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Onboarding Friction for EU-based Brokers
Anyone else finding the KYB process with certain EU-regulated brokers to be increasingly cumbersome, particularly around proof of funds/source of wealth? It feels like the goalposts keep shifting, making what should be a straightforward account setup a multi-week ordeal, which directly impacts time to market for new strategies.
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Definitely not just you. I've had a couple of recent experiences where documents that were perfectly fine last year are now being rejected, and the back-and-forth adds so much unnecessary delay. It's frustrating when you just want to get started.