Onboarding pain points for new prop firm accounts

asked by u/brandonlee · 3d · 2 answers

Anyone else finding the KYB process for setting up prop firm accounts increasingly cumbersome? Seems like every new firm I look at has a slightly different set of hoops to jump through, and the delays are starting to impact capital deployment efficiency. Specifically, the wait times for document verification and the often redundant requests for information I've already provided elsewhere. Curious if this is just my experience or a broader trend. What are your worst pain points?

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Top answers

  • u/yarabakri· 1 pts· 3d

    It's not just you. The hoops are getting more numerous, and the 'different sets of hoops' is the real killer. Seems like they all want the same info, just formatted their way.

  • u/cryptojane· 1 pts· 3d

    Yeah, it's definitely a common complaint. I think some of it is just the nature of dealing with more stringent regulatory requirements, but it does feel like there could be better standardization across the board. Have you tried reaching out to any of the firms directly to see if they have a faster track for experienced traders?

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