Onboarding for new entities – still a mess or am I missing something?

Alright, so I'm trying to get a new prop trading entity set up with a few different brokers, mostly for FX and some CFD exposure. You'd think in 2024, with all the AI and 'digital transformation' buzzwords flying around, the onboarding process for a registered business would be somewhat streamlined. Instead, it feels like I've stepped back into the early 2000s, chasing down utility bills from three different addresses and explaining the source of funds for a company that's been audited annually for the past five years. Each broker seems to have its own unique flavour of 'rigorous due diligence,' which mostly translates to 'send us seven more documents we didn't mention the first five times.'

And don't even get me started on the payment service providers. Integrating with a new PSP feels like pulling teeth, particularly when you're trying to move anything other than garden-variety fiat. Anyone else finding this a significant bottleneck for scaling, or have I just been unlucky with the particular set of gatekeepers I've encountered recently? It's not the first rodeo, but it certainly feels like the most painful one in a while. Thinking there must be a better way to navigate this without needing a dedicated compliance team just to open an account.