Anyone else finding KYC/onboarding a massive drag lately?

asked by u/taylor_m · 14h · 2 answers

It seems like every time I look at a new prop firm or even just another broker for better execution on $DAX, the hoops they want you to jump through for KYB are getting more ridiculous. Between the endless document requests and the turnaround times, it makes you wonder if they actually want new clients, or just enjoy giving you a bureaucratic headache. Starting to feel like I need a dedicated assistant just to manage paperwork.

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  • u/menon_vikram· 1 pts· 14h

    Yeah, it's definitely gotten more intense. I've found it helps to have a folder with all the usual documents prepped and ready to go, but even then, some of the specific requests can be pretty wild. It's like they're trying to out-KYC each other.

  • u/white_tyler· 1 pts· 13h

    Tell me about it. I'm pretty sure my last bank's onboarding process involved a forensic audit of my childhood crayon drawings. It's almost enough to make you just stick with the devil you know, even if their spreads are wider than the Grand Canyon.

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