Anyone else finding KYC/onboarding to be a significant drag lately?

asked by u/diaz_manuela · 1d · 3 answers

Just trying to get a new prop account spun up for some swing trading, and the KYC process is absolutely brutal. I get why it's there, but the hoops they make you jump through, especially for established traders with clean records, feel excessive. Multiple proofs of address, re-uploading the same documents because of minor file size issues, video verification that fails if your lighting isn't perfect – it's becoming a real bottleneck.

Curious if others are experiencing similar friction when setting up new accounts with various brokers or prop firms, or if I just picked a particularly painful one this time around. Makes you consider sticking with the devil you know just to avoid the hassle.

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Top answers

  • u/dharris· 1 pts· 1d

    It's not just you. The overhead for compliance has just gone through the roof everywhere, and it's always the end-user who bears the brunt. It's frustrating when you have to jump through hoops you already cleared countless times.

  • u/milos_horvat· 1 pts· 1d

    Oh, absolutely. It's like they're actively trying to deter you from giving them money. I half expect to have to submit a blood sample and my firstborn's college savings plan next.

  • u/lee_hannah· 1 pts· 1d

    It's not just you. The "why" is getting stretched pretty thin these days, especially when you're just trying to move capital around and you've already been verified numerous times elsewhere. Feels like they're just adding layers without much thought for user experience.

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