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Why do I need to verify my identity?

This article explains the importance of identity verification (KYC) on CUSP

Updated over a month ago

Verification confirms that you—and only you—can access and manage your account. It's a one-time step designed to help add an extra layer of protection to your account and reduce the risk of identity misuse.


What is KYC?

KYC stands for Know Your Customer. It’s a standard regulatory process used by financial institutions worldwide to confirm a customer’s identity before enabling investment activity.


At CUSP, it only takes a few simple steps:

  • Upload a valid ID (Driving Licence, Government-issued ID, or Residence Permit)

  • Take a clear selfie

  • Confirm your personal details


Is KYC a regulatory requirement?

Yes. As a DFSA-regulated platform, we are required to verify every customer before permitting deposits, withdrawals, or trading. This process forms an essential part of maintaining a compliant and trusted investing environment for all users.


What verification unlocks

Once verified, you gain full access to CUSP, including:

  • Access to thousands of US stocks and ETFs with zero basic trading fees*

  • Tailored portfolios aligned with your goals and risk profile

  • AI-powered insights designed to help you understand your portfolio more clearly

  • Eligible investment protection through U.S. SIPC insurance

  • An account operating within DFSA-regulated standards

Verification is the first step in creating a regulated, reliable foundation for everything you build on CUSP.

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