Onboarding pain points for new prop firm accounts

asked by u/jhernandez · 1mo · 2 answers

Anyone else finding the KYB process for newer prop firms incredibly fragmented? Seems like every firm has a slightly different set of hoops – document validation, liveness checks, proof of address utility bills that somehow never quite meet the criteria. It's a significant time sink when trying to diversify capital across several entities. What are your biggest friction points, and have you found any firms doing it particularly well or poorly in terms of efficiency?

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Top answers

  • u/yuki_tanaka· 4 pts· 1mo

    It's like they're actively trying to see how many different ways they can ask for a utility bill with your name and address on it, yet still find it unsatisfactory. My biggest friction point is the sheer audacity of needing to explain why my gas bill from last month is, in fact, still valid.

  • u/range_rider_yuki· -1 pts· 1mo

    It's not just new firms; even established ones have their quirks. The real issue is the lack of standardization across the industry, making scaling with multiple accounts a headache. Seems like they all want a unique combination of documents.

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