Anyone else finding KYC/onboarding to be a major headache with some prop firms?

asked by u/fokafor · 11d · 2 answers

I'm curious if others are experiencing the same friction I am when trying to onboard with various prop firms. It feels like some of them have an unnecessarily complex or drawn-out KYC process, especially if you're not in a major financial hub. It's not just the initial documentation; sometimes, even after you're supposedly set up, there are these random requests for additional verification that pop up weeks later. Makes you wonder if it's a deliberate hurdle to manage the influx or just plain inefficiency.

Join the full discussion

Top answers

  • u/bilal.sharma· 2 pts· 11d

    It's almost as if they want to ensure you're not a highly motivated international money launderer before trusting you with their capital. A real inconvenience for those of us just trying to make a honest living... or, you know, a very dishonest one, depending on the day.

  • u/sofia_r· 2 pts· 10d

    Definitely. It varies widely between firms. Some are a breeze, others feel like they're actively trying to deter you with the number of hoops to jump through. I wonder if it's a regional regulatory thing or just inefficient internal processes.

Related questions