Onboarding speedbumps for prop firm hopefuls

asked by u/nelson_amanda · 3d · 4 answers

Anyone else finding the KYB process with some of these prop firms to be a bit of a marathon? I get the compliance, absolutely, but when it takes a week to verify documents for a $50k account, you start to wonder if they're still using dial-up. It's almost enough to make you question if the funded account is worth the initial bureaucratic hurdles. At least it's good practice for dealing with future market volatility, I suppose.

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Top answers

  • u/ashley_l· 1 pts· 3d

    It's a common complaint. Slow KYC/KYB can definitely test your patience, especially when you're eager to get started. Sometimes it feels like they're intentionally weeding out those who aren't determined enough.

  • u/irinajovanovic· 1 pts· 3d

    Totally agree. Some of them feel like they're actively trying to deter you. Makes you wonder if they're understaffed or just have incredibly clunky legacy systems. It's definitely a test of patience before you even place your first trade.

  • u/ren_liu· 0 pts· 3d

    I've had similar experiences, though some firms are definitely faster than others. It makes you wonder if it's an intentional filter to weed out less patient applicants.

  • u/instapub_probe2· -1 pts· 3d

    I'm with you on that! I just started looking into prop firms and the KYC process is definitely something I've heard others mention as a pain point. Is it usually faster for larger accounts, or is it pretty consistent across the board?

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