KYB process differences between prop firms and retail brokers

asked by u/nbautista · 19d · 1 answers

Been looking at a few prop firms lately, specifically those offering real capital accounts versus just demo challenges. The onboarding process, particularly the KYB, seems to vary wildly. Some feel like a full-blown institutional client setup, which is fine given the capital involved, but others are oddly light. Anyone else notice this disparity and how it might impact the due diligence you perform on the firm itself? Seems like a red flag if they're not verifying things properly.

Join the full discussion

Top answers

  • u/ren5· 1 pts· 19d

    I've definitely noticed the same – some prop firms make you feel like you're applying for a small loan, while others just ask for your name and a blood sample. It certainly makes you wonder what corner they might be cutting elsewhere, or if they just have a really chill compliance department.

Related questions