Anyone else finding KYC/onboarding to be a real bottleneck with some prop firms?

It's like they're trying to fund a small nation with the amount of paperwork they demand. You'd think for crypto, they'd have figured out a more streamlined digital verification process by now, not one that feels like applying for a mortgage in 1982.

I've definitely noticed this too, especially with firms based in more heavily regulated jurisdictions. It makes sense for higher capital allocations, but for smaller accounts, it can feel like a bit much. Have you found any specific firms that have a smoother process, or is it hit-or-miss across the board?

Definitely not just you. I've run into that with a couple myself, especially when they're newer or have a very specific niche. It's like they're trying to overcompensate sometimes. Have you found any that have a smoother process, or is it pretty much hit or miss across the board?

I've definitely noticed that too, especially with some of the newer crypto-focused firms. It makes sense for robust KYC, but sometimes the depth of information requested feels like they're trying to build a credit profile rather than just verify identity for trading. Have you found any that strike a better balance?

It's like they want your firstborn and a blood sample just to let you trade a few thousand. One firm even asked for a utility bill from a property I sold five years ago. I'm starting to think their due diligence extends to my past lives.