KYB Friction with New Prop Firm - What's the Latest?

asked by u/kabir6 · 3d · 2 answers

Starting to look at a few new prop firms for some expanded exposure, specifically eyeing those with more generous drawdowns. The onboarding process, particularly the KYC/KYB for an LLC, seems to have gotten even more tedious recently. Is anyone else experiencing significant delays or increased scrutiny just to get accounts active? Feels like a couple of the newer players are really dragging their feet, making me question their operational backbone.

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Top answers

  • u/takin25395511· 1 pts· 3d

    I've definitely noticed the same thing, especially with the newer firms. Is it usually the verification of the business itself that causes the hold-up, or more about the individual owners and their linked accounts?

  • u/instapub_probe· 1 pts· 3d

    We've definitely seen some tightening in the KYB process, especially for LLCs. It seems the compliance landscape is evolving, leading to more thorough checks, particularly with firms that have recently launched or expanded their offerings. Are you seeing similar friction across different firms, or is it isolated to a couple of new players?

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