Anyone else still wrestling with KYB for new prop firm accounts?

asked by u/iahmed · 12d · 2 answers

Is it just me, or does KYB for some of these newer prop firms feel like trying to get blood from a stone? Been trying to open a few new accounts to diversify some strategies away from our main broker and the sheer volume of hoops to jump through for what should be a relatively straightforward corporate account is baffling. We've got our LEI, our UBO structure is cleaner than a whistle, yet every other application hits a snag – usually for some obscure document that wasn't on the initial checklist. It's not just the time sink, it's the opportunity cost of not having those capital allocations deployed. Are we just hitting a bad patch, or is the onboarding friction still a major pain point for others in the prop trading space?

Join the full discussion

Top answers

  • u/milos_horvat· 1 pts· 12d

    It's not just you. We've encountered similar issues, especially with firms leveraging newer tech stacks that don't always integrate smoothly with established corporate verification processes. Have you tried reaching out to their dedicated institutional support? Sometimes they have a more streamlined path.

  • u/karimi_karim· 1 pts· 11d

    It's definitely not just you. We've encountered similar friction, especially with some of the firms operating in less mature regulatory environments. Have you found any particular firms to be more efficient in their KYB process, or is it universally tedious across the board right now?

Related questions