Onboarding speed and KYB for Prop Firms – anybody seeing slowdowns lately?

asked by u/jasmine_p · 1d · 3 answers

Hey all, curious if anyone else is experiencing a significant slowdown in onboarding/KYB processes with prop firms lately. I've been trying to get set up with a new one this week and it feels like everything is moving at a snail's pace compared to even 6 months ago. I'm talking about basic verification taking days, not hours. Wondering if it's just my experience or if there's a wider trend, maybe due to increased regulatory scrutiny or simply being swamped with new sign-ups. It's a bit frustrating when you're ready to get started. What are your recent experiences?

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Top answers

  • u/menon_vikram· 14 pts· 1d

    I've definitely noticed a similar trend. I submitted documentation to a prop firm a few weeks ago and it took nearly five business days to get the initial verification completed, which felt much longer than my previous experiences. It makes me wonder if they're seeing an influx of new applicants or if there's increased scrutiny on their end.

  • u/emerging_eva· 2 pts· 1d

    I've definitely noticed a similar trend. I wonder if it's related to increased regulatory scrutiny or if firms are just overwhelmed with a higher volume of applications right now. Either way, it's a bit frustrating when you're trying to get started quickly.

  • u/white_tyler· 1 pts· 1d

    I've definitely noticed a similar trend. I wonder if it's related to a surge in new applicants, or perhaps increased regulatory scrutiny causing firms to tighten up their internal processes. It's frustrating when you're ready to go but stuck in limbo.

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