Duty Fly KYC

Account verification is of primary importance for countering fraud, theft, money laundering, and financing of illegal transactions. KYC is a set of identification operations for verifying personal accounts to enable investors to trade and use the exceptional trading opportunities Duty Fly provides. There are several steps for account verification:

Personal Accounts

There are 4 steps for customers to verify their accounts.

For Step 1, customers are required to fill in the following information:

  • First Name, Last Name,
  • E-mail,
  • Phone number,
  • Username,
  • Password.

For Step 1, the customer has the following limitations:

  • Daily operations up to USD 500 or equivalent,
  • Monthly operations up to USD 10,000 or equivalent,
  • Marginal trading and/or CFD are not allowed,
  • Withdrawal is allowed up to daily 1 BTC or equivalent with crypto currency only.

To complete the Step 2, the customers should have completed the Step 1. For Step 2, the customers are required to submit the following information:

  • Passport/National ID scan,
  • Country of living,
  • Citizenship,
  • Address (both registered and physical, with a proof of residency document)

For Step 2, the customer has the following limitations:

  • Daily operations up to USD 10,000 or equivalent,
  • Monthly operations up to USD 250,000 or equivalent,
  • Marginal trading and/or CFD are not allowed.

To complete the Step 3, the customers should have completed the Steps 1 and 2. For Step 3, the customers are required to submit the following information:

  • Any mean of video call (e.g. Skype username, Whatsapp/Viber account numbers).

Customers will be contacted and checked via video calls to be verified.

For Step 3, the customer has the following limitations:

  • Daily operations up to USD 50,000 or equivalent,
  • Monthly operations up to USD 1,300,000 or equivalent,
  • Marginal trading and/or CFD with a leverage of 1:3.

To complete the Step 4, the customers should have completed the Steps 1, 2 and 3.

To be verified for Step 4, customers have 2 options:

  1. Physically come to Head Office (we will indicate the convenient office address for you based on your location),
  2. Sign on the back of a passport sized photo, attach with the Passport/National ID copies, and send to Head Office via post offices.

For Step 4, the customer has the following limitations:

  • Daily operations up to USD 200,000 or equivalent,
  • Monthly operations up to USD 5,000,000 or equivalent,
  • Marginal trading and/or CFD with a leverage of 1:3.

Note: Proof of residence can be considered:

  • Certificate from the bank, where postal code is detailed,
  • Any bills or any certificate of a public entry or company which detail the address.
Corporate Accounts

To register for corporate accounts, customers can:

  1. Upgrade their personal accounts from Step (Tier) 4 to corporate account,
  2. Create a new Corporate Account.
  1. For this step, customers need to be in the Step (Tier) 4, after which they can upgrade their accounts. If the company is already registered, and the personal account wants to join the corporate account, the following information is required:
    • Job title in the company,
    • Agreement from CEO/Board Members to upgrade account,
    • A selfie with the agreement attached to the application,
    • Means of video call (e.g. Skype username, Whatsapp/Viber account numbers)
  2. For creating a new Corporate Account, the following information is required:
    • Full Name of the Company (as registered by the Government),
    • Certificate of Incorporation and Business registration,
    • Agreement provided by Board Members to open an account,
    • Company’s address (address line, post code, state, city, country)
    • Company’s e-mail address
    • Company’s phone number (at least 2 numbers)
    • Statement from Bank (from which the first transactions will occur),
    • Notice about Significant Control Person (SCP) (Significant Control Peron can be CEO or
      any other person authorized by CEO)

      • If SCP is the CEO of the company, an agreement signed by Board Members is required
      • IF SCP is another person authorized by CEO, a notarized authorization and an agreement signed by Board Members is required
    • Information about Significant Control Person, including

      • Full Name of SCP,
      • Country of living,
      • Citizenship,
      • Address (registered and physical addresses with a proof of residency document)
      • e-mail address,
      • phone number,
      • Passport/ National ID scan,
      • Agreement from Board Member (notarized authorization if SCP is not the CEO),
      • A selfie with the Agreement (and authorization, if SCP is not the CEO).
    • Create username and password,
    • If more than one corporate account is needed:

      • Mention the number of accounts needed,
      • Indicate the names of the beneficiaries,
      • The roles/job titles in the company,
      • The purpose of use,
      • An agreement from CEO/Board Members to have an additional account.
    • Means of video call (e.g. Skype username, Whatsapp/Viber account numbers) to verify identification
    • A signature on the back of a passport sized photo, attached with the Passport/National ID copy from Significant Control Person, sent to Head Office via post offices.

Attention: Miss the last two points, if the Significant Control Person can physically come to Head Office.

A minimum deposit USD 500 or equivalent is required for using Corporate Accounts. The limitations are removed from Personal Accounts if they upgrade to Corporate Accounts.

Note: Proof of residence can be considered:

  • Certificate from the bank, where postal code is detailed,
  • Any bills or any certificate of a public entry or company which detail the address.