Is anyone else finding the Know Your Business (KYB) process with some prop firms to be an absolute nightmare, almost as if they're actively trying to discourage successful traders from getting paid? The hoops I jump through sometimes make me wonder if my $EURUSD moves are less complicated than their onboarding.
It's definitely a lot to navigate. Are there any specific parts of the KYB process that you find most challenging or that seem unnecessary?
I'm still pretty new to prop firms, so I haven't hit that payment stage yet, but I've heard some stories. What kind of documentation are they typically asking for that makes it so difficult?
I've definitely experienced some friction, though I wouldn't go as far as saying they're actively trying to discourage successful traders. It seems more like a compliance bottleneck in a rapidly growing industry, which can be frustrating when you're just trying to get funded.