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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.
1 comments · 24 points
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.