Your Live Funded Account is held with an external, third-party brokerage. The account belongs to FTMO, and you are listed as a trader on it. You only have access to trade the account; you cannot deposit money into it or withdraw money from it. Your payouts are handled by FTMO (see the FAQ “How do I withdraw my payout from a Live Funded Account?”).
Because the brokerage is an external, third-party financial institution, it must carry out its own due diligence. This is why you will be asked to complete the brokerage’s own KYC verification, even though you have already completed your FTMO Identity.
You will also be asked to complete and sign a Power of Attorney form, which we will send to you, and to accept the Live Funded Account Terms & Conditions, which govern your Live Funded Account.
