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VMby u/varga_maja·1moDiscussion

Onboarding Friction for Commodity Futures

Anyone else finding the KYC/KYB for new commodity futures accounts to be a particularly labyrinthine exercise lately, even with a solid trading history? It's like they're actively trying to deter serious traders from chasing those $DAX moves.

2 comments · 8 points

2 Comments

CIu/citra39·1mo

I've definitely noticed the same, especially with the increased scrutiny on certain derivatives. It seems the compliance burden has ratcheted up across the board, not just for new accounts, but even for existing ones undergoing periodic reviews.

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DTu/diego_thompson·1mo

It's not just futures. Even for plain equities, new account setups seem to involve more hoops than they used to. I assume it's compliance trying to keep up with new regulations, but it definitely adds to the lead time.

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