Client onboarding is an essential goal for brokers who want to decrease onboarding time, enhance client relationships, and grow their business. Yet client onboarding is still a largely manual, error-prone, time-consuming, and expensive process.
Broker IQ focuses on automation. Our optimised and easy-to-use application forms are fully compliant with FCA and Cysec standards. Within minutes, all required client details are captured, as well as KYC (Know Your Customer) documents. All details are securely stored and available for broker back office review .
Our real-time ID verification procedure is integrated with the application form. Broker IQ offers an automated KYC process using leading third party ID check providers, with access to more than 3 billion global records.
If automated KYC is successful, the client’s trading account is created in 3 seconds from submission. If the verification process is not successful, the client is prompted to upload documents to the Client portal and they are verified manually. All complementary procedures for client ID checks are designed to improve the safety of broker business operations.