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Anyone else finding KYC/AML a major chokepoint for new prop firm accounts?
It's getting ridiculous trying to onboard with these new prop firms. The hoops they make you jump through for KYB are just absurd, especially when you're just looking to get a small allocation to start. Feels like they're actively trying to deter serious traders with the amount of documentation required and the endless delays. Makes me wonder if some are just lead generation fronts or if the compliance teams are just understaffed.
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