You have to complete identity verification (KYC) before your first payout is released. The rule is one line long, it applies on every program and every account size, and it sits on the same list as the profit, trading-day and timing conditions for a payout.
A payout request that meets every other condition still waits on this one. Below is where the rule is written, what it does and does not cover, and where it lands on the calendar of a funded account.
Key takeaways
- KYC must be completed before the first payout is released. That is the whole rule as published.
- It is one of eight conditions a payout request has to meet, and it only concerns the first payout.
- The site publishes no document list and no processing time for verification.
- The earliest first request is 14 days after the funded account opens, which gives you a natural deadline to finish it.
Where is the rule written?
It appears twice on the trading rules page. In the account and payout terms table it reads "Required before first payout", with the note that identity verification must be completed before the first payout is released. In the payout conditions list it appears again as "Identity verification (KYC) completed before the first payout."
The same wording is repeated in the Terms & Conditions, where the trading rules are reproduced in full. The Risk Disclosure adds one fact: identity verification is one of the services Eiger buys from independent third-party providers, alongside the trading platform, market data, hosting, payment processing and analytics. The provider supplies the service; responsibility for Eiger's decisions stays with the operator of Eiger Funded.
What the site does not say
It helps to be exact about the gaps. The site does not publish:
- which documents are accepted;
- how long verification takes once submitted;
- whether verification is asked for again on later payouts.
On the last point, the rules mention KYC for the first payout only and do not list it again for the payouts that follow. That is as far as the published text goes. For anything else, ask support rather than relying on what another firm does: open a ticket in the client portal (Support, then New ticket) or write to [email protected].
If the rule book does not say it, ask support before you plan around it.
How KYC fits with the other payout conditions
A payout may be requested once every payout window, provided all of the following are true. KYC is one line among them, and a request is only as ready as its weakest line.
| Profit | 10% | Of the account size, from activation for the first payout, then from the last payout. |
|---|---|---|
| Activity | 5 and 5 | At least 5 trading days and 5 closed trades on the account. |
| Consistency | 50% | No single day accounts for more than 50% of total profit. This one never fails the account; the request waits until profit is spread across more days. |
| Positions | All closed | At the time of the request. |
| Violations | None open | No open or pending rule violations on the account. |
| Timing | 14, then 18 | 14 days since the funded account opened for the first payout, then 18 days since the previous request. |
| KYC | Completed | Before the first payout. |
| Pay After You Pass | Fee paid | The rest of the fee has been paid. |
Each condition is covered one by one in the payout conditions article.
A worked example on a €25,000 funded account
Your €25,000 funded account opens on a Monday. The first payout can be requested 14 days later at the earliest, and a second request 18 days after that first request. To qualify you need at least €2,500 of profit (10% of the size), all positions closed, at least 5 trading days and 5 closed trades, and no single day that made more than half of the total. On €2,500 of profit, no one day can account for more than €1,250.
Suppose all of that is true on day 14. If KYC is done, the request can go through review and, once approved, the reward is released: 80% of €2,500 is €2,000. If KYC is not done, the first payout is not released until it is. Nothing about the trading changes; the money simply waits.
Results vary and most traders do not make a profit. The example shows how the conditions line up, not what an account will do.
When should you do it?
The rule sets a deadline, not a start date: verification has to be complete before the first payout is released. The earliest point a first payout can be requested is 14 days after the funded account opens. Since no verification time is published, the only timing you control is not leaving it until the day you want to request. Everything else on the list depends on your trading; this one depends only on paperwork.
The same thinking applies on Pay After You Pass, with one extra step first. There is no deadline to pay the rest of the fee. The funded account opens on the day it is paid, and that is also the day the 14-day payout clock starts.
Other identity rules in the Terms
The Terms contain rules about who holds and trades an account. The site does not describe them as part of KYC, but they are about the same person, so they are worth knowing before you verify:
- By creating an account or buying, you confirm you are at least 18 and that the information you give is accurate.
- One active funded account per person unless explicitly approved in writing.
- One trader per account; sharing or selling access, or sharing account credentials, is prohibited.
- Using VPNs, proxies or emulators to mask identity or location is prohibited, and the same IP address or device across several accounts triggers a review.
These sit in the Account Integrity and General Rules sections of the Terms & Conditions.
Frequently asked questions
Do I need KYC to buy an account?
The published rule ties KYC to the first payout: identity verification must be completed before the first payout is released. The site does not list it as a condition for buying.
Do I need KYC during the evaluation?
The rules do not list KYC as an evaluation requirement. It appears among the payout conditions, which apply to the funded account.
How long does verification take?
The site does not publish a processing time. For a current answer, open a ticket in the client portal or write to [email protected].
Is KYC needed again for later payouts?
The trading rules mention KYC before the first payout only and do not repeat it for later payouts. Ask support if your situation changes.
Who carries out the verification?
The Risk Disclosure says identity verification is supplied by an independent third-party provider, while all commercial and operational responsibility stays with the operator of Eiger Funded.
Read the rules, then pick a program
Every rule that can fail an account is published in full before you pay. Three programs, five sizes, an 80% reward and no time limit on any step.