsibility to be somewhere a reward can be received.

Currently the program is designed for individual traders. Entity-based participation is not standard. Contact support if you have a specific structural question.

Each trader account must use a unique identity for KYC and payout. Sharing payment cards across distinct trader accounts is flagged by our payment risk controls.