Now that you’ve signed up on the Chaka App, It’s time to verify your brokerage account.
To get verified for your local and global trades, you are required by regulatory authorities to complete the KYC process.
What is KYC?
Know Your Customer (KYC) is a standard due diligence process of identifying and verifying our customers. This is a mandatory requirement from SEC (for local trades) and US FINRA (for global trades).
Let’s get started:
Step 1: General Verification:
Bank Details (Payout):
Step 2: Local Account Verification:
Phone Number Verification
You can tap Select Other Options to Use a different number or Resend OTP via Email or whatsapp
Note: The Address on the Proof of Address document must match the address entered in the compliance profile
To get approved Globally, you must have completed and provided the following information
All Information provided and documents submitted will be manually checked and verified
After successful verification, your global account opens within 24 hours
To get approved Locally, You must have completed and provided the following information
After submission, user information is sent to the Central Securities Clearing System (CSCS)
CSCS account is created for the client with CSCS Number and Clearing House Number(CHN) allocated to the client
After successful verification, your local account opens within 2–3 business days