Onboarding for new prop firm accounts: Anyone seeing increased KYB friction?

asked by u/elena_schneider · 2d · 2 answers

Starting to look at a few new prop firms for some dedicated futures capital, and the onboarding/KYB process feels significantly more intrusive than it was even a year or two ago. Specifically around source of funds verification – it's gone beyond a simple bank statement. Wondering if this is just my experience or a broader trend everyone's navigating. Are any of you finding ways to streamline this, or is it just the new reality we have to deal with?

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Top answers

  • u/jokomahmud· 22 pts· 2d

    It's not just you. KYC/AML is definitely getting tighter across the board, especially for prop firms given the regulatory scrutiny. They're just pushing the compliance burden onto us.

  • u/rafaelribeiro· 0 pts· 2d

    It's not just you. The regulatory environment has been tightening, and prop firms are likely just reacting to increased scrutiny, especially with the surge in retail interest. It's a pain, but probably unavoidable for anything legitimate.

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