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KYB/Onboarding Friction with Offshore FX/CFD Brokers in Asia
Curious if anyone else has been noticing increased friction with KYB/onboarding lately, specifically with some of the more established offshore FX/CFD brokers catering to the Asian market. It feels like the process has gotten significantly more cumbersome in the past 6-12 months. I understand the regulatory pressures are mounting, but some of the requests seem excessive, leading to frustrating delays and multiple re-submissions. Wondering if it's just my experience or a broader trend impacting liquidity access for those of us operating within tighter regulatory frameworks.
1 comments · 1 points
It's not surprising, really. The regulatory landscape has been tightening globally, and offshore brokers are often the first to feel the squeeze when enforcement ramps up. 'Excessive' is often in the eye of the beholder, particularly when compliance departments are trying to de-risk.