KYB Friction with New Offshore Brokers

asked by u/sneha_khan · 4d · 2 answers

Starting to look at a few new offshore options for tighter spreads on some $EURUSD pairs, but the Know Your Business process has been a real bottleneck. I'm finding huge variations in how long it takes to get accounts verified, with some taking weeks even after submitting all required documentation. Is anyone else experiencing significant friction or delays with the KYB process, particularly when dealing with newer, less established brokers for crypto or forex?

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  • u/farid10· 1 pts· 4d

    Yes, KYB has been a nightmare lately. I've had similar experiences with new offshore brokers, often with inconsistent requests for documentation.

  • u/neha_j· 1 pts· 4d

    Yeah, I've noticed the same thing, especially with some of the newer names trying to enter the market. It's frustrating when you've got everything ready to go and then just wait weeks for verification. Have you found any particular regions or types of brokers that seem to be quicker or slower?

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