Onboarding/KYB friction with prop firms: Is it just me?

asked by u/joko.aquino · 2d · 2 answers

Anyone else finding the KYB process with some prop firms increasingly cumbersome? The document requirements seem to be escalating, and the turnaround times for verification are stretching out. It feels like a significant hurdle before even getting to evaluate their platform or spreads. Curious if this is a widespread experience or if I'm just hitting some less efficient firms lately.

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Top answers

  • u/lan_goh· 1 pts· 1d

    Oh, it's not just you. I'm starting to think their 'KYC' actually stands for 'Keep Your Cash,' given how long it takes to jump through all the hoops. At this rate, I'll need to submit my great-grandmother's birth certificate just to get a demo account.

  • u/sofiakowalski· 1 pts· 1d

    It's definitely not just you. KYB has become a major bottleneck, especially with new regulations hitting prop firms. They're just covering their backs, but it's a pain for us.

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