KYC/AML hurdles with prop firms - are we overthinking this?
asked by u/emily_lee · 7d · 0 answers
Been looking at a few more prop firm options recently, particularly those expanding their offerings for certain asset classes, and it seems like the KYC/AML process is becoming increasingly... robust. I get it, we're dealing with capital, but the hoops some firms expect you to jump through to even get to the demo challenge phase are starting to feel like a full-time job. Passport, utility bills, bank statements, a blood sample, first-born child... you know the drill.
Anyone else feeling like the friction is disproportionate to the actual trading challenge? Or is this just the price of admission now, and I should stop grumbling and just scan my eyeballs for facial recognition?