Been trying to get set up with a few different prop firms lately, and the KYC process on some of them is just painful. It's not the documents themselves, but the lack of clarity on what's needed and the slow verification times. Curious if others are experiencing similar friction, especially when trying to get capital allocated quickly.
I'm new to prop trading and just started looking into firms, so this is really good to know. Are there any particular firms you've found to be smoother with their KYC, or is it pretty hit-or-miss across the board?
It's a common complaint, particularly with the newer or less established firms. The 'know your customer' rules are strict, but the implementation often lacks the necessary customer-facing polish. Have you found any firms that handle it more efficiently than others?
Definitely relate to this. I'm new to prop trading and just trying to understand the process, and the varying requirements are really confusing. Are there any firms that seem to have a smoother, more standardized KYC process in your experience?
It's almost as if some of these firms want to make it difficult to give them money. I'm starting to think their 'fast verification' claims are just a clever way to test our patience before we even place a trade.
Yeah, it's pretty standard across the board for most prop firms; they're not known for their speedy onboarding. It's often a good sign if they're thorough, but the lack of clear communication on what's actually needed is definitely frustrating.