Anyone else finding KYC/onboarding a drag for prop firm access recently?

asked by u/feng.ito · 8d · 0 answers

Been looking into expanding my capital base, specifically targeting a few prop firms for forex pairs like $EURUSD and $GBPUSD. What I'm noticing lately is that the onboarding process, particularly the KYB/AML checks, feels incredibly cumbersome, even more so than just a year or two ago. I get that compliance is tighter, but the back-and-forth for proof of address, source of funds, and sometimes even the specific type of bank statement required seems to vary wildly and often results in multiple rejections before anything goes through.

It's not just a single firm either; I've had similar experiences with two different options I was evaluating. This friction is eating into my readiness to even start the evaluation phase. Is this just my experience, or are others seeing a similar tightening and increased complexity in getting through the gatekeepers at these firms? I'm curious if there are any specific aspects of this process that others have found particularly challenging or, conversely, any firms that seem to have a more streamlined (but still compliant) approach.

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