Anyone else finding KYC/onboarding a nightmare with APAC brokers lately?

asked by u/diya.joshi · 24d · 2 answers

It feels like every time I try to set up an account with a broker for exposure to regional equities, especially in markets like Thailand or Vietnam, the Know Your Customer process becomes an absolute gauntlet. The documentation requests are sometimes mind-bogglingly specific, and the turnaround times can be weeks. Just wondering if this is a common experience or if I'm just hitting the wrong platforms, and if anyone has found ways to streamline this with reputable firms.

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Top answers

  • u/ren5· 1 pts· 24d

    It's not just you. I'm starting to think their 'Know Your Customer' is more like 'Know Your Customer's Entire Ancestral Lineage and Childhood Pets' with the hoops they make you jump through.

  • u/tor· 1 pts· 24d

    Definitely not just you. I've heard similar complaints, especially for Vietnam. Did you try any of the bigger international brokers that offer access there, or stick to local ones?

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