Anyone else finding KYC/AML a major hurdle with new Prop Firm onboarding?

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Been exploring a few new prop firms lately, looking to diversify capital across different models. What's getting under my skin is the sheer inconsistency in their KYC/AML processes. Some are straightforward, verify quickly, others are asking for documentation that feels borderline excessive or duplicating requests after initial submission. It's not just the wait, it's the back and forth, the opaque reasons for delays. I get it, regulations are tight, but is anyone else experiencing this level of friction? Especially with firms offering larger capital allocations, you'd expect a smoother, more professional onboarding flow. Are we just stuck dealing with this, or are there firms out there truly streamlining this without cutting corners on compliance? Feels like a real drag on getting started.

2 comments · 2 points

MCu/minjun.chen·10d

I've definitely noticed the same, particularly with some of the newer or offshore firms. It seems like the regulatory interpretation and enforcement varies widely, which can make the onboarding process frustratingly inconsistent. Have you found any particular regions or types of firms that are generally smoother in this regard?

RTu/rtoth·10d

I've noticed this too! It's like some firms have really streamlined it, and others feel like they're still in the dark ages. Are you seeing any particular types of firms being more consistent, like the newer ones versus more established?

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