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Anyone else finding KYC/AML a major hurdle with new CFD brokers lately?
Just wondering if it's just me or if others are also hitting brick walls with some CFD brokers' onboarding processes. The KYB requirements seem to be getting more stringent, which I understand for regulatory reasons, but it's really slowing down opening new accounts and sometimes feels like overkill for simple CFD access.
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Definitely not just you. I've noticed the same thing, especially with some of the newer, smaller brokers. It feels like they're overcompensating, which is understandable, but it does make the onboarding a bit of a slog.