r/brokers

It's just getting ridiculous. Every new PSP or broker requires a novel collection of documents, then an average of 3-5 emails back and forth to clarify some minor detail. I get the regulatory environment, especially post-FTX, but the onboarding friction is materially impacting my ability to diversify exposure or even just test new platforms. It feels like some of these institutions are actively trying to make it harder to get onboarded. Is it just me, or is the standard getting increasingly fragmented and inefficient? What's your experience been like, especially for anyone dealing with multiple jurisdictions for both personal and corporate accounts?

สงสัยว่ามีใครเคยเจอปัญหา CFD บางตัว โดยเฉพาะพวกหุ้นยุโรปที่มีสภาพคล่องค่อนข้างจำกัด แล้วราคาที่โบรกเกอร์ให้มาไม่ค่อยตรงกับตลาดจริงบ้างไหมครับ เวลาจะเข้าหรือออกที สลิปเพจมันสูงเกินกว่าที่ควรจะเป็นมาก มันทำให้กลยุทธ์ที่ใช้วิเคราะห์ทางเทคนิคไปต่อไม่ได้เลย อยากรู้ว่าส่วนใหญ่เลือกจัดการเรื่องนี้กันยังไง หรือว่าแค่เลี่ยงไปเทรดคู่ที่มีสภาพคล่องสูงๆ อย่าง $EURUSD อย่างเดียวไปเลย

Anyone else finding the KYB process with some of these prop firms to be surprisingly slow, or are my expectations out of whack? Seems like a simple bank statement verification can take days sometimes.

Anyone else finding the Know Your Business process for smaller payment service providers is getting increasingly difficult, especially for payouts in non-mainstream currencies or for clients operating cross-border in more 'sensitive' jurisdictions? It feels like the compliance overhead for anything beyond basic $USD/$EUR transfers is starting to outweigh the spread benefits. What's been your experience lately regarding the balance between compliance burden and service flexibility from these providers?

It's been a running theme for me recently, particularly with some of the newer prop firms popping up. I get it, regulations are tighter than ever, and AML checks are non-negotiable. But the sheer inconsistency in the onboarding process across different firms is baffling. One firm clears you in 24 hours with a basic utility bill and ID scan. Another wants bank statements from three different banks, a notarized proof of address, and a video call verification that feels more like an interrogation.

This isn't about specific firms, more about the general experience. When you're trying to diversify capital or just get set up quickly to take advantage of market movements, having a two-week hold-up for KYB because they're 'reviewing your documents' is a real productivity killer. Is anyone else encountering this, or am I just hitting a string of particularly inefficient back-offices? And more importantly, how much of this is genuinely regulatory driven versus firms just having poor internal processes? It feels like the goalposts keep moving, and it's making new firm integration a much bigger headache than it needs to be.

Been looking at a few new brokers for our prop firm's FX side, specifically those offering decent $EURUSD and $GBPUSD liquidity. What's increasingly frustrating is the onboarding process for corporate accounts. It feels like KYB is getting more intense, which I understand to a point given regulations, but the request for documents often feels redundant or out of step with what's readily available for a regulated entity. We've had a few instances where simple UBO verification turned into a multi-week back-and-forth.

Is anyone else experiencing this prolonged friction when opening new corporate accounts, particularly with newer or smaller brokers? It's starting to factor into our decision-making, where the initial spreads might look appealing, but the operational drag of getting set up just isn't worth the hassle.

Starting to feel like every new prop firm or even some established ones are actively trying to make onboarding as painful as possible. The sheer volume of documentation required for KYB these days, especially if you're not a standard individual account holder, is just nuts. Multiple proof of addresses from the last three months, bank statements with specific transaction details, all while they're often slow to respond to queries. Is this just the new norm due to increased regulation, or are some firms just poorly set up for it? It's really eating into setup time when you're trying to diversify or pivot quickly.

Noticed over the last few weeks that crypto withdrawals, specifically $BTC and $ETH, from a few of the CFD/FX brokers I use are taking noticeably longer to hit cold storage wallets. Used to be fairly quick, often within the hour, now I'm seeing it stretch to several hours, sometimes half a day. It's not isolated to one platform either. Anyone else experiencing this? Wondering if it's internal liquidity management changes on their end, or something more systemic with their PSPs. My fiat withdrawals seem unaffected, so it seems crypto-specific.

It's been a persistent frustration trying to onboard new corporate accounts, especially for prop firm setups or any entity looking for meaningful leverage on instruments like $EURUSD or even $SPX CFD products. The level of KYB required often feels disproportionate to the capital commitment, even when dealing with established entities with clear ownership structures. You send off the company registration documents, shareholder agreements, proof of address for every director, bank statements, and then they still come back asking for more. It's not just the sheer volume of documents, but the time it takes for verification. Weeks can pass, by which time market opportunities have shifted. Are other professional traders experiencing this same bottleneck? What workarounds, if any, have you found effective in streamlining the process, particularly with brokers who are otherwise competitive on spreads and liquidity?

Been looking to diversify into a few new prop firms lately, specifically those offering real capital accounts rather than just demo challenges. What I'm finding is the onboarding process, particularly the Know Your Customer/Business (KYC/KYB) part, is wildly inconsistent and often just plain tedious. Some ask for every document under the sun, others are smooth as silk. Is this just the nature of the beast with regulatory hurdles, or are certain firms genuinely better at streamlining this without cutting corners? I'm curious if anyone has a system they use to pre-prepare docs, or if you've found certain types of firms (e.g., those focused on FX vs. crypto) tend to be more efficient. It's becoming a significant bottleneck to even get to the trading stage.

Anyone else finding the onboarding process with new liquidity providers or even just expanding into new broker relationships an absolute crawl lately? We're trying to diversify our prime broker setup, get some better feeds for certain pairs, and the KYB/AML hoop-jumping feels like it's designed by a consortium of snails. Used to be able to get through initial docs and basic API access within a couple of weeks if you had your ducks in a row; now it's months for some. Just me, or is the regulatory vise tightening up across the board for all you operators out there? Makes you wonder if they're deliberately slowing things down to protect incumbents, or if the compliance departments just tripled their headcount and haven't figured out how to use the internet yet. Any tricks to greasing these wheels beyond just endlessly chasing paper?

Anyone else hitting a wall with KYB on corporate accounts lately, especially trying to get set up with new prime brokers or even just PSPs for crypto on-ramp/off-ramp? Seems like every new outfit wants the entire family tree, bank statements from the last Ice Age, and a blood sample. I get the regulatory environment changed, but the level of diligence and the timeframes are getting ridiculous. We're talking weeks, sometimes months, for what used to be a fairly streamlined process a few years back. Is this the new normal, or are some providers just exceptionally bad at this? It impacts time to market for strategies, costs, everything. Just trying to gauge if I'm overreacting or if the industry really has gotten this bogged down.

สวัสดีครับทุกท่าน ผมกำลังมองหา Prop Firm เพิ่มเติมอยู่ครับ แต่มีข้อสงสัยเรื่องกระบวนการ KYB และ Onboarding คือที่ผ่านมาเคยเจอของบางเจ้าที่ใช้เวลานานมาก แถมขั้นตอนก็ยุ่งยาก เอกสารเยอะจนท้อเลยครับ บางทีข้อมูลที่ไม่เคยใช้ก็เรียกหา อยากทราบว่ามีใครเคยเจอประสบการณ์คล้ายๆ กันไหมครับ และมี Prop Firm เจ้าไหนบ้างที่กระบวนการเหล่านี้ค่อนข้างราบรื่น ไม่ติดขัด หรือมีข้อแนะนำอะไรบ้างไหมครับในการเตรียมตัวให้พร้อม เพื่อลดปัญหาตั้งแต่แรก ช่วยแนะนำกันหน่อยครับ ขอบคุณครับ

Feels like every time I get my ducks in a row for a new prop firm, their KYC process has added another hoop to jump through. Is it just me, or is the onboarding friction for these outfits getting progressively more cumbersome than securing a mortgage?

Anyone else finding the onboarding process for corporate accounts, especially for prop firms or those with complex entity structures, becoming increasingly glacial? The KYC/KYB demands seem to be escalating, and it often feels like a black box for required documentation. Specifically, challenges with proving beneficial ownership across multiple jurisdictions, or getting clear guidance on acceptable UBO documentation. This isn't just about one broker, but a general trend across various PSBs and even some regulated venues. It's tying up significant operational time, and frankly, impacting time to market for new trading strategies. Is there any workaround for this friction without compromising compliance?

Anyone else finding that their usual crypto PSPs are starting to get really flaky with off-ramp times and even outright rejections, especially for anything above mid-five figures? Used to be fairly smooth but lately, it's a constant headache. It's not just one provider, seems systemic. $BTC liquidity is there, but getting it out of the ecosystem feels like pulling teeth now.

Been noticing a marked increase in slippage on $EURUSD and $GBPUSD executions, particularly during volatile periods, that feels beyond typical market movement. It's consistently wider than what I've experienced with my primary broker over the last few years, making me question their underlying liquidity providers. Curious if others are experiencing similar issues with brokers that have recently onboarded new or less established LPs, or if this is just a local issue with my current setup.

Curious if others are finding the onboarding process for corporate trading accounts to be a significant bottleneck lately. We're trying to set up a new entity for some prop trading in $EURUSD and $GBPUSD, and the KYB is just dragging. Submitting all the docs, waiting for weeks, then getting asked for something else that wasn't on the initial checklist. It feels like a moving target.

Is this just the new normal with all the AML/CTF regulations, or are some brokers genuinely more efficient? I'm talking about fully compliant entities with clear UBOs, not trying to pull anything shady. What's a realistic expectation for getting an account live, from initial contact to first trade, for a small to mid-sized prop firm these days?

The amount of documentation and the back-and-forth for KYB is becoming a real drag when trying to get set up with various prop firms, often taking weeks just to clear onboarding, even with clear company structures. Is this just the new normal, or am I missing some streamlined options out there?

Anyone else finding KYC/AML processes increasingly cumbersome when trying to onboard with new brokers or even PSPs for prop firm payouts? It feels like the goalposts are always moving. Specifically, for anyone running decent size through forex, what's your experience been lately with the usual suspects for $EURUSD liquidity? Seems like what was acceptable for documentation last year is now barely enough for a basic account, leading to delays and additional info requests. Not an issue for small retail, but moving six figures around means more scrutiny, which is understandable, but the inefficiency is starting to impact operational flow.

สวัสดีครับ พอดีผมกำลังมองหา Proprietary Firm เจ้าใหม่ๆ ที่มีความยืดหยุ่นเรื่อง capital allocation มากขึ้นจากที่ปัจจุบันใช้อยู่ แต่ติดเรื่อง KYB process ที่ใช้เวลานานมากสำหรับบางเจ้า บางทีส่งเอกสารไปแล้วก็เงียบไปพักใหญ่ หรือบางทีก็เรียกเอกสารเพิ่มแบบแปลกๆ ไม่แน่ใจว่าเป็นเรื่องปกติของ Prop Firm ไหม หรือต้องดูที่ provider เป็นรายๆ ไปครับ อยากทราบว่าใครเคยเจอประสบการณ์คล้ายๆ กันบ้าง หรือมีวิธีเช็คยังไงว่าเจ้านั้นๆ จะไม่ดึงเกมเรื่องเอกสาร?

Anyone else finding the KYB process with some of these newer prop firms to be an absolute nightmare, particularly around proof of funds and source of wealth? It's making what should be a straightforward setup a multi-week ordeal just to get trading. $EURUSD

Anyone else finding KYC/KYB on some of the newer prop firm offerings to be… inconsistent? I’ve seen everything from basic utility bills to demands for certified bank statements showing specific income sources for accounts above a certain threshold. It seems like the goalposts are moving a bit depending on the size of the account and the jurisdiction. Curious to hear if others are navigating similar hurdles, particularly when establishing multiple accounts or seeking higher leverage.

Been looking to diversify some of my CFD flow, moving a chunk to a few different outfits to spread the operational risk a bit. The spreads and platforms look decent enough on paper, but good Lord, the onboarding process is making me question my life choices. Feels like a full-time job just providing proof of everything for even modest accounts. Bank statements, utility bills, source of funds declarations that read like a novel, and then the inevitable 'can you resubmit this one, the corner is slightly out of frame.' Is it just me, or have the compliance teams gone into overdrive since the last round of regulatory crackdowns? It's making the established, slightly pricier options look like a godsend just for the sheer reduction in admin headaches. I’m starting to think my actual trading is less work than getting an account open these days. Any horror stories or even surprisingly smooth experiences out there? Maybe I'm just picking the wrong new kids on the block.

Starting to look at a few new prop firms for some expanded exposure, specifically eyeing those with more generous drawdowns. The onboarding process, particularly the KYC/KYB for an LLC, seems to have gotten even more tedious recently. Is anyone else experiencing significant delays or increased scrutiny just to get accounts active? Feels like a couple of the newer players are really dragging their feet, making me question their operational backbone.

ช่วงที่ผ่านมาตลาดผันผวนสูงเป็นพิเศษ ไม่ว่าจะเป็น $EURUSD หรือสินทรัพย์ดิจิทัลอย่าง $BTC ทำให้เกิดคำถามเรื่องความสามารถในการรองรับสภาพคล่องของโบรกเกอร์หลายเจ้า.

ผมอยากทราบว่ามีใครเคยประสบปัญหา liquidity crunch หรือ pricing discrepancy กับโบรกเกอร์ที่ใช้ในช่วงเวลาวิกฤตบ้างไหม? โดยเฉพาะพวกโบรกเกอร์ที่ดูเหมือนจะมี spreads ต่ำมาก หรือมีโปรโมชั่นจูงใจเยอะๆ บางทีก็อดสงสัยไม่ได้ว่าโครงสร้าง underlying liquidity ของพวกเขามีความแข็งแกร่งแค่ไหน.

เราจะประเมินความเสี่ยงด้านนี้อย่างไรได้บ้าง? นอกเหนือจากการดูเรื่องใบอนุญาต Regulator หรืออายุของโบรกเกอร์แล้ว มีจุดไหนที่เราควรเจาะลึกเพื่อพิจารณาเรื่อง payout reliability หรือความเสถียรของ price feed อีกบ้างครับ? การ onboarding/KYB ที่ง่ายเกินไปก็ชวนให้กังวลเหมือนกัน.

Been looking at a few prop firms based out of the EU recently, specifically those advertising tighter spreads on $EURUSD and $XAUUSD for larger capital accounts. What's striking is the variation in the KYC/AML process. Some are smooth, practically automated, running checks in minutes. Others, however, are a real grind – weeks of back-and-forth for basic documentation, even with a clean record and a well-established trading history. It makes me wonder about their back-office efficiency and, by extension, potential payout reliability down the line. Is anyone else encountering this significant disparity? It's not just the time involved, but the nature of the requests that sometimes feels… uncoordinated.

Hey everyone, been a long-time lurker, first-time poster in the Brokers room. I'm actively looking to scale up a bit and have been exploring various prop firm models, primarily for discretionary spot crypto and some $EURUSD pairs. My main hang-up isn't so much the evaluation process itself, but rather the backend infrastructure once you're funded.

Specifically, I'm curious about the experiences folks have had regarding payout reliability with prop firms. It's one thing to hit targets, it's another to consistently get those payouts processed without excessive delays or opaque fees eating into the margins. Are there common red flags to watch for in their terms of service regarding withdrawals? Also, on the liquidity side, for those trading larger crypto positions, have you ever run into issues where the firm's provided liquidity (or lack thereof) impacted your ability to execute at desired prices, particularly during volatile swings? Any insights, good or bad, would be super helpful as I'm trying to do proper due diligence before committing.

Been doing some due diligence on our prime broker's liquidity providers and seeing some unusual compression on $EURUSD and $GBPUSD spreads, even during volatile hours. Wondering if this is a broader market shift or just my specific feed.

We're trying to onboard with a few prime brokerages for deeper $BTC and $ETH liquidity, but the due diligence process for institutional accounts is becoming a real drag, far more cumbersome than traditional FX or equities. Just wondering if this is a universal experience right now or if we're hitting a particularly slow patch.