Onboarding Pain Points and Funding Diversification for Smaller Prop Firms

Anyone else finding the KYC/KYB hoops with some of the retail-focused brokers increasingly ludicrous, especially when you're trying to set up accounts for smaller prop firm operations or even just diversifying personal trading accounts beyond one primary? It feels like every year, the process gets more onerous, asking for documents that seem less about security and more about satisfying some arbitrary checklist somewhere. I get the regulatory environment, truly, but there's a point where it starts to actively hinder the flexibility that's often critical for smaller outfits trying to manage risk across different liquidity providers or execution venues. I've had a few instances recently where what should be a straightforward account opening has dragged on for weeks, impacting our ability to deploy capital efficiently.

Then there's the ongoing saga of payment processors. We've cycled through a few over the years, and it's always a dance. One month they're great, next month they decide your business is too 'high-risk' for reasons they can't quite articulate, or they arbitrarily cap transfers. This becomes particularly problematic when you're dealing with anything outside the vanilla $EURUSD or $SPX trades and trying to get funds into or out of a broker quickly for less liquid assets or crypto pairs. The spreads and commissions are one thing, but if you can't reliably fund or withdraw without a Herculean effort, it nullifies any advantage. How are others managing this constant friction, particularly on the funding/withdrawal side, without resorting to having 10 different banking relationships?