Anyone else finding the Know Your Business (KYB) process with some of the newer, smaller prop firms to be surprisingly clunky and slow, especially compared to traditional brokers? I'm curious about the specific hurdles others have faced.
I've definitely noticed this too! Is it just because they're newer and still figuring out their processes, or are there specific regulatory challenges for smaller firms that make KYB harder for them?
Definitely. It feels like many are still figuring out their compliance tech, leading to lots of back-and-forth on documentation that bigger firms streamline.
Yeah, I've definitely run into that. It feels like they're still figuring out their internal processes, which can make the onboarding a bit of a drag compared to the big established players who have it down to a science.