KYC stands for “Know Your Customer”: the process a broker uses to confirm who you are before letting you move money. It is not red tape for its own sake. It is part of the obligations to prevent money laundering and terrorist financing (AML), and it protects your account: it ensures that only you can trade and withdraw. At VexPro, withdrawals are also sent only to accounts in your name.
Before you start, check two things. First: you must be of legal age under the law of your country of residence and must not reside in a restricted jurisdiction (VexPro does not serve, among others, residents of the United States, the United Kingdom or Russia; the full list is in the Risk Disclosure). Second: keep a valid identity document and a recent proof of address to hand. It will save you time.
Step 1: sign up. Go to https://my.vexprofx.com/register/VP8383 and fill in the form with your full name, email, phone, country and password, and accept the Terms and Conditions. The “sponsor” field is optional: it identifies the partner (Introducing Broker) who introduced you to VexPro; if nobody referred you, leave it empty. You can also sign up with your Google account. Enter your name exactly as it appears on your document: name, date of birth and ID document are tied to your verification and cannot be changed later.
Step 2: confirm your email with the code we send you. That takes you to Level 0 (registration), which lets you deposit up to $10,000 a month but not withdraw. From the client area you can also open a demo account with virtual funds to practise while you complete verification.
Step 3: complete Level 1, identity and address. You need a proof of identity (a valid passport, national identity card or driving licence) and a proof of address (a utility bill, bank statement or official document less than 3 months old). Verification is carried out through our provider, DIDIT. Level 1 enables withdrawals: up to $50,000 a month in deposits and $20,000 a month in withdrawals, with instant withdrawals of up to $200 every 24 hours and standard withdrawals of up to $10,000 with an approval time of 0 to 48 business hours.
Step 4, if you need it: complete Level 2, extended KYC/AML. It consists of a liveness check and AML screening, also through DIDIT. It raises the limits to $1,000,000 a month in deposits and $400,000 a month in withdrawals, and it is required for bank-transfer withdrawals (in the jurisdictions where they are available, from $250) and for withdrawals of $10,000 or more, which are approved within 0 to 72 business hours.
Level 3 is enhanced due diligence (EDD): it requires evidence of the source of funds through bank statements, proof of income or other documents, and works with flexible limits set case by case. Compliance may request it before processing a withdrawal or at any time during the relationship, whatever level you already hold. The published limits are maximums, and VexPro may ask for additional documents — for example, if you withdraw by a different method from the one you used to deposit.
Most rejections can be avoided with a little care when uploading. Use documents that are in force, never expired. Photograph the whole document, with all four corners visible, good light and no glare or cropping. Make sure the name matches your registration and that the proof of address is less than 3 months old and shows your name and address. For the liveness check, stand somewhere well lit, without sunglasses or a cap, and follow the on-screen instructions.
How long does it take? Once you upload legible, valid documents through DIDIT, the review is usually completed quickly. If any document does not meet the requirements, we will email you so you can correct it. The best advice is not to leave it to the last minute: check your level before planning a large deposit or withdrawal, not afterwards.
With verification done, open your trading account (ECN, STP, Cent or Synthetics) from the client area, install MetaTrader 5 and connect with the VexPro-Server server and your account credentials. For your security, enable two-factor authentication (2FA) to authorise withdrawals, and never share your passwords or codes with anyone, not even someone claiming to be from VexPro. Trading leveraged instruments carries a high risk of loss and may not be suitable for all investors.
Sources: Bank for International Settlements (BIS), central banks, official MetaQuotes (MetaTrader 5) documentation and regulatory bodies.
