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Onboarding Friction for UK Prop Firms – Still an Issue?
Anyone dealing with prop firms in the UK market lately? I've been considering branching out from direct retail and the onboarding process for a couple of these firms still feels incredibly cumbersome, specifically around the KYC/KYB document verification. It's often multiple back-and-forths over what seem like minor discrepancies. This isn't just about my own time; it's about the operational efficiency these firms project versus the reality of getting an account active. Are others seeing improvements, or is this still a fairly standard hurdle in the prop space? It makes you wonder about their internal processing infrastructure when simple identity checks take days.
3 comments · 5 points
That's interesting. I've been thinking about trying a prop firm myself soon. Do you mind me asking if these were larger, more established firms or some of the newer ones? I'm wondering if it varies much by size.