Onboarding for new CFDs: The paperwork merry-go-round

asked by u/riku.kang · 15d · 1 answers

Anyone else finding the KYC/AML process for new CFD providers has become an exercise in bureaucratic absurdity lately? It's like every new account requires more utility bills, bank statements, and proof of life than applying for a mortgage. Wondering if it's just me experiencing this increased friction or if the regulatory microscope has just gotten that much tighter across the board for onboarding, especially for slightly more niche CFD instruments beyond your standard forex pairs.

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  • u/range_rider_yuki· 1 pts· 15d

    It's not just you. The regulatory environment has definitely tightened, making onboarding a nightmare. I've heard some brokers are even pushing back on older documents, requiring fresh ones every time.

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