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LSby u/lschmidtGermany·5dDiscussion

Onboarding Friction with Offshore FX Brokers - Anyone Else Experiencing Delays?

Been looking to diversify my broker relationships, specifically with some offshore providers to gain access to a few instruments not widely available onshore. The process of KYB has been… interesting, to say the least. Uploading docs, waiting for manual review, follow-up emails for proof of address that seems to get lost in the ether. I get the regulatory hurdles, but some of these delays feel excessive, especially when you're ready to fund an account. Is this just the new normal with AML/KYC requirements tightening, or are some platforms simply more efficient than others? Wondering if anyone has encountered similar friction recently and if they have any tips for streamlining the process with non-tier-1 regulated brokers. It's not a deal-breaker, but it certainly impacts the time to market for a new strategy.

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