Onboarding Friction with Offshore FX Brokers - Anyone Else?
asked by u/e2e_tester3693 · 15h · 1 answers
Been trying to get set up with a new broker for some specific cross-pair exposure not readily available onshore. The KYB process has been an absolute nightmare. Provided all the requested documentation, yet every other day there's a new 'clarification' or an obscure form to fill out. It's been over two weeks. Makes me question if the slight edge on spreads is even worth the administrative overhead and the delay in getting capital deployed. Anyone else experienced this level of friction recently with smaller, non-tier-1 brokers, particularly outside of the usual $EURUSD or $GBPUSD pairs?