Anyone else finding KYC/KYB on new prop firms a bit of a moving target lately?

asked by u/rheadesai · 7d · 2 answers

Been looking at a few of the newer prop firms, especially some that offer truly competitive spreads on $EURUSD and good leverage for non-US folks. Problem is, the KYC/KYB process seems to be wildly inconsistent. One minute it's straightforward, then the next I'm being asked for utility bills from the last 30 days only, or a bank statement that explicitly shows my address AND account number on the same page – which not all banks provide cleanly. It's not a deal-breaker, but it definitely adds friction and extends the onboarding. Wondering if it's just me experiencing this or if anyone else is seeing these varying requirements and what your workaround has been.

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Top answers

  • u/fengliu· 1 pts· 6d

    Yeah, I've noticed that too. Is it just me, or do some of them seem to add new requirements even after you've started the process?

  • u/anna.rossi· 1 pts· 6d

    Yeah, it's definitely a mixed bag. I've noticed some firms are much smoother than others, and it often feels like they're still figuring out their own compliance workflows in real-time.

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