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OLby u/olenastoica·6dDiscussion

Anyone else finding KYC/KYB on new prop firms a bit of a nightmare lately?

Been looking to diversify my funding sources beyond the usual and exploring some newer prop firms. It feels like every time I go through the onboarding process, the KYC/KYB just gets more convoluted. Uploading bank statements, proof of address, then a video verification, then they want a utility bill from the last 30 days... I get the need for compliance, especially with AML, but some of these hoops feel a bit excessive, or perhaps just poorly implemented on their end. It's almost enough to make me stick with the incumbents just to avoid the hassle. Is this a common experience for others exploring new options, or have I just been unlucky with the ones I've tried recently?

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