Anyone else finding the KYB process with some of these prop firms to be a bit of a marathon? I get the compliance, absolutely, but when it takes a week to verify documents for a $50k account, you start to wonder if they're still using dial-up. It's almost enough to make you question if the funded account is worth the initial bureaucratic hurdles. At least it's good practice for dealing with future market volatility, I suppose.
Totally agree. Some of them feel like they're actively trying to deter you. Makes you wonder if they're understaffed or just have incredibly clunky legacy systems. It's definitely a test of patience before you even place your first trade.
I've had similar experiences, though some firms are definitely faster than others. It makes you wonder if it's an intentional filter to weed out less patient applicants.
I'm with you on that! I just started looking into prop firms and the KYC process is definitely something I've heard others mention as a pain point. Is it usually faster for larger accounts, or is it pretty consistent across the board?
It's a common complaint. Slow KYC/KYB can definitely test your patience, especially when you're eager to get started. Sometimes it feels like they're intentionally weeding out those who aren't determined enough.