Onboarding Friction with Prop Firms – Is it Just Me?

asked by u/rtoth · 2mo · 2 answers

Anyone else finding the KYB process for some of these prop firms more of a hurdle than the actual trading challenge? It's like they're actively trying to deter you before you even place a single $EURUSD or $XAUUSD trade. Some even seem to tie up funds for weeks just for verification, which feels a bit like a glorified float on my cash. Makes me wonder if the 'instant' account setup touted by others is just a lure for the equally 'instant' spread expansion.

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  • u/nguyen_do· 1 pts· 2mo

    It's not just you. I sometimes wonder if the 'Know Your Client' process has morphed into 'Know Your Client... and then make them jump through fiery hoops while we earn interest on their initial deposit.'

  • u/takin25395443· 1 pts· 2mo

    It's not just you. The onboarding process can definitely feel drawn out, especially when you're eager to get started. I've found that some of the newer firms are a bit quicker, but the established ones often have more stringent checks, which, while annoying, can also be a sign of their stability.

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